ERM Risk Analyst
Start a Rewarding Career with Alliant
What will your day look like?
You will support the Enterprise Risk Management program and the Third-Party Risk Management program for the Credit Union. Third-party risk management duties include the coordination of risk assessments, due diligence, and management of third-party relationships through ongoing performance and risk monitoring. In addition, the incumbent supports the day-to-day delivery of other third-party risk functions including process monitoring, reporting, and end-user support. The ERM Risk Analyst conducts a number of risk assessments related to the processes performed by the Credit Union, across the firm. The Risk Analyst is responsible for creating a number of reports provided to both internal and Board-level governance committees. The Risk Analyst assists with the annual examination performed by the Credit Union's regulators. Resources to do the job require reliance on experience and judgment to plan and accomplish goals utilizing a wide degree of creativity and latitude. General direction is received from the Supervisor, ERM
Responsibilities
Do you see yourself doing this?
Third Party Risk Responsibilities:
- Coordinate the risk assessment and due diligence process on prospective third-parties
- Conduct periodic performance and risk reviews of existing third-parties
- Collaborate with business and various risk subject matter experts to address and/or mitigate identified risks
- Facilitate remediation for any third-party related operational issues as needed
- Ensure third-party relationships adhere to company policies and are compliant with regulatory guidelines and industry best practices
- Ensure new third-party due diligence and supporting documents are properly captured in the Supplier Information Management (SIM) system
- Manage recurring third-party risk management reports to be shared with the organization which will include risk ratings, policy exceptions, performance and other risk management key performance indicators (KPIs).
Enterprise Risk Management Responsibilities:
- Lead ERM risk assessments for the Credit Union and reporting for all dimensions of risks
- Facilitate risk assessment activities with other processes including process engineering / reengineering across different functions to ensure alignment, efficiency and productivity
- Partner with senior management, functional risk managers, and frontline employees to demonstrate how enterprise risks interact with business processes, assess key risk drivers, and develop controls to proactively manage and mitigate risks
- Identify key risk indicators (KRIs) and construct reporting which reflects the risk level based on the KRIs
- Draft governance committee minutes
- Improve the Credit Union's culture of risk awareness
- Apply sound knowledge and practice of risk management principles to research, analyze, and collaborate with functional partners, recommend sustainable improvements to processes and systems while ensuring cohesion with organizational strategy
Other Responsibilities:
- Ensure business needs, questions, and concerns are addressed with accuracy and thoroughness, and within specified time frames; review complex requests and work to resolution in an equitable manner; ensure all actions are conducted in an ethical and professional manner
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Complies with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives
Qualifications
What makes you a great fit?
You'll be a great fit if in addition to the completion of a Bachelor's degree inBusiness, Finance or related field strongly preferred, and you have:
- 1-3 years' experience in Enterprise Risk Management, procurement, third-party risk management or vendor management
- Experience with regulatory examinations in financial services is preferred
- Knowledge of National Credit Union Administration (NCUA), Federal Financial Institutions Examinations Council (FFIEC), and Consumer Financial Protection Bureau (CFPB) regulations and guidance is a plus
- Ability to collaborate effectively with senior management, vendors, business and technical partners
- Excellent oral and written communication skills
- Problem-solving and analytical skills
- Strong judgment, organizational, decision-making and process management skills
- Demonstrated effectiveness in managing multiple priorities and meeting deadlines in a fast-paced environment; flexibility with changing priorities on a daily basis
- Demonstrated commitment to quality and continuous improvement
- Proficiency in Microsoft Word, Excel and Outlook required
When you're happy, we're happy!
As a thank you for joining our team, you'll benefit from:
- Competitive medical, dental, and free vision benefits
- Competitive compensation plan
- Contributions towards gym memberships
- Generous PTO and banking holidays off
Still not convinced?
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