Description
The Senior Risk Manager, Capital Markets and Advisory is a key role on the Commercial Banking Risk team, which is a front-line unit risk function. The Senior Risk Manager will support the securities capital markets businesses of Citizens, which sits within its institutional broker-dealer entity. These businesses include the fixed income underwriting and sales and trading and equity securities underwriting and sales & trading businesses that operate within Citizens Capital Markets and Advisory. The Senior Risk Manager is responsible, along with business unit management and under the guidance and supervision of a Risk Director, for establishing and monitoring all aspects of material risk related to the businesses that they cover. Determines if actions need to be taken to strengthen risk management or reduce risk given performance against the business unit's risk profile and tolerances. The Senior Risk Manager is responsible for maintaining an effective end to end risk management program including risk identification, assessment and quantification, aggregation reporting, monitoring and control improvement. This includes ensuring the risk management framework, processes and practices executed comply with internal policy and applicable regulatory requirements and expectations. Ensures appropriate exam outcomes through exam management protocols. Maintains strong relationships with business leaders, support staff, Independent Risk Management, and Internal Audit.
Responsibilities Include (but are not limited to):
· Executes all aspects of the Front-Line Unit risk management program and assesses, on an ongoing basis, the material risks associated with the businesses in scope, including the way products are developed, launched, sold and processed end to end. Determines if actions need to be taken to strengthen risk management or reduce risk given performance against the business unit's risk profile and tolerances.
· Develops and maintains an effective end to end Risk Management program including control effectiveness measures, including execution of Risk and Control Self-Assessments (RCSA).
· Responsible for issue management including partnering with business leaders to develop action plans that will deliver intended outcomes within defined timelines while identifying themes and related holistic remediation plans.
· Provides day to day support to the business unit, providing knowledge and expertise on the appropriate implementation of Regulations, Rules and industry standards through procedures, other guidelines, and industry best practices. Provides regulatory expertise and solutions on complex risk and compliance issues based upon understanding of business unit's activities and products. Also acts as technical subject matter expert on one or more business processes or regulatory areas related to businesses in scope.
· Ensures appropriate exam outcomes through exam management protocols. Maintains strong relationships with Independent Risk Management and Internal Audit.
· Executes change governance risk assessment processes for in-scope product related initiatives to meet corporate, divisional and business line objectives.
· Advise on new products, initiatives and strategies from a risk and control perspective; guide the business unit(s) through the various governance approvals related to new initiatives; liaise with other risk areas and operations to ensure processes are designed with proper controls; and advocate on the business lines behalf to ensure effective and timely incorporation of risk management into everyday operations.
· Research methodologies for efficiencies and automation, pertaining to capital markets risk reporting
· Give guidance to junior analysts, relative to issue management and control inventory for broker-dealer activities
Experience and Skills:
· Strong knowledge of internal controls and risk assessment requirements of US financial institutions, including OCC Heightened Standards
· Knowledge of securities underwriting, sales, and trading risk management practices and regulatory requirements, along with supporting operations, key processes, controls, and common risk exposures
· Experience in an organization that is under strong regulatory oversight and scrutiny, preferably under markets (SEC/FINRA) and bank (FRB/OCC) regulatory agencies.
· Decisiveness and sound judgment on a consistent basis
· Develop and maintain high impact relationships with business contacts and independent risk management
· Excellent business writing skills
· Project management skills to support multiple complex assignments on behalf of various stakeholders
· Proficient use of MS Word, MS Excel and PowerPoint and Visio
Education and Certifications:
· 5+ years Risk management or equivalent experience gained from working in a bank-affiliated broker-dealer business, risk, or compliance function, including experience with articulation and assessment of key control adequacy and effectiveness.
· Bachelor's degree required
· Current or lapsed FINRA SIE (or equivalent) or Series 7 licensing preferred
· Graduate degree or relevant professional designation preferred
Hours & Work Schedule:
Hours per Week: 40
Work Schedule: M-F 8-5
Hybrid - 3 days in the office, 2 working from home
Pay Transparency:
The salary range for this position is $112,000 - $160,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
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Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens), provides 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, transgendered and transitioning individuals, 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. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.
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.
04/30/2025
