Preferred Education: 4 Year Degree/Bachelor Degree
United States, Dollar (USD)
Position Summary: The VP, Risk oversees adherence of Triumph Business Capital’s policies and procedures to federal and state laws and regulations. This person is responsible for planning, directing and coordinating the risk programs of the business to control risks and losses. Provides risk management support in identification, measurement, monitoring, control and reporting and the understanding and management of risk through appropriate practices and processes. Assess and oversee business exposures including key and emerging risks. Monitors the risk and control environment and provides effective challenge to internal and external stakeholders to ensure that exposures are kept at acceptable levels.
Essential Duties & Responsibilities
Leads company’s efforts, which include coordinating external and internal audits, communicating audit issues to management, and identifying and evaluating emerging areas of organizational risk. Audits include, but are not limited to the following:
Sarbanes Oxley Act (SOX)
Service Organization Control (SOC)
Federal Financial Institutions Examination Council's (FFIEC) Guidance
From a business unit perspective, examines company policies, procedures, and practices to ensure compliance with laws, regulations, and enterprise expectations.
Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the company.
In conjunction with the management team, coordinates with legal counsel and operating departments to ensure adherence to laws and regulations relating to new or revised products and services.
Oversees the development, preparation, revision and dissemination of new and updated compliance standards and procedures.
Consults with and advises operating units and managers affected by compliance issues and regulatory requirements.
Works with company officers (vice presidents and above) to identify, analyze, and classify risks as to frequency and potential severity, and measures financial impact of risk on company.
Works in conjunction with the management team to select appropriate techniques and implements programs and policies to minimize loss, such as avoidance, loss prevention and reduction, retention, grouping of exposure units, and transfer.
Prepares operational and risk assessment reports for management analysis.
Provides audit information by researching and analyzing data and prepares requested reports.
Prepares compliance audit data by compiling and analyzing internal and external information.
Supports the coordination and supervision of the company’s compliance-related programs, such as compliance training, compliance testing and reporting, and records warehousing and destruction.
Informs and advises the senior management team of conditions and status of company’s adherence to laws and regulations.
Supports the external audit and compliance reviews.
Maintains a familiarity with and the ability to lead/manage compliance to the FFIEC IT Examination Handbook.
Performs other duties as assigned.
To perform the job successfully, an individual should demonstrate the following competencies:
Understanding the Business
Knows the business and the mission-critical technical and functional skills needed to do the job; understands various types of business propositions and understands how businesses operate in general; learns new methods and technologies easily.
Making Complex Decisions
Can solve the toughest and most complex of problems; great at gleaning meaning from whatever data is available; is a quick study of the new and different; adds personal wisdom and experience to come to the best conclusion and solution, given the situation; uses multiple problem-solving tools and techniques.
Is well organized, resourceful, and planful; effective and efficient at marshaling multiple resources to get things done; lays out tasks in sufficient detail to mark the trail; is able to get things done with less and in less time; can work on multiple tasks at once without losing track; foresees and plans around obstacles.
Dealing with Conflict
Fearlessly takes on all issues and challenges; comfortably confronts and works through conflict in a professional manner; delivers negative feedback and messages with tact and without hesitation; deals promptly and fairly with problem performers; lets everyone know where they stand; is not afraid to make tough decisions and act as necessary.
Acting with Honor and Character
Is a person of high character; is consistent and acts in line with a clear and visible set of values and beliefs; is direct and truthful but at the same time can keep confidences.
Experience & Education
Bachelor’s degree from a four-year college or university.
3+ years of related experience and/or training.
Compliance Certification is strongly preferred or have the willingness to procure a compliance certification.
Knowledge of the financial services, general, transportation and/or logistics factoring industry is strongly preferred.
Skills & Abilities Required
Ability to read, write and speak English. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
To perform this job successfully, an individual should have knowledge of accounting software, database software, spreadsheet software, and word processing software.
Demonstrate initiative and be able to work independently and as part of the team.
Strong work ethic and organizational skills.
Ability to handle multiple tasks while maintaining attention to detail.
Join Triumph Business Capital!
At Triumph Business Capital, we believe the strength of our commitment is reflected in product innovation and the strategic partnerships we've established. That's why we look for team members who work hard to make a difference in their workplace and community. Our goal is to make long-term improvements in everything and everyone we touch. We thrive on providing exceptional customer service, and we look for friendly professionals dedicated to helping customers achieve their financial goals.
Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets range in size from $21 million to $31 billion with combined assets statewide of nearly $193 billion. IBAT member banks are committed to supporting and investing in their local communities.