Risk Manager jobs in Providence, RI

Description

As a First Line Risk Manager at Citizens you will be responsible for supporting and maturing the company’s Third-Party Assurance program and processes. The Third-Party Assurance is a valuable bank function as it provides specific business function vendor assurance, in relation to the customer, financial or reputational risks and leveraging findings and best practices on a bank-wide scale while working as part of the larger Strategic Sourcing and Third Party Assessment Team. You will manage relationships with the business and vendors, providing robust and challenging insight on business risk and on the adequacy and effectiveness of the control processes in place. Deliver compliance assessments, providing opinion on the quality of the vendor control environment needed to meet Citizens Bank policies including identifying issues.

Primary responsibilities include:

• Clearly articulating Third Party Compliance Testing program goals and objectives to wider audiences
• Leading compliance assessments to assess vendor adherence to regulatory requirements and regulatory guidance, including communicating effectively to internal and external stakeholders with varying degrees of seniority.
• Evaluating the adequacy of third-party vendor’s compliance management systems and, where appropriate, conduct transactional testing sufficient to develop an opinion regarding the effectiveness of third-party vendor controls and/or processes.
• Producing Vendor Compliance reports that clearly articulate risks in order to speak to a varied audience in accordance with departmental procedures.
• Assess third party services for regulatory applicability and create the corresponding testing papers that assess regulatory compliance as needed.
• Translating regulatory risk to communicate effectively to business partners within the organization.
• Supporting and participating in regulatory exam preparation and execution as well as remediation where applicable
• Collaborating with management to complete special projects and influence key decisions
• Complete assessments within established deadlines to deliver quality work product according to a predetermined schedule.
• Participate in a comprehensive approach to diligence and tactical third party contracting by collaborating with Third Party Assessment and Strategic Sourcing to mitigate risk and deliver quality third party solutions to internal stakeholders.

Qualifications

• Experience in financial services organization, particularly in Risk, Audit, Compliance or Third-Party Vendor Assessment
• Advanced critical thinking skills
• Proficient use of Microsoft Word and Microsoft Excel
• Demonstrated interpersonal and communication skills including the ability to lead complex meetings
• Ability to plan, organize and prioritize workloads and work on own initiative
• Strong thought leadership in risk management
• Able to deliver under tight deadlines while maintaining quality standards
• Excellent business writing skills
• Experience gathering and analyzing information from a range of different sources and in a number of different ways e.g., data collection, interviews, meetings, review of processes, manuals, and documentation review

Education, Certifications and/or Other Professional Credentials

• Bachelor's Degree (preferred)
• Law Degree (beneficial)
• CRCM (beneficial)

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: Monday - Friday

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.