Operational Loss Risk Execution Officer I

About the role

The Operational Loss Risk Execution Officer I is responsible for executing the end-to-end risk management lifecycle for routine to moderately complex internal and external operational loss events across Truist’s business units and corporate functions.

Responsibilities

• Execute and oversee the end-to-end lifecycle for a subset of internal and external loss events, including event monitoring, identification and assessment, capture and documentation, and coordination of risk and control evaluation for material events.
• Partner with Business Unit stakeholders to evaluate and confirm event applicability and impacts and collect required loss event information.
• Maintain contact matrices and relationships with key partners for their aligned Business Unit(s).
• Conduct loss event evaluations using business judgment, in alignment with enterprise procedures, including determining classification, financial impact capture, and causal factor documentation.
• Ensure all required data elements are accurately documented and maintained within the system of record (e.g., Archer) in accordance with established SLAs.
• Interpret and apply enterprise operational risk management policy requirements and internal ECCO procedures and guidance to assigned operational loss events.
• Monitor loss event risk management lifecycle progress, identify data gaps or delays, and follow-up with stakeholders to ensure timely completion.
• Assess and escalate issues related to incomplete information, delays, or challenges in the loss event risk management execution lifecycle as appropriate.
• Collaborate with second line of defense risk partners to ensure requirements are met for material loss events.
• Perform quality reviews to ensure completeness, accuracy, and consistency of loss event records.
• Perform quality reviews of loss event records and provide oversight and governance to ensure data integrity, accuracy, completeness, and adherence to established standards.

Qualifications

• Bachelor’s degree in Business, Finance, or related field, or equivalent education and experience.
• 3+ years of experience in operational risk, issue management, audit, or related risk/control functions.
• Strong attention to detail and ability to execute within defined processes and procedures.
• Effective organizational, communication, and stakeholder engagement skills.
• Ability to manage multiple priorities and meet required timelines.
• Demonstrated proficiency in Microsoft Office applications.