GCO Senior Risk Program Execution Consultant I (Model Area Coordinator)
GCO Senior Risk Program Execution Consultant I (Model Area Coordinator)
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Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
A first line of defense risk professional within the Governance and Controls Program Office you will be responsible for the execution and management of model risk program activities spanning a portfolio of models.In this critical role you will operate at the intersection of models risk programs and various areas to include: Consumer and Small Business Banking Enterprise Operational Services Enterprise Technology Finance Government Affairs and Legal Team Human Resources and Wholesale.
To do so effectively you will be required to be immersed in key business processes operate in a dynamic environment interact with a variety of stakeholders and deliver on the expectations of a high visibility role.
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.
Understand the models used within a given business area.
Serve as the new model collection point and drive value to Consumer and Small Business Banking Enterprise Operational Services Enterprise Technology Finance Government Affairs and Legal Team Human Resources Risk Management Organization and Wholesale areas.
Identify potential models and submit for disposition on an ongoing basis.
Ensure the effective execution of the model inventory attestations across the associated model portfolio.
Verify vended model adhere to policy stipulation related to vendor models active participation in Third Party Risk Assessments regarding models.
Active participation in Change Risk Assessments regarding models.
Report on model risk at the associated Business Unit Risk Committee and participate in other model related committees. Participate in audit and regulatory exams.
Serve as the liaison between associated model owners other model area owners key Consumer and Small Business Banking Enterprise Operational Services Enterprise Technology Finance Government Affairs and Legal Team Human Resources Risk Management Organization Wholesale representatives and the second line model risk program.
Serve as a subject matter expert for the Model Risk Management programs providing effective challenge as necessary to program updates changes. Participate in all applicable working groups for the Model Risk Management programs.
Communicate train and monitor adherence of business partners and GCO teammates for changes in risk programs; provide coaching on effective execution sharing best practices where applicable.
Deliver/Influence recommendations for updates to relevant policies and procedures for risk program execution.
Establish working relationships with line of business leaders and second line third line of defense risk partners.
Communicate and present materials in various leadership forums committees.
Mentor teammates within the risk execution team.
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelors degree in Business Finance or science/academic field or equivalent education and related training or experience.
Eight years of risk management experience in financial services or related field.
Broad risk and regulatory knowledge with an emphasis on: Credit Market Liquidity Compliance Operational Reputation and Strategic Risks.
Strong leadership and communication skills.
Ability to think critically and strategically multitask and drive change.
Strong quantitative governance and analytic abilities.
Ability to provide effective challenge to senior levels of leadership.
Demonstrated proficiency in basic computer applications such as Microsoft Office software products.
Ability to travel occasionally overnight
Preferred Qualifications:
Masters degree in Finance or equivalent science/academic field.
Financial Risk Manager (FRM)/Certified Financial Analyst (CFA) or equivalent advanced risk certification
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
Senior IC
Employment Type
Full-Time
