Operational Risk Governance and Transformation Analyst

Truist•Richmond, VA

1d•Onsite

About The Position

Execute the governance processes over design, execution, and implementation of Operational and Model Risk Transformation initiatives and program risk. Perform processes under the oversight of the Head of Operational Risk Governance and Transformation that inform stakeholders of Operational and Model Risk transformation initiatives execution status and risks, including support of corporate governance processes through results reported to Operational Risk Management Committee, Enterprise Risk Committee and Board Risk Committee. For this opportunity, Truist will not sponsor an applicant for work visa status or employment authorization, nor will we offer any immigration-related support for this position. This includes, but is not limited to: H-1B, F-1 OPT F-1 STEM OPT F-1 CPT J-1 TN-1 TN-2 E-3 O-1 Future sponsorship for U.S. lawful permanent residence status. LOCATION: Please note that candidate must be located in or willing to self-relocate to one of the following locations: Charlotte, NC Winston Salem, NC Richmond, VA. Truist 'in office' requirement is 5 days per week. No full remote or relocation assistance available at this time. This role involves executing processes providing oversight of Operational and Model Risk Transformation initiatives helping drive quality of risk execution activities. Focus will be on risk program elements (RCSA, Control Testing, Third Party, Model, Change and Products and Services); scope will be dynamic based on execution priorities and progress. The analyst will inform and escalate results to the Head of Operational Risk Governance and Transformation for further escalation. They will identify thematic trends in execution deficiencies, root causes and recommendations of remedial actions to inform risk execution activities. The position also involves executing processes and reporting for a highly effective governance function appropriately tailored to Operational and Model Risk, with a primary focus on managing Operational and Model Risk Operations as well as policy governance activities. It includes executing processes that drive ORM reporting to ensure transparency of operational and model risk to various stakeholders such as the Chief Risk Officer, Operational Risk Management Committee, other risk committees, senior risk officers, Executive Leadership, Board of Directors, LOB managers, and regulatory agencies. The analyst will provide inputs and data to execute the OMRM Risk Taxonomy, Risk Appetite Framework operational risk metrics and Key Risk Indicators, as well as for issues management reporting and monitoring for Operational Risk Management issues, driving accountability for timely remediation. They will also provide inputs and data to manage OMRM policies, creating expectations and timelines to ensure consistency, adequacy, and Policy and Procedure Management adherence. Furthermore, the role executes ORM Operations processes to support risk program owners and hiring managers with onboarding team members, provides targeted feedback in areas of focus to Operational and Model Risk Program Owners, tracks remedial actions, and monitors for sustainable execution. The analyst is expected to successfully influence change in a manner consistent with Truist’s Purpose, Mission, and Values, and proactively identify improvements to policies, procedures, practices, processes, and methodologies to support continuous improvement of risk execution.

Requirements

Bachelor’s degree in business or related field or equivalent education and related training or experience.
Three years of relevant experience in Risk or Audit functions in a large regional or US financial services firm or commensurate experience as an examiner within the financial services industry.
Excellent time management organizational skills; excellent communication (verbal and written), and presentation and facilitation skills. Excellent interpersonal and relationship management skills with ability to interact and communicate within all levels of organization.
Ability to work strategically and tactically, comfortable seeing and defining the “big picture” while managing details.
Strong business acumen and organizational agility.
Ability to identify and influence change in a manner consistent with Truist’s purpose, mission, and values.
Profound sense of ethics and the ability to deal with pressure from constituents.
Proficiency in Microsoft Office including Word, Excel, PowerPoint, and others.

Nice To Haves

Experience providing hands‑on operational support for RCSA and controls activities, including execution of assigned tasks and routine control actions.
Demonstrated ability to coordinate day‑to‑day work, track deliverables, and help ensure stakeholders remain aligned and informed.
Experience assisting with the maintenance and updating of procedures, job aids, policies, and control documentation.
Strong individual contributor with a detail‑oriented, execution‑focused mindset, capable of managing multiple operational tasks and meeting deadlines.

Responsibilities

Execute processes providing oversight of Operational and Model Risk Transformation initiatives helping drive quality of risk execution activities. Focus will be on risk program elements (RCSA, Control Testing, Third Party, Model, Change and Products and Services); scope will be dynamic based on execution priorities and progress. Inform and escalate results to the Head of Operational Risk Governance and Transformation for further escalation.
Identify thematic trends in execution deficiencies, root causes and recommendations of remedial actions to inform risk execution activities.
Execute processes and reporting for a highly effective governance function appropriately tailored to Operational and Model Risk. Primary focus will be to manage Operational and Model Risk Operations as well as policy governance activities.
Execute processes that drive ORM reporting to ensure transparency of operational and model risk to Head of Operational Risk Governance and Transformation in support of Chief Risk Officer, Operational Risk Management Committee, other risk committees, senior risk officers, Executive Leadership, Board of Directors, LOB managers, as well as regulatory agencies.
Provide inputs and data to execute the OMRM Risk Taxonomy, Risk Appetite Framework operational risk metrics and Key Risk Indicators.
Provide inputs and data to execute issues management reporting and monitoring for Operational Risk Management issues, driving accountability for timely remediation.
Provide inputs and data to manage OMRM policies, creating expectations and timelines to ensure consistency, adequacy, and Policy and Procedure Management adherence.
Execute ORM Operations processes to support risk program owners and hiring managers with onboarding team members.
Provide targeted feedback in areas of focus to Operational and Model Risk Program Owners based on results of governance activities, track remedial actions, and monitor for sustainable execution under the oversight of the Head of Operational Risk Governance and Transformation. Successfully influence change in a manner consistent with Truist’s Purpose, Mission, and Values.
Identifying executional best practices to inform Operational and Model Risk teams.
Proactively identify improvements to policies, procedures, practices, processes, and methodologies to support continuous improvement of risk execution.

Benefits

medical
dental
vision
life insurance
disability
accidental death and dismemberment
tax-preferred savings accounts
401k plan
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
10 sick days (also prorated)
paid holidays
defined benefit pension plan
restricted stock units
deferred compensation plan