Senior Manager, Unclaimed Property & Escheatment (Remote)

<strong>Overview</strong><br><br><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">This is a <strong><em>remote role</em></strong> that may only be hired in the following locations: <strong>Phoenix, AZ or Raleigh, NC</strong>. </span><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">We are looking for candidates who live within a commutable drivable distance to our Phoenix, AZ or Raleigh, NC office.</span></p><p style="margin: 0px;"> </p><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">The Senior Manager of Unclaimed Property & Escheatment will lead the bank’s enterprise-wide unclaimed property compliance program, ensuring adherence to complex multi-state regulatory requirements governing abandoned financial assets (e.g., deposit accounts, cashier’s checks, official checks, gift cards, and safe deposit box contents).</span></p><p style="margin: 0px;"> </p><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">This role is critical in managing regulatory risk, audit exposure, and financial liability while partnering across Operations, Finance, Legal, Compliance, and Consumer/Commercial Banking teams. The position requires deep expertise in banking products, escheatment lifecycle management, and regulatory expectations from agencies such as state unclaimed property divisions and regulatory agencies. </span></p> <br><strong>Responsibilities</strong><br><br><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Enterprise Program Leadership</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Own and lead the bank’s unclaimed property compliance framework, governance model, and policy administration.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Define risk-based strategies for identifying, tracking, and reporting dormant and abandoned property across all lines of business.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Provide executive-level insight on unclaimed property liability, financial exposure, and reserve adequacy.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Regulatory Compliance & Reporting</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Oversee compliance with all state unclaimed property laws across deposit products, payments, lending, trust, and wealth management accounts.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Lead timely and accurate filing of multi-state reports, including dormancy tracking, due diligence mailings, and remittance.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Ensure proper handling of safe deposit box escheatment, including inventory, transport, and state delivery requirements.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Maintain compliance with record retention and documentation standards required for regulatory review.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Banking Product Oversight</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Interpret dormancy rules for different product types, including: </span><ul><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Demand deposit accounts (DDA), savings, and time deposits</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Official checks, cashier’s checks, and money orders</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Gneral ledger, loan-related credit balances and overpayments</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Trust, custody, and wealth management accounts</span></li></ul></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Partner with product owners to ensure proper classification and tracking of reportable property.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Audit, Exams & Risk Mitigation</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Serve as primary liaison for state unclaimed property audits and third-party contract auditors.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Support regulatory exams where unclaimed property is in scope.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Lead audit defense strategies, including data validation, documentation readiness, and settlement negotiation.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Identify historical exposure and lead voluntary disclosure agreements (VDAs) and remediation initiatives.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Cross-Functional Coordination</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Collaborate with: </span><ul><li style="margin-left: .5in;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Operations</span></strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> – dormancy processing, account status tracking</span></li><li style="margin-left: .5in;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Finance/Accounting</span></strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> – general ledger reconciliation, liability accruals</span></li><li style="margin-left: .5in;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Compliance & Legal</span></strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> – regulatory interpretation and risk management</span></li><li style="margin-left: .5in;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">IT/Data</span></strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> – system controls, data integrity, reporting automation</span></li><li style="margin-left: .5in;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Consumer & Commercial Banking</span></strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> – customer communication and account servicing</span></li></ul></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Provide guidance on escheatment implications for new products, mergers/acquisitions, and system conversions.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Process Improvement & Technology Enablement</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Enhance automation and controls within core banking systems and UP platforms.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Improve data quality, audit trails, and reporting capabilities.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Implement tools (e.g., Tracker, UPEnterprise) for scalability and compliance efficiency.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Develop dashboards and KPIs for executive reporting and regulatory readiness.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Customer Due Diligence & Experience</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Oversee compliant due diligence outreach to customers prior to escheatment.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Ensure customer communications meet regulatory requirements while maintaining positive customer experience.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Coordinate reactivation processes for accounts reclaimed prior to reporting deadlines.</span></li></ul><p style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p><p style="margin: 0px;"><strong><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Team Leadership</span></strong></p><ul><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Build and lead a high-performing unclaimed property team.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Provide coaching, regulatory training, and career development opportunities.</span></li><li style="margin-left: .5in;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Establish performance metrics aligned with compliance, accuracy and timeliness.</span></li></ul><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;"> </span></p> <br><strong>Qualifications</strong><br><br><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Bachelor's Degree and 8 years of experience in Bank Operations including management OR High School Diploma or GED and 12 years of experience in Bank Operations including management</span></p><p style="margin: 0px;"> </p><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Skill(s): Understanding of accounting, accounting practices, and banking regulations, Knowledge of Windows and various applications such as Access and Visio</span></p><p style="margin: 0px;"> </p><p style="margin: 0px;"><strong><u><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Preferred Skills:</span></u></strong></p><ul><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Leadership experience in </span><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Unclaimed Property & Escheatment.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Large financial institution experience.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Proven experience managing a team in multiple locations. Ability to motivate, mentor, and coach staff. Ability to lead through change.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Experience with work transformation and leading change management.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Experience in leading process improvements. Ability to manage timelines, resources, and deliverables. Must have excellent verbal, written, and interpersonal communication skills.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Must have strong organizational and time management skills.</span></li><li><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Must have strong analytical and problem-solving skills, demonstrate success in managing by metrics, be detail oriented, able to multitask and function in a fast-paced environment.</span></li></ul><p style="margin: 0px;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif;">Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.</span></p>

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