Business Risk and Controls Advisor

First Horizon•Houston, TX

2d•Onsite

About The Position

The Business Risk and Controls Advisor sits in the first line of defense and is responsible for executing risk management programs and other first line of defense risk activities in support of line of business growth and revenue production. The role works directly with the business unit management teams to identify, manage, monitor and report risk through the execution of risk programs, policies, standards and procedures. The role also works directly with second line of defense risk management to ensure appropriate execution of risk activities including assessment of risk, development and oversight of controls, identification and escalation of issues, and governance and reporting. The role is on point to coordinate and assist with audits, exams and other inquiries from internal audit and regulators relative to risk management.

Requirements

Bachelor’s degree and 5 or more years of operational and enterprise risk management experience in a first or second line of defense capacity.
Experience with enterprise and operational risk programs at a large financial institution, including RCSA, KRI, operational losses, issues management, new and modified product risk assessment, and third party risk management.
Experience working with teams through change by creating a compelling vision for transformation.
Strong project management skills with ability to manage multiple concurrent projects successfully and a proven track record of strong execution on major initiatives.
Proficient at collaborating across business units and lines of defense and working with stakeholders to resolve complex issues.
Ability to articulate the connections across risk programs and influence stakeholders to leverage risk data in business decision-making processes.
Proficiency at assessing current processes with an eye towards efficiency and automation.
Strong oral and written communication skills with ability to communicate at all levels of an organization.
Proven ability at collaborating across the enterprise to solve complex challenges.

Responsibilities

Manage the implementation and execution of risk programs and policies in coordination with the second line of defense risk management organization including new product governance, Risk and Control Self-Assessment (RCSA), key risk indicators (KRIs), Enterprise Risk Report, issue management and operational loss management
Coordinate and support Business unit level risk assessments, including identifying, managing, monitoring and reporting line of business top risks and emerging risks
Develop first line of defense procedures that align with risk program and policy requirements.
Provide ongoing risk guidance, education and communication to business unit partners to ensure risk management expectations are met within the first line of defense.
Assess effectiveness of business unit controls through monitoring and testing, identify gaps and drive remediation of control deficiencies.
Escalate issues and gaps to line of business management and Risk.
Engage in internal audits including preparation of materials, assessment and remediation of findings, and provide updates to senior management.
Build strong relationships with business unit teammates, second line of defense partners, functional support units and other stakeholders to drive strong collaboration on risk program execution and the maturation of risk management across the enterprise.
Participate in industry forums and build relationships with other large banks across the industry.