VP, Senior Manager Business Risk and Controls - Commercial Finance (hybrid)

First Citizens Bank And Trust Company - Morristown, NJ

Full-time - Senior

Hybrid - Morristown, NJ

Credit Intermediation and Related Activities

About the position

The VP, Senior Manager Business Risk and Controls for Commercial Finance at First-Citizens Bank & Trust Company is a hybrid role responsible for overseeing the implementation and execution of business processes and operational controls within the Commercial Finance Division. This position ensures that all processes meet risk and regulatory obligations while supporting execution teams in managing risk and control activities. The role requires a strong focus on risk assessment, compliance testing, and continuous improvement of business processes.

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.
• Ensure FLOD understanding and accountability for business risk and supporting processes.
• Ensure business processes and operational controls meet risk program and regulatory obligations.
• Provide execution support of all testing activities performed, and drive business process improvements based on outputs of control testing.
• Partner with manager to identify trends and/or symptoms of business process and operational breakdowns.
• Establish change management processes to support FLOD readiness and execution.
• Coordinate and execute FLOD risk and control activities, including review, design, and implementation of policies and procedures.
• Manage issue and audit management, including evidence review and closures.
• Partner with FLOD teams to address control and compliance testing results, risk program reports, operational risk events, customer complaints, audit findings, and supervisory reports.
• Execute Risk and Control Self-Assessment (RCSA) activities ensuring core processes are documented and controls are identified.
• Develop action plans to address control deficiencies, providing recommendations to strengthen controls and FLOD execution.
• Facilitate FLOD sessions to build process maps to identify controls, gaps/issues, and mitigants.
• Work in conjunction with Commercial Finance Underwriting, Portfolio Management, and the Lending Middle Office to facilitate risk and control discussions.
• Ensure FLOD readiness to execute against new/changing processes and proactively identify opportunities to strengthen the control environment.

Requirements

• Bachelor's Degree and 6 years of experience in operational, strategic, and reputational risk management OR High School Diploma or GED and 10 years of experience in operational, strategic, and reputational risk management.
• 8+ years in a senior business & operations management position in a leading financial institution (preferred).
• Risk and Controls experience within a financial institution.