Head of Operational Risk Scenario Analysis, CCAR & Loss Events

Truist Bank

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profile Job Location:

Charlotte, VT - USA

profile Monthly Salary: Not Disclosed
Posted on: 2 days ago
Vacancies: 1 Vacancy

Job Summary

The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.

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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 Head of Operational Risk Scenario Analysis CCAR & Loss Events is responsible for the design development implementation and ongoing management of critical Operational Risk programs supporting enterprise wide risk identification monitoring assessment management reporting and governance. This role oversees the enterprise Scenario Analysis Program ensuring severe but plausible risk scenarios are identified assessed and aligned to Corporate Risk Inventory requirements to support capital planning stress testing and strategic decision making. The role also ensures the Internal & External Loss Events program remains aligned to industry benchmarking and peer loss data practices enhancing calibration accuracy emerging risk detection and the credibility of operational loss estimates used across capital and risk measurement processes. This individual serves as a senior subject matter expert within the Second Line of Defense providing independent oversight and effective challenge to the First Line and ensuring alignment with regulatory expectations risk appetite and industry-leading practices.

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. Lead the endtoend Operational Risk CCAR process ensuring coverage of all material risks consistent with SR 1519 and alignment with capital planning standards including loss forecasting scenario incorporation model assumptions and documentation.

2. Oversee and continuously enhance the enterprise Scenario Analysis (SA) Program in accordance with Truists Operational Risk Scenario Analysis Policy serving as the Second Line Risk Program Owner (RPO) with responsibility for governance execution standards and policy adherence monitoring.

3. Facilitate the systematic collection of expert opinions from business leaders SMEs and risk partnersincluding Legal Compliance Fraud Technology and Operational Riskto develop wellreasoned assessments of severe but plausible operational risk scenarios.

4. Ensure scenario coverage across Operational Compliance Technology and Financial Crimes Level 1 Risk Types.

5. Manage the integration of Scenario Analysis outputs into downstream processes including CCAR internal and external stress testing exercises risk appetite assessment capital adequacy planning and enterprisewide risk measurement routines.

6. Ensures the Internal & External Loss Events program remains aligned to industry benchmarking and peer loss data practices enhancing calibration accuracy emergingrisk detection and the credibility of operational loss estimates used across capital and risk measurement processes.

7. Provide robust Second Line of Defense oversight and effective challenge across Scenario Analysis CCAR and Loss Event Management ensuring firstline execution aligns with Truist policies regulatory standards and forwardlooking risk measurement expectations.

8. Conduct thematic analysis across scenarios and loss events to identify emerging risks control weaknesses and systemic vulnerabilities providing actionable insights to senior leadership governance committees and risk owners.

9. Coordinate crossfunctional engagement with Finance Model Risk Business Units Compliance and Technology to ensure consistent risk identification assessment and scenario linkage across the enterprise.

10. Serve as the operational risk subject matter expert for Scenario Analysis Internal/External Loss Events and Operational Risk CCAR providing training communication and awarenessbuilding across all participating Business Units and risk partners.

11. Prepare and deliver highquality regulatoryready documentation reporting and analytical materials to senior leadership internal audit and supervisory agencies ensuring transparency traceability and compliance with regulatory expectations.

12. Identify opportunities to enhance methodologies data quality stakeholder engagement and loss estimation capability by benchmarking industry trends leveraging external loss data and incorporating learnings from major risk events.

Qualifications

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.

1. Bachelors degree in business finance accounting risk management or related discipline or equivalent education and experience.

2. Fifteen years of banking or risk management experience.

3. Proven experience in a risk execution advisory or oversight role within first or second line of defense.

4. Strong analytical organizational and problemsolving skills with experience developing and executing complex programs.

5. Exceptional communication skills especially in producing regulatoryready documentation Boardlevel materials risk narratives and quantitative/qualitative justifications that withstand supervisory scrutiny.

6. Strong program management discipline with the ability to manage annual/quarterly CCAR deliverables scenario lifecycles validation feedback and crossenterprise change efforts under tight deadlines and regulatory timeframes.

7. Proven ability to lead crossfunctional stakeholder groups (Finance Model Risk Legal Technology Fraud Compliance and Business Units) and influence senior executives to drive risk program maturity across the 1LOD and 2LOD.

Preferred Qualifications:

1. Masters degree in Risk Management Business Administration or related field.

2. Risk certifications such as CRCM CAMS FRM or equivalent.

3. Experience with regulatory agencies (FRB OCC FDIC) including exam interactions.

4. Experience developing launching or maturing enterprise risk programs.

5. Experience within the Finance Business unit.

6. Expertise in CCAR Scenario Analysis and/or Loss Event program leadership and/or execution.

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 tax-preferred 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 full-time or part-time 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 non-temporary position for which you apply based on full-time or part-time 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 Law E-Verify IER Right to Work


Required Experience:

Director

The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have ...
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Key Skills

  • Computer Science
  • Operational Risk Management
  • Risk Management
  • Six Sigma
  • Continuous Improvement
  • Lean
  • Process Improvement
  • Pricing
  • Customer Support
  • Alteryx
  • Kaizen
  • Project Management Lifecycle

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