Enterprise Risk Management Analyst, Financial Risk

Assist in the implementation and maintenance of Broadviews enterprise risk management program with a focus on financial risk. Coordinate and facilitate market risk assessments across various business units products services processes and projects. Update analyze and manage risk and control inventories and mappings in Broadviews GRC system. Gather risk information from multiple data sources for root cause analysis rating and evaluation. Prepare periodic reports and presentations for the VP Enterprise Risk Management the Risk Management Executive Committee and Board Risk Committee. Support ERM management in various meetings audits projects reviews and initiatives. Work with management to design and deliver educational training or other materials to support desired organizational risk management framework and culture.

Essential Job Functions/Responsibilities

1. Governance and Culture

• Assists with the implementation execution and maintenance of the enterprise risk management program.

• Supports a culture of risk management across the organization reinforcing the importance of and establishing oversight responsibilities for enterprise risk management.

• Promotes a risk-aware culture across the organization through stakeholder engagement and tailored risk management training.

• Assist lines of business to understand their roles and responsibilities in managing risk.

• Encourages proactive risk management behaviors at all levels to promote a shared responsibility for risk mitigation.

• Prepares documents and implements risk management procedures.

• Prepares and provides risk management training as needed.

2. Strategy and Objective-Setting

• Executes the ERM program as directed and in alignment with the approved risk appetite and Broadviews strategic objectives.

• Fosters collaboration with internal stakeholders including leadership business units and risk owners. Work collaboratively across departments to help improve the management of a business process focusing on the process and experience from beginning to end.

• Establish effective working relationships with peers regulatory bodies and other stakeholders to exchange knowledge and insights on emerging risks and best practices.

3. Risk Identification & Assessment

• Conduct proactive identification evaluation and documentation of enterprise risk including operational financial reputational strategic cyber information security IT and regulatory-related risks that may hinder Broadviews objectives.

• Assist with data analytics to identify potential enterprise and operational issues.

• Administratively manage and utilize risk management GRC software and data analysis tools.

• Prepare and maintain risk indicators and dashboards for monitoring and trending.

• Facilitate other periodic risk assessments per an established program schedule. These include but not limited to project product and process risk assessments.

• Provide ongoing operational risk consultation to lines of business to influence and support risk responses.

• Collaborate with business process owners to gather and document information to support risk assessments.

• Oversee and monitor risk responses as identified through risk assessments tests audits and exams.

• Compile track and report on risk metrics in collaboration with risk owners.

4. Review and Revision

• Continually evaluates the ERM program for improvements to ERM processes products and systems.

• Stays updated on regulatory changes and industry issues impacting risk exposure and recommend program policy or procedural adjustments to mitigate the same.

• Leverage technological solutions such as data analytics AI and automation to enhance risk monitoring and decision-making processes.

5. Information Communication and Reporting

• Produce detailed reports summarizing findings analyses and recommendations equipping stakeholders with actionable insights for informed decision-making.

• Prepares and publishes risk reports with prescribed frequency and format.

• Identify monitor and maintain key risk indicators (KRIs) and dashboards.

• Prepare Risk Management Committee agenda supporting reports/references and meeting summaries.

• Provides clear and timely communication on issues risks and changes to management and stakeholders to ensure appropriate actions are taken.

Minimum Job Qualifications

• Bachelors degree in finance or related field and a minimum of three (3) years of experience in Finance Enterprise Risk Management or related field or an equivalent combination of education and experience.

• Strong working knowledge of financial service industry.

• Professional Risk certification preferred.

• Demonstrated ability to independently organize work balance multiple priorities and manage a variety of projects in a high-volume work environment.

• Experience with project problem diagnosis solution development facilitation of decision making and documentation.

• Strong business background with the ability to identify risk in all areas of the credit union.

• Broad understanding of various risks including regulatory and compliance interest rate credit liquidity transaction strategic and reputation risks.

• Ability to:

  • Facilitate risk discussions with senior management.

  • Develop and maintain effective and productive relationships through establishing trust and credibility with key members of management of the institution.

  • Work autonomously and as part of a team.

  • Perform risk assessments develop risk action plans and programs and understand testing and evaluation of controls.

  • Meet concurrent deadlines with multiple priorities and adapt to new challenges and changes in management directions.

  • Clearly and concisely document and present work.

  • Analyze processes solve problems and make recommendations for improvements.

  • Strong written and verbal skills required to communicate with credit union employees as well as outside credit union contacts.

• Strong analytical skills collects and researches data uses intuitive and experience to compile and analyze data; designs workflows for department efficiency.

• Strong working knowledge of Microsoft Office software including Word Excel and Power Point.