IAM Risk Advisor-1st LOD

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Regular or Temporary:

Regular

Language Fluency:
English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Business Unit Risk Advisor II engages with Business Unit leadership in its management of risks and controls as well as its execution of risk program requirements. Execute, facilitate and/or monitor execution of Risk Program requirements (e.g., RCSA, KRIs, etc.). Provide strategic insight, risk advice and influence to assigned Business Unit. Concur with material risk taking by the Business Unit and escalate unacceptable risks.

Aggregate, integrate, correlate and report risks for assigned Business Unit. Present risk aggregation, key risks and emerging risks to senior Business Unit Leadership. Identify and opine on remediation to address weaknesses related to inadequate or failed processes, people, and systems, or external events and ensure effective remediation.

1. Provide strategic/tactical challenge & review of risks within the Identity & Access Management (IAM) Business Unit (BU) portfolio for the following:

* The identification of existing and emerging risks along with their root causes to senior leadership (BUs and Risk Advisors).

* The proposed remediation plans, controls, and key risk indicators (KRIs) which mitigate the overall risk within the BU's risk tolerance/appetite.

2. Monitor the trends and effectiveness of KRIs and escalate as appropriate to senior leadership.

3. Advise on any new/revised risk policy requirements to ensure they are consistent with the Bank's risk appetite, regulator expectations, and industry standards.

4. Identify areas of opportunity to improve risk visibility within the BU. Provide direction and guidance in the development of controls and governance mechanisms within the BU.

5. Assist/opine in the development of the Risk Appetite Framework metrics and KRIs within the BU, as well as, those defined by the BU for implementation across Truist (where applicable).

6. Advocate the Bank's risk culture, compliance with enterprise risk initiatives and promote sound risk management practices.

7. Provide connectivity between the output of risk programs as appropriate by coordinating with stakeholders to resolve highly complex or challenging issues.

8. Execute, facilitate and monitor risk governance mechanisms, including but not limited to, Compliance Risk and Control Self-Assessment (C-RCSA), Risk and Control Self-Assessment (RCSA), key risk indicators, policies, risk committees and other elements of the Enterprise Risk Framework.

9. In conjunction with Compliance Risk Management and Legal, monitor BU adherence to applicable policies, laws and regulations.

Job Description

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 (including, but not limited to H-1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN-1 or TN-2, E-3, O-1, or future sponsorship for U.S. lawful permanent residence status.)

This position is office-centric 5 days a week in one of our Truist hub locations.

Essential Duties and Responsibilities

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.

1. Provide strategic and tactical effective challenge for all risks present within the Business Unit (BU). Concur with key risk decisions and escalate unacceptable or key emerging risks to BU CRO and/or Business Unit Risk Committee.

2. Guide risk-taking behavior. Provide counsel and advice to BU and senior BU leaders.

3. Monitor risk exposures, concentrations and limits. Ensure risk levels stay within risk appetite.

4. Opine on new or revised risk program requirements to confirm they are consistent with the Bank's risk appetite, regulator expectations and industry standard.

5. Identify areas of opportunity to improve risk visibility within BU; develop and implement plan to transform opportunity into new processes and activities.

6. Assist in the development and opine on Risk Appetite Framework metrics and Key Risk Indicators within the BU as well as those defined by the BU for implementation across Truist (where applicable).

7. Advocate the Bank's risk culture, compliance with enterprise risk initiatives and promote sound risk management practices.

8. Provide…