Description

As the First Line Risk Manager, you will represent the First Line of Defense and play a key role in identifying, managing, and mitigating the risk and compliance control environment. You will develop practical solutions to improve the risk management process at the bank by utilizing ongoing risk assessment processes (both formal and informal) to identify areas for enhancement. You will collaborate with business lines to define and implement risk and remediation activities, and track events to ensure appropriate action is being taken. You will work closely with the Sr Manager of First Line Risk and other risk Officers to organize and initiate investigations into control failures and related issues. This role will support change control efforts by assessing and documenting when applicable. Additionally, you should maintain up to date knowledge of regulatory, statutory, and legislative requirements for risk management and controls to ensure compliance with all applicable requirements.

Primary responsibilities include:

• Identify, measure, and strategize on mitigation of material risks in the organization. Support business line projects by analyzing and quantifying risks and developing remediation plans.

• Tracking, escalation and remediation of issues impacting risk and controls. Provide explanations for daily risk movements. Identify potential trouble spots and researching issues to closure.

• Participate in the testing, validation, and implementation of initiatives to maintain oversight and control of potential risks

• Maintain up-to-date understanding of regulatory, statutory and legislative requirements for risk management and controls..

Qualifications:

• 4+ years Risk Management Experience, preferably in a Swap Dealer setting.

• Experience in business domains such as risk management.

• Effective project management and analytical skills

• Demonstrated experience supporting and/or leading risk projects.

• Understanding of the regulatory environment and how the risks of the derivatives and foreign exchange products and services Citizens offers are viewed by the Second Line of Defense and regulators (FRB/OCC/CFTC/NFA).

• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

• Ability to use data and metrics to back up assumptions, recommendations and drive actions

• Ability to build and expand trusting relationships and partnerships

• Strong interpersonal and team building skills

  Education:

• Bachelor’s degree Required

Hours & Work Schedule: Hybrid - 3 days in the office, 2 working from home;

• Hours per Week: 40

• Work Schedule: Monday- Friday

• Office Location: Boston MA

  #LI-CITIZENS2

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. 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 (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), 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.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.