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Enterprise Risk Management Manager - Enterprise Issues Management

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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) Manager is responsible for supporting the design, development, and implementation of an assigned ERM Program in partnership with the ERM Leadership team. Supports leadership in the planning and execution of ERM initiatives to support the assigned ERM Program and collaborates 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 ERM Leadership team and drives 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).

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 an assigned ERM Program (e.g., Issues Management Program, Risk Measurement Program, Policy Management Program), in partnership with applicable ERM Risk Program Owner and members of the ERM Leadership team.
  • Supports and facilitates assigned ERM Program policy and procedure documentation, training, communication, and oversight activities across the enterprise.
  • Leads key components of the design and delivery of Quality Assurance related to assigned ERM Program, including the testing strategy, outputs, and reporting for management and/or board level committees to demonstrate program effectiveness.
  • Coordinates with Business Unit Risk Managers (BURMs), Business Unit Chief Risk Officers (BUCROs) and Risk Program Owners ensure assigned ERM Program requirements are understood and executed appropriately.
  • Leads a team, directly and/or indirectly, to execute multiple key strategic initiatives related to assigned ERM Program.
  • Supports critical components of assigned ERM Program presentation materials for key internal stakeholders (e.g., Business Unit Leadership, BURM Leadership, BUCRO Leadership, Risk Program Owners, Management Committees, Board of Directors) and external regulators, including the associated preparation for ERM Leadership team.
  • Communicates regularly and escalates risks associated with execution of ERM Programs to the ERM Leadership team and Chief ERM Officer.

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.
  • 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 and comprehensive understanding of business and organizational strategies and processes.
  • Knowledge of the external environment, including Truist's competition, regulatory requirements and trends, and the strategies employed to continually meet the demands of clients and regulators.
  • 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 unique and highly complex technical, operational, and organizational challenges in the context of business objectives and priorities.
  • Ability to lead and manage performance of a team or multiple teams against a set of financial and operational objectives.

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. 4. 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

$110000 / YEARLY (est.)
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$100000K
$120000K

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What You Should Know About Enterprise Risk Management Manager - Enterprise Issues Management, Truist

Are you ready to take the next step in your career as an Enterprise Risk Management (ERM) Manager with Truist in Richmond, Virginia? In this pivotal role, you will be at the forefront of supporting the design, development, and implementation of key ERM programs that shape the risk management landscape of our organization. Collaborating closely with the ERM Leadership team, you’ll support critical initiatives and engage with leaders across various business units. Your ability to communicate complex information clearly and influence decisions will be key as you prepare materials for meetings with stakeholders. As an ERM Manager, you'll drive efforts in policy documentation and lead quality assurance processes that ensure our ERM programs meet their objectives effectively. Your extensive experience, coupled with your ability to mentor and manage teams, will guide you in executing multiple strategic initiatives. Plus, your insights will be invaluable in coordinating with Business Unit Risk Managers and ensuring the successful alignment of our ERM programs. At Truist, you will enjoy a supportive work environment, plenty of opportunities for professional growth, and a comprehensive benefits package. If you have a strong background in risk management and are ready to lead impactful projects, we would love to see your application.

Frequently Asked Questions (FAQs) for Enterprise Risk Management Manager - Enterprise Issues Management Role at Truist
What are the primary responsibilities of the Enterprise Risk Management Manager at Truist?

The Enterprise Risk Management (ERM) Manager at Truist is responsible for designing, developing, and implementing key ERM programs. This includes managing relationships with business units, coordinating critical initiatives, and preparing materials for internal and external stakeholders. You'll lead quality assurance activities, support policy documentation, and ensure effective communication of complex risk-related information.

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What qualifications are required for the Enterprise Risk Management Manager position at Truist?

To qualify for the Enterprise Risk Management Manager role at Truist, candidates should possess a Bachelor's degree and at least ten years of relevant experience. Strong communication skills, a comprehensive understanding of business and risk management strategies, and the ability to influence decision-making are essential. Preferred qualifications include a graduate degree and experience in banking or related fields.

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What skills are essential for success as an Enterprise Risk Management Manager at Truist?

Success as an Enterprise Risk Management (ERM) Manager at Truist requires a blend of strong analytical skills, effective communication abilities, and leadership qualities. You should be adept at solving complex organizational challenges and have a solid understanding of risk strategies and regulatory requirements. Skills in tools such as Python, SQL, or Tableau will also be advantageous.

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How does Truist support career growth for an Enterprise Risk Management Manager?

Truist is committed to the professional growth of its employees, including those in the Enterprise Risk Management Manager role. You will have access to various training programs, opportunities for mentorship, and the chance to lead key initiatives that enhance your leadership skills. Additionally, Truist offers a comprehensive benefits package that supports a healthy work-life balance.

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What is the work environment like for an Enterprise Risk Management Manager at Truist?

The work environment for an Enterprise Risk Management Manager at Truist is dynamic and collaborative. You will be working alongside a dedicated team of professionals who value innovation and strategic thinking. Truist fosters a culture of inclusivity and support, where your contributions to ERM initiatives are recognized and valued.

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Common Interview Questions for Enterprise Risk Management Manager - Enterprise Issues Management
Can you explain your approach to implementing an Enterprise Risk Management program?

When discussing your approach to implementing an Enterprise Risk Management program, consider emphasizing the importance of collaboration with various stakeholders, thoroughly assessing risk across the organization, and designing a strategic plan that aligns with business objectives. Highlight how you would ensure effective communication and training across all levels.

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How do you prioritize risks when managing projects in enterprise risk management?

To effectively prioritize risks in enterprise risk management, you'll want to explain your method for assessing the potential impact and likelihood of each risk. Discuss how you utilize data analysis, stakeholder feedback, and regulatory requirements to inform your prioritization decisions, ensuring you focus on the most critical areas.

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What strategies do you use to communicate complex risk information to diverse audiences?

When communicating complex risk information, it’s essential to tailor your message to your audience. Use clear, non-technical language and visual aids to enhance understanding, and provide context by relating the information to business objectives. Sharing examples or analogies may help convey your points more effectively.

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Can you provide an example of a successful ERM initiative you have led?

Be prepared to share a specific ERM initiative where you played a key role. Describe the initiative's objectives, your actions, and the positive outcomes achieved. Emphasize teamwork, stakeholder engagement, and how your efforts contributed to enhanced risk management within the organization.

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How do you ensure ongoing compliance with regulatory requirements in risk management?

Explain your proactive approach to compliance by highlighting your strategies for staying informed about regulatory changes, conducting regular audits, and fostering a culture of compliance within your teams. Share how you develop training programs and maintain thorough documentation as part of your compliance efforts.

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What leadership qualities do you believe are essential for an Enterprise Risk Management Manager?

Discuss leadership qualities such as the ability to inspire and motivate teams, effective communication, adaptability, and decision-making skills. Emphasize the importance of leading by example and fostering an inclusive team environment where diverse perspectives are valued.

Join Rise to see the full answer
How do you measure the effectiveness of an ERM program?

To measure an ERM program's effectiveness, discuss the use of key performance indicators (KPIs) and metrics that assess risk management processes. Highlight how you would gather feedback from stakeholders, conduct reviews, and make necessary adjustments to improve program outcomes continuously.

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What tools and technologies do you find helpful in enterprise risk management?

Mention tools and technologies that facilitate risk assessment and reporting, such as risk management software, Business Intelligence tools, or data visualization platforms. Highlight your experience with tools like SQL, Tableau, or Python, explaining how they enhance your ability to manage risk effectively.

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How would you handle a situation where there is resistance to risk management initiatives?

Discuss strategies for addressing resistance by listening to concerns, providing education on the importance of risk management, and showcasing the benefits of initiatives. Share your approach to building strong relationships with stakeholders to foster a collaborative environment.

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What is your experience with policy documentation in risk management?

Describe your experience with creating and maintaining policy documentation. Highlight the importance of clear and accessible policy guidelines for ensuring compliance and understanding across the organization. Discuss how you’ve collaborated with teams to develop effective policies.

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