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USAA · 23 hours ago

Business Risk and Controls Advisor I - Life Company

San Antonio, TX

Full-time

Onsite

Mid Level

$77K/yr - $147K/yr

4+ years exp

USAA is dedicated to empowering its members to achieve financial security, and they are seeking a Business Risk and Controls Advisor I to support their Life Company. This role involves overseeing business controls, conducting risk assessments, and collaborating with various departments to enhance compliance and risk management practices.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

Responsibilities

Advises the business on how to strengthen and manage their control environment pertaining to oversight of procedures/process, accurate regulatory reporting and filing, document governance, risk control self-assessments, procedure governance, control design, new product controls, CoSA Third Party Governance, or quality governance

Performs ongoing supervision and oversight of business controls which may include the coordination of testing, root cause analysis, control design, and examining key risk metrics to evaluate the effectiveness of established business controls

Performs risk data analysis, report preparation and trend analysis, utilizing business intelligence tools

Partners with business owners to assist them in the identification of control failures and assesses the impact

Assists with translating control deficiencies into action plans and facilitates effective and timely risk remediation through action plan oversight; provides recommendations to enhance governance practices in alignment with risk and compliance frameworks

Maintains processes, procedures, and tools for managing exception alerts as they occur, including monitoring of resulting exception cases

Provides control oversight to ensure compliance with laws and regulations

Serves as a resource to team members

Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Qualification

Risk managementCompliance managementBusiness controls designData analysisAudit engagement supportCritical thinkingOrganizational skillsCommunication skillsSelf-starter

Required

Bachelor's degree OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree. (Total of 8 years of experience without bachelor's degree)

4 years of experience supporting risk-related, compliance-related, or business control design activities; OR 4 years of experience in a relevant quantitative discipline; OR Advanced degree or designation in a risk management or quantitative discipline, and 2 years of experience supporting risk-related, and/or compliance-related, or business control design activities; OR PhD in a risk management or quantitative discipline

Preferred

US military experience through military service or a military spouse/domestic partner

3 or more years of operational knowledge of Life Insurance business processes, with expertise in at least one of the following areas: product development, sales and distribution, underwriting, policy administration, claims management, or customer service

2 or more years of experience supporting first line business partners with audit engagements of varying complexity

Proven ability to excel in highly dynamic and frequently changing environments

Skilled in effectively managing and prioritizing competing demands

Strong critical thinking, organizational and communication skills with ability to work cross collaboratively and functionally

Self-starter who is able to learn through self-directed development and hands-on experience