BRCO CONTROL TESTING SENIOR ANALYST

The Business Risk and Control Officers (BRCOs) play a pivotal role in guiding the business to identify and understand risk exposures and the controls needed which are integral to reducing risk and safeguarding our customers and colleagues. BRCOs are critical to the success of the Risk Management Lifecyle and play a role in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. BRCOs are members of the First Line of Defense (1LOD) who:

• Provide leadership and coaching to the 1LOD to proactively identify and effectively manage risks.
• Translate and educate 1LOD to enable and drive business relevant implementation of Second Line of Defense (2LOD) risk management frameworks, policies, taxonomies, and inventories.
• Review, validate, and test 1LOD activities to ensure adequate control design and effective control operation.
• Provide credible challenge to 1LOD colleagues, ensuring safeguard and risk mitigation measures are upheld in decision making and adherence to 2LOD frameworks and policies prior to 2LOD review.
• Drive two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
• Collaborate and coordinate across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
• Document, aggregate and report risk in accordance with the risk management lifecycle.

The Business Risk and Control Office (BRCO) Control Testing Senior Analyst is responsible for the structured, post-execution review to validate that processes and controls function as intended to mitigate risk, including SOX controls. The BRCO Control Testing Senior Analyst must not be involved in the design and execution of controls.

A SUCCESSFUL CANDIDATE WILL HAVE THE FOLLOWING KNOWLEDGE AND/OR SKILLS:

• Demonstrated knowledge of banking industry products, services, and workflows.
• Familiarity with critical business processes and controls, as well as overall business needs and objectives, for the Line of Business.
• Track record of driving timely and effective issue resolution in a financial services context.
• Ability to educate colleagues on risk management, controls, and compliance concepts, frameworks, and policies.
• Ability to build relationships and engage constructively in a proactive and transparent approach with cross-functional stakeholders, to challenge status quo and drive buy-in to achieve common goals.
• Ability to clearly and effectively communicate, including ability to summarize and explain findings and issues to a wide range of audiences.Ability to apply sound judgment and appropriately escalate concerns and issues.
• Ability to demonstrate managerial courage and inspire colleagues across the organization to embrace change.
• Ability to gather, analyze and interpret large datasets from various sources.
• Strong analytical and critical thinking skills with high attention to detail and accuracy.
• Ability to manage multiple tasks and projects, prioritize work, meet deadlines, achieve goals.
• Self-starter, able to work fairly independently under the guidance of management, flexible and can navigate through an organization.

POSITION QUALIFICATIONS:

• Bachelor’s degree from an accredited university or in lieu of a Bachelor’s degree a High School Diploma or GED and 6 years of Risk Management, Compliance, or Audit experience
• 4 years of experience in Risk Management, Compliance, Audit, or related field
• Experience in executing and reporting on testing reviews and/or regulatory issue validation activities Knowledge and experience with testing/auditing principles, particularly in the understanding of risk and controls, execution of testing strategy and approach, perform data testing
• Understanding of rules, laws, regulatory requirements and ability to develop/execute tests to assess for compliance with requirements
• Proficient in risk management software, MS Office Suite, and other related technology tools
  Strongly Preferred: 2years of experience in Financial Services industry and/or knowledge of Business Line products, services, and business processes
  WORK BEST CATEGORY:Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
  HOURS:8:00am - 5:00pm Monday - Friday
  SALARY:To Be Determined Based on Individual Experience

The Business Risk and Control Officers (BRCOs) play a pivotal role in guiding the business to identify and understand risk exposures and the controls needed which are integral to reducing risk and safeguarding our customers and colleagues. BRCOs are critical to the success of the Risk Management Lifecyle and play a role in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. BRCOs are members of the First Line of Defense (1LOD) who:

• Provide leadership and coaching to the 1LOD to proactively identify and effectively manage risks.
• Translate and educate 1LOD to enable and drive business relevant implementation of Second Line of Defense (2LOD) risk management frameworks, policies, taxonomies, and inventories.
• Review, validate, and test 1LOD activities to ensure adequate control design and effective control operation.
• Provide credible challenge to 1LOD colleagues, ensuring safeguard and risk mitigation measures are upheld in decision making and adherence to 2LOD frameworks and policies prior to 2LOD review.
• Drive two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
• Collaborate and coordinate across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
• Document, aggregate and report risk in accordance with the risk management lifecycle