AVP Operational Risk Management - Employee Benefits

Together we fight for everyone's opportunity for a better financial future.

We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough ... we believe every individual and every community deserves access to financial opportunities.

We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work.

Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage - Apply Now

The Assistant Vice President for Business Risk in Employee Benefits will play a pivotal role in enhancing the risk management framework within the organization. Reporting directly to the Senior Vice President of Risk overseeing the Employee Benefits business, the AVP will be responsible for proactive collaboration with the business unit to identify, assess, and mitigate internal and external business risks, ensuring compliance with regulatory standards, and fostering a risk-aware culture.

The AVP provides oversight and challenge to the first line of defense to ensure risks are effectively managed. This leadership position requires a strategic thinker with strong analytical capabilities, deep industry knowledge, and the ability to communicate effectively across various stakeholders. This role will manage a small team of direct reports.

Responsibilities: - Develop and implement a comprehensive risk management strategy for the Employee Benefits business. - Provide risk advice, monitor and assess business risks associated with sales, product offerings, operational processes, finance and market conditions.

-Build and maintain relationships at all levels of the organization to understand current initiatives, risks and roadblocks to provide timely and effective risk support. - Conduct regular risk assessments, stress testing, and scenario analysis to evaluate potential vulnerabilities. - Ensure adherence to regulatory requirements and internal policies, driving compliance through effective risk governance.

-Collaborate with cross-functional teams, such as compliance, legal, privacy and internal audit, to identify and support the business in mitigating risk to an acceptable level. - Provide training and guidance to teams on risk management best practices and foster a culture of risk awareness. - Lead cross-functional projects to improve risk reporting, risk metrics, and overall risk management capabilities. - Prepare reports and presentations for the Risk leaders and committees and other key stakeholders, detailing risk profiles, and mitigation strategy.

-Create a high-performing, cohesive team by having regular 1:1's, setting clear goals, providing constructive feedback, coaching, and fostering a continuous learning environment that aligns with career goals and company objectives. - Foster a culture of excellence by prioritizing top-tier hiring, conflict resolution, and performance monitoring.

Qualifications: - Bachelor's degree in Finance, Business Administration, Risk Management, or a related field. - Minimum of 5 years of relevant experience in risk management, compliance, or operational risk within the financial services industry, preferably in employee benefits. - Proven experience in risk assessment methodologies, including quantitative and qualitative risk analysis. - Excellent analytical skills with a strong attention to detail and the ability to synthesize complex information.

Key Candidate Profile Traits for Success: - Strategic Mindset: Ability to align risk management initiatives with overall business goals and effectively anticipate future risk scenarios. - Strong Leadership Skills: Demonstrated ability to influence and lead cross-functional teams, while fostering collaboration and engagement. - Effective Communicator: Exceptional verbal and written communication skills, with the ability to deliver complex information clearly and concisely to diverse audiences. - Proactive and Analytical: A critical thinker who approaches challenges with creativity and a strong problem-solving orientation. - Adaptable: Comfortable working in a dynamic environment with a willingness to adjust to changing priorities and regulatory landscapes. - Ethical Judgment: Strong commitment to integrity and ethical standards, with a focus on compliance and corporate governance.

This role presents an exciting opportunity for an experienced risk management professional to contribute to the success of the Employee Benefits business while ensuring robust risk governance and compliance practices.