Senior Risk Officer - Model Risk

About the position

The Senior Risk Officer - Model Risk at First Citizens Bank is responsible for analyzing and managing risks within the Enterprise Risk Management (ERM) framework. This remote role requires a comprehensive understanding of risk management techniques and banking regulatory requirements. The officer will work closely with senior management, regulators, and various business units to address cross-functional risk issues, maintain relationships across the Three Lines of Defense, and support management and board committees. Additionally, the role may involve managing and developing associates within the team.

Responsibilities

• Develops new types of enterprise risk processes, analyses, and models as necessary.
• Identifies, evaluates, and plans strategies for improving risk management.
• Validates quantitative and qualitative risk measures.
• Maintains a strong knowledge of new and evolving risk management developments and industry changes.
• Assesses existing controls and works with management to comply with testing requirements.
• Identifies control deficiencies, monitors remediation of control deficiencies, and reports control issues to management.
• Prepares written reports for management review and approval.
• Communicates risk vision and regulatory requirements to stakeholders.
• Develops relationships and remains active within professional networks to stay abreast of current and emerging issues.
• Manages the recruitment, training, and development process for assigned associates.
• Provides guidance on governance practices by establishing work performance standards, on-the-job training, and other educational efforts.
• Provides day-to-day oversight of staff, including accountability for ensuring work product quality.
• Partners with business units to ensure implementation of and compliance with program policies and standards.
• Leads development and implementation of organizational training relating to ERM programs.
• Promotes risk awareness with stakeholders across the Bank through risk presentations, workshops, and roadshow materials.
• Develops and implements supporting business unit procedures as necessary.
• Provides support for other Enterprise & Operational Risk Management programs and initiatives such as risk control self-assessments, operational risk event reporting, and other activities.
• Participates as a risk advisor on project teams or committees to offer guidance related to risk best practices, processes and regulatory requirements.
• Works closely with Internal Audit and numerous regulatory agencies.
• Manages preparation activities for Internal Audit and regulatory exams, and participates in related meetings.

Requirements

• 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.
• 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.