What are the responsibilities and job description for the Governance & Controls Office - Risk Advisor III position at Truist Bank?
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Engage with Truist Commercial Real Estate (Truist CRE) in its management of risks and controls as well as its execution of risk program requirements. Execute, facilitate and/or monitor execution of Risk Program requirements (e.g., RCSA, KRIs, etc.) within the assigned areas of the Business Unit. Provide risk advice to effectively management risk within the assigned areas of the Business Unit. Aggregate, integrate, correlate and report risks for assigned areas of the Business Unit. Identify and opine on remediation to address weaknesses related to inadequate or failed processes, people, and systems, or external events and ensure effective remediation.Specific responsibilities may change over time but include the below.
- Support Risk Control Self-Assessments for National Real Estate, Real Estate Corporate and Investment Banking and Truist Community Capital, including documentation and evaluation of processes, risks and controls.
- Proactively identify risks and issues and ensure sustainable and timely remediation.
- Serve as a SME to the first line of defense for effective risk control design, implementation, and related risk mitigation for assigned coverage areas.
- Support business initiatives to ensure strategic priorities appropriately balance risk and compliance considerations by leveraging SME knowledge of assigned coverage areas. Advocate Truist’s risk culture, compliance with enterprise risk initiatives and promote sound risk management practices.
- Design and refine monitoring and testing of processes to assess the effectiveness of first of line defense execution of assigned processes consistent with Truist risk programs, regulatory and compliance requirements, and applicable enterprise policies.
- Administer and/or leverage respective risk governance framework to report on and escalate identified emerging risks and out of appetite risk results. Develop and implement risk metrics and participate in program activities, to monitor, trend and report on risk. Where applicable, help drive the risk agenda and develop content for risk working groups.
- Identify and champion process optimization and technology opportunities to drive improved efficiency and effectiveness and reduce risk.
- Collaborate with Business Unit and Enablement teammates, as appropriate, to ensure adequate teammate training and communication for significant people, process, system, regulatory, and/or policy and procedural changes.
- Maintain productive relationships and accountability with key 1LOD, 2LOD, and Other Partners to effectively execute risk programs and governance routines.
- Provide Risk Advisory expertise for risk identification and aggregation, risk program execution, RCSA, internal control monitoring, controls effectiveness evaluation, risk remediation, risk measurement, and risk reporting as applicable for assigned coverage areas.
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.
- Bachelor’s degree in Accounting, Business, Finance, Economics or an equivalent combination of education and work experience.
- 8 years progressive work-related experience including audit, consulting, operations, process engineering, or risk management in the financial services industry.
- 5 years supervisory or management level experience.
- Strong communication, interpersonal and negotiation skills.
- Strong knowledge of operational and other non-financial risks.
- Proven leadership and management skills.
- Excellent time management and organizational skills with the ability to operate without close supervision.
- Capability of handling multiple projects concurrently.
- Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
Preferred Qualifications:
- Commercial Real Estate experience.
- Governance and Controls experience.
- Master’s degree or other advanced degree
- Consulting experience at a corporate level.
- Professional designation related to risk management or field of assigned business unit(s).
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.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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