ORMP Risk Officer II - Fraud Risk

Truist • Raleigh, NC

3d

About The Position

The Operational Risk Management Programs Risk Officer II-Fraud is a senior subject matter expert responsible for the design, development, implementation, and execution of core operational and fraud risk program(s). This individual is a thought leader that will research, evaluate and recommend solutions for operational and fraud risk management programs and implement forward-looking systems and processes that support proactive risk management. 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.

Requirements

• Bachelor's Degree or an equivalent combination of education and experience.
• Ten years of banking or related management experience.
• Five years of management experience that includes direct supervisory responsibility.
• Possess and demonstrate strong Operational and Fraud Risk Management knowledge, leadership and decision-making skills.
• Strong analytical and organizational skills and extensive experience designing, developing, implementing and executing risk management programs.
• Ability to work independently with minimal direction and guidance.
• Excellent interpersonal skills with the ability to develop and maintain collaborative relationships with multiple stakeholders, interact effectively with all levels of management, and effect and influence change in a dynamic environment.
• Excellent verbal and written communication skills, with the ability to present issues, observations, and recommendations.
• Adept with Microsoft Office products.

Nice To Haves

• Advanced Business Degree (MBA, MS, MA, etc.).
• Industry Certification such as Certified Fraud Examiner (CFE).
• Experience in establishing new Corporate operational fraud risk programs or initiatives with large, complex financial institutions.
• Experience in fraud risk consulting / strategic planning roles.
• Experience working for or with (significant interactions) regulatory agencies (FRB, OCC, FDIC).

Responsibilities

• Design, establish and execute fraud risk management program and oversight framework that ensures appropriate identification, assessment, monitoring, reporting, and mitigation of operational fraud risk at Truist.
• Provide ongoing oversight of the company's fraud risk management activities.
• Develop and maintain fraud risk assessments, including periodic updates to identify potential gaps in controls and recommend enhancements.
• Ensure appropriate Key Risk Indicators are developed and maintained; identify and clearly articulate gaps to executives, and track recommendations to completion.
• Serve as an operational fraud risk expert for risk managers on higher risk and more complex assignments.
• Collaborate with Fraud Strategy, Fraud Operations, and first line of defense business unit teams to incorporate emerging threats into our acquisition and account management strategies.
• Report to executive management on the effectiveness of our fraud capabilities in the first line of defense.
• Track and monitor fraud issue remediations using GRC tools and report status updates to management.
• Ensure program components meet regulatory expectations and are aligned with industry best practices.
• Stay abreast of emerging issues related to Risk Management, business process automation and design and other relevant disciplines and incorporate new learning into work processes.
• Support the development and growth of teammates through on-going coaching and mentorship.
• Develop and maintain effective working relationships with stakeholders in all Business Units and second line functions.
• Drive a strong enterprise risk culture that aligns to Truist's purpose, mission, and values by fostering rigor and discipline focused on risk and compliance awareness, ethical business practices, transparency and escalation.

Benefits

• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees