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Enterprise Risk Management Officer

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Enterprise Risk Management (ERM) Specialist is responsible for serving as a thought leader and subject matter expert to support the design, development, and implementation of one or more assigned ERM Programs. Supports aligned ERM Program Managers and ERM Risk Program Owner in the planning and execution of initiatives to support assigned ERM Programs. Ability to independently interact with leaders across the Risk Management Organization (RMO), business units, and control functions to support ERM Program execution and oversight. Serves as an advisor to the aligned ERM Program Managers and ERM Risk Program Owner to drive critical support activities including but not limited to, preparation and associated materials for meetings with key internal stakeholders (e.g. Business Unit Leadership, BURM Leadership, BUCRO Leadership, Risk Program Owners).

This position will sit in-office 4 days a week, locations for consideration are listed. No remote option available. No additional locations will be considered.

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time. 

  • Drives critical elements of the design, development, implementation, and oversight of one or more assigned ERM Programs (e.g., Issues Management Program, Risk Measurement Program, Policy Management Program) to support the aligned ERM Risk Program Owner.
  • Supports and facilitates assigned ERM Programs policy and procedure documentation, training, communication and oversight activities across the enterprise.
  • Executes key components of the design and delivery of Quality Assurance related to assigned ERM Programs, including the testing strategy, outputs, and reporting for management and/or board level committees to demonstrate program effectiveness.
  • Coordinates with and supports Business Unit Risk Managers (BURMs), Business Unit Chief Risk Officers (BUCROs) and Risk Program Owners ensure assigned ERM Programs requirements are understood and executed appropriately.
  • Provides thought leadership, subject matter expertise and indirect leadership within the broader ERM organization to plan and execute key strategic initiatives related to assigned ERM Programs.
  • Supports critical components of assigned ERM Programs presentation materials for key internal stakeholders (e.g. Business Unit Leadership, BURM Leadership, BUCRO Leadership, Risk Program Owners, Management Committees) and external regulators, including the associated preparation for ERM Leadership team.
  • Communicates regularly and escalates risks associated with execution of ERM Programs to the applicable ERM Program Managers, ERM Risk Program Owner and ERM Leadership team.
  • Work independently, with guidance in only the most complex situations.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's degree or equivalent education and training.
  • Ten+ years of related experience or an equivalent combination of education and experience.
  • Broad and in-depth knowledge within own professional discipline and other related disciplines.  Sound understanding of business and organizational strategies and processes.
  • Knowledge of the industry's competitive landscape and an understanding of the market and regulatory factors that shape the industry.
  • Strong written and verbal communication skills.  Ability to interpret and explain complex information to a range of audiences.  Ability to influence others to adopt a new perspective and handle interpersonal issues with tact and diplomacy.
  • Ability to exercise judgment and sophisticated skills in solving complex technical, operational, and organizational challenges in the context of business objectives and priorities.
  • Ability to lead projects of significant complexity and risk exposure.  Ability to provide direction and mentor less experienced teammates.

Preferred Qualifications:

  • Graduate degree in related field.
  • Twelve+ years of related experience.
  • Previous experience in banking, with specific emphasis on reporting, business intelligence, systems, technology, data, risk, compliance or related areas.
  • Relevant professional or technical certifications.
  • Experience with languages and tools such as Python, SQL, SAS, Qlik, Tableau, etc.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law   Pay Transparency Nondiscrimination Provision   E-Verify

Average salary estimate

$135000 / YEARLY (est.)
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$120000K
$150000K

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What You Should Know About Enterprise Risk Management Officer, Truist

At Truist, we're on the lookout for an exceptional Enterprise Risk Management Officer to join our vibrant team in Richmond, Virginia. This is a fantastic opportunity for anyone passionate about risk management and eager to make a real impact. In this role, you will serve as a thought leader and a subject matter expert, supporting the design, development, and implementation of key ERM Programs. Your expertise will help facilitate critical initiatives while fostering collaboration across various business units and control functions. You will work closely with ERM Program Managers and Risk Program Owners, providing valuable insights to support their efforts in overseeing risk management at our organization. As an Enterprise Risk Management Officer, you'll be responsible for creating and managing policy documentation, training, and communication strategies, as well as executing key quality assurance components to demonstrate the effectiveness of our processes. The role requires strong communication skills, as you'll be crafting presentation materials for internal stakeholders and external regulators alike. With a focus on fostering a culture of risk awareness, you'll play a critical part in escalating and addressing risks in our ERM Programs, driving strategic initiatives, and providing guidance to less experienced teammates. If you have over ten years of relevant experience and a proven track record of successfully navigating complex organizational challenges, we encourage you to apply and become part of our dedicated team that's shaping the future of risk management at Truist.

Frequently Asked Questions (FAQs) for Enterprise Risk Management Officer Role at Truist
What responsibilities does the Enterprise Risk Management Officer at Truist have?

The Enterprise Risk Management Officer at Truist is responsible for leading the design, development, and implementation of various ERM Programs. This includes documentation, training, and communication activities. You'll also oversee quality assurance processes, ensuring that program effectiveness is demonstrated to management and board-level committees.

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What qualifications are needed for the Enterprise Risk Management Officer role at Truist?

To qualify for the Enterprise Risk Management Officer position at Truist, candidates should possess a Bachelor’s degree, ten or more years of related experience, and a broad understanding of business strategies. Strong verbal and written communication abilities are also essential, as you will need to convey complex information effectively.

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How does the Enterprise Risk Management Officer at Truist interact with other departments?

As the Enterprise Risk Management Officer, you will interact independently with leaders across the Risk Management Organization and various business units. This collaboration is crucial for supporting ERM Program execution and oversight, ensuring all requirements are understood and met across the enterprise.

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What does a typical work schedule look like for an Enterprise Risk Management Officer at Truist?

The position of Enterprise Risk Management Officer at Truist involves a 1st shift schedule, and you'll be required to work in the office four days a week. It's an opportunity to engage with your team and leadership directly in a collaborative environment.

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What benefits are offered for the Enterprise Risk Management Officer position at Truist?

Truist provides a comprehensive benefits package for the Enterprise Risk Management Officer role, including medical, dental, vision insurance, a 401k plan, and paid vacation and sick days. Additional benefits may include participation in a pension plan and stock options based on your position.

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Common Interview Questions for Enterprise Risk Management Officer
How do you prioritize risk management initiatives as an Enterprise Risk Management Officer?

When prioritizing risk management initiatives, it's essential to assess the impact and likelihood of risks and align them with organizational objectives. I typically develop a prioritization framework that considers both qualitative and quantitative assessments to identify the most critical areas to address first.

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Can you share an experience where you improved an ERM program?

In my previous role, I conducted an extensive review of our existing ERM processes and identified gaps in communication between departments. I initiated a cross-functional team to develop a new communication strategy that enhanced awareness and compliance with ERM protocols, leading to a measurable reduction in risk incidents.

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What strategies do you use to communicate complex risk concepts to various stakeholders?

I focus on tailoring my communication style to my audience. I find it effective to use visual aids and real-life examples to contextually explain complex concepts, ensuring clarity and engagement while fostering an understanding of the importance of risk management.

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How do you stay updated on industry regulations and trends relevant to risk management?

I regularly engage with industry associations, subscribe to relevant publications, and participate in workshops and conferences. Networking with other professionals also offers firsthand insights into emerging trends and regulatory changes.

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Describe your experience with risk assessment tools and software.

I have extensive experience using risk assessment tools such as Qlik and Tableau for data analysis and visualization. I'm adept at employing these tools to facilitate risk identification processes and present analysis in a way that's easily digestible for stakeholders.

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How do you manage relationships with cross-functional teams to ensure ERM program success?

Building strong relationships is key, so I prioritize regular communication and collaboration with cross-functional teams. I also ensure that I actively solicit their input, fostering a sense of ownership and accountability for the successful implementation of ERM programs.

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What approach do you take to mentor less experienced teammates in the ERM field?

I adopt a hands-on mentorship approach by providing guidance on projects while encouraging independent thinking. I also make it a point to share resources and facilitate knowledge-sharing sessions that help them build their skills and confidence.

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Can you give an example of a challenging situation you've faced in risk management and how you resolved it?

A significant challenge I faced was when a sudden regulatory change impacted our existing ERM framework. I convened a task force to quickly assess the implications and revised our policies accordingly, ensuring compliance without disrupting ongoing operations.

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In your opinion, what are the key skills for an Enterprise Risk Management Officer?

Key skills include analytical thinking, effective communication, project management, and the ability to influence others. Additionally, having a deep understanding of the market and regulatory landscape is crucial for navigating risks effectively.

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What motivates you to pursue a career in Enterprise Risk Management?

I've always been driven by the challenge of identifying and mitigating risks that could impact an organization’s success. The dynamic nature of risk management and the opportunity to influence strategic decisions make it a fulfilling career for me.

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For our clients: Provide distinctive, secure and successful client experiences through touch and technology. For our teammates: Create an inclusive and energizing environment that empowers teammates to learn, grow and have meaningful careers. Fo...

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DATE POSTED
April 1, 2025

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