Sr. Risk Officer, Third Party Risk Oversight (Remote)

First Citizens Bank; Raleigh (NC); Remote; USD 110,000 - 160,000; Full time

Job summary

A leading financial institution is seeking a Third-Party Risk professional to enhance their risk management framework. This remote role involves developing reporting metrics, collaborating with various stakeholders, and ensuring compliance with regulatory standards. Candidates should have a strong background in operational risk management and experience in governance processes. The position offers competitive compensation and benefits, making it an excellent opportunity for those passionate about risk management in the financial sector.

Qualifications

• 6 years of experience in Enterprise Risk or Operational Risk.
• 10 years of experience with a High School Diploma.

Responsibilities

• Develop and maintain a Third-Party risk governance framework.
• Design and deliver comprehensive risk reports for senior leadership.
• Collaborate with stakeholders to adjust risk appetite.

Skills

Strategic Thinking

Collaboration

Data Interpretation

Communication

Education

Bachelor's Degree

Master's Degree

Job description

Overview

This is a remote role that may be hired in several markets across the United States.

We are seeking an experienced third-party risk professional to report to the Director of Third-Party Risk Oversight (TPRO). This role is critical in implementing and advancing oversight of a robust Third-Party risk framework, ensuring alignment with regulatory requirements and corporate objectives. The ideal candidate will have a strong background in Third Party risk, Third Party resiliency, operational risk management, and data-driven reporting. This position requires strong initiative, strategic thinking, and collaboration skills to support risk management efforts across the company.

This role has key responsibilities for implementing organizational change through the development and execution of the Enterprise Risk Management and Operational Risk Management frameworks.

• Develops and prepares Third Party reporting, metrics, and data to enhance the identification and management of risk.
• Executes monitoring activities and recommends enhancement of frameworks through innovative tools or processes.
• Provide effective challenge of Operational Risk Events, Loss Monitoring, and Risk Acceptances.
• Develops collaborative partnerships with internal departments, external auditors, regulatory agencies, and other stakeholders to enhance cross-functional risk management capabilities.
• Builds influential relationships with senior management within business units and supports escalation to board committees.
• Effectively support one or more of the following Third-Party Risk Oversight activities:
  • Oversight of Cyber Risk Events and Third-Party vulnerabilities.
  • Execution of Third- and Fourth-Party oversight through committees, councils and working groups.
  • Collaboration in the development of approaches for evolving risks such as Artificial Intelligence, Fintech, and Third-Party Resiliency.
  • Execution of reviews over New Products and Services involving Third Parties.
  • Facilitation of Regulatory and Internal Audit requests and exams.

Responsibilities

• Governance
• Develop, implement, and maintain an effective Third-Party risk governance framework that aligns with regulatory and industry standards.
• Assist in the monitoring and effective challenge of risk governance processes, ensuring consistent risk management practices.
• Aid in routines associated with effective committee management and outcomes.
• Risk Appetite and Framework
• Maintain the management processes to support the ongoing reporting of and efficacy of the organization's operational risk appetite.
• Ensure alignment between risk appetite and strategic goals, fostering a balanced approach to risk taking.
• Collaborate with stakeholders to review and adjust risk appetite as needed, ensuring responsiveness to evolving internal and external conditions.
• Risk Reporting
• Design and deliver comprehensive risk reports, dashboards, and analytics for senior leadership and board-level reporting.
• Enhance reporting capabilities to provide actionable insights into risk exposure, emerging risks, and key trends.
• Establish and manage the processes to ensure data accuracy, consistency, and transparency in all risk-related reporting and communications.

Qualifications

Bachelor's Degree and 6 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting OR High School Diploma or GED and 10 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting

Preferred Qualifications:

• Master's degree in finance, Business Administration, or a related field
• 5+ years of experience in operational risk management, governance, or related roles.,
• In-depth knowledge of Third-Party risk, risk appetite methodologies, and regulatory requirements.
• Proven experience in risk reporting and analytics, with strong data interpretation and communication skills.
• Background in Third Party resiliency or Third-Party cyber risks preferred.
• Experience with building out new processes, documenting procedures and monitoring successful execution of activities.
• Exceptional communication, collaboration, and strategic thinking abilities.
• Strong understanding of the financial services industry, operational processes, and risk mitigation techniques.

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $110,000.00 and $160,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.