ERM Analyst II

5 days left

Location
Herndon, VA
Posted
Sep 21, 2021
Closes
Oct 21, 2021
Ref
2021-1823
Function
Analyst
Hours
Full Time
Overview

For more than 70 years, Northwest Federal Credit Union has provided valuable financial products and services for our members. Northwest offers employees a comprehensive benefits program including: medical and dental plans, paid time off, a generous 401k match, student loan assistance, parental leave, and the opportunity to grow professionally through a wide range of job-based, classroom and online training resources. Northwest Federal Credit Union has been recognized as a 2020 & 2021 Top Workplace by The Washington Post and we believe that our success is built upon the excellence and achievement of our employees. Together, we serve and inspire to transform lives.

As a key member of the Risk Management team, the Enterprise Risk Management (ERM) Analyst will assist in developing the ERM function and promoting ERM awareness at an organizational level. The ERM Analyst will facilitate the identification, evaluation, and effective mitigation of risks to include completing enterprise risk assessments, generating periodic risk dashboards and trend analyses, and managing control testing.

Responsibilities

  • Support the ongoing development of NWFCUs Enterprise Risk Management (ERM) framework
  • Support identification and measurement of key risk indicators for the enterprise to identify emerging risks and possible impediments to achieving strategic objectives. Monitor the Credit Union\u2019s risk profile
  • Identify, resolve & document strategic, financial, operational, and compliance risk-based issues across the Credit Union. Manage enterprise-wide findings and controls
  • Support timely review of credit union policies to ensure adherence to policy standards and compliance with regulatory requirements
  • Assist with developing, maintaining and documenting business impact assessments, business continuity plans and business continuity testing
  • Facilitate risk and control self-assessments (RCSAs) and execute control test of design and operating effectiveness
  • Assist with updating risks and controls, as needed
  • Develop and maintain knowledge of various business units, credit union regulatory requirements, and financial institution risk management best practices
  • Maintain enterprise governance frameworks, standards and practices relating to risk governance and work with the first line of defense to increase risk awareness
  • Assist with the administration of NWFCU\u2019s Governance, Risk, and Compliance (GRC) tool
  • Work collaboratively with 1st, 2nd, and 3rd Lines of Defense functions to identify and implement consistent and practical approaches to risk governance and control-based activities
  • Ability to work independently, with limited required direction and guidance, and provide appropriate direction to other project team members as appropriate
  • Ability to interact with all levels of the organization
  • Performs other related duties as assigned by Senior Manager, ERM & Compliance or other senior level leadership
  • Adhere to Bank Secrecy Act (BSA) regulations and all related Credit Union policies and procedures


Qualifications

  • Bachelor\u2019s degree in Accounting, Finance, Business Information Systems, general business or another related field
  • 2-4 years of experience in a risk management or internal or external audit field or in a related area within a financial institution
  • Ability to apply audit concepts, principles, procedures and techniques
  • Proficiency in Microsoft Excel, Word, PowerPoint, and SharePoint

Preferred Experience:
  • Experience with various lines of business environments within the financial services industry
  • Experience in a financial institution using a recognized GRC system such as Archer
  • Experience in business continuity planning


EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

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