Risk and Compliance Analyst - Testing

Company: USAA
Location: Lewisville
Posted on: August 4, 2022

Job Description:

Purpose of JobWe are seeking a hardworking and talented Risk and Compliance Analyst.

Hybrid schedules available for our Charlotte, NC, Plano, TX and San Antonio, TX offices.

Positioned as the first line of defense to ensure that management programs, risk analytics, and business operations are all running efficiently. To support risk and compliance-based initiatives, this person will partner and collaborate with Compliance and Risk Management, as well as Business Operations, IT, Audit Services, and Regulators. Minimize risk exposures and reinforce the overall control environment, ensure adherence to the governance of the established risk framework and ongoing supervision controls testing, including risk and control self-assessments, identification, and evaluation of control effectiveness, identifying control failures, facilitating remediation, market conduct exams, and monitoring. Identifies critical data-driven insights connected to the business by using risk assessment data.

This role will partner and collaborate with the Compliance and Risk, as well as the Information Technology (IT) and Chief Financial Office (CFO) department to perform control testing to formally evaluate the risk and control environment.

This role will be directly accountable for a variety of activities related to risks and controls for the Chief Financial Office (CFO) Department. Specific responsibilities are as follows:

---Build control test scripts/instructions, failure conditions
---Document completeness and accuracy
---Lead/Summarize independent walk-throughs
---Performing formal control testing of new and existing controls
---Identifying control failures
---Proactively identify gaps in the system of record
---Maintain system of record
---Identification and evaluation of control effectiveness
---Facilitating risk and compliance remediation
---Internal and external audits and regulatory exams supportJob RequirementsAbout USAAUSAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.Primary Responsibilities:

• Handles and drives solutions for stronger controls on behalf of the business, and in support of risk and/or regulatory compliance related initiatives which may include oversight of procedures/process, accurate regulatory reporting and filing, document governance, risk control self-assessments, procedure governance, control design, or new product controls, supplier governance, or quality governance.
• Performs ongoing supervision and oversight of business controls and shares knowledge with team members to evaluate the effectiveness of established business controls.
• Serves as a Subject Matter Authority in one or more key areas e.g., Governance, Risk, and Compliance data (GRC) data.
• Holds responsible for data analysis, report preparation and trend analysis, applying business intelligence tools.
• Anticipates business needs and proactively finds opportunities to improve and strengthen the control environment through practical insights.
• Provides recommendations in the execution of Risk Control Self-Assessments (RCSA's), translates control deficiencies into action plans and provides recommendations to improve governance practices in alignment with risk and compliance frameworks.
• Partners with customers to drive improvement efforts to correct or prevent unfavorable trends and assess the impacts.
• Facilitates, manages, and leads projects involving cross-functional areas.
• Leads project team through concept, planning, execution, and implementation phases for effective and timely risk remediation.
• Counsels senior management on the status of their control environment related to risk identification and control weaknesses. Identifies critical areas to lead all aspects of and advance issues and findings to appropriate partners.
• Establishes and maintains processes, procedures, and tools for handling exception alerts as they occur, including monitoring and management of resulting exception cases. Ensures adherence and compliance with regulations and controls by examining and accurate documentation.
• Primary resource to less knowledgeable team members and/or cross functional team members and consults on risk mitigation opportunities. Stays informed of changes to the regulatory environment to ensure accurate compliance with processes and requirements are followed.Minimum Requirements:
  • Bachelor's Degree: 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • Minimum of 6 years' experience supporting risk and/or compliance related activities in a financial services operating environment or other relevant industry OR 6 years' experience in a relevant quantitative field OR advanced degree or designation in a risk management or quantitative field, and 4 years' experience supporting risk and/or compliance related activities OR PhD in a risk management or quantitative field, and 2 years of experience supporting risk and/or compliance related activities.Preferred Experience:
    • Solid understanding in business application controls and ITGC's.
    • Technical designation such as CISA, CISSP, CIA, or similar.
    • 4+ years' experience with audit or internal control testing.
    • SOX Testing/ Public Company experience.
    • Master's Degree
    • Knowledge of COSO, understanding of Sarbanes Oxley 404 and PCAOB Standards.
    • Broad knowledge of risk, audit, controls (specifically financial controls; organizational, Application and IT General Controls), compliance and fraud.Compensation:USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $88,200.00-144,500.00.Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.*Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.Shift premium will be addressed on an individual basis for applicable roles that are consistently scheduled for non-core hours.Benefits:At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.Please click on the link below for more details.USAA Total RewardsRelocation assistance is not available for this position.

Keywords: USAA, Lewisville , Risk and Compliance Analyst - Testing, Professions , Lewisville, Texas