Principal Business Risk Program Manager

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. This role will be located in Charlotte, Raleigh, NC or Phoenix, AZ.

Principal Business Risk Program Manager acts as a subject matter expert and is responsible for supporting, executing and coordinating the RCSA and Controls Assurance risk transformation initiatives within a Business Unit (BU), adhering to the Bank's Risk Appetite and Corporate Strategy. This role is response for partnering with the BU for all related RCSA activities, ensuring core processes are documented and controls are identified in alignment with program standards. Partner with stakeholders to develop action plans to address deficiencies, providing recommendations to strengthen risk and control environment. Facilitates and/or monitors execution of RCSA and Controls Assurance risk policies, standards, procedures, and/or program requirements and prepares Business Unit specific training and procedures. Serves as an effective communication channel between the Risk Management Department, regulators, and FCB BUs. Influences cross-functionally without direct authority. May oversee the work of others and/or act as a mentor.

• Business Risk & Controls Knowledge and Expertise - Demonstrates an expert understanding of the complexities inherent in the organization's business environment, including industry markets, products, services, client-base and competitive landscape. Interprets business trends and drivers to identify and communicate underlying patterns, interdependencies and emerging opportunities and risks. Partners with cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
• Risk Program Execution - Oversees the BU's risk management framework and composition and regular maintenance of policies, standards and procedures that support risk program execution. Leads risk assessments to evaluate and manages key risks across the BU. Manages book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives. Leads the tracking and resolution of issues across the organization, ensuring timely escalation and remediation. Oversees the status of effectiveness of issue remediation efforts and the production of regular metric-focused and thematic updates and reports to senior management. Partners with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives.
• Regulatory Engagement - Participates in regulatory inquires, examinations, and audits in collaboration with internal stakeholders. Coordinates regulatory submissions, response, and report requirements, ensuring accuracy, completeness, and timely submission. Monitors regulatory developments and findings and assesses their potential impact on the organization's risk profile and regulatory compliance.
• Risk Governance & Reporting - Design and implement risk reporting frameworks, dashboards and metrics to provide senior management with timely and actionable insights into risk profile and risk management activities. Manage the production of regular risk reports and presentations that summarizes key risk indicators, risk trends, emerging risks, and risk mitigation efforts for financial and non-financial risk stripes. Oversee the effectiveness of risk reporting processes and tools, identifying areas of optimization. Facilitate governance (i.e. Forums) and communication routines with the BU team to ensure appropriate distribution of risk program related information.

Bachelor's Degree and 10 years of experience in Financial Services and First Line Risk Management, Enterprise Risk or Operational Risk OR

High School Diploma or GED and 14 years of experience in Financial Services and First Line Risk Management, Enterprise Risk or Operational Risk

Preferred Qualifications:

• Advance Degree

• Facilitated or led RCSA engagements

• Knowledge of risk techniques, practices, and control frameworks
• Knowledge of various banking and government regulatory requirements and processes
• Knowledge of regulatory guidance pertaining to enterprise risk and operational risk
• Ability to work effectively with associates, senior management and various committees

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.