Senior Business Risk & Controls Advisor - CRA (Remote)

First Citizens; Raleigh (NC); Remote; USD 80,000 - 100,000; Full time

Job summary

A leading financial institution seeks a risk or compliance expert for the Community Reinvestment Act. The role involves managing business risks, supporting compliance, and engaging with regulatory bodies. Candidates should have significant experience in risk management and grant processes. This remote position offers a comprehensive benefits program tailored to associates' needs.

Benefits

Comprehensive Benefits Program

Qualifications

• 6 years experience in Financial Services or 10 years with High School Diploma.
• Experience in Community Reinvestment Act and CRA processes.

Responsibilities

• Oversee risk management strategies ensuring key risks are managed.
• Support execution of policies and procedures with BU associates.
• Participate in regulatory and Internal Audit inquiries.

Skills

Risk Management

Compliance

Community Reinvestment Act

Grant Management

Philanthropy

Data Visualization

Communication

Education

Bachelor's Degree

High School Diploma or GED

Tools

Tableau

Visio

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

We are looking for a risk or compliance subject matter expert in the Community Reinvestment Act and CRA processes including community development grants management, and philanthropy in a large financial institution. To be successful in the role the candidate should have extensive experience and expertise with CRA and grant management. This is a highly regulated environment, and the candidate should be highly knowledgeable in the subject matter. The candidate will also have exposure to projects in other areas of the Strategy Organization and supported by this team, such as strategic planning, M&A and integration, enterprise project management, Sustainability, Enterprise Change Management and Process Engineering.

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. Enables and/or monitors execution of risk policies, standards, procedures and/or program requirements. Provides advisory services to manage risks. Facilitates effective communication between the business, the 2nd & 3rd line, and regulators. Influences achievement of shared department goals. Acts as a mentor to associates.

Responsibilities

Risk Strategic Activities - Works with Business Risk & Controls leader and senior management to oversee risk management strategies ensuring key risks are appropriately managed and are aligned. Provides BU risk considerations for business/strategic plans. Reviews and challenges risk programs outputs, ensuring bank, framework, and regulatory alignment.

Business Risk Management Support - Supports the execution an 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 on 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. Maintains and utilizes a deep understanding of the complexities inherent in the organization’s business environment, including industry markets, products, services, client-base and competitive landscape. Interpret 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.

Regulatory and Internal Audit Engagement - Participates in regulatory and Internal Audit inquiries, examinations, and audits in collaboration with internal stakeholders. Support the business development of regulatory submissions, response and reporting requirements, driving accuracy, completeness, and timely submission. Monitor regulatory developments and findings and assess their potential impact on the organization’s risk profile and regulatory compliance.

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 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 6 years experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk OR High School Diploma or GED and 10 years experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk

Preferred:

• Experience in risk or compliance, specifically in Community Reinvestment Act and CRA processes, including community development grants management, and philanthropy at a large financial institution
• Experience with Tableau, Visio or other data visualization software
• Area of study in Finance or Risk Management or Internal Audit (CIA)
• 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

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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