Business Control Officer – Vice President, Operations Risk Analyst

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Title: Business Control Officer – VP, Operations Risk Analyst
Term:  6-month contract – November 2024 start date 
Location: 100% remote in the following states: Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York. North Carolina, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington State 

Our client, a start up digital bank, is seeking a Business Control Officer as a VP, Operations Risk Analyst, for a temporary contract.

The Role: The Business Control Officer will help to build and drive the Business Control Office (BCO) programs and governance structure for a proactive management of risk to support new ventures, while leveraging modern technology capabilities. This role will support Retail products’ (Unsecured loans & Deposits).  The role will primarily support completion of the RCSA in Q1.
 
Responsibilities:

• Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents              
• Performs process re-engineering to improve efficiency and strengthen controls.
• Performs risk management framework and related risk assessments.
• Supports 1st LoD via performance of issue management & root cause analysis         
• Assesses business-unit level key metrics to ensure operational effectiveness while also establishing and managing the bank’s metrics.     
• Provides education for staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance                   
• Oversees 1st LoD activities and assists specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs.                    
• Supports the management team (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants
• Ensures that risk management considerations are embedded in processes and strategies   

Required Skills:

• 5+ years of prior experience in Consumer Banking (Loans and Deposits) in Enterprise/ Operational Risk or Business Control.
  • Strong RCSA experience working in a large banking institution
    • 1st and 2nd LOD and Consumer Lending experience highly desired
  • This role is more business side focused as opposed to IT focused
• Experience writing and designing controls for risk assessments
• Prior experience working with data / data warehouse as it relates to controls
• Solid skills with the following:
  • Excel
  • PowerBI
  • PowerPoint
• Strong experience with GRC tools. 
  • SAI360 is preferred but others will work as well
• Bachelor’s degree required or equivalent experience
• Experience with executing operations risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and or external examinations
• Must have strong interpersonal skills to interface with all levels of management, as well as good analytical and communication skills.
• Strong leadership and communication ability, inclusive of conflict resolution and project management abilities

Preferred Skills:

• Use of SAI360 as a GRC tool
• Data automation – between GRC system, excel, Power BI
• MBA/MA/MS in a relevant discipline
• Working knowledge of regulatory requirements for Consumer Lending
• Consumer Lending experience ideally in building new product or start up type environment

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