SunTrust Bank Private Wealth Management (PWM) provides a full array of wealth management products and professional services to wealthy individual and institutional clients. We also offer professional investment management and trust services to clients seeking active management of their financial resources. Wealth Management capabilities include Mortgages, Equity Lines, Commercial Equity Loans and Cash Management as well as Traditional, Roth, Rollover, Simple, SEP IRA and Annuities solutions. Insurance solutions are offered for Personal, Business, and Long Term Care as well as Estate Services such as Settlement, Personal and Charitable Trusts, and Insurance for Estate Planning.
The Operational Risk Officer role is part of the Consumer Solutions Operational Risk team and has responsibility for risk oversight of PWM products and services, including support of the Chief Investment officer and the Head of Advisory Solutions. This role will work in partnership with the line of business to identify and mitigate risk by providing day-to-day risk support and support of large scale strategic initiatives. The role is responsible for risk management, completing operational risk assessments, business change risk assessments, understanding of policies and procedures for PWM, analysis of actual and emerging risks on processes, products, and services, issue management, as well as monitoring and risk remediation strategies. The incumbent must be able to maintain strong relationships and coordination with the business and other risk partners have a deep understanding of operational risk, private wealth management, and preferably compliance risk.
Operational Risk and Control Consultant: Develops, analyzes, coordinates and implements the Line of Business (LOB) Risk Management programs and framework. Serves as the risk management expert providing leadership and meaningful input to ensure risk data is captured, risk mitigation strategies and controls are developed, and appropriate reporting mechanisms are in place. Assures the LOB has adequate processes and procedures in place to effectively monitor and manage risk.
Monitors LOB activities related to compliance with operational risk guidelines. Completes Process and Targeted Reviews of increasing complexity. Provides thought leadership and expertise in risk management practices and subject matter knowledge. Develops practical solutions to implement operational controls and risk management activities. Assesses levels of adherence/execution and identifies risk/control improvements in areas with medium to high complexity. Identifies cross-segment solutions and collaborates across multiple areas to identify effective and practical controls and risk management techniques. Conducts risk and control assessments on a regular basis to ensure function/LOB meets corporate standards that specifically relate to internal operating controls. Makes recommendations for the update of function/LOB control, policy, procedures, and risk/control documentation. Develops project plans, determine scope, lead projects, and verify deliverables with stakeholders. Interpret results and present findings and recommendations. Assists with knowledge transfer of resources and processes to other Risk teams May serve as mentor to other Risk & Control Consultants, as well as lead other teammates in project execution. Qualifications
Bachelor’s degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience.
7 years of work experience including audit, operations, process engineering or risk management
Strong knowledge of SOX and other industry-related regulatory requirements, and fiduciary and operational risk concepts.
Professional communications and presentation skills.
Strong relationship management skills.
Demonstrated leadership or management skills.
Solid knowledge of risk management principles and controls, broad-based business practices, and deep understanding of segment/function business processes, with the ability to assess levels of adherence/execution and identify risk/control improvement opportunities.
MBA or advance degree
Consulting experience at a corporate level
Experience in the financial services industry
Project management skills
Strong writing and verbal skills
Ability to work within a matrix organization
Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national originTo review the EEO Poster, copy and paste the following link into your browser: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf http://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf