Business Risk Process Manager (Product Management)

$106,432 - $184,482/Yr

First Citizens Bank - Cottonwood Heights, UT

Full-time

Cottonwood Heights, UT

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

• Serve 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.
• Generate, analyze, and utilize BU Risk Reports to identify potential risks that may impact the BU and provide any needed clarification.
• Continuously track and report on key indicators and limits and ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF).
• Assist in the review and enhancement of internal controls, ensuring control testing is in place and results are in line with the Control Standards.
• Assess impact and provide education around current and emerging issues and regulatory requirements with senior management and BU key stakeholders.
• Participate in mandatory risk training and educate BU personnel on key risk programs and topics.
• Maintain and utilize a strong understanding of business operations, risks, controls, and related laws and regulatory guidance.
• Support the BU's participation in relevant risk governance group meetings.
• Monitor and ensure the incorporation of Risk Limits into core BU processes.
• Provide necessary feedback and coordinate on relevant governance documents to support BU activities and manage risk.
• Prepare for external audits and provide materials to regulators.
• Work 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 designed to meet associates where they are in life, including customized offerings to support families.