Voya Financial

Assistant Vice President (AVP) of IT Risk Management (ORM)

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Position Overview

  • Location Type: [Not Specified]
  • Employment Type: Full Time
  • Reports To: Vice President & Head of Operational Risk Management (ORM)

Description: The Assistant Vice President (AVP) of IT Risk Management reports to the Vice President & Head of Operational Risk Management (ORM) for Voya Financial (Voya) and is responsible for supporting Voya’s strategy, framework and execution activities for managing IT risk; ensuring a proper process is in place to mitigate and prioritize risk remediation actions. IT risk is defined as the risk of loss resulting from inadequate or failed IT systems, processes, people, or external events. IT risk management is the governance and oversight function responsible for independently managing IT risk in partnership with senior business management. This senior role will assist the organization in the identification, classification, measurement and monitoring of IT and related business risks. Work closely with others in IT Risk Management, Operational Risk Management, Compliance, Audit functions and business units to provide business management with a consistent and accurate view of the sources, scale, and scope of identified risks.

Responsibilities

  • Advise the business on IT risk matters.
  • Execute the implementation and communication of IT risk-related policies, practices, and framework.
  • Support Voya’s strategy, framework, and execution activities for managing IT risk.
  • Ensure a proper process is in place to mitigate and prioritize risk remediation actions.
  • Identify, classify, measure, and monitor IT and related business risks.
  • Manage and coach a team of dedicated IT Risk Management professionals.
  • Participate in the ongoing maintenance of a robust IT risk management strategy and framework.
  • Help lead strategic firm-wide IT Risk Management initiatives.
  • Provide a consistent and accurate view of IT risk exposures to business leadership.

Requirements

  • [Not Specified]

Company Information

Voya Financial (Voya) is 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.

Skills

IT Risk Management
Risk Frameworks
Risk Mitigation
Risk Monitoring
Policy Implementation
Team Leadership
Stakeholder Communication
Regulatory Compliance
Operational Risk

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

New York City, New YorkHeadquarters
2014Year Founded
IPOCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Benefits

Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Rally wellness program
Employee Assistance Program (EAP) and Work Life Services
Behavioral Health Family Support Program
Livongo support for diabetes, hypertension, and weight management
AccessHope cancer support
Wellthy caregiving assistance
Back-up child care and elder care
Health Advocate
ABLE accounts
Legal insurance
Identity theft protection
Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.
Operational challenges in integrating OneAmerica's business could affect service quality.
Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.
The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.
Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.
The financial wellness market's growth offers significant opportunities for Voya's programs.
AI integration in investment management can enhance Voya's strategies and client outcomes.

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