What are the responsibilities and job description for the RCSA Analyst position at Covenant Technologies?
Company - MSSP
Job Title - RCSA Analyst
Location - Fully onsite in Tyson, VA (Washington DC area)
Role Type - 6 month contract
Must-Have Skills
- Strong understanding of risk management principles and methodologies, particularly in the financial sector.
- Experience in conducting RCSAs and developing risk assessments.
- Proficiency in using risk management tools and software, including Archer GRC.
- Excellent analytical and problem-solving skills.
Responsibilities
- Plan and execute RCSAs across different business units and departments.
- Apply different RCSA approaches, including process-based, objective-based, risk-based, and controls-based, depending on the specific assessment needs.
- Apply RCSA methodologies and frameworks specific to the financial industry, including those focused on regulatory compliance and operational resilience.
- Identify and document key risks and controls within each process.
- Assess operational risks across various departments.
- Ensure accurate identification of risk events, distinguishing them from underlying causes, secondary causes, or outcomes.
- Evaluate the effectiveness of existing controls in mitigating identified risks.
- Assess the likelihood and impact of potential risk events.
- Develop and maintain risk registers and risk assessment documentation.
- Utilize questionnaires and workshops to gather information and facilitate discussions with stakeholders during the RCSA process.
- Collaborate with business units to remediate control deficiencies and implement corrective actions.
- Monitor the status of risk mitigation activities and track the implementation of action plans.
- Report RCSA findings to management and provide recommendations for improvement.
- Stay abreast of industry best practices and regulatory changes related to risk management.
- Contribute to the development and enhancement of the RCSA program.
- Utilize data analytics to quantify and assess risks, leveraging historical data, industry benchmarks, and predictive analytics.
- Ensure the RCSA process informs other operational risk activities, such as scenario analysis and key risk indicators.
Skills:
- Strong understanding of risk management principles and methodologies, particularly in the financial sector.
- Experience in conducting RCSAs and developing risk assessments.
- Proficiency in using risk management tools and software, including Archer GRC.
- Excellent analytical and problem-solving skills.
Archer GRC:
- Prior working knowledge of Archer and associated Security and Risk modules. As an RCSA Analyst, you will utilize Archer GRC to:Conduct risk assessments and document risks and controls.
- Develop and manage workflows for RCSA activities.
- Track and monitor remediation efforts13.
- Generate reports and dashboards to communicate risk information.
- Manage policies and regulations, conduct gap analyses, and record deficiencies through findings and remediation.
- Consolidate risk information from across the organization in one central solution.
- Create, implement, and track decision-making throughout the organization.
- Manage and monitor internal controls to ensure compliance with company policies.
