AVP, Business Risk and Controls- Commercial Finance (hybrid)

$85,000 - $125,000/Yr

First Citizens Bank And Trust Company - Morristown, NJ

Full-time - Mid Level

Hybrid - Morristown, NJ

Credit Intermediation and Related Activities

About the position

The AVP, Business Risk Process Analyst III will act as a subject matter expert for the Commercial Finance Division at First Citizens Bank. This hybrid role involves implementing and executing business processes and operational controls to meet risk and regulatory obligations. The individual will support execution teams in managing risk and control activities, including Risk and Control Self-Assessment (RCSA), issue management, and compliance testing.

Responsibilities

• Accountable for business process implementation in FCB Commercial Finance First Line of Defense (FLOD) execution teams.
• Assess business risk and implement processes and controls, ensuring FLOD understanding and accountability.
• Ensure business processes and operational controls meet risk program and regulatory obligations.
• Provide execution support for all testing activities and drive business process improvements based on control testing outputs.
• Partner with management to identify trends and symptoms of business process breakdowns.
• Establish change management processes to support FLOD readiness and execution.
• Coordinate and execute FLOD risk and control activities.
• Review, design, and implement policies and procedures; manage issue and audit management.
• Address control and compliance testing results, risk program reports, operational risk events, customer complaints, audit findings, and supervisory reports with FLOD teams.
• Execute RCSA activities, ensuring core processes are documented and controls identified; develop action plans for control deficiencies.
• Facilitate FLOD sessions to build process maps identifying controls, gaps, and mitigants.
• Facilitate risk and control discussions with FLOD Commercial Finance execution teams.
• Support business teams during exams and audits, ensuring FLOD readiness for new/changing processes.
• Proactively identify opportunities to strengthen the control environment.

Requirements

• Bachelor's Degree and 2 years of experience in operational, strategic, and reputational risk management at a leading financial institution OR High School Diploma/GED and 6 years of experience in the same field.
• 5 years of operational, strategic, and reputational risk management experience at a leading financial institution (preferred).
• Experience in supporting risk within Commercial Banking and Commercial Finance.
• Experience identifying reputational, strategic, compliance, technology, and operational risks.
• Experience with control testing, including SOX and compliance testing.
• Experience with post-closing credit files.
• Experience assessing adequacy of controls and recommending improvements.
• FLOD/SLOD experience in business and operations management within a large financial institution.
• Experience with compliance and controls testing of Lending Middle Office procedures and functions.
• Experience developing presentations and presenting to Senior Leadership or Committees.

Benefits

• Comprehensive benefits program for full-time associates (20+ hours) with customized offerings to support families.