Business Risk and Controls Advisor I

Company: USAA
Location: Colorado Springs
Posted on: August 4, 2022

Job Description:

Purpose of JobWe are looking for a Business Risk and Controls Advisor I to work a hybrid position to our Corporate Office in San Antonio or Regional Offices in Phoenix, Colorado Springs, Tampa, Plano, or Charlotte.

Positioned in the first line of defense to ensure the overall efficiency of risk and compliance management programs, first line of defense 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 efficiency, 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.Primary Responsibilities:

• Identifies and handles 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, standards, and procedures for business activities.
• Advise the business on how to strengthen and handle their control environment pertaining to 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 which may include the coordination of testing, root cause analysis, control design, and examining key risk metrics to evaluate the efficiency of established business controls.
• Performs risk data analysis, report preparation and trend analysis, applying business intelligence tools.
• Partners with business owners to assist them in the identification of control failures and assesses the impact.
• Assists with translating control deficiencies into action plans and facilitates effective and timely risk remediation through action plan oversight; provides recommendations to improve governance practices in alignment with risk and compliance frameworks.
• Maintains processes, procedures, and tools for handling exception alerts as they occur, including monitoring of resulting exception cases.
• Provides control oversight to ensure compliance with laws and regulations.
• Serves as a resource to team members.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.Minimum Requirements:
  • 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.
  • 4 years of experience supporting risk and/or compliance-related activities in a financial services operating environment or other relevant industry; OR 4 years of experience in a relevant quantitative subject area; OR Advanced degree or designation in a risk management or quantitative subject area, and 2 years of experience supporting risk and/or compliance related activities; OR PhD in a risk management or quantitative subject area.
  • Knowledge of federal laws, rules, and regulations, to include: UDAP/UDAAP, FRB Regs A-Z, NAIC, and GLBA.Preferred Experience:
    • Extensive experience in Risk Control Self Assessment (RCSA)
    • Working knowledge of Issues Management
    • Working knowledge of Control Development/Execution
    • Working knowledge of Process Risk Control Inventory (PRCI)
    • Working knowledge of Operational Risk ManagementThe 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.Compensation:USAA has an effective method 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: $72,900 - $131,400*( 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.Relocation assistance is not available for this position.

Keywords: USAA, Colorado Springs , Business Risk and Controls Advisor I, Other , Colorado Springs, Colorado