Executive, Business Risk and Controls - Bank
Posted 2025-03-15About the position
The Executive, Business Risk and Controls position at USAA is responsible for leading the implementation of the first line of defense Risk management program for a line of business or staff agency. This role involves developing frameworks to capture Risk data, ensuring effective monitoring and management of Risks associated with business activities, and collaborating with various stakeholders to enhance Risk controls and compliance. The position requires strong leadership skills and a deep understanding of regulatory requirements and operational risk concepts.
Responsibilities
? Develops first line of defense controls, Risk programs and framework for line of business or staff agency.
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? Oversees the implementation and maintenance of the governance framework to include internal and external standards.
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? Manages the development of quality standards, operating policies, and procedures and directs implementation of approved changes.
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? Identifies Risk and/or quality control improvements and provides support for major initiatives as appropriate.
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? Partners with Senior Leaders in Audit, Compliance and Risk Management to provide input on control designs that address strategic, operational, financial and regulatory Risks.
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? Responsible for the governance, administration of compliance and operational documents and operating procedures.
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? Stays current of regulatory environment and new developments; develops and recommends action plans for initiatives that have regulatory impact.
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? Supports and engages in discussions with relevant regulators on the business Risk control program and results.
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? Keeps direct Senior Management apprised of changes and developments.
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? Establishes and monitors key performance and Risk indicators/metrics for line of business or staff agency.
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? Leads a team of professionals who perform overall assessments of operational Risks and controls, and conduct testing and analyses to identify, validate, and manage emerging Risk exposures.
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? Implements second line of defense Risk management programs in accordance with established roles and responsibilities.
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? Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.
Requirements
? Bachelor's degree; OR 4 years of related experience may be substituted in lieu of degree.
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? 10 years of experience with a focus on Business Management, Operations, Risk Management, Audit, Control, or Reporting required.
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? 6 years of people leadership experience in building, managing and/or developing high-performing teams required.
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? Experience collaborating with key resources and stakeholders, influencing decisions, and managing work to achieve strategic goals required.
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? Executive-level business acumen in the areas of business operations, industry practices and emerging trends required.
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? Strong knowledge of industry-related regulatory requirements, and operational risk concepts.
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? Demonstrated ability to successfully navigate and operate across multiple levels of an organization required.
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? Knowledge of federal laws, rules, regulations, and applicable guidance to area supported.
Nice-to-haves
? 5+ Years of Fraud and Claims Operations experience
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? Experience working across a complex Financial Institution
Benefits
? Comprehensive medical, dental and vision plans
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? 401(k)
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? Pension
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? Life insurance
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? Parental benefits
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? Adoption assistance
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? Paid time off program with paid holidays plus 16 paid volunteer hours
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? Various wellness programs
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? Career path planning and continuing education assistance
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