Risk and Compliance Analyst - Testing
Company: USAA
Location: Plano
Posted on: August 4, 2022
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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 DegreeKnowledge 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, Plano , Risk and Compliance Analyst - Testing, Professions , Plano, Texas
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