Business Risk and Controls Advisor Senior - Bank
Posted on: June 24, 2022
Purpose of JobThis position within the Bank is for the
Compliance Advisory and Policy Governance Team in Omni-Channel.
Location can be in one of our offices or Remote (work from
Positioned in the first line of defense to ensure the overall
effectiveness of Risk and compliance management programs, Risk
analytics and operations in the business. This role will partner
and collaborate with Compliance and Risk Management, as well as
Business Operations, IT, Audit Services, and Regulators to support
Risk and compliance-based initiatives. Responsible for supporting
business leader adherence to the established Risk framework and
ongoing supervision of business controls including Risk and control
self-assessments, identification and evaluation of control
effectiveness, identifying control failures, facilitating Risk and
compliance remediation, internal and external audits and regulatory
exams, and monitoring of the first line of defense to minimize Risk
exposures and strengthen the overall control environment. Leverages
Risk assessment data and identifies key data-driven insights tied
to first line of defense.Job RequirementsAbout USAAUSAA knows what
it means to serve. We facilitate the financial security of millions
of U.S. military members and their families. This singular mission
requires a dedication to innovative thinking at every level.We
embrace a robust veteran workforce and encourage veterans and
veteran spouses -to apply.Tasks:
- Identifies and manages existing and emerging Risks that stem
from business activities and the job role.
- Ensures Risks associated with business activities are
effectively identified, measured, monitored, and controlled.
- Follows written Risk and compliance policies and procedures for
- Manages and drives solutions for stronger controls, and in
support of Risk and/or regulatory compliance related initiatives
which may include: oversight of procedures/process, accurate
regulatory reporting and filing, document governance, Risk control
self-assessments, procedure governance, control design, new product
controls, CoSA Third Party Governance, or quality governance.
- Performs ongoing supervision and oversight of business controls
and shares knowledge with team members to evaluate the
effectiveness of established business controls.
- Responsible for Risk data analysis, report preparation and
trend analysis, utilizing business intelligence tools.
- Anticipates business needs and proactively identifies
opportunities to improve and strengthen the control environment
through actionable insights.
- Assists with translating control deficiencies into action plans
and provides recommendations to enhance governance practices in
alignment with Risk and compliance frameworks.
- Partners with stakeholders to drive improvement efforts to
correct or prevent unfavorable trends and assess the impacts.
- Leads project team through concept, planning, execution, and
implementation phases for effective and timely Risk
- Advises senior management on the status of their control
environment related to Risk identification and control weaknesses.
Identifies critical areas to monitor and escalates issues and
findings to appropriate stakeholders.
- Develops and maintains processes, procedures and tools for
managing exception alerts as they occur, including monitoring of
resulting exception cases.
- Provides control oversight to ensure compliance with laws and
- Serves as a primary resource to team members.Minimum Education:
- Bachelor's Degree OR 4+ additional years of related experience
beyond the minimum required may be substituted in lieu of a
degreeMinimum Work Experience:
- 6 years of experience supporting Risk and/or compliance related
activities in a financial services operating environment or other
relevant industry OR 6 years of experience in a relevant
quantitative discipline OR Or advanced degree or designation in a
Risk management or quantitative discipline, and 4 years of
experience supporting Risk and/or compliance related activities OR
PhD in a Risk management or quantitative discipline, and 2 years of
experience supporting Risk and/or compliance related
- Knowledge of federal laws, rules, regulations, and applicable
guidance to include: OCC Heightened Standards, BSA/AML, REG E,
UDAAP/UDAP, TILA/REG Z, SCRA, FCRA, MLAPreferred:
- Internal controls - ability to create, implement, evaluate and
enhance processes in internal controls
- Regulatory - knowledge of consumer compliance regulations and
applicability to retail banking products and services in Digital
- PRCI (Process, Risk and Control Inventory) and RCSA (Risk &
Control Self-Assessment) - ability to assess, clarify, and appraise
compliance risks inherent in consumer banking activities as well as
to ensure that internal controls, policies, and procedures are
accurate and adequate.
- Risk Management - Knowledge of processes, tools and techniques
for identifying, assessing and controlling an organization's
exposure to risks of various kindsCompensation:USAA has an
effective process for assessing market data and establishing ranges
to ensure we remain competitive. You are paid within the salary
range based on your experience and market position. The salary
range for this position is: $80,200 - $144,500 *(this does not
include geographical differential, it may be applied based on your
work location)Employees may be eligible for pay incentives based on
overall corporate and individual performance or at the discretion
of the USAA Board of Directors.*Geographical Differential:
Geographic pay differential is additional pay provided to eligible
employees working in locations where market pay levels are above
the national average. -Shift premium will be addressed on an
individual-basis for applicable roles that are consistently
scheduled for non-core hours. - - -Benefits:At USAA our employees
enjoy best-in-class benefits to support their physical, financial,
and emotional wellness. - These benefits include comprehensive
medical, dental and vision plans, 401(k), pension, life insurance,
parental benefits, adoption assistance, paid time off program with
paid holidays plus 16 paid volunteer hours, and various wellness
programs. - Additionally, our career path planning and continuing
education assists employees with their professional goals.Please
click on the link below for more details. -Relocation assistance is
not available for this position.#fsb
Keywords: USAA, Gastonia , Business Risk and Controls Advisor Senior - Bank, Other , Belmont, North Carolina
Didn't find what you're looking for? Search again!