First-Line Risk & Controls Executive

Community Financial System, Inc.; City of Syracuse (NY); On-site; USD 120,000 - 210,000; Full time

Job summary

BPAS, a national provider of retirement plan administration and employee benefit solutions, seeks a Chief Control Officer to lead first-line risk and control functions. You will own risk assessments, control inventories, and governance reporting while advising leadership on risk implications of new products, services, and platform changes.

Responsibilities include implementing enterprise risk expectations, managing issue lifecycles, and fostering a strong risk culture across BPAS business

Responsibilities

• Own and maintain the benefits administration risk and control self-assessment process, ensuring risks are appropriately identified, rated, and mapped to controls.
• Maintain an accurate risk and control inventory aligned with the enterprise risk framework.
• Ensure key controls are designed appropriately and operating effectively across operational, compliance, technology, third-party/vendor, and conduct risk areas.
• Drive timely identification, escalation, and remediation of control gaps, issues, events, and near misses.
• Serve as the business owner for executing the enterprise risk management framework within BPAS.
• Implement enterprise expectations related to operational risk, compliance risk, third-party risk, technology/cyber risk, and business continuity.
• Prepare and present risk and control reporting to business leadership, enterprise risk committees, and applicable governance forums.
• Own the issue management lifecycle for the business, including identification, root cause analysis, corrective action planning, validation, and closure.
• Escalate material risks, control breaks, and emerging risks to senior business leadership and enterprise risk partners in a timely manner.
• Foster a strong risk culture within BPAS by embedding risk ownership and accountability into day-to-day business operations.
• Advise business leadership on risk considerations related to products, services, technology, and strategic initiatives.
• Oversee third-party and vendor risk management for the business, given the vendor-intensive nature of benefits administration.
• Ensure appropriate due diligence, ongoing monitoring, and contractual risk controls for critical vendors, including recordkeeping platforms, third-party administrators, and data exchange providers.

Job description

BPAS, a national provider of retirement plan administration and employee benefit solutions, seeks a Chief Control Officer to lead first-line risk and control functions. You will own risk assessments, control inventories, and governance reporting while advising leadership on risk implications of new products, services, and platform changes.

Responsibilities include implementing enterprise risk expectations, managing issue lifecycles, and fostering a strong risk culture across BPAS business