First Line Risk Sr Manager

About the role

The Consumer Banking Risk Management department at Citizens has an immediate opening for a First Line Risk Senior Manager supporting the Private Wealth Management – RIA and Trust Fiduciary businesses. This role involves direct responsibility for Trust products and services across the front-, middle-, and back-office.

Responsibilities

• Identify and mitigate potential risks through the identification, management, and mitigation of the risk and controls environment.
• Represent the first line of defense and serve as an interface to the business to drive meaningful reductions in risk.
• Provide and direct complex analysis on product and customer strategies to establish risk thresholds.
• Proactively review, analyze, and identify emerging risks, escalating to the Senior Director/Director of First Line Risk where appropriate.
• Lead change control efforts to ensure impacts are appropriately assessed, documented, and implemented.
• Develop, manage, and mitigate various types of risk with specific focus on aspects of compliance and operational risk for Wealth Management.
• Integrate activities between Risk, Compliance, and brokerage and Trust fiduciary management Supervision.

Requirements

• Actively engage in the identification, and mitigation of material risks within the organization.
• Support the business in the development and execution of policies and procedures that mitigate various types of risk.
• Execute all components of the risk and compliance program and constantly monitor risks, requirements, policies, and procedures to ensure that risk is effectively managed within its Risk Appetite and complies with regulatory standards.
• Advise, implement, and/or influence internal governance processes. Manage Governance throughout the firm to ensure adherence to policies and procedures.
• Reviews current policies and procedures to identify process gaps and opportunities for improvement.
• Promote a culture of risk awareness and accountability through training, education, and risk management support.

Experience

• 8-10+ years’ experience in Wealth Management Risk Management, Audit, or Compliance.
• 6+ years’ Risk and Compliance experience with advanced Broker-Dealer, Registered Investment Advisor, 12 CFR 9 Trust and Fiduciary business, including exposure to Alternative Investments and 33 and 40 Act programs.
• Expertise in the governance of investment management products and services, including direct support to the Chief Fiduciary and Investment Officer of the firm.
• Accomplished background in brokerage, insurance, investment adviser, and general securities matters required.
• Requires experience in working with multiple regulatory agencies such as FINRA, SEC, State Securities and State Insurance Divisions and Banking Regulatory Agencies.
• Experience with Governance, Risk Management, and Compliance (GRC) platforms, preferably Archer.
• Strong working knowledge and understanding of regulatory and legislative guidelines.
• Experience managing projects including planning, implementation, and reporting.
• Demonstrated interpersonal relationship building, leadership and team facilitation skills.

Key Skills Required

• Risk Management Expertise
• Analytical and Strategic Thinking
• Regulatory and Compliance Knowledge
• Governance and Change Control
• Communication and Stakeholder Engagement
• Project and Program Management
• Policy and Procedure Evaluation
• Team Collaboration

Hours & Work Schedule

4 days in office
Hours per Week: 40
Work Schedule: M-F 8-5

Pay Transparency

The salary range for this position is $117,000-$153,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

Benefits

• Competitive pay
• Comprehensive medical, dental and vision coverage
• Retirement benefits
• Maternity/paternity leave
• Flexible work arrangements
• Education reimbursement
• Wellness programs

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.