Operational Risk Associate

The Operational Risk Associate participates in monitoring and reporting on risks and controls for the organization. Under general supervision, this job contributes to the tracking of remediation of identified deficiencies, prepares and reviews reports for management, and assists in maintaining the database of record of enterprise risks and controls. This job learns and applies an understanding of the principles, concepts, practices, and standards of risk management including regulatory standards to help identify, evaluate, and document internal processes and controls.

Key Responsibilities and Duties

• Execute against Risk Management's annual plan by performing monitoring activities, targeted testing, and risk assessments among other activities upon the direction of leadership.
• Perform analysis from a 2nd LoD perspective to identify and assess key risks and controls and how they fit into the key business processes.
• Works with associates across the organization to support consistent adherence and execution of the enterprise risk management programs.
• Keep up to date with the current operating environment by building open and effective working relationships with applicable business partners.
• Collaborates with Risk, Compliance, and the line of business to ensure the identification and management of risks and control weaknesses.
• Validate issues in accordance with standards to ensure controls are adequately designed and operating effectively to mitigate risk to an acceptable level.
• Demonstrate flexibility in prioritizing and completing tasks and communicating potential conflicts to leadership.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

6IC

Qualifications:

Desired:

• 1+ years' experience within Risk Management, Compliance or Internal Audit

Preferred:

• 3+ years' experience within Risk Management, Compliance or Internal Audit
• Bachelor's Degree

Base Pay Range: $54,400/yr. - $90,600/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).

Company Overview

TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.

TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services, as part of the company's strategy to refocus on its core retirement business and Nuveen, the company's asset manager. When the transaction is complete, in 2023, TIAA will retain a non-controlling stake in the bank, demonstrating the company's confidence in the bank's future success.

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, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: [email protected]

Privacy Notices

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