Truist

Head of Operational Risk Scenario Analysis, CCAR, Loss Events

Truist

full-time

Posted on:

Location Type: Office

Location: Charlotte • North Carolina • Virginia • United States

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Job Level

Lead

About the role

  • Lead the end‑to‑end Operational Risk CCAR process, ensuring coverage of all material risks consistent with SR 15‑19 and alignment with capital planning standards, including loss forecasting, scenario incorporation, model assumptions, and documentation
  • Oversee and continuously enhance the enterprise Scenario Analysis (SA) Program in accordance with Truist’s Operational Risk Scenario Analysis Policy, serving as the Second Line Risk Program Owner (RPO) with responsibility for governance, execution standards, and policy adherence monitoring
  • Facilitate the systematic collection of expert opinions from business leaders, SMEs, and risk partners—including Legal, Compliance, Fraud, Technology, and Operational Risk—to develop well‑reasoned assessments of severe but plausible operational risk scenarios
  • Ensure scenario coverage across Operational, Compliance, Technology, and Financial Crimes Level 1 Risk Types
  • Manage the integration of Scenario Analysis outputs into downstream processes, including CCAR, internal and external stress testing exercises, risk appetite assessment, capital adequacy planning, and enterprise‑wide risk measurement routines
  • Ensures the Internal & External Loss Events program remains aligned to industry benchmarking and peer loss data practices, enhancing calibration accuracy, emerging‑risk detection, and the credibility of operational loss estimates used across capital and risk measurement processes
  • Provide robust Second Line of Defense oversight and effective challenge across Scenario Analysis, CCAR, and Loss Event Management, ensuring first‑line execution aligns with Truist policies, regulatory standards, and forward‑looking risk measurement expectations
  • Conduct thematic analysis across scenarios and loss events to identify emerging risks, control weaknesses, and systemic vulnerabilities, providing actionable insights to senior leadership, governance committees, and risk owners
  • Coordinate cross‑functional engagement with Finance, Model Risk, Business Units, Compliance, and Technology to ensure consistent risk identification, assessment, and scenario linkage across the enterprise
  • Serve as the operational risk subject matter expert for Scenario Analysis, Internal/External Loss Events, and Operational Risk CCAR, providing training, communication, and awareness‑building across all participating Business Units and risk partners
  • Prepare and deliver high‑quality regulatory‑ready documentation, reporting, and analytical materials to senior leadership, internal audit, and supervisory agencies, ensuring transparency, traceability, and compliance with regulatory expectations
  • Identify opportunities to enhance methodologies, data quality, stakeholder engagement, and loss estimation capability by benchmarking industry trends, leveraging external loss data, and incorporating learnings from major risk events

Requirements

  • Bachelor’s degree in business, finance, accounting, risk management, or related discipline, or equivalent education and experience
  • Fifteen+ years of banking or risk management experience
  • Proven experience in a risk execution, advisory, or oversight role within first or second line of defense
  • Strong analytical, organizational, and problem‑solving skills, with experience developing and executing complex programs
  • Exceptional communication skills, especially in producing regulatory‑ready documentation, Board‑level materials, risk narratives, and quantitative/qualitative justifications that withstand supervisory scrutiny
  • Strong program management discipline, with the ability to manage annual/quarterly CCAR deliverables, scenario lifecycles, validation feedback, and cross‑enterprise change efforts under tight deadlines and regulatory timeframes
  • Proven ability to lead cross‑functional stakeholder groups (Finance, Model Risk, Legal, Technology, Fraud, Compliance, and Business Units) and influence senior executives to drive risk program maturity across the 1LOD and 2LOD.
Benefits
  • medical
  • dental
  • vision
  • life insurance
  • disability
  • accidental death and dismemberment
  • tax-preferred savings accounts
  • 401k plan
  • no less than 10 days of vacation
  • 10 sick days
  • paid holidays
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
Operational RiskCCARScenario AnalysisLoss ForecastingRisk MeasurementRegulatory ComplianceData QualityRisk AssessmentThematic AnalysisCapital Adequacy Planning
Soft Skills
Analytical SkillsOrganizational SkillsProblem-Solving SkillsCommunication SkillsProgram ManagementStakeholder EngagementLeadershipInfluencing SkillsTrainingDocumentation Skills