Director, Business Risk and Controls - Bank
Purpose of Job This position is considered a Hybrid work location - includes both work from home and in office. Oversees a team responsible for the development, implementation and oversight of programs that support effective Risk and compliance management in the first line of defense. Supports business leader adherence to the established Risk framework and ongoing supervision of business controls and is accountable for the development and mentoring of a successful team responsible for Risk and control self-assessments, identifying control failures, facilitating Risk and compliance remediation, internal and external audits and regulatory exams, and monitoring the of first line of defense in an effort to minimize Risk exposures and strengthen the overall control environment. Job Requirements About USAA USAA 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. Tasks and
Responsibilities:
Identifies and leads 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, standards, and procedures for business activities. Directs staff and initiatives that support Risk and control management programs, to include governance support, Risk oversight, Risk infrastructure development, Risk identification, quantification, aggregation, and emerging Risks. Advises senior management and influences process change. Builds and leads a successful team of Risk and internal control professionals through recruitment, training, coaching, performance management and related managerial activities. Leads consulting relationships with internal and external clients regarding budget and implementation deliverables and Risk mitigation plans as appropriate. Partners with essential team members in the business and oversees the identification, assessment and documentation of Risks and controls, including Risks associated with new or modified products, services, distribution channels, regulations and/or third-party operations. Reviews, communicates and recommends the development of governance policies and procedures in partnership with senior leaders to ensure appropriateness and adequacy versus industry standard processes and regulatory requirements. Provides counsel to business unit managers on Risk management issues and supports the evaluation of new product strategies on their impact to USAA's Risk profile. Educates Risk owners on Risk/control standard processes and may work with other lines of defense in the development and implementation of controls. Implements processes for collecting accurate and complete internal loss data from business areas. Directs analysis and data mining initiatives that identify, validate, and manage emerging Risk exposures, as necessary. Assists in the early identification of Risk trends by establishing and monitoring key performance and Risk indicators. Coordinates the preparation of key reports and communications and may present to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors. Minimum Requirements Bachelor's Degree 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree. 8 years of proven experience supporting Risk and/or compliance related activities in a financial services operating environment or other relevant industry; OR 8 years of demonstrated ability in a relevant quantitative field; OR Advanced degree or designation in a Risk management or quantitative field, and 6 years demonstrated ability supporting Risk and/or compliance related activities; OR PhD in a Risk management or quantitative field, and 4 years of experience supporting Risk and/or compliance related activities. 3 years of direct team lead or people management experience. 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, MLA. Preferred 2 years' experience with Issue Management Lifecyle inclusive of Issue identification, action plan development, and remediation / restitution activities. Experience driving development of brand new and highly undefined ideas. Superior risk experience and ability to train and influence others to think about risk and root cause effectively. Experience with the development and implementation of Operational Risk Management Frameworks within the Financial Services Industry. Experience supervising the execution of Risk and Control Self-Assessments (RCSA), business process and control documentation (PRCI/BPM/PRC), change management risk assessments, and operational control testing. When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses. 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 position. The salary range for this position is:
$106,80 - $192,300. 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. Please click on the link below for more details. USAA Total Rewards Relocation assistance is not available for this position.
Salary Range:
$100K -- $200K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
Responsibilities:
Identifies and leads 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, standards, and procedures for business activities. Directs staff and initiatives that support Risk and control management programs, to include governance support, Risk oversight, Risk infrastructure development, Risk identification, quantification, aggregation, and emerging Risks. Advises senior management and influences process change. Builds and leads a successful team of Risk and internal control professionals through recruitment, training, coaching, performance management and related managerial activities. Leads consulting relationships with internal and external clients regarding budget and implementation deliverables and Risk mitigation plans as appropriate. Partners with essential team members in the business and oversees the identification, assessment and documentation of Risks and controls, including Risks associated with new or modified products, services, distribution channels, regulations and/or third-party operations. Reviews, communicates and recommends the development of governance policies and procedures in partnership with senior leaders to ensure appropriateness and adequacy versus industry standard processes and regulatory requirements. Provides counsel to business unit managers on Risk management issues and supports the evaluation of new product strategies on their impact to USAA's Risk profile. Educates Risk owners on Risk/control standard processes and may work with other lines of defense in the development and implementation of controls. Implements processes for collecting accurate and complete internal loss data from business areas. Directs analysis and data mining initiatives that identify, validate, and manage emerging Risk exposures, as necessary. Assists in the early identification of Risk trends by establishing and monitoring key performance and Risk indicators. Coordinates the preparation of key reports and communications and may present to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors. Minimum Requirements Bachelor's Degree 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree. 8 years of proven experience supporting Risk and/or compliance related activities in a financial services operating environment or other relevant industry; OR 8 years of demonstrated ability in a relevant quantitative field; OR Advanced degree or designation in a Risk management or quantitative field, and 6 years demonstrated ability supporting Risk and/or compliance related activities; OR PhD in a Risk management or quantitative field, and 4 years of experience supporting Risk and/or compliance related activities. 3 years of direct team lead or people management experience. 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, MLA. Preferred 2 years' experience with Issue Management Lifecyle inclusive of Issue identification, action plan development, and remediation / restitution activities. Experience driving development of brand new and highly undefined ideas. Superior risk experience and ability to train and influence others to think about risk and root cause effectively. Experience with the development and implementation of Operational Risk Management Frameworks within the Financial Services Industry. Experience supervising the execution of Risk and Control Self-Assessments (RCSA), business process and control documentation (PRCI/BPM/PRC), change management risk assessments, and operational control testing. When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses. 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 position. The salary range for this position is:
$106,80 - $192,300. 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. Please click on the link below for more details. USAA Total Rewards Relocation assistance is not available for this position.
Salary Range:
$100K -- $200K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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