Fraud Risk Oversight Director overseeing risk management programs at Truist. Leading teams to ensure efficient risk practices and compliance within the financial services sector.
About the role
- Risk Management Manager at Early Warning leading LOD1 risk and internal control efforts. Overseeing and coordinating risk management processes across various business lines and compliance areas.
Responsibilities
- Assist Sr. Risk Managers and LOD1 Director if meeting departmental goals and objectives.
- Build and manage the business line’s centralized LOD1 function; act as business-line liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company’s Three-Lines of Defense (3LOD) program.
- Own and maintain business-line’s process inventory and internal control environment inventory.
- Work with Compliance (and other Risk functions) to obtain a high-level understanding of and monitor applicable regulations and requirements.
- Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments.
- Own and maintain the business-line’s detailed process and technical recovery plans.
- Partner with Business Continuity Management on business-line’s participation in BC/DR tests.
- Oversee and monitor the business-line’s third-party relationships, including both performance and risk management.
- Assist the business-line in the design and build of process maps in alignment with Early Warning’s Process Classification Framework.
- Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness.
- Identify and self-report issues through the ERM Self-Identified Issue Process, individually and together with other LOD1 business-line members.
- Ensure risk remediation plans exist and are sufficient; track remediation plans to completion and ensure remediation is on-time and sustainable; ensure action plans and remediation of issues by Risk Owner.
- Ensures the completion of actions plans and remediation of self-identified issues by each Issue Owner and Risk Owner.
- Support business-line Risk Acceptance Forms (RAF) process, when applicable.
- Support business-line leadership in managing and reporting its related risks; provide reports and explanations for use in Business Reviews, Audit or Management Committee meetings.
- Collaborate with Business Intelligence to design and implement risk reports for management.
- Deliver education and awareness of risk ownership essentials.
- Continually monitor and update assessments of the control environment, keeping abreast of significant control issues, trends and developments.
- Perform internal control effectiveness test plans and procedures.
- Support the company’s commitment to protect the integrity and confidentiality of systems and data.
Requirements
- Education and/or experience typically obtained through completion of a Bachelor’s degree in Business Administration, Finance, Accounting or other related field of specialty.
- Minimum of 8 or more years of audit, operational risk or other risk management experience or other proven related business experience.
- Good understanding of risk management and internal control leading practices within specialized area of focus.
- Demonstrated ability to work effectively in a complex, highly regulated environment.
- Working knowledge of regulatory requirements within specific area of focus.
- Effective communication, organization and presentation skills.
- Effective influence management skills.
Benefits
- Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
- 401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
- Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
- 12 weeks of Paid Parental Leave
- Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.
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