First Line Risk Manager

Reposted 8 Days Ago
Be an Early Applicant
2 Locations
In-Office
84K-110K Annually
Mid level
Digital Media • Fintech • Information Technology • Machine Learning • Financial Services • Cybersecurity • Automation
Ready to Transform the Future | Careers in Technology & Security
The Role
Lead execution of first-line risk and control activities across assigned products and processes. Perform control monitoring, testing, and continuous monitoring using KRI/KCI and analytics; maintain risk and control inventories; manage issue remediation; support governance, regulatory compliance, audits, and stakeholder risk guidance.
Summary Generated by Built In
First Line Risk Manager - Commercial Banking 
Location: Johnston, RI or Westwood, MA
 

Work Authorization
This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without sponsorship, now or in the future.

Description
At Citizens, we're building one of the strongest regional banking franchises in the country through disciplined growth, responsible risk management, and a commitment to doing the right thing for our customers, colleagues, communities, and shareholders.
We're seeking an experienced First Line Risk Manager to support Commercial Banking risk management activities. This role is ideal for a risk professional who has direct experience executing risk programs within Commercial Banking, Business Banking, Commercial Lending, Treasury Management, Wholesale Payments, Cash Management, or related banking businesses.
The successful candidate will independently execute Risk & Control Self-Assessments (RCSAs), evaluate control effectiveness, identify emerging risks, support governance activities, challenge business assumptions, and partner closely with Commercial Banking stakeholders to ensure risks are appropriately identified, assessed, monitored, and managed.
This is a highly collaborative, hands-on risk execution role requiring strong risk judgment, intellectual curiosity, and the ability to influence business partners while maintaining an effective challenge mindset.
 
What You'll Do
Risk Assessment & Risk Program Execution
  • Lead and execute Risk & Control Self-Assessments (RCSAs) across Commercial Banking products, services, and processes.
  • Identify, assess, document, and monitor risks and associated controls.
  • Evaluate inherent and residual risk exposures and recommend risk mitigation strategies.
  • Support risk assessments associated with new products, process changes, technology implementations, and business initiatives.
  • Apply risk-based judgment to complex business situations and provide thoughtful recommendations to stakeholders.
Compliance & Controls
  • Execute control monitoring and control testing activities.
  • Assess control design and operating effectiveness.
  • Identify control gaps and recommend practical improvements.
  • Document results, observations, conclusions, and corrective actions.
  • Support audits, regulatory examinations, assurance reviews, and management responses.
Issue Management & Remediation
  • Author, track, validate, and close issues through established governance processes.
  • Perform root-cause analysis and evaluate the sustainability of remediation activities.
  • Challenge remediation plans where necessary to ensure issues are fully addressed.
  • Monitor issue trends and identify emerging risks requiring escalation.
Risk Governance
  • Maintain risk, control, process, and issue inventories.
  • Ensure alignment between risks, controls, policies, procedures, assessments, and remediation activities.
  • Prepare governance reporting, metrics, and management presentations.
  • Participate in risk governance forums and stakeholder discussions.
Business Partnership
  • Partner closely with Commercial Banking stakeholders to support responsible growth.
  • Provide effective challenge while maintaining strong working relationships.
  • Collaborate across Risk, Compliance, Audit, Operations, Product, Technology, and business teams to drive sound risk management decisions.
 
Key Experiences We're Looking For
Successful candidates will typically demonstrate experience in several of the following areas:
  • Executing end-to-end RCSAs
  • Risk identification and control evaluation
  • Risk-based decision making and judgment
  • Control monitoring and testing
  • Issue management and remediation validation
  • Governance reporting and committee participation
  • New product and change risk assessments
  • Commercial Banking risk management
  • First Line Risk ownership within a banking environment
 
Required Qualifications
  • Bachelor's Degree or equivalent experience.
  • Commercial Banking, Business Banking, Commercial Lending, Treasury Management, Wholesale Payments, Merchant Services, Cash Management, or related product experience.
  • 4+ years of experience in Risk Management, Operational Risk, First Line Risk, Compliance Risk, Controls, or related banking risk disciplines.
  • Direct experience leading and executing Risk & Control Self-Assessments (RCSAs).
  • Experience assessing control effectiveness and documenting risk conclusions.
  • Experience managing issues, corrective actions, and remediation efforts.
  • Experience supporting governance activities, audits, or regulatory examinations.
  • Strong analytical and problem-solving skills.
  • Demonstrated ability to exercise independent risk judgment and challenge assumptions constructively.
  • Strong stakeholder management and communication skills.
 
Preferred Qualifications
  • Experience evaluating risks associated with new products, process changes, or technology implementations.
  • Experience maintaining risk and control inventories.
  • Familiarity with governance, risk, and compliance (GRC) platforms.
  • Experience presenting risk assessments, findings, or recommendations to leadership teams.
 
Who Will Be Most Successful
This role is best suited for individuals who have direct experience operating within a First Line Risk environment and can independently:
  • Build and execute risk assessments.
  • Evaluate risks across products, services, and business processes.
  • Identify control weaknesses and recommend improvements.
  • Apply risk-based judgment in ambiguous situations.
  • Partner with business leaders to support informed decision-making.
  • Navigate changing priorities in a fast-paced Commercial Banking environment.
 
Additional Context
While backgrounds in Internal Audit, SOX Compliance, Assurance, Quality Control, Vendor Management, Third-Party Risk, Wealth Operations, or Consumer Banking may provide valuable experience, this role requires direct First Line Risk execution and ownership of risk management activities within a banking environment.
Candidates with demonstrated Commercial Banking and RCSA experience will be strongly preferred.
Hours & Work Schedule
  • Hours per Week: 40
  • Work Schedule: Monday-Friday
  • Locations: Johnston, RI; or Westwood, MA
 
Pay Transparency
The salary range for this position is $84,000- $110,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work  arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid 
time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits

 
Why Join Citizens?
Citizens has remained consistently profitable through changing economic cycles and continues to invest in strategic growth initiatives across Commercial Banking, Wealth Management, Capital Markets, and Digital capabilities.
As part of our multi-year Reimagine the Bank transformation, you'll have the opportunity to help modernize how risk management supports the business while working alongside experienced leaders committed to strengthening the bank's control environment.
If you're energized by solving complex risk challenges, influencing business decisions, and helping drive responsible growth, we'd love to hear from you.
 
About Us

Equal Employment Opportunity

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, 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. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

Job Applicant Data Privacy Policy

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.


Skills Required

  • Bachelor's Degree
  • 4-6 years risk management experience
  • Experience supporting or leading risk projects across multiple business lines
  • Understanding of regulatory environment and second-line/regulator perspectives
  • Ability to use data and metrics to support recommendations and drive actions
  • Experience in banking operations or risk management business domains
  • Effective project management and analytical skills
  • Strong interpersonal, team building, and stakeholder management skills
  • Ability to work independently and collaboratively across all management levels

Citizens Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citizens and has not been reviewed or approved by Citizens.

  • Parental & Family Support — Policies include six weeks of fully paid parental leave for all parents, up to 16 weeks for birthing parents, 10 days of emergency back‑up care, and adoption assistance of more than $25,000. Recognition for adoption support underscores a strong family‑friendly posture.
  • Leave & Time Off Breadth — Time off includes 11 paid holidays and up to 27 PTO days. The breadth of leave is presented as generous versus many peers.
  • Healthcare Strength — Medical, dental, and vision options pair with an HSA that includes a company contribution, plus mental‑health access via Spring Health (eight no‑cost sessions), Hinge Health, wellness programs, and discounted gyms. Eligibility at 20+ hours per week broadens access to these resources.

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The Company
HQ: Providence, RI
17,000 Employees
Year Founded: 1828

What We Do

As one of the oldest and largest financial services firms in the United States with a history dating back to 1828, we’re committed to providing solutions and expertise that support our customers, clients, colleagues, and communities in what’s next on their own unique journey. We invest in the humans who build the logic, ideas, and innovations that bring new technologies to life. Investments in AI, cloud computing, machine learning and automation provide our engineers the tools that enable us to remain competitive and win in today’s environment. At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do. Whether you’re considering banking with us or looking to work with us, you’ll find a customer-centric culture and a supportive, collaborative workforce at Citizens. You’re made ready and so are we. If you're ready to advance your career in technology and security, learn more about opportunity's Citizens offers here: https://jobs.citizensbank.com/digital-transformation

Why Work With Us

We empower the colleagues that power our tech. With growth & upskilling opportunities and sought-after benefits, plus a diverse culture of people and perspectives, we help our colleagues achieve career goals. Because innovation can’t happen without the minds and hearts of our people. Technology is constantly evolving, and we believe you can too.

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