Enterprise Risk Management Analyst II

About the position BASIC PURPOSE: Assists with the identification, measurement, assessment and reporting of enterprise wide risks at the Bank including emerging risks, operational risk, credit risk, and business risks, etc. Assist with macroeconomic analysis to be incorporated in risks assessment and strategic planning process. Assists with the governance and oversight of enterprise wide programs managed by the Enterprise Risk Management area. Develops and maintains risk measurement tools, metrics and processes to identify and report on current and emerging risks. ESSENTIAL FUNCTIONS: Performs enterprise-wide risk assessments, focusing on operational, business, credit, regulatory, emerging, and “black swan” risks to evaluate the Bank’s ability to meet its strategic goals within established risk tolerance levels and comply with regulatory/internal policy parameters Develops an advanced understanding of risk, including economic drivers, and its potential effects on the Bank, maintains a working knowledge of the Bank’s policies, and understands the organizational structure of the Bank. Remains aware of the issues and concerns of outside regulatory bodies and their effects on the business. Assists in the identification and assessment of enterprise-wide risks and the preparation of the annual bank-wide Risk Assessment Report that is presented to the board of directors. Performs macroeconomic analysis to be incorporated in risks assessment and strategic planning process. Helps to develop the frameworks and strategies to measure, monitor and report on operational risks at an enterprise-wide level, including enterprise-wide operational risk measurement tools and metrics, to comply with FHFA Advisory Bulletin 2014-02. Collaborates with business unit managers to identify key drivers of operational risk and to establish routine reporting against those metrics. Develops and implements enterprise-wide risk measurement analytical tools, software and metrics used for risk assessment, monitoring and reporting activities.

Responsibilities

• Performs enterprise-wide risk assessments, focusing on operational, business, credit, regulatory, emerging, and “black swan” risks to evaluate the Bank’s ability to meet its strategic goals within established risk tolerance levels and comply with regulatory/internal policy parameters
• Develops an advanced understanding of risk, including economic drivers, and its potential effects on the Bank, maintains a working knowledge of the Bank’s policies, and understands the organizational structure of the Bank.
• Remains aware of the issues and concerns of outside regulatory bodies and their effects on the business.
• Assists in the identification and assessment of enterprise-wide risks and the preparation of the annual bank-wide Risk Assessment Report that is presented to the board of directors.
• Performs macroeconomic analysis to be incorporated in risks assessment and strategic planning process.
• Helps to develop the frameworks and strategies to measure, monitor and report on operational risks at an enterprise-wide level, including enterprise-wide operational risk measurement tools and metrics, to comply with FHFA Advisory Bulletin 2014-02.
• Collaborates with business unit managers to identify key drivers of operational risk and to establish routine reporting against those metrics.
• Develops and implements enterprise-wide risk measurement analytical tools, software and metrics used for risk assessment, monitoring and reporting activities.
• Documents, evaluates, and improves the design of risk-related reports.
• Interacts and collaborates with business units to help provide additional guidance, reporting and insight.

Requirements

• A bachelor’s degree in accounting, finance, or economics and five years experience, or the equivalent combination of education and experience.
• Working knowledge of risk management concepts and practices, risk assessments, and regulatory and compliance concepts prevalent in banking is preferred.
• Effective communication (oral and written) skills required including presentation skills.
• Strong analytical, interpersonal, persuasion and demonstrated written and verbal communication skills.
• Critical thinking and the ability to complete assigned projects with minimal supervision.
• Advanced skills in the use of Microsoft Excel.

Nice-to-haves

• Experience in enterprise risk management and/or Audit is highly preferred.
• Basic understanding of VBA, SQL, or other quantitative or data analysis software, preferred.

Benefits

• In addition to an excellent work environment, the Bank offers its employees a flexible, highly competitive benefits package.
• For more information, please download our Summary of Benefits.

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