Sr. Director, Business Risk and Controls Management

Business Risk and Controls Management

The Business Risk and Controls Management job develops and manages a control framework that informs how business decisions are made and ensures appropriate controls are in place. This job is responsible for providing leadership guidance, goals, oversight, and governance across areas under his/her first line responsibility. This job also serves as an extension of their business's leadership team and be a primary point of contact providing access to the full suite of applicable control capabilities to their business.

Key Responsibilities And Duties

• Executes first line of risk operational risk programs for area of responsibility. Executes risk and control self-assessment (RCSA) and develops associated risk and controls matrix for areas of responsibility.
• Consolidates business risk profile for area of responsibility.
• Assists business with process and risk identification and assessment associated process and controls strength.
• Coordinates, assesses root causes, and assists with management action plan development for issues and incidents. Proactively tracks and reports on status, closure pipeline, and past-due status.
• Works with first line process owners to map processes and develop remediation plans to improve identified weaknesses in processes and controls.
• Assesses new products, regulatory changes, new policy requirements or changes, products and services risk in conjunction with product, service, and/or process owners.
• In partnership with the Business Operations and Investment Reporting team, develop, manage, and maintain a process, risk, and controls dashboard for their business.
• Partners and coordinates with second and third lines of defense to operationalize the full ecosystem of risk identification, management, reporting, and remediation activities.
  
  

Educational Requirements

• University (Degree) Preferred
  
  

Work Experience

• 5 Years Required; 7 Years Preferred
  
  

Physical Requirements

• Physical Requirements: Sedentary Work
  
  

Career Level

9IC

• Experience with risk and control processes in Retirement, Financial Services firm, or related business
• 5 years of experience in audit, risk, or compliance role.
• Strong communication skills, both written and oral.
• Experience in interacting with internal audit, risk, compliance.
• Experience in reviewing and drafting procedures and controls.
  
  

Related Skills

Business Acumen, Business Process Improvement, Business Process Understanding, Communication, Compliance, Continuous Improvement Mindset, Detail-Oriented, General Risk Management, Influence, Relationship Management, Risk Mitigation, Risk Monitoring

Anticipated Posting End Date

2025-04-15

Base Pay Range: $146,500/yr. - $205,000/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Benefits And Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Read more about your rights and view government notices here.

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• Experience with risk and control processes in Retirement, Financial Services firm, or related business
• 5 years of experience in audit, risk, or compliance role.
• Strong communication skills, both written and oral.
• Experience in interacting with internal audit, risk, compliance.
• Experience in reviewing and drafting procedures and controls.