Managing Director, Senior Risk Officer, TIAA Wealth & Advice Solutions

TIAA•Frisco, TX

1d•Onsite

About The Position

The Senior Risk & Compliance Officer directs operations of the organization's activities for risk management and compliance. It is responsible for the execution of organization's risk and compliance strategy. This job provides overall guidance in the identification of areas of vulnerability within the organization and oversees the development of corrective action plans to remediate concerns. This job also manages multiple teams within risk and compliance led by senior managers and managers. The Senior Risk Officer will support efforts to establish and maintain a proactive, forward-looking dialogue around enterprise risks, emerging threats, and risk mitigation strategies to ensure the business achieves its strategic objectives while operating within established risk appetite.

Requirements

University (Degree) Preferred
10+ Years Required
Physical Requirements: Sedentary Work
10+ years of investment advisory, broker-dealer, or financial services risk management experience with 5+ years of management experience.
Strong interpersonal skills and the ability to interact effectively with people at all levels of the organization.
Ability to think critically and strategically, finding creative and practical solutions to achieve objectives while managing complex risks.
Excellent oral and written communication skills, including the ability to deliver effective presentations.
Ability to adapt to and support change in dynamic risk environments.
Demonstrated ability to work collaboratively with cross-functional groups and provide tactical support to senior management.
A highly collaborative team player who can effectively manage and influence relationships that are widely dispersed both functionally and geographically.

Nice To Haves

Experience in a financial services company, law firm, or consultancy firm as a risk management professional, compliance officer, attorney, or regulatory officer (SEC, FINRA).
Working knowledge of enterprise risk management frameworks, risk assessment methodologies, and risk governance structures.
Strong knowledge of the Investment Advisers Act of 1940, FINRA rules, and MSRB rules.
Series 7 and 24 certifications or must obtain within the first six months after start date.
Experience in a senior risk management or compliance leadership role for a broker-dealer; Master's degree, JD, or risk management certification (FRM, PRM, or equivalent) preferred.

Responsibilities

Directs the establishment of short to mid-term risk and compliance strategies to support and protect the organization's operations.
Advises on potential areas of compliance vulnerability and risk within the organization.
Contributes to the design of corrective action plans for the resolution of problematic issues and provides overall direction on how to avoid or deal with similar situations in the future.
Develops and implements strategies relating to response to alleged violations of rules, regulations, policies and procedures and advises on evaluation and initiation of investigative procedures.
Influences the Board of Directors and others concerning compliance and ethics initiatives and ensures understanding of complex risk and compliance matters.
Manages performance of teams through regular, timely feedback as well as the formal performance review process to ensure delivery of high quality risk and compliance services and engagement, motivation, and development of teams.
Support the development and oversee the execution of enterprise risk management initiatives to proactively identify, assess, and mitigate material risks, ensuring effective coordination and allocation of risk management resources across the organization.
Assist the CCO in maintaining the Wealth business's risk appetite framework, monitoring adherence to established risk tolerances, and escalating concerns to senior leadership as appropriate.
Collaborate with business leaders to ensure that strategic, operational, reputational, and regulatory risks are appropriately identified, assessed, and integrated into business planning processes.
Implement comprehensive risk assessment methodologies to identify and evaluate emerging risks, including market risk, operational risk, technology risk, third-party risk, and regulatory risk across all Wealth business lines.
Support the development and maintenance of risk indicators, metrics, and reporting frameworks that provide timely insights into the organization's risk profile and the effectiveness of risk mitigation efforts.
Coordinate risk-based monitoring, testing, and scenario analysis activities to verify that risk controls are operating effectively and identify opportunities for enhancement.
Partner with Legal, Compliance, and other corporate functions to provide integrated risk advisory services and ensure coordinated risk management across the enterprise.
Work with business leaders to support Wealth product development and management initiatives, providing risk assessments and mitigation recommendations for the firm's managed accounts, brokerage products, and operations.
Support the cultivation of a strong risk culture by promoting risk awareness, accountability, and transparency throughout the organization.
Assist in assessing regulatory developments and their strategic implications for the business, providing risk-based analysis to inform response strategies and regulatory engagement approaches.
Support the establishment, review, and maintenance of risk management policies, frameworks, and documentation to address regulatory requirements and minimize regulatory risk exposure.
Collaborate with other risk and compliance leaders to implement and execute risk management programs addressing sales practices, conflicts of interest, privacy, and fiduciary responsibilities.
Assist in preparing comprehensive presentations for senior management and the Board of Directors regarding the organization's risk profile, risk appetite adherence, emerging risks, and risk management program effectiveness.
Support the development of enterprise risk appetite reporting, ensuring appropriate consideration of regulatory, strategic, and operational risks.
Develop materials that capture risk trends, emerging threats, remediation efforts, and mitigation outcomes.
Participate in engagement with state and federal securities and insurance regulators, supporting the CRO in representing the organization's risk management capabilities and assisting in regulatory examination preparation.
Implement and oversee risk management programs addressing quality assurance, employment training, conflicts of interest, privacy, reporting, and record retention, ensuring alignment with the overall risk management framework.
Support corporate strategic initiatives by identifying associated risks and assisting the business in operationalizing risk mitigation requirements.
Manage team performance through regular feedback and formal performance review processes to ensure successful delivery of risk management objectives and the development of team members.