Operational Risk Management Associate

| Chicago
Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service. Since 2012, Avant has connected over one million customers to $6.5 billion in loans and to 200,000 credit cards. A high growth financial technology company, Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital. Visit www.avant.com for more information.
Job Description:
The Associate/Sr. Associate, Operational Risk Management of Avant, will be responsible for assisting the Head of Operational Risk with their mandate to design, implement, and execute an effective Operational Risk Management program, and oversee risk mitigation activities across the Avant enterprise.
This position is considered remote eligible and we are accepting applicants outside of the Chicago market.

What you do at Avant:

  • Support Avant’s Corrective Action program by reviewing and reconciling internal and external risk incidents/loss events to ensure that incidents are addressed in a timely manner
  • Function as the senior team member on the Corrective Action team by supporting issue tracking and reporting, managing individual issues from initial discovery to closure, and assisting with the development of business insights for the executive team
  • Develop close partnerships across lines of business and provide value-added collaboration with team leaders to ensure that key risks are properly identified, managed and mitigated
  • Support the documentation and development of front-line controls
  • Contribute towards identifying emerging risks, trends and material enterprise-wide risk issues
  • Support change management for new products, business initiatives and strategies, and assess impact on the division’s risk profile
  • Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency across the organization

Why you are a fit for Avant:

  • Experience in querying and analyzing large datasets on a regular basis to assess scope and impact
  • Strong collaboration and cross-functional skill set with the proven ability to develop effective working relationships with business and functional partners to influence decisions
  • Strong program and project management skills and ability to independently manage multiple, conflicting priorities and deliver a quality result within tight deadlines
  • Exposure and knowledge of risk management concepts and practices (Risk and Control Self Assessments, Risk Indicators, Risk Events, Issue Management, etc) 
  • A strong moral compass and a commitment to high ethical standards
  • Bachelor’s degree in Finance, Business Administration, Accounting, Liberal Arts, or a related field or equivalent years of experience
  • 5+ years of work experience in Risk Management, Audit, Legal, Compliance, or Project Management capacity
  • 3+ years of experience on projects within a complex business environment preferred
  • 3+ years of experience with SQL required
  • Advanced Excel skills required

Why Avant is a fit for you:
At Avant, we believe our values make a difference:
We value, support, and help each other grow
We are committed to active inclusion and diversity
We are transparent and believe the best idea wins
We succeed when our customers succeed
We get sh!t done… responsibly
And we keep it fun!
We believe that ideas are more important than titles, everything is more fun together, everyone drives change, and everyone is an owner. While we believe the perks and benefits that we offer are terrific, nothing excites us more than having the ability to collaborate with intelligent, highly-motivated and talented people on challenging problems as we work to change the face of online lending.

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Technology we use

  • Engineering
  • Product
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • SqlLanguages
    • TypescriptLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • DjangoFrameworks
    • Ruby on RailsFrameworks
    • MySQLDatabases
    • JIRAManagement

Location

Located on Chicago's scenic riverwalk, we're surrounded by trendy restaurants, a thriving startup community, and easy access to public transportation.

An Insider's view of Avant

What’s the vibe like in the office?

The vibe is positive and encourages fun, but also strives for growth through hard work and innovation. I would also say Avant is a “come as you are” environment where people are able to bring their whole selves to work, which leads to diverse viewpoints and great ideas.

Liz

Software Engineer

How do you collaborate with other teams in the company?

Because of the nature of my role, I’m constantly collaborating and working with other teams. Program management is like being a traffic cop, at the intersections of every vertical within the business unit; I stop and start traffic, provide estimates on travel time, and route drivers down the right street if they get lost.

Molly

Customer Success Manager

What are some things you learned at the company?

The new projects we launch for our bank partners are really exciting because of all the learning opportunities they present. These projects require a substantial amount of collaboration between teams, so everyone is growing and learning from one another as we go. It's pretty awesome!

Marq

Tech Quality

What does your typical day look like?

70% of my day is working on code. 20% of my day is spent on unblocking other junior engineers or reviewing code. 10% of my day is in meetings. 100% of my day is spent having fun! =)

Hebron

Software Engineer Team Lead

What are Avant Perks + Benefits

Avant Benefits Overview

We offer group Medical, Dental, and Vision coverage, generous parental leave, commuter benefits, and unlimited vacation time. We have a free gym on site at our Chicago office and other great perks like a fully-stocked kitchen with beer on tap, casual dress code, a game room, and company happy hours.

Culture
Volunteer in local community
We love being in Chicago! We'll run donation drives for local schools, pack lunches for city shelters, host events for young people interested in fintech, and whatever else comes up!
Friends outside of work
Eat lunch together
Intracompany committees
Like the Diversity & Inclusion Committee and the Fun Committee, to name a few.
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Documented equal pay policy
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity manifesto
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Acme Co. provides employees with a 401(k) matching plan managed by [provider]. We match 4% of contributions up to 5% of an employee's annual gross pay.
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Acme Co. provides employees with a flexible work schedule that includes Flexible start and end times.
Remote Work Program
Family Medical Leave
Return-to-work program post parental leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Acme Co. hosts company outings Quarterly.
Game Room
Stocked Kitchen
Happy Hours
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Acme Co. offers employees professional development opportunities like Onsite training courses, The ability to attend job related conferences and seminars.
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Paid industry certifications
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