Associate Risk Analyst (Digital Risk)

Overview

Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial, or operational, risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Conduct routine work assignments of limited scope and complexity under close supervision. Entry level professional with developing skill set and a basic understanding of procedures and techniques.

Responsibilities

• Plan the research for and development of specialized risk assessment scopes
• Collaborate with management and personnel to optimize risk assessment scope development
• Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities
• Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
• Lead/conduct and provide expertise with the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal‘s quality control standards, policies and procedures
• Make recommendations for additional controls and corrective action to improve the efficiency and effectiveness of operations and risk mitigation processes
• Perform periodic reviews of existing regulatory policies, procedures, and exam guidance, and implement necessary updates to business unit processes and procedures as needed
• Develops, recommends, and documents adjustments to workflow to streamline processes.
• Analyze information, requirements, data, work quality, work methods, processes, service specific practices, standards and metrics/statistics
• Manage and conduct research and analysis to determine any downstream impacts of new regulatory guidance, practices, and expectations; make recommendations for changes to Business Unit processes based on analysis

• College/university degree or 1-2 years of experience in risk management fundamentals, analytics, financial industry, quality assessment and monitoring
• Understanding of risk-based auditing techniques and methodologies
• Understanding of applicable federal and state regulations, company policies, and industry best practices
• Basic project management skills
• Exposure to operational and regulatory risk controls concepts and practices
• Familiarity with how to organize and effectively execute risk mitigation and process improvement initiatives
• Understanding of risk-based auditing techniques and methodologies
• Understanding of applicable federal and state regulations, company policies, and industry best practices
• Basic project management skills
• Exposure to operational and regulatory risk controls concepts and practices
• Familiarity with how to organize and effectively execute risk mitigation and process improvement initiatives
• Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience

• Master's Degree in related field or equivalent combination of training, education and experience
• Experience using data and analytic tools such as: Power BI, Databricks, SQL, Python, R, or Tableau
• Good communication and presentation skills
• Comfort working with large datasets and telling stories with data