Business Risk Process Manager (Product Management)

$106,432 - $184,482/Yr

First Citizens Bank - San Francisco, CA

Full-time

San Francisco, CA

Credit Intermediation and Related Activities

About the position

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. The position is open to work hybrid from an office in Boston, Chicago, NYC, Phoenix, Salt Lake, Santa Clara, and SFO. This role is part of the Commercial Bank Product organization and is responsible for consulting with, educating, and supporting the execution of first line risk programs. The goal is to promote an environment of risk awareness and risk ownership across the Bank while adhering to the Company's Risk Appetite and Corporate Strategy. The position involves participating in risk identification and assessment processes, as well as risk-related training and procedure development. It is crucial to ensure timely identification and escalation of risks and issues, consulting with Business Unit (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.

Responsibilities

• 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.
• Assesses impact and provides education around current and emerging issues and regulatory requirements with senior management and BU key stakeholders.
• Participates in mandatory risk training and educates BU personnel on key risk programs and topics.
• 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.

Requirements

• Bachelor'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.
• 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.

Benefits

• Comprehensive benefits program for full-time associates (20+ hours) with customized offerings designed to support families.
• Variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.