Business Risk & Controls Advisor (Remote)

First Citizens; Raleigh (NC); Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a skilled risk management professional to support corporate functions. This remote role involves analyzing complex processes, managing data, and ensuring compliance with risk management frameworks. You will collaborate with cross-functional teams to identify risks and develop strategies for mitigation while providing insights to senior leadership. The ideal candidate will possess strong analytical skills, experience in financial services, and a passion for strategic risk management. Join a forward-thinking company that values excellence and offers a comprehensive benefits program designed to support associates in their professional journey.

Benefits

Comprehensive benefits program

Support for families

Flexible work arrangements

Qualifications

• 4 years in Financial Services or 8 years with a High School Diploma.
• Knowledge of risk techniques and regulatory requirements.

Responsibilities

• Support execution of risk management policies and procedures.
• Develop and maintain understanding of business risks and controls.

Skills

Analytical Skills

Data Management

SQL

Communication Skills

Problem Solving

Project Management

Teamwork

Education

Bachelor's Degree in Financial Services

High School Diploma or GED

Tools

Excel

Tableau

PowerPoint

Job description

Overview

This is a remote role that may only be hired in the following locations: AL, AR, CT, DE, IA, ID, IN, KS, KY, LA, ME,MS, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV

This position will be supporting corporate function processes in the Strategy Organization. To be successful in the role the candidate should be comfortable with analyzing complex processes, organizing data for analysis, and working on new and evolving activities. The candidate should be experienced with data management in Excel, creating critical spreadsheets, SQL, and developing analysis using weighted averages. Interest in strategic risk at large financial institutions as well as excellence in execution, attention to detail and flexibility are essential. Interest in Merger and integration, enterprise-wide risk programs development / management and strategic planning is essential.

As a first line of defense risk professional, this position is responsible for Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. Supports the management of business risks and controls across all risk types along with the execution of risk policies, standards, procedures, and/or program requirements. Provides advisory services to manage risks. Assists communication between the business, the 2nd & 3rd line, and regulators. Helps with influencing the achievement of shared departmental goals.

Responsibilities

• Business Risk & Controls Knowledge and Expertise - Develops and maintains a deep understanding of the complexities inherent in the organization's business environment, including industry markets, products, services, client-base and competitive landscape. Ability to analyze and interpret business trends and drivers to identify underlying patterns, interdependencies and emerging opportunities and risks and operationalize 2nd line requirements for business area. Collaborate with cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
• Business Risk Management Support - Supports the execution and implementation of policies, standards, and procedures with BU associates in alignment with the Company's risk management framework. Aids the business in identifying risks & control gaps. Leads the tracking and resolution of issues across the organization, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop and execute action plans and mitigation strategies to address root causes & prevent recurrence. Monitors the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinates with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives. Supports prioritization and capacity assessment, ensuring resource alignment with strategic objectives and risk management initiatives.
• Regulatory and Internal Audit Engagement - Supports regulatory and Internal Audit inquiries, examinations, and audits in collaboration with internal stakeholders. Assists in the business development of regulatory submissions, response and reporting requirements, driving accuracy, completeness, and timely submission.
• Risk Governance & Reporting - Develops BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Effectively manages and summarizes top and emerging risks and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Advises BRC and/or BU senior leadership in relevant risk governance meetings utilizing understanding of the BU operations, risks, controls and related laws and regulatory guidance. Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk. Drives the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.

Qualifications

Bachelor's Degree and 4 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operations Risk OR High School Diploma or GED and 8 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operations Risk

Additional Requirements:

• Advanced in analytical and data management skills
• Strategic risk interest and experience at a Large Financial Institution
• Experience with Tableau, Excel, and PowerPoint. The candidate should be experienced with data management in Excel, creating critical spreadsheets, SQL, and developing analysis using weighted averages.
• Excellence in execution, attention to detail, and flexibility
• Interest in Merger and integration, enterprise-wide risk programs development / management and strategic planning
• Knowledge of risk techniques, practices, and control frameworks
• Knowledge of various banking and government regulatory requirements and processes
• Knowledge of regulatory guidance pertaining to enterprise risk and operational risk
• Ability to work effectively with associates, senior management and various committees

Skills: Advanced analytical and data management skills communication skills, problem solving, teamwork, project management, conflict management, self-directed work ethic, teamwork

Preferred:

• Advanced Degree in Finance or Risk Management
• Project Management, Internal or External Consulting experience
• License or Certification: CRCM, PMP, CERP, CAMS; ISACA CISA, ISACA CRISC

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits

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