Credit Review Regulatory Business Manager (Remote)

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

Credit Review (CR) is a key department within First Citizens Bank's (FCB's, or the Bank's) second line of defense (TLOD). Its mission is to provide executive management and the Board of Directors with an independent view of asset quality and credit risk management practices effectiveness across business units and support functions that originate or manage credit exposure. The team is comprised of risk management professionals with deep credit analysis, product knowledge, and transaction skills and experiences across various asset classes, industries, and stages of the client lifecycle.

Job Summary:

The Senior Business Analyst/Credit Review Regulatory Business Manager position is a key contributor role that provides the incumbent with diverse exposure across the Bank's Credit Organizations spanning all three lines of defense. The position will be responsible for performing second line independent effective challenge of remediation for credit related regulatory issues. Working in close collaboration with CR's leadership team, the CR Regulatory Business Manager will assess remediation activities planned and performed by first and second line teams and provide feedback to assist teams in successfully addressing regulatory concerns. This includes advising first and second lines teams throughout the regulatory issue lifecycle, in addition to tracking performance of remediation activities and review of completed materials. The CR Regulatory Business Manager will also contribute to CR's interactions with internal Regulatory and Audit functions, as well as external supervisory agencies.

• Maintain knowledge of outstanding Credit related regulatory issues, understanding regulatory expectations and the expected deliverables needed to address an issue.
• Partner with 1LOD and 2LOD stakeholders in remediation plan formation, advising on deliverables and sustainability targets for Credit related issues.
• Track remediation deliverables versus plans and ensure deviations are properly escalated.
• Perform independent effective challenge of remediation and sustainability materials once completed. As needed, perform and/or coordinate assessment of interim actions and deliverables during the remediation process.
• Document remediation challenge results and communicate results and corrective feedback to 1LOD and 2LOD teams.
• Develop and prepare reporting on regulatory remediation challenge activities to provide the bank's leadership visibility on regulatory remediation status.
• Liaise with 3LOD partners on validations activities, following remediation effective challenge.
• Support CR's interactions with other internal support functions - e.g., Regulatory Relations; Internal Audit - as well as external supervisory agencies and external auditors.

Bachelor's Degree and 6 years of experience in Analytics, or modeling, or reporting OR High School Diploma or GED and 10 years of experience in Analytics, or modeling, or reporting

Preferred Skills:

• BA or BS degree; MBA, FRM, CFA, CIA, Credit Risk Certification (CRC), or other advanced degree or certification is a plus.
• 6-10+ years of prior lending, credit risk management, credit review, regulatory supervision, or similar experience, including credit risk management or credit review practitioner experience at a large financial institution.
• Strong credit skills, proven understanding of business and financial markets and the effects of economic conditions on a Bank's credit portfolios, and knowledge of corporate finance concepts and theories, industry credit practices, current financial and regulatory environments, and risk management techniques.
• Familiarity with regulatory expectations related to maintaining safe and sound credit risk management practices for large banks; experience contributing to regulatory exams and navigating supervisory scrutiny is a plus.
• Effective communication skills, both oral and written, with a high degree of professional maturity appropriate for interactions with external and internal constituents of all levels. Experience preparing materials for and interacting with supervisory agencies, external auditors, and executives is a plus.
• Strong attention to detail with a dedication to quality and operational excellence. Enthusiasm for learning and eagerness to remain current on Bank, market, and industry developments to keep skills current and sharp.
• Willingness to travel 0-10% if needed.

Skill(s): Proficient in SAS applications, Microsoft Word, Excel, PowerPoint and Visio, Database management experience

This job posting is expected to remain active for 45 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.

If hired in NC, SC or UT, the base pay for this position is generally between $125,000.00 and $165,000.00. If hired in CA, NY, or NJ the base pay for this position is generally between $135,000.00 and $185,000.00. 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.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.