Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Job Grade:

108

Please review the following job description:

Be a subject matter expert and risk manager, responsible for managing and supervising risks related to the Premium Finance line of business (LOB), products, disclosures, advertisements, marketing and other concerns. Perform within the risk management group, providing subject matter expertise, regulatory interpretation, and enterprise risk analysis to the Premium Finance Senior Risk Management and Compliance Manager and the Premium Finance LOB. Serve as a point of contact for the Premium Finance LOB and assist in the management of those relationships. Be able to analyze the particular details of risk processes, policies and procedures and consider the inherent and residual risks with an enterprise perspective. Perform first line of defense control monitoring, testing and reporting of issues to LOB management.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Assist with monitoring the LOB’s acceptances against the Office of Foreign Assets Control (OFAC) or Office of the Superintendent of Financial Institutions (OSFI) lists and report any matches to Corporate Compliance.
2. Maintain superior knowledge of past, current and emerging regulations and regulator focus. Analyze regulatory changes and the impact those changes have on the LOB. Analyze existing processes and procedures to determine gaps. Lead any initiatives necessary in implementing changes. Provide regulatory guidance to business leaders and staff within the LOB.
3. Maintain good working relationship with LOB personnel and serve as a liaison between Risk Management and Compliance and other LOB management and staff.
4. Assist in the efforts of the LOB and other risk areas in the development and implementation of policies, procedures and processes to minimize risk.
5. Assist in the development, testing and reporting on the effectiveness of compliance controls for the LOB as part of the 1st LOD compliance monitoring program. Assist in the planning, development and execution of compliance reviews, from scope to final product with minimal management involvement and/or be able to direct staff to do the same. Analyze findings, make recommendations and communicate the findings and recommendations to various levels of management. Prepare formal written reports and track any issues to completion. Complete and maintain adequate work papers to support findings.
6. Participate in or lead meetings with the LOB and risk groups to provide regulatory guidance on new initiatives. Monitor new products, marketing and changes to business flow and procedures and analyze initiatives for regulatory risks.
7. Represent Premium Finance Risk Management and Compliance on cross-functional task forces, when necessary.
8. Determine emerging risks using a proactive approach and forward thinking analysis.
9. Serve as a backup to the Premium Finance Senior Risk Management and Compliance Manager in the review, analysis and approval of consumer complaint responses.
10. Assist the Premium Finance Senior Risk Management and Compliance Manager in the management of regulatory examinations and internal audits.
11. Assist in the development of, and revisions to, regulatory training. Partner with Truist University in the assignment and delivery of regulatory training.
12. Assist with suspicious activity monitoring and reporting.

QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree in Business or Law-related field, or equivalent education and related training
2. Five years of compliance/audit experience or risk-related area, preferably in the financial services industry
3. Excellent verbal and written communication and interpersonal skills, and the ability to communicate and interact with all levels of management
4. Ability to demonstrate and be recognized as having strong knowledge and leadership skills
5. Ability to manage implementation of regulatory requirements over multiple LOBs
6. Independent thinker with strong analytical skills and the ability to make decisions
7. Must be independent and able to work unsupervised
8. Proficiency in English
9. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
10. Ability to travel, occasionally overnight

Preferred Qualifications:
1. Five years of industry experience, with at least three years of compliance/audit experience at medium to large financial institutions
2. In-depth knowledge of one or more of the following: Bank Secrecy Act/Anti-Money Laundering (BSA/AML), lending, , privacy, fair lending or compliance risk management
3. Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS) or other specialized compliance education/professional designation
4. Operational and regulatory knowledge of financial institutions (e.g. banks, loan companies)

#LI-REMOTE

#Compliance

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.