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Business Risk and Controls Advisor I - Risk Assessment and Inventory for the Life Company

Company: USAA
Location: Gilbert
Posted on: November 19, 2021

Job Description:

Purpose of Job

We are currently seeking a talented Business Risk and Controls Advisor I (BRCA I) within the Life Company. This role will be working from either the San Antonio, Colorado Springs, Phoenix or Tampa Campus with a Hybrid work schedule. The Business Risk and Control team is responsible for execution of the annual Risk Control Self-Assessment and Risk Assessment Programs for Life Company and Investments Services Company. In addition, the team is responsible for executing the enterprise Risk Inventory Program. Finally, the team is responsible for working with business partners to document their process risk and control inventory (PRCI) which is the foundation for the aforementioned programs.

Positioned in the first line of defense to ensure the overall effectiveness of risk and compliance management programs, first line of defense risk analytics and operations in the business. This role will partner and collaborate with Compliance and Risk Management, as well as Business Operations, IT, Audit Services, and Regulators to support risk and compliance-based initiatives. Responsible for supporting business leader adherence to the established risk framework and ongoing supervision of business controls including risk and control self-assessments, identification and evaluation of control effectiveness, identifying control failures, facilitating risk and compliance remediation, internal and external audits and regulatory exams, and monitoring of the first line of defense to minimize risk exposures and strengthen the overall control environment. Leverages risk assessment data and identifies key data-driven insights tied to first line of defense.

Job Requirements

About USAA

USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.

USAA Careers - World Class Benefits (31 seconds)

Primary Responsibilities:

* Identifies and manages existing and emerging risks that stem from business activities and the job role.

* Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.

* Follows written risk and compliance policies and procedures for business activities.

* Advises the business on how to strengthen and manage their control environment pertaining to oversight of procedures/process, accurate regulatory reporting and filing, document governance, risk control self-assessments, procedure governance, control design, new product controls, CoSA Third Party Governance, or quality governance.

* Performs ongoing supervision and oversight of business controls which may include the coordination of testing, root cause analysis, control design, and examining key risk metrics to evaluate the effectiveness of established business controls.

* Performs risk data analysis, report preparation and trend analysis, utilizing business intelligence tools.

* Partners with business owners to assist them in the identification of control failures and assesses the impact.

* Assists with translating control deficiencies into action plans and facilitates effective and timely risk remediation through action plan oversight; provides recommendations to enhance governance practices in alignment with risk and compliance frameworks.

* Maintains processes, procedures, and tools for managing exception alerts as they occur, including monitoring of resulting exception cases.

* Provides control oversight to ensure compliance with laws and regulations.

* Serves as a resource to team members.

Minimum Requirements:

* Bachelor's Degree OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree (Total of 8 Years).

* 4 years of experience supporting risk and/or compliance-related activities in a financial services operating environment or other relevant industry.

Or 4 years of experience in a relevant quantitative discipline

Or advanced degree or designation in a risk management or quantitative discipline, and 2 years of experience supporting risk and/or compliance related activities

Or PhD in a risk management or quantitative discipline.

When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses.

Preferred Experience:

* 3 or more years of experience with identification, creation and documentation of risk statements

* 3 or more years of experience documenting process, risk and controls for an end-to-end process

* 2 or more years performing risk control self-assessments (RCSA) or assisting the business in their performance of the RCSA

* 2 or more years of experience with Material Risk / Top Risk / Risk Inventory programs at a large financial institution

* 2 or more years of demonstrated project management experience with ability to manage a complex schedule

* Strong excel skills

* Experience building projects in Asana or another workflow management tool

* Strong writing and communication skills - including the ability to craft key communications to be delivered and presented to executive leadership

* Excellent time management skills with ability to manage, multi-task and execute multiple priorities and deliverables within tight deadlines, with the skills to adapt to changes in a fast-paced, dynamic matrixed environment

* Proven competency to effectively interact at all levels of the organization, working to build and maintain successful relationships across all departments

* Demonstrates effective use of critical thinking to solve complex problems

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.


USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $72,900 - $131,400* (this does not include geographic differential it may be applied based on your work location)

Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

* Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.

Shift premium: will be addressed on an individual basis for applicable roles that are consistently scheduled for non-core hours.


At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

Please click on the link below for more details.

USAA Total Rewards

Relocation assistance is Not Available for this position.

Keywords: USAA, Gilbert , Business Risk and Controls Advisor I - Risk Assessment and Inventory for the Life Company, Professions , Gilbert, Arizona

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