What are the responsibilities and job description for the Enterprise Risk Management Analyst position at Apple Bank for Savings?
Hybrid/New York, NY
Salary Range: $150,000 - $170,000
The AVP, Enterprise Risk Management Analyst reports to the Head of Enterprise Risk and provides second line oversight and effective challenge for risks across Apple Bank. This position will support the Head of Enterprise Risk by executing the operational risk framework, including but not limited to, risk and control assessments, controls testing, exposure monitoring, issues and actions management, key risk indicators, scenario analyses, etc. Additionally, the Analyst identifies bank wide risk issues and monitors risk profiles within the risk appetite and contributes to escalation and accurate reporting to risk governance committees and supports the business on the identification and timely reporting of incidents.
We are an equal opportunity employer and do not discriminate on the basis of any legally protected status or characteristic. Minority/Female/Disability/Veteran.
Salary Range: $150,000 - $170,000
The AVP, Enterprise Risk Management Analyst reports to the Head of Enterprise Risk and provides second line oversight and effective challenge for risks across Apple Bank. This position will support the Head of Enterprise Risk by executing the operational risk framework, including but not limited to, risk and control assessments, controls testing, exposure monitoring, issues and actions management, key risk indicators, scenario analyses, etc. Additionally, the Analyst identifies bank wide risk issues and monitors risk profiles within the risk appetite and contributes to escalation and accurate reporting to risk governance committees and supports the business on the identification and timely reporting of incidents.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Risk Assessment: Analyze and assess the bank's credit, liquidity, interest rate, and capital risk exposures, including stress testing and scenario analysis
- Risk Mitigation: Implement risk mitigation strategies and action plans to minimize the impact of identified risks including credit, liquidity, interest rate, and capital risks effectively.
- Policy Development: Create and maintain risk management policies and procedures in line with regulatory requirements and industry best practices.
- Monitoring and Reporting: Continuously monitor risk exposure and provide regular reports to senior management. Participate in development of risk management KPIs and KRIs.
- Collaboration: Work closely with other departments (Lending, Finance, Treasury, Internal Audit, Legal, & Compliance) to ensure a coordinated approach to risk management.
- Credit Scoring Models: Support the Chief Credit Risk Officer in maintaining and evaluating the Bank's credit scoring models.
- Committees: Serve on multiple risk committees as acting secretary to take and distribute notes and minutes.
- Country Risk Management: Evaluate countries, assign risk ratings, report risk concentrations, assess downside scenarios.
- Toolset Administration: Serve as lead Governance, Risk & Compliance (GRC) system administrator to support risk activities (i.e., issue/action management, risk assessments, control testing, etc.).
ADDITIONAL DUTIES & RESPONSIBILITIES
- Oversee GRC toolset with stakeholders across the business to support risk activities including issue remediation, self-assessments, control testing, and policy management.
- Communicate with business line partners to effectively understand risk and control effectiveness.
- Create and/or use data to identify risk trends and make risk-based decisions or recommendations.
- Perform other duties as requested.
SKILLS, EDUCATION, & EXPERIENCE
- Bachelor's degree preferred.
- 3-7 years of risk management experience in the financial services industry, focusing on at least one of the following risk stripes: credit risk, liquidity risk, market risk and/or enterprise risk management.
- Strong understanding of risk management principles, regulatory requirements, and industry best practices related to credit risk or liquidity, interest rate, and capital risk.
- Proficiency in risk management software and tools, as well as Microsoft Office Suite (Excel, Word, PowerPoint, Power BI, Power Builder). Ability to produce and comprehend complex Excel reports capable of tracking trends, variances, and exceptions.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication skills (written verbal) to effectively interact with stakeholders at all levels.
- Ability to manage multiple projects and build relationships with senior management and stakeholders.
- Highly organized with exceptional attention to detail and follow-through.
- Ability to adapt quickly to various industries and businesses.
- Ability to self-direct, analyze, evaluate, and form independent judgments.
- Commercially savvy with the ability to exercise discretion with highly confidential/sensitive information.
- Strong strategic and critical thinking skills, including the ability to analyze problems and develop proposed solutions.
ADDITIONAL SKILLS & ATTRIBUTES
- High level of integrity, ethical standards, and sound judgment.
- Ability to work independently and as part of a team.
- Team player with a positive attitude and strong work ethic.
- Ability to establish and maintain effective working relationships with a diverse group of people, including vendors.
- Ability to coordinate various activities simultaneously and prioritize workload appropriately with little supervision.
- Ability to distinguish and process confidential material and information with discretion.
Visa sponsorship not available.
We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.
We are an equal opportunity employer and do not discriminate on the basis of any legally protected status or characteristic. Minority/Female/Disability/Veteran.
Salary : $150,000 - $170,000
