Business Risk and Controls Analyst

The Business Risk and Controls Analyst focuses on determining the reliability and effectiveness of internal financial controls across the company. Under general supervision, this job is responsible for testing financial records, processes and systems, auditing the recording of transactions and preparing reports of findings and recommendations for management.

Key Responsibilities and Duties

• Monitors, evaluates, and tests financial records, processes, and systems.
• Audits recording of transactions and compliance with applicable laws, agreements, and policies.
• Prepares reports of findings and recommendations to management.
• Supports cross-functional implementation of compliance programs including analysis of transaction-level risks in operational areas.
• Drafts documentation of business processes, risks and controls.
• Analyzes policies and procedures currently in place within the organization to identify gaps and weaknesses.
• Communicates new or revised policies, procedures, processes and related documents to appropriate team members and/or business units.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2 Years Required; 3 Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
6IC

Additional Responsibilities:

• Ability to research and identify reliable best practices and identify control gaps.

• Ability to identify areas of continuous improvement and lead change

Required Qualifications:

• 2+ years experience in Financial Operations and Service background

Preferred Qualifications:

• Knowledge of related audit, regulatory and corporate policy requirements and specific processes within the Financial Services Industry.

• Requires key functional knowledge including Retirement & Individual Services experience, Control development/testing, Risk Management, Financial Regulatory Compliance and/or Project management

• Strong discipline in quality standards

• Experience with Retirement & Individual Services applications (OMNI suite, Unified Desktop)

• Proficient with Microsoft Excel, Word, and PowerPoint

• Strong analytical, leadership and problem solving skills

• Process improvement focused and solution driven

• Knowledge of retirement products and/or financial services

• Build strong and collaborative relationships with peers, business partners and RIS management

Attachments

Related Skills

Business Acumen, Business Process Improvement, Business Process Understanding, Communication, Compliance, Continuous Improvement Mindset, Detail-Oriented, General Risk Management, Influence, Relationship Management, Risk Mitigation, Risk Monitoring

Anticipated Posting End Date:

2025-01-22

Base Pay Range: $54,700/yr. - $89,400/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emo