Sr Mgr Non Financial Risk Oversight - Private Bank
Citizens Bank
- Johnston, RI
- Permanent
- Full-time
- Partner and collaborate for success with management, Risk, and Legal colleagues to ensure timely identification, mitigation, resolution and reporting/escalation of existing, emerging and upstream risks and issues.
- Drive accountability, and work with business units to ensure a strong Risk and Compliance culture and control environment awareness.
- Serve as an independent advisor to the business unit and risk management; participate in business management, risk and strategy meetings and provide risk advice, update on risk developments and report on risk profile to respective Oversight Head.
- Drive risk identification, assessment and quantification, aggregation reporting, monitoring and control improvement for product /capability groups and client and industry infrastructure. This includes ensuring the risk management framework, processes and practices executed comply with internal policy and US Regulatory requirements and expectations.
- Provide day to day support to Non-Financial Risk leadership with knowledge and expertise on the appropriate implementation of Regulations, Rules and industry standards through procedures, other guidelines, and industry best practices.
- Provide regulatory expertise and solutions on complex risk and compliance issues based upon understanding of business unit's activities and products.
- Advise and challenge the Business in regards to issue and exposure identification, quantification and action plan design to address the relevant risk.
- Research and analyze risk trends and industry benchmarking to prepare for and monitor upstream risks and issues while reporting to executive management at Business Line Risk Committees, as appropriate, on effective mitigation strategies.
- As a key individual contributor, drive engagement within the team to ensure the business unit remains current with risk frameworks in a well controlled environment in tandem with Citizens' strategic goals as well as industry best practices.
- Demonstrate capabilities associated with stakeholder management, influence, motivation, and oversight to enable effective challenge to the Business Division(s).
- Take a proactive approach to advance teamwork, transparency, and accountability.
- In tandem with other Non-Financial Risk partners, as appropriate, develop and review Nonfinancial Risk policies and business procedures, and new business initiatives to ensure a strong Nonfinancial Risk control environment is adhered to as the business: develops, launches, sells and processes products and services.
- Establish and continuously improve upon framework implementation strategy with Business management, Business Unit risk management, and other Risk colleagues to ensure an open, adequate and effective risk mitigation culture.
- Ensure appropriate exam outcomes through exam management protocols.
- Maintains strong relationships with the second line of defense, Internal Audit and the Regulators.
- 8+ years experience Risk management experience from working in financial services industry
- Experience in an organization that is under strong regulatory oversight and scrutiny
- Proven ability to develop and maintain high impact relationships with senior executives
- Expert knowledge of internal controls and risk assessment
- Deep understanding of banking products and operations; regulatory requirements; and key processes, controls and exposure areas
- Decisiveness and sound judgment on a consistent basis
- Capacity to challenge status quo
- Influencing and conflict resolution skills
- Excellent business writing skills
- Proven leadership and management skills in a professional environment
- Proficient use of MS Word, MS Excel and PowerPoint and Visio
- Bachelor Degree Required
- Masters Degree Preferred
- Certifications Preferred: Certified Internal Auditor, Certified Regulatory Compliance Manager, Certified Fraud Examiner, Certified Public Accountant, Certified Investments Derivative Auditor, Project Management Professional, Certified in Risk and Information System Controls, or other relevant risk certifications
- Hours per Week: 40
- Work Schedule: Monday - Friday