Business Risk Advisor (Hybrid) | Raleigh, NC, USA

First Citizens Bank is seeking a Business Risk Advisor for a hybrid role in Raleigh, NC. This position involves managing business risks, supporting risk management policies, and collaborating with cross-functional teams. Responsibilities include analyzing business trends, aiding in regulatory compliance, and developing risk reports. The role requires effective communication with various stakeholders to ensure alignment with risk governance objectives and timely issue resolution.
Business Risk Advisor (Hybrid)

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

As a first line of defense risk professional, this position is responsible for Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. Supports the management of business risks and controls across all risk types along with the execution of risk policies, standards, procedures, and/or program requirements. Provides advisory services to manage risks. Assists communication between the business, the 2nd & 3rd line, and regulators. Helps with influencing the achievement of shared departmental goals.

Responsibilities

• Business Risk & Controls Knowledge and Expertise - Develops and maintains a deep understanding of the complexities inherent in the organization's business environment, including industry markets, products, services, client-base and competitive landscape. Ability to analyze and interpret business trends and drivers to identify underlying patterns, interdependencies and emerging opportunities and risks and operationalize 2nd line requirements for business area. Collaborate with cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
• Business Risk Management Support - Supports the execution and implementation of policies, standards, and procedures with BU associates in alignment with the Company's risk management framework. Aids the business in identifying risks & control gaps. Leads the tracking and resolution of issues across the organization, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop and execute action plans and mitigation strategies to address root causes & prevent recurrence. Monitors the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinates with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives. Supports prioritization and capacity assessment, ensuring resource alignment with strategic objectives and risk management initiatives.
• Regulatory and Internal Audit Engagement - Supports regulatory and Internal Audit inquiries, examinations, and audits in collaboration with internal stakeholders. Assists in the business development of regulatory submissions, response and reporting requirements, driving accuracy, completeness, and timely submission.
• Risk Governance & Reporting - Develops BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Effectively manages and summarizes top and emerging risks and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Advises BRC and/or BU senior leadership in relevant risk governance meetings utilizing understanding of the BU operations, risks, controls and related laws and regulatory guidance. Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk. Drives the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.
Qualifications

Bachelor's Degree and 4 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operations Risk OR High School Diploma or GED and 8 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operations Risk

Preferred Area of Study: Finance or Risk Management

Preferred Area of Experience: Project Management, Internal or External Consulting License or Certification Type: CRCM, PMP, CERP, CAMS; ISACA CISA, ISACA CRISC

PreferredSkill(s): 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.

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