Head of Enterprise Risk Governance

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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:

As a member of the Enterprise Risk Management senior leadership team, responsible for all elements of enterprise risk governance, including the firm’s committee governance structure, risk reporting policy and standards, enterprise-wide risk aggregation and escalation, and enterprise policy management. Leads a team of professionals in ERM, providing risk governance standards and requirements for management, executive, and board level committees and policies. Responsible for implementation of the company’s risk governance programs to include committee governance, risk reporting, risk aggregation, and policy management. Partner with the Chief ERM Officer, Chief Risk Officer, and Chair of the Board Risk Committee to facilitate effective risk governance and oversight at the executive and Board levels. Provides training on effective risk governance practices across the lines of defense. Facilitates and coordinates risk reporting and aggregation in collaboration with first and second line of defense partners.

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. Responsible for the vision, leadership, communication, and oversight of the enterprise risk governance strategy, framework, and associated policies and procedures.

2. Drives positive risk culture behaviors that support a strong control environment and fosters proper identification, aggregation, and escalations of risk.

3. Manages the enterprise committee governance structure including the chartering and administrative coordination of all management and executive committees in alignment with respective Board committees.

4. Establishes and oversees the firm’s practices and standards for risk reporting across all applicable risk programs and committees.

5. Develops and facilitates enterprise-wide standards and requirements for risk aggregation and escalations across the committee governance structure.

6. Partners with the Chief ERM Officer, Chief Risk Officer, and Chair of the Board Risk Committee to facilitate the planning, operations, reporting, and management of the ERM Committee, Enterprise Risk Committee, and Board Risk Committee.

7. Establishes and maintains comprehensive inventory of risk committee coverage areas including required risk framework, regulatory, and other key risk governance topics.

8. Maintains the firm’s enterprise governance policy including standards and requirements for policy management and committee governance.

9. Manages the enterprise system of record for policy and procedure management including system development, maintenance, and strategy.

10. Provides standards, guidance, and tools for risk leaders across LOD1 and LOD2 in delivering consistent and effective reporting and governance practices to support their responsibilities in identifying, assessing, controlling, mitigating, and reporting risks across the firm.

11. Provide enterprise-wide independent oversight of adherence to governance and reporting standards and requirements across the firm.

12. Leads team of professionals in developing, training, facilitating, and overseeing all key activities for enterprise risk governance, reporting, aggregation, and escalations.

13. Provides SME support to LOD1 and LOD2 constituents on effective design, implementation, and ongoing management of risk governance and reporting activities.

14. Communicate/work with regulators through periodic meetings, regulatory exams and ad hoc regulatory requests and inquiries.

15. Provide centralized management support for governance components of audits and regulatory examinations.

16. Responsible for oversight of the development of and adherence to risk management policies, procedures, and processes in alignment with all applicable supervisory guidance and expectations.

17. Executes additional risk governance initiatives as directed by the Chief Risk Officer, Executive Leadership, and the Board Risk Committee.

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 or science/academic field, or equivalent education and related training or experience 

2. Fifteen to twenty years of risk management experience in financial services or related field.

3. Broad risk and regulatory knowledge with an emphasis on: Credit, Market, Liquidity, Compliance, Technology, Operational, Reputational, and Strategic Risks.

4. Strong leadership and communication skills.

5. Ability to think critically and strategically, multi-task, and drive change.

6. Strong quantitative, governance, and analytic abilities.

7. Ability to provide effective challenge to senior management.

8. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

9. Ability to travel, occasionally overnight.

Preferred Qualifications:

1. Masters degree in Finance or equivalent science/academic field.

2. Twenty plus years of risk management experience in financial services or related field.

3. 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 position. Truist 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 Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s 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 supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals 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.

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