Risk Officer II, Model Risk Governance (Remote) Position Available In Wake, North Carolina
Tallo's Job Summary:
Job Description
Overview This is a remote role that may be hired in several markets across the United States. This Second Line of Defense role is responsible for assessment and oversight of risks taken by the Bank at an advanced level of ability. Oversees First Line of Defense activities through objective risk assessment, effective challenge, monitoring, and reporting of the Bank’s Risk Profile, including top and emerging risks. Provides leadership, consultation, and support for risk management techniques, practices, and procedures that protect the Bank from loss or exposure. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of new or existing risks. Assists in the review and enhancement of internal controls. Maintains a strong knowledge of new or emerging risk management techniques and trends through professional networking and industry involvement. Develops collaborative partnerships with internal departments, external auditors, regulatory agencies, and other stakeholders to support the company’s Risk Management Framework. May provide guidance to less experienced associates in the department. Responsibilities You will be a part of FCB’s Model Governance team within the Model Risk Management (MRM) department and will be responsible for leading a variety of activities around the life cycle of Non-Model Quantitative Tools lifecycle.
The specific responsibilities will include:
Design and develop improvements to MRM’s processes to improve overall efficiency of Non-Model Quantitative Tool lifecycle activities. Support cross functional initiatives. Collaborate with colleagues, industry peers, and functional teams to continually improve operational and project management capabilities. Manage execution of a broad range of tool lifecycle stages, including: Identification and risk tiering of Non-Model Quantitative Tools across the Bank, Vendor or new products due diligence and onboarding Communications between MRM Leadership Team and relevant stakeholders to define applicable monitoring, efficiency metrics, and escalatory processes. Inventory Attestation, Changes, and Quality Assurance Reviews Supporting regulatory and audit requests including write ups when necessary Control design and control testing Drive MRM tool review working group meetings. Create clear and concise status summaries with action items. Support maintenance of MRM Policy, Standards, Procedures, Templates, and system workflows. Manage and implement changes to model risk management controls including design and execution. Create and maintain internal and Executive Level dashboards and metrics for reporting across project deliverables. Interface with stakeholders outside of MRM including Regulatory Relations, Internal Audit and Project Management Office. Develop training materials and conduct stakeholder training and support. Facilitates communication and builds effective working relationships with key business stakeholders and risk owners. Qualifications Bachelor’s Degree and 6 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting OR High School Diploma or GED and 10 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting Preferred Qualifications Master’s degree or Advanced Degree in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting Exceptional communication skills, both written and verbal. Experience working at a Large Financial Institution that adheres to SR 11-7 guidelines Expertise in broad range of tool lifecycle stages Advanced control design and control testing experience This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate . Job postings may come down early due to business need or a high volume of applicants. T he base pay for this position is generally between $110,000.00 and $155,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
Qualifications:
Bachelor’s Degree and 6 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting OR High School Diploma or GED and 10 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting Preferred Qualifications Master s degree or Advanced Degree in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting Exceptional communication skills, both written and verbal. Experience working at a Large Financial Institution that adheres to SR 11-7 guidelines Expertise in broad range of tool lifecycle stages Advanced control design and control testing experience This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate . Job postings may come down early due to business need or a high volume of applicants. T he base pay for this position is generally between $110,000.00 and $155,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
