Job Information
Truist Business Unit Chief Risk Officer - Operations in Charlotte, North Carolina
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
The Truist Business Unit Chief Risk Officer (BU CRO) organization is designed to provide Independent Oversight and Effective Challenge of policy-based Risk Program execution, and the comprehensive risk profile (emerging and current risks) across Truist. The primary components of the BU CRO design include:
• Independent Oversight - Performing Independent Oversight to evaluate the effectiveness of Truist’s risk management practices, and risk-taking activities across the enterprise through clearly defined and delineated roles & responsibilities across three lines of defense.
• Risk Management Activities - The operating model and risk management practices performed by the BU CRO organization including Independent Oversight, Risk Advisory, Management Accountability, and Governance & Reporting that support effective risk management execution.
• Risk Management Enablers - The tools, structures and foundational capabilities utilized by BU CROs to support effective and consistent execution of Risk Management Activities from risk identification, analysis, and evaluation of risk (both current and emerging) across Truist.
This BU CRO will cover our Operations organization and serve as the second line of defense independent oversight function for assigned Business Unit(s) to aggregate, integrate, and correlate all risks that occur within the BU and associated businesses and product lines to provide significant strategic recommendations to the Chief Risk Officer, Executive Management and the Risk Committee of the Boards. Engage across the full spectrum of risks to ensure appropriate oversight and governance of first line risk taking activities. Responsible for second line of defense independent oversight function for Capital Planning. Manage team which performs data quality assessments.
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.
Through robust 2nd line oversight, ensure compliant execution to the corporate risk management framework for all eight risk types in the 1st line. Aggregate, report and escalate risk accordingly.
Provide strategic risk advisory to the Business Executive Leader.
Chair the Business Unit Risk Committee and actively serve as member on various Committees, Councils and Working Groups, Board meetings, regulatory agency meetings and examinations to offer 1st Line effective challenge, ensure risk management strategies are appropriately communicated and that risk programs are appropriately represented.
Escalate pertinent issues or significant events to Risk Program owners, executive management and/or the Board for all eight risk types. Influence and support management and board level or other aggregate reporting with respect to the Business Unit risk exposures, programs, and remediation efforts across all eight risk types.
Monitor the Business Unit risk and control framework for adequate design, documentation, and effectiveness in order to meet internal and regulatory requirements/expectations.
Where applicable, serve as a Risk Program escalation point and/or execute on Risk Program effective challenge requirements.
Thoroughly document effective challenge on topics such as Business Unit strategies, personnel alignment/organizational hierarchy, change initiatives, issues remediation, risk appetite/KRI thresholds and results, policy changes, risk limits, governance routines, control design and effectiveness, material risk takers, incentive plans, and discretionary awards.
Produce independent ad-hoc risk assessments (i.e., M&A risk considerations or retrospective reviews).
Lead team of risk professionals in support of these job duties to include salary administration, performance assessment, coaching, team member selection, training and career development of staff.
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.
Advanced graduate degree in Business, Finance or equivalent science/academic field.
Twenty years of risk management experience in financial services or related field, including extensive experience in areas such as credit underwriting or capital and liquidity management.
Strong leadership and communication skills in the discussion of risk management with a wide range of management levels.
Broad risk and regulatory knowledge.
Superior ability to think strategically, multi-task, and drive change.
Strong quantitative, governance, and analytic abilities.
Ability to make decisive and quick decisions.
Executive and Board level presentation skills
Preferred Qualifications:
Twenty-five years of risk management experience in financial services or related field.
Ability to forge strong, trusting relationships with BU Executive Leaders.
FRM/CFA or equivalent advanced risk certification (or relevant Advanced Degree).
Ability to translate 2nd line risk framework objectives into actionable and executable tasks for the Business Unit Risk Managers.
Experience working with regulators
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 (https://benefits.truist.com/)
. 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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