Truist Financial

Operational Loss Risk Execution Officer II

Truist Financial$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, or related field, or equivalent education and experience.
  • 5+ years in operational risk, loss event management, or audit.
  • Strong understanding of operational risk management frameworks.
  • Ability to analyze complex scenarios within defined procedures.
  • Excellent communication and stakeholder management skills.
  • Demonstrated ability to manage competing priorities effectively.
  • High attention to detail with strong documentation discipline.
  • Proficient in Microsoft Office and risk management systems (e.g., Archer).

Responsibilities

  • Execute and oversee lifecycle for internal and external loss events including monitoring and assessment.
  • Partner with Business Unit stakeholders for event confirmation and required information.
  • Maintain relationships with key partners within aligned Business Units.
  • Conduct evaluations while adhering to enterprise procedures using business judgment.
  • Ensure accurate documentation of data elements within the record system in accordance with SLAs.
  • Interpret and apply operational risk management policies to assigned events.
  • Monitor lifecycle progress, identify data gaps, and ensure timely completion with stakeholders.
  • Assess and escalate issues regarding information completeness and execution delays.

Benefits

  • Medical, dental, and vision coverage
  • Life insurance and disability benefits
  • Accidental death and dismemberment coverage
  • Tax-preferred savings accounts
  • 401k plan with competitive employer contributions
  • No less than 10 days of vacation and 10 sick days in the first year
  • Paid holidays
  • Potential eligibility for defined benefit pension plan and restricted stock units.
Full Job Description
The Operational Loss Risk Execution Officer II is responsible for executing the end-to-end risk management lifecycle for a portfolio of moderately to highly complex internal and external operational loss events across Truist’s business units and corporate functions (e.g., internal process execution errors, data breaches / cyber-attacks, third-party incidents, etc.). This includes centralized loss event identification, assessment of applicability and impacts to the business, capture of supporting documentation, and coordination of risk and control evaluation. This teammate partners directly with Business Unit stakeholders to collect required information, validate event details, and drive timely completion of loss event evaluations. The role ensures adherence to enterprise operational risk management policies and procedures to ensure complete, accurate, and timely delivery of loss event records. *****Position is office centric 5 days within one of the following office locations: Charlotte, NC, Atlanta, GA, Greensboro, NC, or Raleigh, NC **** ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. 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. 2. Partner with Business Unit stakeholders to evaluate and confirm event applicability and impacts and collect required loss event information. 3. Maintain contact matrices and relationships with key partners for their aligned Business Unit(s). 4. Conduct loss event evaluations using business judgement, in alignment with enterprise procedures, including determining classification, financial impact capture, and causal factor documentation. 5. Ensure all required data elements are accurately documented and maintained within the system of record (e.g., Archer) in accordance with established SLAs. 6. Interpret and apply enterprise operational risk management policy requirements and internal ECCO procedures and guidance to assigned operational loss events. 7. Monitor loss event risk management lifecycle progress, identify data gaps or delays, and follow-up with stakeholders to ensure timely completion. 8. Assess and escalate issues related to incomplete information, delays, or challenges in the loss event risk management execution lifecycle as appropriate. 9. Collaborate with second line of defense risk partners to ensure requirements are met for material loss events. 10. Perform and lead quality reviews to ensure completeness, accuracy, and consistency of loss event records. 11. Lead quality reviews of loss event records and provide oversight and governance to ensure data integrity, accuracy, completeness, and adherence to established standards. 12. Provide guidance and mentorship to junior teammates and drive the development and implementation of team best practices. QUALIFICATIONS Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. Bachelor’s degree in Business, Finance, or related field, or equivalent education and experience. 2. 5+ years of experience in operational risk, loss event management, audit, or related functions. 3. Strong understanding of operational risk management frameworks and loss event lifecycle processes. 4. Ability to analyze complex scenarios and apply judgment within defined procedures. 5. Strong communication, facilitation, and stakeholder management skills. 6. Demonstrated ability to manage competing priorities and deliver within deadlines. 7. High attention to detail with strong data quality and documentation discipline. 8. Proficiency in Microsoft Office and risk management systems (e.g., Archer). General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

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