First Line Risk Manager

Job-:
Risk & Oversight

Location:

Boston, MA, United States;
Johnston, RI, United States

Schedule:

Full time, 1stPosted:
Closes:
As a First Line Risk Manager supporting the Treasury and Wholesale Payments division in Commercial Banking, you will serve as the primary execution lead for risk and control activities across assigned products, processes, and services for Treasury & Wholesale Payments products that include but may not be limited to deposits, Liquidity, and Cash Management services. You will be responsible for executing control monitoring and testing programs, maintaining risk and control inventories, performing risk assessments, managing issues through remediation, and supporting the overall effectiveness of the first-line control environment.

This role serves as the operational pillar of the risk organization, partnering closely with business stakeholders and Senior Risk Managers to ensure risks are identified, controls are effectively monitored, issues are remediated, and governance requirements are met. The Risk Manager will maintain a deep understanding of business processes and control frameworks while providing actionable insight into control effectiveness and operational risk exposure.

Success in this role requires strong analytical skills, attention to detail, effective stakeholder management, and the ability to translate risk requirements into practical business solutions while maintaining a robust control environment.

Primary Responsibilities
40% – Control Monitoring, Testing & Control Execution Execute risk-based control monitoring and testing activities across assigned products, processes, and services and evaluate control design, adequacy and effectiveness

Develop and maintain control assessment schedules and testing plans aligned to established risk assessment methodologies and ensure assessment activities are completed within established time frames

Execute continuous monitoring activities utilizing key risk indicators, key control indicators, data analytics, and automated monitoring techniques.

Evaluate control effectiveness and provide recommendations to strengthen the control environment.

Document testing outcomes, root causes, and remediation actions to support risk mitigation and continuous improvement.
20% – Business Risk Partnership & Governance Support Partner with business stakeholders to remain informed of operational changes, emerging risks, and control environment impacts.

Provide risk and control guidance to business partners during implementation of process changes and remediation efforts.

Support internal audits, compliance reviews, examinations, and control assurance activities through delivery of documentation and evidence.

Assist with risk reporting, metrics, and management presentations.
20% – Process, Risk & Control Inventory Management Maintain risk, control, test, and process inventories within governance systems.

Identify and document risks and controls within process maps and support ad hoc inventory updates.

Execute Risk and Control Self-Assessments (RCSAs) and support ongoing risk identification activities.

Ensure alignment between risks, controls, procedures, policies, issues, and supporting documentation.

Maintain data integrity and inventory quality across risk management platforms.
15% – Issue Management & Remediation Author, track, validate, and report on risk and control issues through remediation and closure.

Support issue impact assessment through qualitative and quantitative analysis, root cause analysis activities, and challenge remediation plans to ensure sustainable corrective actions.

Execute monthly governance and risk control updates within GRC platforms.

Monitor issue trends and identify emerging control concerns requiring escalation.
5%…