Bank Business Risk and Controls Advisor Senior
Company: USAA
Location: Colorado Springs
Posted on: May 3, 2024
Job Description:
Why USAA?Let's do something that really matters.
At USAA, we have an important mission: facilitating the financial
security of millions of U.S. military members and their families.
Not all of our employees served in our nation's military, but we
all share in the mission to give back to those who did. We're
working as one to build a great experience and make a real impact
for our members.
We believe in our core values of honesty, integrity, loyalty and
service. They're what guides everything we do - from how we treat
our members to how we treat each other. Come be a part of what
makes us so special!The OpportunityThe candidate selected for this
position will work on the Omnichannel Risk Advisory team supporting
Bank Digital and Retail Payments business partners. Key
responsibilities include providing advice and guidance related to
PRCI, RCSA, control rationalization, bank metrics (KRIs and BRIs),
maintaining a healthy issues inventory, and Business Change
Management (BCM) and Work Effort Risk Impact (WERI) assessments
that impact the Bank. In addition, responsibilities include
collaborating with Process Owners and business leaders to execute
and maintain Business Risk Reviews (BRRs) of sufficient depth and
breadth to properly identify and understand PL2 operational /
compliance risks and quality of risk management (QRM).As a Business
Risk and Controls Advisor Senior, you will be 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. Manage risk assessment
data and use critical thinking to identify key data-driven insights
tied to first line of defense.We offer a flexible work environment
that requires an individual to be in the office 4 days per week.
This position can be based in one of the following locations: San
Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO,
Charlotte, NC, Chesapeake, VA or Tampa, FL. Relocation assistance
is not available for this position.What you'll do:
- Manages and drive 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.
- Perform ongoing supervision and oversight of business controls
and share 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.
- Anticipate business needs and proactively find opportunities to
improve and strengthen the control environment through actionable
insights.
- Assist with translating control deficiencies into action plans
and provide recommendations to improve governance practices in
alignment with risk and compliance frameworks.
- Partner with stakeholders to drive improvement efforts to
correct or prevent unfavorable trends and assess the impacts.
- Lead project teams through concept, planning, execution, and
implementation phases for effective and timely risk
remediation.
- Advise senior management on the status of their control
environment related to risk identification and control weaknesses.
Identify critical areas to supervise and calls out issues and
findings to appropriate partners.
- Develop and maintain processes, procedures and tools for
handling exception alerts as they occur, including monitoring of
resulting exception cases.
- Provide control oversight to ensure compliance with laws and
regulations.
- Serve as a primary resource to team members.
- Ensure risks associated with business activities are
efficiently identified, measured, supervised, and controlled in
accordance with risk and compliance policies and proceduresWhat you
have:
- Bachelor's degree; OR 4 years of related experience (in
addition to the minimum years of experience required) may be
substituted in lieu of degree.
- 6 years of experience supporting risk-related, - compliance
related, or business control design activities; -OR 6 years of
experience in a relevant quantitative discipline; OR Advanced
degree or designation in a risk management or quantitative
discipline, and 4 years of experience supporting risk-related,
and/or compliance-related, or business control design activities;
OR PhD in a risk management or quantitative discipline, and 2 years
of experience supporting risk-related, and/or compliance-related,
or business control design activities.What sets you apart:
- 3-5 years' experience in technology/digital risk management,
specifically customer facing business applications.
- 3-5 years' experience with retail payment systems risk
management, specific to P2P (peer-to-peer or person-to-person)
money transfers and digital wallets.
- Direct experience with Issue Management process, understanding
the nature of an issue and providing advice and guidance to Issue
Owners and Action Owners throughout the issue lifecycle.
- Possess at least a basic understanding of the payments
industry, including key players, regulatory environment, and
emerging risks/trends and risk mitigation /strategies
practices.
- Possess at least a basic understanding of NACHA Operating Rules
and the specific criteria that must be considered during the annual
audit of compliance with NACHA's ACH rules.The above description
reflects the details considered necessary to describe the principal
functions of the job and should not be construed as a detailed
description of all the work requirements that may be performed in
the job.What we offer:Compensation: 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 data of the position. The actual salary
for this role may vary by location. The salary range for this
position is: $88,990- $172,000.Employees may be eligible for pay
incentives based on overall corporate and individual performance
and at the discretion of the USAA Board of Directors.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.For more details on our outstanding benefits, please visit
our benefits page on USAAjobs.com.Applications for this position
are accepted on an ongoing basis, this posting will remain open
until the position is filled. Thus, interested candidates are
encouraged to apply the same day they view this posting. -USAA is
an Equal Opportunity Employer. All qualified applicants will
receive consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.
Keywords: USAA, Pueblo , Bank Business Risk and Controls Advisor Senior, Other , Colorado Springs, Colorado
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