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AVP Business Risk and Controls
USAA
San Antonio, TX, United States
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Purpose of Job
Responsible for the development and administration of a comprehensive business risk control management program. The purpose of the team is to lower the residual risk profile of the Property & Casualty company by ensuring that the business assesses and effectively manages risk. This leader will provide the executive team with a review and evaluation of the effectiveness of the design and operation of internal controls which includes documenting risks and controls and conducting self-assessment testing. This includes conducting root cause analysis and designing strategic controls to address gaps.
Responsible for:
• Providing expertise to business leaders and designs controls to address strategic, operational, financial and regulatory risks.
• Improving and automating QA and QC of the control environment
• Leading regulatory reviews, collection of data and materials for regulators or internal audit.
• Governance and reporting of the internal and external suppliers control framework.
• Governance of all P&C procedures, new product development, suppliers and documents, including the frameworks, reporting and escalation.
Job Requirements
Build strong internal customer relationships with executive and senior leadership, acting as an expert to define and achieve strategic and operational objectives through a strong risk culture and control environment. Stay abreast of industry regulatory developments; keep Senior Management apprised of changes and developments. Provide direction and guidance for the implementation, development, and maintenance of the organization’s internal and external suppliers control framework.
This leader will
• Effectively govern on-going supervision of business controls including risk and control self-assessments, identification and evaluation of control effectiveness, identifying control failures, facilitating risk and compliance remediation and monitor the environment to minimize risk exposure and strengthen the control environment.
• Utilizing systems and technology to automate and streamline processes. Influence and innovate solutions to mitigate risk and prevent risk exposures which result in significant business impacts.
• Coordinate with other control partners (e.g. Audit, Compliance and Ops Risk) and regulatory examiners to minimize duplication of effort.
• Lead in developing dashboard reports to communicate the relative effectiveness of the control infrastructure and identify potential trends and themes by using internal and external incident data to develop a more proactive and anticipatory approach to risk management.
• Ensure ongoing data analysis of risks, vulnerabilities, and market trends to compare internal performance to industry standards and best practices.
• Participate in all regulatory entrance conferences, closing conferences and other meetings.
• Coach and counsel colleagues to facilitate professional development.
Minimum Education:
Bachelor's Degree
4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
Minimum Experience:
10 or more years of financial services experience with a focus on Business Management, Operations, Risk Management, Audit, Control, or Reporting required.
Knowledge of Property & Casualty insurance.
8 or more years of people leadership experience required.
Strong knowledge of industry-related regulatory requirements, and operational risk concepts.
Demonstrated ability to successfully navigate and operate across multiple levels of an organization required.