Risk Advisory Manager

Location
Washington D.C
Posted
Jul 23, 2021
Closes
Aug 04, 2021
Ref
210637
Hours
Full Time
Risk Advisory Manager Marketing Statement:

The Risk Advisory Manager has a consultative role with senior management, providing services to assess risks and strengthen internal controls over financial management, compliance with federal laws and regulations, and overall operational effectiveness. The incumbent shall demonstrate FTA regulations and best practices specialized knowledge over program management focus areas in procurement, drug and alcohol, and civil rights/ADA. Additional areas of acquired knowledge include human capital risk management and information technology controls. The successful candidate will collaborate with Internal Business Operations' clients to identify, remediate, monitor, and manage risks to business objectives. Risk management assurance responsibilities will include performing risk reviews and assessments supporting technology and vendor risk management. The Risk Advisory Manager supports the Chief Risk and Audit Officer by assisting the Director of Risk Advisory Services in conducting management facilitated risk assessment workshops, internal control validations, and action plan remediation toward maturing the Enterprise Risk Management Program across the organization in alignment with the COSO Enterprise Risk Management Framework.

Minimum Qualifications:

Education
  • Bachelor's Degree in Business Administration, Accounting or related field

Experience
  • Minimum of eight (8) years' experience in risk management, compliance, audits, investigations, public accounting, financial management or other related fields to include team lead experience providing quality reviews for reports of other units

Certification/Licensure
  • Professional audit or risk management certification such as Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or comparable. Professional experience equivalent may be considered as deemed appropriate.
    Preferred
  • Master's Degree in Business Administration, Accounting or related field

Medical Group:

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

Job Summary:

The Risk Advisory Manager has overall responsibility to assist in the execution of a risk, compliance and internal control strategy within the Authority. The incumbent identifies, documents, tracks, monitors, and escalates organizational risk related issues as necessary, and is responsible for the management and delivery for assigned Program as part of the Governance, Risk and Compliance strategy deployed across the organization within MARC. Supports the Authority's business units in the development, implementation, and maintenance of new or current policies, practices and procedures under the direction of the Chief Risk and Audit Officer. This position requires a thorough understanding of the Authority's business objectives, risks, critical success requirements, regulatory environment as well as the needs of business unit management. Incumbent will assist in the performance of reviews as necessary, augmenting organizational compliance through effective communication, and supporting education and training programs.

Essential Functions:
  • Supports the development and execution of a risk, internal control and compliance strategy, and support the Internal Audit work plan for internal controls across the organization, develops, implements, and maintains a "best practice" Governance, Risk and Compliance practices. Develops a program plan for the assigned Governance, Risk and Compliance Program elements, which may include of the following but not limited to, Enterprise Risk Management, Internal Controls and Financial Management Control Oversight, Vendor, Operational, and Safety Risk and Safe Advisory, Regulatory Compliance, IT Risk Advisory, Governance Risk and Compliance Systems, Regulatory Compliance and Training Programs to ensures compliance with established internal control procedures. Determination made by examining records, reports, operating practices, and documentation and through effective use of resources, on-going needs analyses and timely stakeholder involvement.
  • Develops and coordinates the implementation of an enterprise-wide enterprise risk management program that integrates business unit strategy, performance with risk appetite to achieve objectives in carrying out core services to facilitate an efficient and effective control environment as an appropriate risk response determined by implementing the Enterprise Risk Management Program.
  • Develops and creates internal review processes that are perceived as added-value by affected stakeholders to maintain internal control systems and facilitate a healthy control environment determination made by identifying loopholes and recommending risk aversion measures.
  • Continuously examines and evaluates the level of business unit compliance and related control procedures with external regulations and internal policies and procedures, with major emphasis on high risk business units and functions to support the Authority moving toward its objectives. Conducts periodic risk assessments, develops and maintains risk and control matrices for areas for applicable areas, develops and maintains process maps, and provides guidance to assigned Analysts and support staff. Determinations are made by evaluating the Chief Business Plans.
  • Facilitates business unit compliance improvement and Provides compliance oversight with major emphasis on high risk business units to ensure that identified deficiencies are corrected in a timely manner based on continuous monitoring and examination of the levels of business unit compliance with existing policies, practices, and procedures.
  • Encourages and demonstrates a collaborative working relationship with the Office of the Inspector General to support the control systems. Effective communications with management to ensure that identified deficiencies are corrected in a timely manner.
  • Provides expert advice and counsel to business units on risk, internal control, and compliance-related issues, enabling senior management to respond in a more initiatively way to the risks. Acting as focal point for the dissemination of new compliance practices, trends and methodologies.
  • The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:
  • Skills and/or behavioral assessment
  • Personal interview
  • Verification of education and experience (including certifications and licenses)
  • Criminal Background Check (a criminal conviction is not an automatic bar to employment)
  • Medical examination including a drug and alcohol screening (for safety sensitive positions)
  • Review of a current motor vehicle report

Closing

WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.

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