Head of AI Risk Oversight

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Job Grade:

115

Please review the following job description:

The Head of AI Risk Oversight is responsible for overseeing and facilitating the integration of Artificial Intelligence (AI) Risk into the Enterprise Risk Management Framework and risk programs. This role will lead risk management practices that allow the company to identify, measure, assess, monitor, and control risks associated with AI-driven technologies. AI Risk Oversight works closely with various departments to ensure responsible adoption of AI technologies and compliance with relevant laws, rules, and regulatory expectations.

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. Develop and implement the AI Risk Oversight Framework, including AI risk policies and procedures, key risk indicators, risk appetite, and associated limits.

2. Collaborate with Model Risk Management, Third Party, Technology, Data, Legal, and Compliance teams to address the risks related to AI (e.g., explainability, fairness, trustworthy data, ethical AI usage) throughout the bank.

3. Provide credible challenges to First Line of Defense (1LOD) AI Governance processes to ensure responsible adoption in accordance with the company's AI strategy and risk appetite.

4. Critically assess AI Use Cases and independently validate AI Systems.

5. Remain informed about AI-related regulatory developments and ensure compliance with evolving laws and guidelines.

6. Integrate AI-related risk considerations into existing policies, standards, procedures, risk taxonomy, control taxonomy, and governance routines within Risk Programs.

7. Lead the AI Risk Oversight Working Group, facilitating a forum for senior stakeholders to monitor, assess, and escalate AI-associated risks.

8. Regularly update the Enterprise Risk Committee (ERC) on AI activities and provide aggregated risk profile reports.

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 a related field.

2. Successfully led and managed a diverse team of experts through vision, inspiring innovative thought leadership and influencing excellence in execution across organizations.

3. Fifteen years progressive related experience in managing horizontal functions with related experience in risk management, model, analytics, business intelligence, data and/or AI.

4. Demonstrated strong understanding and experience in business and technology organization, resources, priorities, needs, policies, regulatory requirements and industry standards related to Financial Services AI risk.

5. Excellent leadership and communication skills, with the ability to influence and collaborate with senior stakeholders.

6. Experience developing and improving business processes, risk management frameworks and policies.

7. Strong analytical and problem-solving skills with ability to analyze complex scenarios and provide actionable insights.

8. Experience building, mentoring, and growing high performing teams.

9. Proven ability to prioritize and effectively deliver in a fast-paced and dynamic environment.

Preferred Qualifications:

1. Advanced degree preferred.

2. Experience in leading large-scale complex projects from beginning to end

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.