Business Risk and Controls Advisor Senior - Regulation W Program
Location: San Antonio
Posted on: October 18, 2020
Purpose of JobWe are currently seeking a talented Business Risk
and Controls Advisor Senior for the San Antonio Office or 100%
Remote Work Environment.
The Reg. W Program Office is seeking a Senior Advisor (Individual
Contributor) to assist efforts to assess and document affiliate
service transactions, applying a keen understanding of financial
and activity-based cost accounting and transfer pricing principles.
This role will heighten the Program Office's capability to identify
and substantiate the important characteristics of affiliate service
transactions for Reg. W compliance, with the Senior Advisor acting
in a highly visible and important role, participating at management
committees and interacting with all levels of senior management
around the Enterprise.
Promotes risk-awareness and the overall effectiveness of risk and
compliance management programs, risk analytics and operations in
the business. This role will partner and collaborate with
Compliance and Risk Management, as well as Business Operations, IT,
Audit Services, and Regulators to support risk and compliance-based
initiatives. Responsible for supporting business leader adherence
to the established risk framework and ongoing supervision of
business controls; including, risk and control self-assessments,
identification and evaluation of control effectiveness, identifying
control failures, facilitating risk and compliance remediation,
internal and external audits and regulatory exams, and monitoring
of the first line of defense to minimize risk exposures and
strengthen the overall control environment. Manages risk assessment
data and identifies key data-driven insights tied to first line of
defense.Job RequirementsAbout USAAUSAA knows what it means to
serve. We facilitate the financial security of millions of U.S.
military members and their families. This singular mission requires
a dedication to innovative thinking at every level.In each of the
past five years, we've been a top-40 Fortune 100 Best Companies to
Work For , and we've ranked among Victory Media's Top 10 Military
Friendly Employers 13 years straight. We embrace a robust veteran
workforce and encourage veterans and veteran spouses to apply. (17
seconds) (31 seconds)
- Identifies and manages existing and emerging risks that stem
from business activities and the job role.
- Ensures risks associated with business activities are
effectively identified, measured, monitored, and controlled.
- Follows written risk and compliance policies and procedures for
- Directs and oversees multiple initiatives in support of risk
and/or regulatory compliance related initiatives including but not
limited to: oversight of procedures/process, accurate regulatory
reporting and filing, document governance, risk control
self-assessments, procedure governance, control design, new product
controls, CoSA Third Party Governance, or quality governance.
- Applies a holistic understanding of risk and regulatory
compliance to includes business strategies and solutions.
- Responsible for first line of defense data analysis, report
preparation and trend analysis, utilizing business intelligence
- Designs solutions for unanswered business questions and
anticipates future business needs.
- Directs, organizes and oversees action plans designed to
enhance governance practices in alignment with risk and compliance
- Influences and develops innovative solutions to mitigate risk
and prevent risk exposures which result in significant business
- Manages the most complex projects involving cross-functional
areas within the first line of defense.
- Defines and outlines new approaches to problem resolution and
leads project team from concept through implementation.
- Advises senior management on the status of their control
environment related to risk identification and control
- Identifies critical areas to monitor and escalates issues and
findings to appropriate stakeholders.
- Serves as a primary resource to cross functional team members
and advises on risk mitigation opportunities.
- Stays informed of changes to the regulatory environment to
ensure proper compliance with processes and requirements are
- 6 years of experience supporting risk and/or compliance related
activities in a financial services operating environment or other
relevant industry OR 6 years of experience in a relevant
quantitative discipline Or advanced degree or designation in a risk
management or quantitative discipline, and 4 years of experience
supporting risk and/or compliance related activities Or PhD in a
risk management or quantitative discipline, and 2 years of
experience supporting risk and/or compliance related
- Bachelor's Degree OR 4 additional years of related experience
beyond the minimum required may be substituted in lieu of a degree
(10 years total required experience without a
degree).*Qualifications may warrant placement in a different job
level*When you apply for this position, you will be required to
answer some initial questions. This will take approximately 5
minutes. Once you begin the questions you will not be able to
finish them at a later time and you will not be able to change your
- 1+ years working knowledge of Reg W and HOLA requirements.
- Working knowledge of financial and activity-based cost
accounting, transfer pricing principles and Banking industry
experience (compliance, risk and/or audit), specifically in regard
to banking products and operations with expert knowledge of
operational risk and controls.
- Third Party Risk Management, due diligence and contracting
experience or intercompany equivalent.
- Excellent written and verbal communication skills including
experience with executive management committee and board materials
with a keen sense for attention to detail.
- Program/project management experience.
- Proven ability to effectively operate in a highly matrixed
- Working knowledge of implementing risk and control assessments
(RCSA s) and developing and implementing control test plans.
- Familiarity with Governance Risk and Compliance (GRC) software
to store and manage risk and control documentation.The above
description reflects the details considered necessary to describe
the principal functions of the job and should not be construed as a
detailed description of all the work requirements that may be
performed in the job.At USAA our employees enjoy one of the best
benefits packages in the business, including a flexible business
casual or casual dress environment, comprehensive medical, dental
and vision plans, along with wellness and wealth building programs.
Additionally, our career path planning and continuing education
will assist you with your professional goals.USAA also offers a
variety of on-site services and conveniences to help you manage
your work and personal life, including seven cafeterias, two
company stores and three fitness centers.Relocation assistance is
not available for this position.For Internal Candidates:Must
complete 12 months in current position (from date of hire or date
of placement) or must have manager s approval prior to posting.Last
day for internal candidates to apply to the opening is 10/19/20 by
11:59 pm CST time. Associated topics: application architect,
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Keywords: USAA, San Antonio , Business Risk and Controls Advisor Senior - Regulation W Program , Accounting, Auditing , San Antonio, Texas
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