Senior Internal Audit and Risk Manager

We provide comprehensive commercial, personal, and online banking solutions to businesses in the Mid-Atlantic region and the national healthcare market. Our culture is characterized by authenticity, entrepreneurship, and compassion. We defy conventional banking norms with a bold and innovative approach, venturing into new territories and executing groundbreaking deals. Recognized as the Best Place to Work by the Baltimore Business Journal for 2022, 2023, and 2024, our #1 goal is to make people feel that working here was the best decision they have made. Join us at CFG, where your bold, entrepreneurial, and tenacious spirit will thrive, and together we will achieve success and make a lasting impact.

Are you the right applicant for this opportunity Find out by reading through the role overview below.

POSITION SUMMARY :

The Senior Internal Audit and Risk Manager plays a pivotal role in overseeing internal audit and enterprise risk management functions within the financial services sector. This position is responsible for maintaining the integrity of financial operations, ensuring regulatory compliance, and strengthening risk governance. Success in this role requires deep expertise in financial regulations, internal controls, and risk frameworks, along with a demonstrated ability to lead complex audits and risk assessments in a dynamic, regulated environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

Develop and execute, with our Internal Audit partner, a comprehensive, risk-based internal audit plan aligned with financial services regulations (e.g., FFIEC, SOX, Basel III).

Lead audits across business units including lending, investments, treasury, operations, and compliance.

Evaluate the effectiveness of internal controls over financial reporting and operational processes.

Ensure audit practices comply with IIA standards and regulatory expectations.

Oversee the enterprise risk management (ERM) framework, including identification, assessment, and monitoring of key financial, operational, and compliance risks.

Collaborate with business leaders to develop and implement risk mitigation strategies.

Monitor emerging risks such as regulatory changes and market volatility.

Ensure adherence to financial regulations including FDIC, OFR, FRB and other applicable bodies.

Support regulatory examinations and liaise with internal audit partners and external auditors.

Maintain up-to-date knowledge of industry trends, regulatory developments, and best practices.

Present audit findings, risk assessments, and control recommendations to senior management and the audit committee.

Prepare high-quality reports that clearly articulate issues, root causes, and actionable recommendations.

Serve as a trusted advisor to business units on risk and control matters.

Manage and mentor our internal auditor partners and internal audit staff.

Promote a culture of accountability, transparency, and continuous improvement.

Lead training and awareness initiatives on risk and control topics.

QUALIFICATIONS AND REQUIREMENTS :

Bachelors degree in Accounting, Finance, Business, or a related field; Masters degree preferred.

Professional certifications such as CPA (Certified Public Accountant), CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), or CRMA (Certification in Risk Management Assurance) strongly preferred.

Minimum of 7 years of progressive experience in internal audit and risk management within the financial services industry.

In-depth understanding of financial products, banking operations, and regulatory frameworks including SOX, Basel III, and FFIEC guidelines.

Proficiency in audit and risk management software; experience with data analytics tools such as Power BI is a plus.

Strong analytical skills, with excellent communication and stakeholder engagement capabilities.

Experience with digital banking, fintech, or investment services.

Familiarity with risk modeling, stress testing, and scenario analysis.

Ability to influence senior stakeholders and drive change in a regulated environment.

WORK ENVIRONMENT : We offer a hybrid schedule, with 3 days in-office and 2 days remote after the initial 90-day period.

COMPENSATION DISCLOSURE : In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $175,000-$195,000. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

BENEFITS AND ADDITIONAL COMPENSATION :

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including :

Employer-provided health benefits : medical insurance, dental and vision insurance, disability insurance, life insurance, mental health support services, and comprehensive wellness program

Paid time off : vacation days, sick leave, volunteer days

Retirement plan : 401(k) with employer match

Other compensation elements : Discretionary annual bonus and overtime pay for non-exempt positions

EOE STATEMENT : CFG Bank is an Equal Opportunity Employer as to all protected groups, including protected veterans and individuals with disabilities. If you require accommodations during the application process, please contact TalentAcquisition@cfg.bank.

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Compensation details : 175000-195000 Yearly Salary

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