Business Risk Process Manager (Product Management)
Company: First Citizens Bank
Location: Boston
Posted on: May 8, 2024
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Job Description:
OverviewThis position is part of the Commercial Bank Product
organization and will be responsible for consulting with, educating
and supporting the execution of first line risk programs, promoting
an environment of risk awareness and risk ownership across the Bank
while adhering to the Company's Risk Appetite and Corporate
Strategy. Participates in risk identification and the assessment
processes and risk-related trainings and procedure development.
Ensures timely identification and escalation of risks and issues
and consults with BU management surrounding key risk management
issues to ensure the efficient and accurate execution of risk
programs. This position serves as a subject matter expert and may
provide guidance to other department associates as
needed.ResponsibilitiesRisk Oversight - Serves as a subject matter
expert within the Product Organization providing guidance and
process coaching to ensure appropriate and effective collaboration
between the BU and Risk Management departments. Generates,
analyzes, and utilizes BU Risk Reports to identify potential risks
that may impact the BU and provides any needed clarification.
Continuously tracks and reports on key indicators and limits and
ensures timely escalation of breaches as required by the Risk
Appetite Framework (RAF). Assists in the review and enhancement of
internal controls, ensuring control testing is in place and results
are in line with the Control Standards. Risk Collaboration -
Assesses impact and provides education around current and emerging
issues and regulatory requirements with senior management and BU
key stakeholders. Participates in mandatory risktraining and
educates BU personnel on key risk programs and topics. Risk
Governance - Maintains and utilizes strong understanding of
business operations, risks, controls and related laws and
regulatory guidance.Supports the BU's participation in relevant
risk governance group meetings. Monitors and ensures the
incorporation of Risk Limits into core BU processes. Provides
necessary feedback and coordinates on relevant governance documents
to support BU activities and manage risk. Prepares for external
audits and provides materials to regulators. Works with senior
management to execute the implementation of effective program
policies, standards, and procedures.Position Specific Skills
-Knowledge of risk techniques, practices, and control
frameworks.Knowledge of various banking and government regulatory
requirements and processes.Ability to work effectively with
associates, senior management, and various committees.Knowledge of
regulatory guidance pertaining to enterprise risk and operational
risk.Knowledge of product management and supporting risk management
programs within a product organization.*Open to work hybrid from an
office in Boston, Chicago, NYC, Phoenix, Salt Lake, Santa Clara and
SFO.In NYC and CA the base pay for this position is relative to
your experience but the range is generally $117,075.00 -
$202,930.00 per year. This position is eligible for variable
compensation, which may be in the form of incentive, bonus, or
commission pay. First Citizens offers a competitive, comprehensive
benefits program which you can review here:
https://jobs.firstcitizens.com/benefits.QualificationsBachelor's
Degree and 4 years of experience in Enterprise Risk or Operational
Risk and Project Management or Internal/External Consulting,
Business Risk Process Management, Product Management OR High School
Diploma or GED and 8 years of experience in Enterprise Risk or
Operational Risk and Project Management or Internal/External
Consulting, Business Risk Process Management, Product
Management.Job type: FULL TIMECategories: Innovation Banking
Keywords: First Citizens Bank, Malden , Business Risk Process Manager (Product Management), Executive , Boston, Massachusetts
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