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Director, Business Risk and Controls - Bank

Company: USAA
Location: Wimauma
Posted on: May 10, 2022

Job Description:

Purpose of JobAbout 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 are currently hiring a Director, Business Risk and Controls - Bank to work in either the San Antonio, Phoenix, Charlotte, Colorado Springs, or Tampa locations. Remote work is available.The ideal candidate will supervise a team responsible for the development, implementation and oversight of programs that support effective risk and compliance management in the first line of defense. They will also support business leader adherence to the established risk framework and ongoing supervision of business controls and is accountable for the development and mentoring of an impactful team responsible for risk and control self-assessments, identifying control failures, facilitating risk and compliance remediation, internal and external audits and regulatory exams, and supervising the of first line of defense in an effort to minimize risk exposures and strengthen the overall control environment.Job RequirementsPrimary Responsibilities:

  • Identifies and leads existing and emerging Risks that stem from business activities and the job role.
    • Ensures Risks associated with business activities are optimally identified, measured, supervised, and controlled.
      • Follows written Risk and compliance policies and procedures for business activities.
        • Advises 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 manages an impactful team of Risk and internal control professionals through recruitment, training, coaching, performance management and related managerial activities.
              • Handles consulting relationships with internal and external clients regarding budget and implementation results and Risk mitigation plans as appropriate.
                • Partners with key collaborators in the business and is responsible for 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 methodologies 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 methodologies and may work with other lines of defense in the development and implementation of controls.
                        • Leads processes for collecting accurate and complete internal loss data from business areas.
                          • Advises analysis and data mining initiatives that identify, validate, and handle emerging Risk exposures, as necessary.
                            • Assists in the early identification of Risk trends by establishing and supervising key performance and Risk indicators.
                              • Leads all aspects of the preparation of key reports and communications and may present to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors.Minimum Experience:
                                • Bachelor's degree in Risk Management, Finance, or related field: OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of degree.
                                  • 8 years of confirmed experience supporting Risk and/or compliance related activities in a financial services operating environment or other relevant industry, Or 8 years confirmed experience in a relevant quantitative subject area, Or advanced degree or designation in a Risk management or quantitative subject area, and 6 years validated experience supporting Risk and/or compliance related activities, Or PhD in a Risk management or quantitative subject area, and 4 years validated ability supporting Risk and/or compliance related activities.
                                    • 3 or more years of direct team lead or management experience.
                                      • Knowledge of federal laws, rules, regulations, and applicable guidance to include, OCC Heightened Standards, BSA/AML, TILA/REG Z, REG E, REG B, UDAAP/UDAP, FCRA.Preferred Skills:
                                        • 8+ years Strong Risk and Controls Background.
                                          • 3+ years Issue Management/Issue Validation/Issue Remediation Experience.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: $106,800 - $192,300* (this does not include geographic 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.USAA Total Rewards Relocation assistance is not available for this position.#FSB

Keywords: USAA, Palmetto , Director, Business Risk and Controls - Bank, Accounting, Auditing , Wimauma, Florida

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