Purpose of JobThis role will lead the TPRM Shared Services Organization.
The organization is comprised of three teams.
The Reporting, Data and Analytics team is responsible to work across the enterprise to develop requirements for third party reporting and analytics then develop capabilities to meet those requirements.
This team is also the enterprise owner for third party data.
The Inventory team is responsible to ensure USAA has an accurate inventory of third party relationships and a process to maintain that inventory as well as determine when third party relationships are added to the inventory without following required processes.
The Quality monitoring team is responsible for testing execution to third party requirements for all USAA employees.
The team is responsible to develop and maintain test scripts that will be used to test adherence to the program.
The team will also execute test in a consistent and repeatable manner as well as identify trends that need to be addressed either by first line of defense or the program maintained in the second line of defense.
The Executive ensures that operational risks are being proactively and effectively identified, assessed, mitigated, monitored, and reported to the Enterprise senior leadership.
Ensures the business team adheres to the USAA’s Operational Risk Framework and Procedures as well as Enterprise Operational Risk Guidelines.The Executive serves as key advisor responsible for recognizing and reporting strategic and aggregate risks across the business while advancing the Enterprise Risk Management function for aggregation, quantification, and qualification of risks.
The Executive will have exposure to boards and members of executive council, and will be responsible for the aggregation and reporting of risks to senior leadership, in addition to working with those same individuals to effectively assess and influence business decisions and direction.
Partners with other officers within the Chief Risk Office organization to influence and set strategy for advancement of the risk management framework.
In doing so, this individual will set direction for a multitude of risk management programs and oversee the delivery of those programs across the line of business.Job RequirementsServes as a key advisor engaging in senior leaders’ strategy discussions, real-time evaluations of risks, and effective challenge to ensure safety and soundness of the business and accomplishment of objectives.Establishes a best-in-class Risk Management framework to ensure comprehensive oversight and management of risks across the full risk taxonomy.
Ensures the risk aligns within appetites tolerances and strategic goals, product plans, forecasts, and adjusts to variances.Leads a team of employees dedicated to managing risk and overall strategy, in alignment with a strong effective risk governance and oversight.Sets the agenda, builds diverse high-performing teams, and sells the vision.
Ensures training and coaching of employees and provides the team with development opportunities.Establishes a long-term view of how risk systems should be adapted and integrated to maximize the ability to manage risk in an environment shaped by regulatory change and disruptive, emerging technologies.Ensures effective and appropriate policies, procedures, and controls are in place supporting all risk processes, systems, strategies, and implementations.Establishes trust and rapport with senior business leaders to sustain oversight of the second line risk role.Partners with the senior risk executives in managing overall risk appetite to include the identification and definition of key methods, metrics, and limits.Partners across Risk Management, Finance, and the business while effectively challenging variances to plan and strategies to mitigate.
Provides advice to other key business partners and drive key decisions assessing risk and reward through effective challenge.Actively engages line of business leaders to ensure all risks are appropriately addressed consistent with policy and the Risk Appetite.
Interacts & engages with all product & channel leaders on complex, multi-product processes and procedures while factoring in all legal & regulatory requirements.Liaises with Compliance and CLO on legal & regulatory considerations that impact business operations and product offerings in accordance with federal and state regulations.Liaises with Compliance and CLO to influence sound governance structure for oversight of risks and business operations.Required:Bachelor's Degree in relevant discipline OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.10 or more years of related business/risk experience developing strategies, managing major initiatives and delivering results in a large financial institution or professional business services environment.6 years of people leadership experience in building, managing and/or developing high-performing teams.Experience developing and implementing an enterprise-wide risk management program that adheres to regulatory requirements and expectations.In-depth knowledge of risk frameworks including: risk governance; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan (monitoring, assessment and testing).Demonstrated ability to influence at senior levels within an organization.Proven capability to communicate effectively across the 1st and 2nd Lines of Defense and build collaborative relationships.Strong written and oral communication skills, including the ability to communicate complex analyses to a non-technical audience.Strong problem-solving, critical thinking and analytical skills.Preferred:Extensive experience in a large FI in Third Party Risk Management function, preferable in multiple parts of the TPRM lifecycle, i.e.
procurement, sourcing, program, directly managing, etc.Experience with Third Party testing, through audit, QA/QC, compliance, risk, etc.Leadership experience in Reporting Data & Analytics in TPRM, with a strong ability to draw intelligence from raw data.
Experience Tableau or similar systems.Significant accomplishments leading and building TPRM programs through regulatory issues and closing consent orders.