Technology Risk - IT Business Controls Associate

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GENERAL FUNCTION:

As first line of defense, conducts analysis related to identifying, assessing, mitigating, and managing risks necessary to comply with new or changing laws, regulations, regulatory guidance, and best practices deemed necessary by key stakeholders (such as Legal, Compliance, Enterprise Risk and Audit partners). Supports IT Business Controls (IT BC) / Technology Risk leadership in advancing risk management, structure, processes, and tools in support of the organization’s Enterprise Risk Management (ERM) framework. Transforms data into business intelligence by developing and presenting information and insights to stakeholders. Monitors and manages risks to ensure compliance and validation of program effectiveness with assigned line of business or functional area, and Bancorp initiatives.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s and LOB’s risk appetites, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

DUTIES & RESPONSIBILITIES:

• Support IT BC leadership in the execution of responsibilities to conduct risk assessments, assist with self-assessment programs, perform technical research on risk topics, and other activities that support risk management goals for the IT Division.
• Act as an advisor to IT leadership and managers regarding risk and compliance matters.
• Support IT BC leadership on the development and implementation of information technology risk management strategy and operating priorities.
• Support the integration of IT Risk Management practices into key Information Technology and business areas.
• Build effective relationships with key individuals who own and support processes you are responsible for evaluating, including the appropriate line-of-business risk managers.
• Provide mentoring, as needed, to Business Controls Analysts, Senior Analysts, and Associates to assist in the development of their careers and performance of their job responsibilities.
• Play a leadership role on key projects and ensure that key IT risks are being adequately addressed.
• Support the resolution of Internal Audit, Compliance, or Risk Management related issues that could impact the confidentially, availability or integrity of data or processes.
• Support compliance with applicable regulations, which include, but are not limited to the following: FDICIA, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999.
• Leverages expertise and stays informed of industry best practices and regulations to ensure compliance with all applicable laws, standards, and requirements, including, but not limited to, OCC Heightened Standards.
• Assist in the development and refinement of key IT BC metrics and reporting.
• Represent IT BC leadership on information technology governance groups, committees or other projects, as needed.
• Provides relevant expertise and analysis to stakeholders related to the identification, assessment, control, monitoring, testing, and reporting of risks.
• Identifies the need for, and collects information to, better understand issues, problems, and opportunities; integrates information from a variety of sources; and detects trends, associations, and cause-effect relationships.
• Highlights control breakdowns, inadequate processes, and unexpected events. Implements corrective actions in partnership with Business Controls leadership to address process and control deficiencies.
• Builds effective relationships with other internal business control groups and the second and third lines of defense (such as Legal, Compliance, Enterprise Risk, and Audit).
• Assists with execution of regulatory change management program to ensure applicable regulatory changes are identified, assessed against business processes, reported, and complied with.
• Partners with business managers in implementing remediation actions per the Bancorp issues management framework; coordinates business ownership of processes, risks, controls, and tests.
• May assist in the coordination root cause analysis, action plan evaluation with LOB and monitor action plan implementation.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• 3-5 years of information Technology experience required.
• 3-5 years of financial services industry, risk, business controls or compliance exper