Head of Operational Risk Scenario Analysis, CCAR & Loss Events

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Truist
Atlanta, GEORGIA, United States
  • Finance
  • FullTime
  • PartTime
  • Shift

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Head of Operational Risk Scenario Analysis, CCAR & Loss Events is responsible for the design, development, implementation, and ongoing management of critical Operational Risk programs supporting enterprise wide risk identification, monitoring, assessment, management, reporting, and governance. This role oversees the enterprise Scenario Analysis Program, ensuring severe but plausible risk scenarios are identified, assessed, and aligned to Corporate Risk Inventory requirements to support capital planning, stress testing, and strategic decision making. The role also 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. This individual serves as a senior subject matter expert within the Second Line of Defense, providing independent oversight and effective challenge to the First Line and ensuring alignment with regulatory expectations, risk appetite, and industry-leading practices.

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. 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.

  2. 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.

  3. 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.

  4. Ensure scenario coverage across Operational, Compliance, Technology, and Financial Crimes Level 1 Risk Types.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

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, accounting, risk management, or related discipline, or equivalent education and experience.

  2. Fifteen years of banking or risk management experience.

  3. Proven experience in a risk execution, advisory, or oversight role within first or second line of defense.

  4. Strong analytical, organizational, and problem‑solving skills, with experience developing and executing complex programs.

  5. Exceptional communication skills, especially in producing regulatory‑ready documentation, Board‑level materials, risk narratives, and quantitative/qualitative justifications that withstand supervisory scrutiny.

  6. 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.

  7. 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.

Preferred Qualifications:

  1. Master’s degree in Risk Management, Business Administration, or related field.

  2. Risk certifications such as CRCM, CAMS, FRM, or equivalent.

  3. Experience with regulatory agencies (FRB, OCC, FDIC) including exam interactions.

  4. Experience developing, launching, or maturing enterprise risk programs.

  5. Experience within the Finance Business unit.

  6. Expertise in CCAR, Scenario Analysis, and/or Loss Event program leadership and/or execution.

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 our Benefits site (https://benefits.truist.com/)

. 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.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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