Business Risk & Controls Advisor – Artificial Intelligence

This is a fully remote position, open to applicants in North Carolina.

📋 Description

• Provide guidance to the Enterprise Data and Analytics Unit regarding risk activities in line with the Company's Risk Appetite and Corporate Strategy.

• Assist in managing Artificial Intelligence risks and controls across all categories of risk.

• Implement risk policies, standards, procedures, and program requirements.

• Offer advisory services for effective risk management.

• Facilitate communication between Data, Technology and/or Cyber, the second and third lines of defense, and regulatory bodies.

• Cultivate and sustain an understanding of the organization's business landscape, including markets, products, services, client demographics, and competitive dynamics.

• Examine business trends and drivers to uncover patterns, interdependencies, opportunities, and risks.

• Operationalize second-line requirements for the designated business area.

• Collaborate with cross-functional teams to evaluate regulatory changes, market disruptions, business operations, and strategic initiatives.

• Assist in the implementation of policies, standards, and procedures within the business unit.

• Identify risks and control deficiencies.

• Oversee issue tracking, escalation, remediation, action planning, and mitigation strategies.

• Monitor the effectiveness of remediation efforts and report updates to senior management.

• Coordinate with Compliance and second-line-of-defense functions.

• Assist in prioritization and capacity assessments.

• Support inquiries, examinations, and audits from regulatory bodies and Internal Audit.

• Aid in the preparation of regulatory submissions, responses, and reporting.

• Define risk reports for the business unit and monitor risk and control performance.

• Summarize prevailing and emerging risks along with corresponding actions.

• Collaborate with reporting programs to escalate key indicator limits and breaches within the Risk Appetite Framework.

• Advise senior leadership during risk governance meetings.

• Work together on governance documentation and execute program policies, standards, and procedures.

• Communicate current and emerging issues alongside regulatory requirements.

• Develop metrics to assess AI governance effectiveness and adoption, which includes control coverage, KRIs, KPIs, and exception management.

• Utilize knowledge of the control environment to mitigate risks.

• Foster consensus among control owners and stakeholders on AI risk mitigation and remediation strategies.

⛳️ Requirements

• A Bachelor's Degree with 4 years of experience OR a High School Diploma or GED/Equivalent with 8 years of experience in Financial Services, First Line Risk Management, Enterprise Risk, or Operations Risk.

• Familiarity with risk techniques, practices, and control frameworks.

• Understanding of various banking and government regulatory requirements and processes.

• Knowledge of regulatory guidance related to enterprise risk and operational risk.

• Ability to collaborate effectively with associates, senior management, and various committees.

• Proven knowledge of AI-related regulatory developments, industry standards, and recognized risk management frameworks such as NIST AI RMF and ISO/IEC 42001.

• Preferred area of study includes Finance or Risk Management.

• Preferred experience includes Project Management, Internal or External Consulting, and prior roles in Technology or Cyber Risk Organizations.

• Preferred certifications include CRCM, PMP, CERP, CAMS; ISACA CISA, ISACA CRISC - IO; ISACA AAIR; AIGP.

🏝️ Benefits

• Competitive, thoughtfully designed, and high-quality benefits program.

• Benefits information available at https://jobs.firstcitizens.com/benefits.