Business Controls Associate – Capital Markets

Business Controls Associate – Capital Markets

Requirements

• Bachelor’s degree or equivalent experience required (related field preferred). Master’s degree in relevant field preferred.
• 3-5 years of financial services industry, risk, business controls or compliance experience preferred.
• Professional verbal and written communication skills and the ability to communicate with discretion and understanding when confidentiality is needed.
• Must be analytical and possess ability to interpret and apply policies and regulations across a complex business.
• Must identify opportunities and take action to build trusting strategic internal and external relationships and networks.
• Must be approachable, collaborative, and have the ability to influence others through interpersonal skills, thrive in a fast-paced dynamic environment, and be comfortable quickly shifting priorities on short notice.
• Working knowledge of Microsoft Office products required.
• Ability to work with minimal supervision.
• For Investment Advisors: FINRA Series 7 and 63/66 licenses preferred. Knowledge of the Securities industry and SEC / FINRA regulations is preferred.

Responsibilities

• Assists Business Controls leadership with the development of strategies and the implementation of controls, policies, and procedures to increase effectiveness and efficiency related to the respective business or functional area.
• Provides relevant expertise and analysis to stakeholders related to the identification, assessment, control, monitoring, testing and reporting of risks.
• Investigates and assists in root cause analysis in instances of actual or potential operational loss.
• Gathers, analyzes, aggregates, and reports on risk data to develop solutions to analytical, implementation, and/or execution issues.
• Prepares status reports and presentations to keep all levels of management and internal partners abreast of key milestones, alternatives, and potential risks.
• Stays informed of industry best practices and regulations to ensure compliance with all applicable laws, standards, and requirements, including, but not limited to, OCC Heightened Standards.
• Supports the resolution of internal audit, compliance, or risk management related issues that could impact the classification, availability, or integrity of data or processes.
• Highlights control breakdowns, inadequate processes, and unexpected events and implements corrective actions in partnership with Business Controls leadership to address process and control deficiencies.
• Builds effective relationships with other internal business control groups and the second and third lines of defense (such as Legal, Compliance, Enterprise Risk, and Audit).
• Collaborates with groups responsible for ensuring adequate information barriers are established, and the Bank’s compliance with policies and processes are in place in order to control the flow of certain information.
• Assists with execution of regulatory change management program to ensure applicable regulatory changes are identified, assessed against business processes, reported, and complied with.
• Partners with business managers in implementing remediation actions per the Bancorp issues management framework and assists in the coordination of business ownership of processes, risks, controls, and tests.
• May assist in the coordination for updates to archive systems (e.g., Open Pages, PPM, etc.).
• May help to conduct RCSA and facilitate sessions where risks and Controls are rated.
• May, if applicable, assist in the external change management for credit bureau working with centralized team and Business Controls leadership as build out testing.
• Works with LOB to identify initial set of inherent risks and controls and identifies applicable governance processes.
• May assist in the determination of identifying loss events with applicable RCSA risks/processes and coordinate root cause analysis and action plan evaluation with LOB.
• Partner with Support Functions or Risk Experts to identify applicable Enterprise and Risk Appetite indicators; coordinate with LOB root cause analysis, action plan development and implementation.
• Collaborate with LOB on threshold evaluation and proposed changes and enter proposed indicators and changes in the appropriate tool or system.
• Actively participates in issue remediation.
• Executes on ERM Scenario Analysis risk management program.
• Develop and manage product inventory and execute on ERM product risk review program.
• May have additional responsibilities as assigned by LOB/Function leadership and Risk, including but not limited to: Assistance with new government programs or special internal projects. Assistance with new risk programs required by regulatory authorities or ERM. Assistance with diligence, closing, and other matters relating to acquisitions and strategic investments.

Preferred Qualifications

• Master’s degree in relevant field preferred.
• 3-5 years of financial services industry, risk, business controls or compliance experience preferred.
• For Investment Advisors: FINRA Series 7 and 63/66 licenses preferred. Knowledge of the Securities industry and SEC / FINRA regulations is preferred.