• Risk Analyst

    Location US-NY-Long Island City
    Category
    Accounting/Finance
  • Overview

    Focused on supporting the VP of ERM in the execution and delivery of the ERM Program at UNFCU. This includes, but not limited to, conducting risk trainings, risk identifications, risk assessments, and risk reporting functions. Requires partnering with departments in understanding risks and providing guidance in developing risk strategies and mitigating risks. Responsibilities include analyzing risk exposure as well monitoring and developing risk indicators to provide reporting to the Risk Management Committee (RMC), Executive Management, and the Board. Perform independent oversight and analysis of lending risks. This may include the review of a sample of mortgage and consumer loan files to ensure compliance with internal guidelines, secondary market and regulatory requirements.

    Responsibilities

    • Maintain an ongoing risk aggregation process to report on top risks and to assess risks against set risk appetite thresholds.
    • Facilitate and perform Risk and Control Self Assessments (RCSA) process as applicable.
    • Develop and monitor risk indicators against thresholds and limits.
    • Monitor internal and external information for identification of risk.
    • Provide administrative support for the Risk Management Committee (RMC) and assist as applicable in the process of creating reporting packages.
    • Identify areas of improvement in the development of risk reporting and work with relevant stakeholders to determine suitable solutions.
    • Assist and support in the management of the UNFCU’s Insurance Risk Management Program.
    • Maintain good relationships with departments enterprise-wide for effective risk oversight.
    • Rapid response to Senior Management requests for ad hoc analysis and reporting.
    • Assist in the analysis and production of the Quality Control Analysis reports of mortgages and consumer loans.
    • Prepare presentations as applicable for Senior Management related to credit risk analysis and loan portfolio reviews as required.
    • Aid and support in providing ERM Training enterprise wide when applicable.
    • Stay well informed of industry updates, new regulations, and best practices relating to risk management to ensure that the ERM policy and procedures are effective and that they meet regulatory expectations.

    Qualifications

    TYPE & AMOUNT OF EXPERIENCE:

    • Bachelor’s degree; concentration in analysis, research, and psychology/organizational behavior preferred and a minimum of 3 years of Financial Services industry or Risk Management related experience
    • Enterprise Risk Management and/or risk governance experience helpful 

    TECHNICAL COMPETENCIES:

    • Familiarity with concepts such as Risk Appetite Statement, Key Risk Indicators, Risk Aggregation and Risk and Control Self Assessments (RCSA) desirable
    • Experience with Three (3) Lines of Defense Risk model is helpful
    • Working knowledge of Analytical Tools/Database applications (e.g. GRC, Bloomberg, SNL and Tableau)
    • Proficiency with Microsoft Office and analysis tools
    • Knowledge of risk preferably related to financial services and various risk disciplines including, but not limited to; credit, reputation, market risks, operational risk, and compliance risk
    • Knowledge of customers/members, industry, market, economic and regulatory developments as they relate to the overall impact to the organization
    • Knowledge of lending process for different products including consumer, mortgage, and commercial real estate 

    BEHAVIORAL COMPETENCIES:

    • Excellent verbal, written and interpersonal communication skills, facilitation and consensus-building skills and a high degree of personal initiative and attention to detail
    • Conceptual and practical thinking and implementation skills
    • Demonstrated relationship-building skills, with a superior ability to make things happen through the use of positive influence
    • Ability to work effectively in a small team while developing and maintaining strong working relationships with all levels across the organization
    • Ability to lead and participate in teams
    • Ability to adapt, pivot, and handle multiple tasks simultaneously and meet established deadlines or changing priorities
    • Curious with analytical, influencing, problem solving, and negotiation skills
    • Professional appearance and a willingness to work flexible hours

     

    WORK ENVIRONMENT/CONDITIONS:

    • Standard office conditions

     

    In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed