First Citizens Bank Looking for Risk Analyst III/Risk Officer I – Liquidity Risk Oversight at Annandale, New Jersey Full Time

As a member of the Liquidity Risk Oversight (LRO) team this role will support the development and implementation of practices to monitor and independently assess liquidity risk across First Citizens Bank, a top 20 bank with over $200bn in assets. The LRO team serves as subject matter experts on funding and liquidity risk within the broader Risk Management organization with exposure to all products impacting liquidity including deposits, loans, securities, derivatives, wholesale funding, and commitments. Role will collaborate with various subject matter experts across operational, model, third party, information and regulatory risk, as well as risk appetite and compliance.

Responsibilities:

This position serves as an independent risk oversight function applying technical expertise, conducting data driven research, and building automation tools to support the execution of risk processes.

Oversight activities include:

• Providing independent review of liquidity risk management strategies adopted by Corporate Treasury; reviewing the bank’s balance sheet to ensure that potential liquidity risk exposures are being challenged, monitored, and controlled
• Analyzing liquidity risks associated with balance sheet positions such as investment securities, derivatives, unfunded commitments, deposits, and wholesale funding facilities
• Monitoring and supporting enhancements to the Risk Appetite Framework, compliance with limits and thresholds, update to policies and regulations to ensure emerging risks are identified and to recommend actions to reduce risk exposure
• Assessing the bank’s Liquidity Risk Management practices including internal liquidity stress testing, the Contingency Funding Plan, and internal Funds Transfer Pricing processes relative to regulatory standards and industry practices
• As applicable, participating in regulatory examinations, internal audit reviews, and issue remediation
• Reporting to governance groups and senior management and maintaining clear documentation of oversight processes
• Contributing to model risk management practices, including in depth review of model assumptions, design and implementation and back-testing performance of quantitative models
• Completing ad-hoc projects and analysis consistent with the Liquidity Risk Oversight function’s objectives

Qualifications:

Bachelor’s Degree and 4 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting OR High School Diploma or GED and 8 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting

Preferred Education: Advanced Degree

Preferred Area of Experience: Enterprise Risk Management or Operational Risk Management

Skill(s): Experience working with Governance Risk and Compliance applications, Knowledge of risk techniques and practices

Other preferred qualifications

• Degree in Finance, Economics, or other quantitative discipline, advanced degrees a plus, 4+ years of financial institution experience with at least 2 years in a Treasury or Risk Management role related to liquidity risk, balance sheet management, or market risk
• Strong quantitative, analytical, and problem-solving skills. Ability to understand diverse financial products, including accounting business processes, financial, management, and regulatory reporting
• Excellent verbal and written communication and presentation skills. Ability and experience developing executive materials and comfort presenting to senior management and regulators
• Ability to work independently and influence others; demonstration of initiative, resourcefulness and follow through; solid interpersonal skills
• Strong work ethic, as well as the ability to learn and apply new concepts quickly and the ability to manage concurrent deadlines and multi-task across both team oriented and individual projects
• Understanding of bank regulatory environment a plus; Regulation YY, Liquidity Coverage Ratio, Net Stable Funding Ratio, 2052a, SR 10-6, and SR 16-3
• Hands on experience in research and analysis of a bank’s balance sheet, preferably using ALM software (QRM a strong plus) and understanding of bank products
• Advanced proficiency with Microsoft Office applications; experience with SQL, VBA, Python, Tableau, or similar tools preferred