About this role
This role supports Business Controls by analyzing and managing IT Risk as a first line of defense. The associate develops controls strategies, tests and monitors controls, performs root cause analysis, and ensures compliance including OCC Heightened Standards.
Key Responsibilities
- Assist in developing complex strategies and implementing controls, policies, and procedures
- Provide risk identification, assessment, control monitoring, control testing, and reporting expertise
- Investigate operational losses and support root cause analysis
- Leverage industry best practices and regulations for compliance including OCC Heightened Standards
- Implement corrective actions for control breakdowns and process/control deficiencies
Technical Overview
The position centers on Enterprise Risk Management (ERM) framework support, transforming data into business intelligence for stakeholders, and executing risk/control processes such as control monitoring, testing, and reporting. It also includes validation of program effectiveness and implementation of corrective actions for control deficiencies.
Ideal Candidate
The ideal candidate is a senior risk and controls professional who supports Business Controls as a first line of defense for IT Risk. They have hands-on experience assessing and testing controls, performing root cause analysis for operational losses, and ensuring compliance with OCC Heightened Standards within an Enterprise Risk Management (ERM) framework.
Must-Have Skills
conduct analysis related to identifyingassessingmitigatingand managing risks to comply with new or changing lawsregulationsregulatory guidanceand best practicessupports Business Controls in advancing risk managementstructureprocessesand tools in support of the organization's Enterprise Risk Management (ERM) frameworkmonitors and manages risks to ensure compliance and validation of program effectivenessprovides expertise and analysis related to identificationassessmentcontrolmonitoringtesting and reporting of risksleverages expertise and stays informed of industry best practices and regulations to ensure compliance including OCC Heightened Standardsimplements corrective actions in partnership with Business Controls leadership
Required Skills
Enterprise Risk Management (ERM) frameworkrisk identificationrisk assessmentrisk mitigationrisk monitoringrisk reportingcontrolscontrol policies and procedurescontrol monitoringcontrol testingroot cause analysisoperational lossbusiness intelligenceindustry best practicesregulatory guidancecomplianceOCC Heightened Standardscorrective actions
Hard Skills
Enterprise Risk Management (ERM) frameworkrisk identificationrisk assessmentrisk mitigationrisk managementrisk monitoringrisk reportingcontrol developmentcontrols policies and procedurescontrol monitoringcontrol testingroot cause analysisoperational loss analysisinformation gathering and integrationbusiness intelligence developmentcompliance with laws and regulationsindustry best practicesregulatory guidanceOCC Heightened Standards complianceprogram effectiveness validationdata and processes integrity classificationcorrective actions implementationsecond and third lines of defense coordination
Soft Skills
accountability for riskopenly exchanging ideas and opinionselevating concernscustomer-focused decision makingrelationship buildingpartnering with leadershipcommunication and stakeholder collaboration
Keywords for Your Resume
Business Controls Senior AssociateIT Riskfirst line of defenseEnterprise Risk Management (ERM) frameworkrisk identificationrisk assessmentrisk mitigationrisk monitoringrisk reportingcontrolscontrol policies and procedurescontrol monitoringcontrol testingroot cause analysisoperational lossbusiness intelligenceindustry best practicesregulatory guidancecomplianceOCC Heightened Standardsinternal auditsecond and third lines of defenseLegalComplianceEnterprise Riskcorrective actions
Deal Breakers
Must have experience with control testing/monitoring and risk identification/assessment for compliance, Must be able to work with OCC Heightened Standards requirements
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