Business Risk and Control Manager

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Business Risk and Control Manager

Position Summary

The Business Risk & Controls Management Analyst (BCM Analyst) is the risk champion within the Business Unit. The BCM Analyst will play a critical role in supporting the Business Unit's senior management ensuring that a cohesive structure and process exists to manage the various risk impacts that Business Units face. The BCM Analyst is responsible for supporting business leader adherence to the established risk and compliance frameworks; 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; supporting internal and external audits and regulatory exams; supporting the Business Unit's model inventory documentation and procedures; and overall monitoring of the First Line of Defense to minimize risk exposures and strengthen the overall control environment.

Essential Duties and Responsibilities

• Build relationships with all levels of leadership to effectively manage risk within the Business Unit.
• Work within the Enterprise Risk Management (ERM) Framework
• Partner with Compliance, Risk Management, and Audit to liaise in communicating and supporting all risk and compliance-based initiatives
• Support Business Unit leadership in formulating processes to attain the Business Units' goals / objectives, producing metrics for performance (KPIs) and risk metrics (KRIs) to monitor controls
• Develop, formally document, implement, monitor, and report on all Business Unit controls, performance metrics, and risk metrics (e.g., Key Risk Indicators)
• Conduct control testing and reporting; Monitor and report on control strengths
• Maintain a library of process maps and a library of controls
• Conduct Risk and Control Self-Assessments (RCSAs) at least quarterly within the oversight of the ERM Framework
• Own the model development, use, and implementation processes of the Business Unit
• Develop and provide the required documentation, procedures, model performance monitoring, and collaboration with Model Risk Management (MRM) according to the Business Unit's model inventory and MRM's Model Process Review / Validation Schedules
• Formally document and be responsible for any issues identified inclusive of entering those issues into the Issues Management System for remediation
• Leverages risk assessment data and identifies key data-driven insights tied to the Business Unit
• Identifies and manages top 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
• Assists with translating control deficiencies into action plans and provides recommendations to enhance governance practices in alignment with risk and compliance frameworks
• Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
• Performs other duties and responsibilities as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Skills
  • Expert knowledge in operation risk and controls execution in a medium to large financial institution
  • Familiarity with SR 11-7, OCC Bulletin 2011-12, and OCC Bulletin 2021-39 regarding Model Risk Management
  • Excellent verbal and written communication skills
  • Ability to work independently in a changing environment with shifting priorities
  • Ability to manage multiple projects under stressed timelines
  • Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
  • Ability to read, analyze and interpret financial report and/or legal documents
  • Ability to write routine reports, procedures and business correspondence; ability to write procedures
  • Ability to respond in writing to customer complaints, regulatory agencies or member of the business community
  • Ability to effectively present information in one-on-one and small group situations,
  • to customers, clients and other employees in the organization
  • Ability to speak effectively before groups of customers or employees
  • Ability to effectively present information in one-on-one and small group situations, to customers, top management, public groups and/or boards of directors

• Education and/or Experience
  • Bachelor's degree required plus 6 years of relevant work experience in quantitative discipline or operational risk environment, or 10 years' experience in lieu of degree
  • Advanced degree preferred plus 4 years relevant work experience
  • Course work in statistics, applied mathematics, data analyses or machine learning techniques highly desired

• Computer Skills
  • Governance Risk and Compliance (GRC) software to manage risk and control documentation
  • Preferred experience with GRC platforms (Workiva, MetricStream, RSA Archer)
  • Expert proficiency with MS Office programs

• Certificates, Licenses, Registrations

• Financial Risk Manager (FRM) a plus

• Other Qualifications (including physical requirements)

• Strong leadership skills required to interact with more senior team members and executives
• Understanding of enterprise, operational, and model risk related control frameworks and

practices (such as COSO), and regulatory requirements is highly desirable

• Critical thinking, quantitative analysis, and excellent communication skills
• Inquisitive nature, resourcefulness, and ability to seek out information
• Ability to work independently in a changing environment with shifting priorities
• Ability to manage multiple projects under tight timelines

Equal Employment Opportunity Information: Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications. Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities. These programs require positive action in lieu of neutral non-discrimination and merit hiring/performance policies.