TIAA Sr BU Risk and Control Analyst in DENVER, Colorado
Sr BU Risk and Control Analyst
Location: United States, Colorado, Denver
Field: Legal, Compliance, & Risk
Post Date: 6 days ago
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The Brokerage Risk and Controls team is responsible for the overall development and implementation, measurement and monitoring of a brokerage risk program that is designed to identify existing and emerging risks. The Brokerage risk program must be designed and meet standards to effectively mitigate operational, brand, financial and regulatory risk. The team will implement and execute adequate controls that mitigate risks related to internal and external fraud, processing errors, and non-compliance with regulatory standards, laws and policy and procedures. The Team is also responsible for reviewing brokerage strategic plans and recommending adequate operational controls. Similarly, the Team is responsible for driving and sustaining policies and procedures that are focused and effective for an enhanced risk and control environment while achieving high quality standards.
The Team further ensures process and control audits are planned and performed in accordance with defined standards and stated requirements, assesses the extent of current compliance according to the Standard Operating Procedures (SOP) and provides guidance for the remediation of control weaknesses.
KEY RESPONSIBILITIES AND DUTIES:
Responsible for ensuring effectiveremediation of non-compliant situations within the business unit through there-design of process/controls and testing of their effectiveness.
Create/maintain the Standard OperatingProcedures (SOP) and Written Supervisory Procedures (WSP).
Manages the day-to-day planning andperformance of control and process audits and compliance with standards andregulations.
Serves as Subject Matter Expert (“SME”)regarding regulatory and compliance issues, effectively communicatingcomplicated financial concepts to management, peers, auditors, regulators andothers.
Recommends and implements changes tomethods of performing work. Provides input to policy to manage risk andexposure to the organization.
On a day-to-day basis, assists themanagement and staff of the assigned functions within the business unit orprocess in the design and functioning of controls and/or the interpretation ofregulations and application of compliance/audit standards.
Undertakes fact gathering and performsinvestigative activity to monitor the effectiveness of implementation withinthe area of responsibility.
Promotes the adoption of a controls andcompliance culture through training and consulting activities.
Serves as SME in business unitfunctions, effectively communicating complex control, process re-engineering,information and regulatory concepts to management, peers, staff and others.
Prepares documentation to adequatelydocument control audits performed with supporting evidence and analysis for allfindings.
Develops remediation plans for businessunit management. Monitors remediation implementation.
Coordinates testing efforts withInternal Audit, Compliance, Risk Management and other testing functions withinthe business to share information and otherwise advance the established controlprocesses.
This position is responsible forparticipating in key projects for the functional areas.
FINRA Series 7, Series 63 or Series 66registrations
3 or more years of Financial Services Industryexperience
1 or more years of experience indrafting Written Supervisory Procedures and other procedural documents
FINRASeries 24 registration
3 or more years of Brokerage experience within the Financial Services Industry
Experiencewith Brokerage Services applications (NetX360, Pershing, etc.)
Advancedexperience with Microsoft Office Suite (VISIO, WORD, ACCESS, PowerPoint andExcel)
Abilityto communicate and interface effectively with peers and all levels ofmanagement
Strongknowledge and experience with information security/audits in a process andcontrol environment
Strongknowledge of related audit, regulatory and corporate policy requirements andspecific processes within the Financial Services Industry.
Experiencewith developing short and long-range risk management plans that are comprehensiveand proven ability to meet deadlines
Requireskey functional knowledge including Brokerage Operations, Controldevelopment/testing, Risk Management, Financial Regulatory Compliance and/orProject management
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This organization is an equal employment opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, this organization expressly prohibits discrimination, harassment, and retaliation on the basis of race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy (including childbirth, breastfeeding or related medical conditions where applicable), sexual orientation, gender, gender identity, gender expression, transgender, marital status, national origin, ancestry, physical or mental disability, requesting a reasonable accommodation based on mental or physical disability, medical condition (as defined by applicable law), genetic history and information, citizenship status, military or veteran status, or any other status protected by federal, state, or local law or ordinance or regulation (collectively referred to here as “protected characteristics”).
*©2016 Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY 10017
- Requisition ID: 1716875