Compliance Officer II – Risk Assessment (Remote)

Overview

This is a remote role that may be hired in several markets across the United States. This position is responsible for execution and management of the Compliance Risk Assessment (CRA) and Regulatory Inventory Programs. This role will support advancing and accelerating the Compliance Risk Assessment and Regulatory Inventory, including enhancing the existing end to end process leveraging automation and other process improvement capabilities. The role includes researching, analyzing, and designing/implementing a target state. Day to day activities would include facilitating the identification and assessment of Regulatory applicability both at the enterprise level and at the Business Unit level, maintenance of the Regulatory Inventory ensuring the inventory remains current, accurate, and aligned with enterprise risk assessment methodologies. The Senior Analyst II will collaborate closely with compliance and business stakeholders to provide subject matter expertise, regulatory analysis, and consultative guidance in support of the Bank’s compliance risk management framework. This role may also interact with Internal Audit and senior bank management.

Responsibilities

The individual needs to have strong Risk Management background in financial services or related industry and be able to perform the following:

• Understand inherent risk factors in assessing compliance risk.
• Understand Control Effectiveness factors in assessing the control environment.
• Develop risk profiles at business unit level and at a regulation level.
• Develop risk assessment reports that address various topics, such as residual risk rating analysis, key drivers of inherent risk, etc.
• Maintain/Update a library of laws and regulations that are applicable to the organization in GRC and other systems.
• Research new and existing laws and regulations from authoritative sources (e.g., CFR, USC, FR notices, agency issuances).
• Work with key partners, including Compliance, ERM, Legal, and 1LOD to assess applicability and compliance risk of the regulations to the enterprise and business units.
• Create and provide reporting and insights related to coverage, changes, and gaps across the Compliance Risk Assessment and Regulatory inventory.
• Work with technology teams to implement long term solution for the Compliance Risk Assessment.
• Draft memos, crosswalks, and supporting analysis for management and regulatory reporting.
• Support regulatory change management processes by highlighting material updates and assessing their impact.
• Contribute to CRA cycles by supporting assessments that leverage the regulations inventory as a foundational input.
• Develop/Design Current State and/or Target State Processes
• Consultation, Relationship Management, & Stakeholder Support Qualifications Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking Required Area of Experience:
• Experience working in a Large Financial Institution, Banking, or other related experience.
• Critical thinking, process centric thinking and Process Improvement/transformation experience
• Strong analytical, research, organizational, and project management skills. data skills, including proficiency in spreadsheets.
• Ability to create robust reporting and presentations
• Ability to work independently, manage competing priorities, and deliver under deadlines.
• Experience with GRC tools and regulatory inventory management.
• Excellent written and verbal communication skills Preferred Area of Experience:
• Excellent understanding of regulatory landscape at the federal and state level.
• Law degree, compliance certifications (CRCM, ACAMS), or equivalent a plus.
• Ability to research and interpret laws, regulations, and guidance documents from government sources and issuing agencies. This job posting is expected to remain active for 5 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. The base pay for this position is generally between $94,000 and $150,000. 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 Qualifications: Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking Required Area of Experience:
• Experience working in a Large Financial Institution, Banking, or other related experience.
• Critical thinking, process centric thinking and Process Improvement/transformation experience
• Strong analytical, research, organizational, and project management skills. data skills, including proficiency in spreadsheets.
• Ability to create robust reporting and presentations
• Ability to work independently, manage competing priorities, and deliver under deadlines.
• Experience with GRC tools and regulatory inventory management.
• Excellent written and verbal communication skills Preferred Area of Experience:
• Excellent understanding of regulatory landscape at the federal and state level.
• Law degree, compliance certifications (CRCM, ACAMS), or equivalent a plus.
• Ability to research and interpret laws, regulations, and guidance documents from government sources and issuing agencies. This job posting is expected to remain active for 5 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. The base pay for this position is generally between $94,000 and $150,000. 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 Education:UNAVAILABLEEmployment Type: FULLTIME Apply tot his job Apply tot his job Apply To this Job

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