Lead Advisor ORM 2LOD

Lead Advisor - ORM - Oversight - Business (Credit)

Job Description:

Job Title: Lead Advisor - Operational Risk Management

Management Level: P3

Job Category: Manager

Job location – Bengaluru

About the Job:

This Second Line of Defense role is responsible for assessment and oversight of risks taken by the Bank at an intermediate to advanced level of ability. The role provides oversight of the First Line of Defense activities through objective risk assessment, effective challenge, monitoring, and reporting of the Bank's Risk Profile, including top and emerging risks. It facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of new or existing risks and assists in the review and enhancement of internal controls. This role gathers and maintains a strong knowledge of new or emerging risk management techniques and trends through professional networking and industry involvement and develops collaborative partnerships with internal departments, external auditors, regulatory agencies, and other stakeholders to support the company's Risk Management Framework.

The role will be responsible for performance of the Second Line Risk Oversight in the area of Credit Risk. Therefore, the role requires good knowledge of Credit Risk and compliance risks in a bank and a broad understanding of the control environment mitigating those risks. This will require broad knowledge of Consumer / Commercial Lending products and services, as well as applicable laws and regulations for successful engagement with the first line business and Business Risk and Control.

The role requires to interact closely with first line Business Unit (BU) leaders, Business Risk & Control associates (BRCs) and other stakeholders in First Citizens India and/or in US, for their day-to-day work. Further, the role will require to discuss key findings and observations (if any) with the stakeholders and disposition identified gaps as per the Operational Risk Oversight procedures and should follow the relevant First Citizens Bank (FCB) standards for reporting of an Operational Risk Event (ORE) and Issues Management, and timely first line business risk & control (BRC) actions in resolving the gaps to mitigate the relevant risks.

The person in this role should have strong risk management expertise, exceptional written and oral communication skills, strong understanding of banking business processes, stakeholder management skills and the ability to manage multiple projects and deadlines at once. Further, the person should have a strong understanding of various banking processes broadly including but not limited to operations, credit, finance, and corporate functions such as human resources, facilities and administration. The right candidate will be a pivotal team member in establishing and supporting strong governance within the function. The ideal candidate will be a self-starter, able to work independently and capable of supporting leadership and providing innovation for the risk function.

Experience in providing Risk Oversight in a bank or large financial institutions is preferred. Exposure to performing review and challenge activities as part of second line risk management is preferred.

The ideal candidate will:

Risk Management - supports the planning, execution and formal review of FCI’s First Line & Second Line Risk Programs as per First Citizen Bank’s (FCB) ERM framework and ORM framework. Maintains relations with the BRC and timely escalates any key matters to the ORM Leadership for necessary actions.

Subject matter expertise – Provides credible and effective risk-focused review and challenge to FCI Business functions based on industry knowledge and gained expertise

Committees and Projects - Provides support for other ERM & ORM programs and initiatives. Participates as a risk advisor on project teams or governance structures to provide guidance on risk best practices, processes, and regulatory requirements

Audit & Regulatory Support - Assists in managing preparation activities for ORM Internal Audit and regulatory exams. Partners with managers to ensure components are received in a timely manner for posting prior to exam start.

Ad-Hoc Support - Assist in providing support to Ad-hoc requests (as required)

What You’ll Bring:

• Provide effective challenge on first line Risk Program for FCI (RCSA, ORE, Issues Management, etc.).
• Provide risk oversight of business functions of FCI for adherence to applicable Enterprise Policies & Standards.
• Provide risk oversight of business functions of FCI for adherence to applicable laws & regulations governing U.S. banks in the areas of Credit Risk.
• Mange timely and high-quality delivery of assigned responsibilities.
• Ensure review and challenge is performed as per procedure and in prescribed templates and formats.
• Report and escalate any matters impacting the risk profile of the business functions and / or timeliness of delivery of assigned responsibilities.
• Risk and control frameworks as it applies to global banks.
• Operational & Compliance risks as it relates to banking in general.
• Knowledge and experience of risk management in Credit Risk Management of a US Bank including but not limited to Credit Enablement, Credit Transformation, Portfolio Monitoring, Credit Modelling, etc.
• Knowledge of industry practices in the areas of Credit Risk Management and defining KPIs / KRIs
• Second line review and challenge activities
• Strong communication skills both written and oral
• Analytical and logical thinking
• Working knowledge of MS tools such as word, Excel and PPT

Education and Experience:

• Bachelor's degree or higher in the field of Finance, MBA in Finance, related disciplines
• Hands-on experience in providing second line oversight and effective challenge in one or more of the following; operations, credit, finance, and corporate functions such as human resources, facilities, and administration
• Experience in providing 2nd Line Review & Challenge or similar 2nd Line roles.
• 8 to 10 years of banking or financial services risk management experience

Certifications

CIA, CAMS, CFE (These are good to have but not mandatory)