Overview

Job Family: Risk

Monitors activities to minimize the company’s exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company’s activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Job Function: Business Control

Ensures transparency of business results, finance and processes. Typically organizes a reporting system and tracks goals accomplishment, collect and process data and provides managers with all necessary company management data and information.

Summary of Responsibilities:

The Associate, Business Control & Risk Management, represents the First Line of Defense and is responsible for partnering with Internal Controls to ensure strong internal controls capabilities and remediation of the internal control environment for the represented business line and/or functional area. The Associate works to identify, assess and action various risks throughout the assigned business line by executing defined risk programs.

Essential Functions:

  • Assists in the execution of Risk Control Self-Assessments (RCSA’s)
  • Independently conducts control testing including on-site observations, interviews with management and staff, analytical procedures and statistical/judgmental analysis and testing of data.
  • Analyzes documentation for evidence of successful and efficient performance.
  • Assists with the development and documentation of achievable and sustainable action plans to remediate identified control weaknesses.
  • Manages complex projects that involve working with businesses to improve controls to mitigate any deficiencies.
  • Partners with Internal Audit, Compliance, and/or lines of business for control testing and regulatory requests; escalating issues as needed.
  • Provides thematic analysis of issues for business to identify emerging trends.
  • Reports audit results and determines corrective action plans, as necessary.
  • Reviews current policies and procedures to identify process gaps and opportunities for improvement.
  • Partners with line of business in process walkthroughs to identify possible control breakdowns and gaps, reporting them to management.

Other Functions:

  • Other duties as assigned.

Requirements:

  • Education –
    • Bachelor’s Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.
    • or equivalent work experience
    • Master’s Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.
       
  • Experience –
    • 5-9 years Operational Risk Management, Internal Controls, Auditing, relevant line of business experience and/or legal or regulatory experience.
       
  • Skills & Abilities –
  • Experience in Risk & Control Self assessments, control frameworks, SOX / Operational Risk Control strongly preferred
  • Proficiency with Microsoft Office Suite including Excel, PowerPoint, Word, and Visio
  • Ability to build positive relationships with team members across the organization
  • Strong organizational skills with the ability to work in a dynamic environment, that requires the ability to manage multiple, and often competing priorities
  • Strong analytical and problem solving skills
  • Strong oral and written communication skills and the ability to summarize and present complex information and issues succinctly for the required target audience

Licenses & Certifications –

  • Other Risk Certification

Competencies:

  • Collaboration – Relationship Management:
    • Proficient – Applying and Executing
      • Knows who to reach out to inside and outside of one’s team to get work done
      • Takes action to enhance working relationships needed to achieve seamless work flow

 

  • Collaboration – Teamwork:
    • Proficient – Applying and Executing
      • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change
      • Provides assistance and coaches less experienced team members

 

  • Execution – Accountability:
    • Proficient – Applying and Executing
      • Follows through to meet commitments to others
      • Takes responsibility for achieving strong results, despite balancing multiple complex demands

 

  • Influence – Information Sharing:
    • Proficient – Applying and Executing
      • Uses information and data effectively to support a position and present a rational case

 

  • Influence – Two-way communication:
    • Proficient – Applying and Executing
      • Communicates in a timely and straightforward manner
      • Probes for additional information, clarifies assumptions and confirms agreed-upon actions
      • Keeps everyone involved informed about progress and issues

 

  • Risk Business Acumen – Industry Acumen:
    • Proficient – Applying and Executing
      • Stays current with industry and regulatory trends and emerging risk issues
      • Has good understanding of current market and competitive landscape that the organization operates within

 

  • Risk Management – Knowledge of Risk Management Policies, Regulations, Processes and Procedures:
    • Proficient – Applying and Executing
      • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results
      • Knows the relationship and impact of actions and results
      • Has an understanding of regulations impacting area supported

 

  • Risk Management – Risk and Compliance Adherence:
    • Proficient – Applying and Executing
      • Communicates the importance and benefits of risk management to counterparts
      • Displays natural skepticism and curiosity to question the status quo and uncover issues
      • Adheres to a good root cause analysis process

 

Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.
  • Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer’s Rights:

  • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will be evaluated in part based upon your performance of the tasks listed in this job description.
  • The employer has the right to revise this job description at any time.  This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.