First Line Risk Sr Manager Wealth Investment Management & Due Diligence

Citizens Bank - Tarrytown, NY

Full-time - Mid Level

Tarrytown, NY

Credit Intermediation and Related Activities

About the position

Consumer Banking Risk Management has an immediate opening for a First Line Risk Senior Manager supporting our Private Wealth Management - RIA and Trust Fiduciary businesses. This role carries direct responsibility for the front-, middle-, and back-office products and services, including the investment management and due diligence risk governance processes. The ideal candidate must possess a strong and in-depth knowledge of RIA Investment Management, including the rules, regulations, and operational processes, as well as expertise in governing and managing the full investment management and due diligence lifecycle. As the First Line Risk Senior Manager, you will represent the first line of defense and be tasked with identifying and mitigating potential risks through the management of the risk and controls environment. This position serves as an interface to the business, driving meaningful reductions in risk. You will provide and direct complex analysis on product and customer strategies to establish risk thresholds. Your responsibilities will include proactively reviewing, analyzing, and identifying emerging risks, escalating to the Senior Director/Director of First Line Risk when appropriate. You will collaborate with the Director to adhere to internal governance processes and controls for existing and new risk strategies, providing suggestions for remediation. Additionally, you will lead change control efforts to ensure that impacts are appropriately assessed, documented, and implemented. In this role, you will develop, manage, and mitigate various types of risk, with a specific focus on compliance and operational risk for Wealth Management. This includes managing material risk related to how Wealth Management develops, launches, sells, and processes products and services. The First Line Risk Senior Manager will integrate activities between Risk, Compliance, and brokerage and Investment management Supervision. Experience in developing Private Wealth risk and compliance programs for dual-registered Broker-Dealer/Registered Investment Advisor, and RIA serving ultra-high net worth clients, as well as exposure to Alternative Investments and 33 and 40 Act programs, is essential. At Citizens, we pride ourselves on being more than just a bank; we offer a fulfilling career with exciting challenges and opportunities for personal and professional growth.

Responsibilities

• Actively engage in the identification and mitigation of material risks within the organization.
• Support the business in the development and execution of policies and procedures that mitigate various types of risk.
• Execute all components of the risk and compliance program and constantly monitor risks, requirements, policies, and procedures to ensure that risk is effectively managed within its Risk Appetite and complies with regulatory standards.
• Advise, implement, and/or influence internal governance processes. Manage Governance throughout the firm to ensure adherence to policies and procedures.
• Review current policies and procedures to identify process gaps and opportunities for improvement.
• Promote a culture of risk awareness and accountability through training, education, and risk management support.

Requirements

• 6-8+ years' experience in Wealth Management Risk Management, Audit, or Compliance.
• 6+ years' Risk and Compliance experience with advanced Broker-Dealer, Registered Investment Advisor, 12 CFR 9 Trust and Fiduciary business, including exposure to Alternative Investments and 33 and 40 Act programs.
• Subject matter expertise in the governance of investment management products and services, including direct support to the Chief Fiduciary and Investment Officer of the firm.
• Accomplished background in brokerage, insurance, investment adviser, and general securities matters required.
• Requires experience in working with multiple regulatory agencies such as FINRA, SEC, State Securities and State Insurance Divisions and Banking Regulatory Agencies.
• Experience with Governance, Risk Management, and Compliance (GRC) platforms, preferably Archer.
• Strong working knowledge and understanding of regulatory and legislative guidelines.
• Experience managing projects including planning, implementation, and reporting.
• Demonstrated interpersonal relationship building, leadership and team facilitation skills.
• Ability to work in a fast-paced environment with competing priorities.
• Excellent communications skills, both written and verbal is a must.

Benefits

• Customer-centric culture built around helping customers and giving back to local communities.
• Access to training and tools to accelerate potential and maximize career growth.