Senior Risk Officer, Model Lifecycle Inventory Oversight

First Citizens Bank hiring for Senior Risk Officer, Model Lifecycle Inventory Oversight jobs in Lillington, NC, US

This is a remote role that may be hired in several markets across the United States.

This role is responsible for analyzing risks within Enterprise Risk Management (ERM) and assisting senior management in managing those risks. Employs comprehensive knowledge of risk management techniques, practices, and procedures as well as various banking regulatory requirements and processes. Works closely with regulators for continuous monitoring and exam management, business units, and enterprise-wide business support groups to manage cross-functional issues associated with risk. This role is responsible for maintaining influential relationships with senior management across the Three Lines of Defense, and providing support for management and board committees. Maintains effective and productive external relationships. May have responsibility for managing and developing associates in the work group.

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 model lifecycle, inventory management, and reporting. The specific responsibilities will include:

• Design and develop improvements to MRM’s processes to improve overall efficiency of model 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 model lifecycle stages, including:

• Identification and risk tiering of models across the Bank,
• Vendor model or new products due diligence and onboarding
• Communications between MRM Leadership Team and relevant stakeholders to define applicable monitoring, efficiency metrics, and escalatory processes.
• Model Inventory Attestation
• Management of model change requests
• Management of validation findings
• Quality Assurance Reviews
• Supporting regulatory and audit requests including write ups when necessary   

• Drive MRM model 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

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

Preferred Education: Advanced Degree

License or Certification Type: null

Skill(s): 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

This job posting is expected to remain active for 15 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.

The base pay for this position is generally between $130,000.00 and $175,000.00 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits