What are the responsibilities and job description for the Risk Analyst position at Dime Community Bank?
Summary: Dime Community Bank is looking for a Risk Analyst based at its Headquarters in Hauppauge, Long Island. Under the direction of the Risk Manager, the Risk Analyst is responsible for the completion of assigned process level risk and control self-assessments (RCSAs) in collaboration with business managers, the identification of issues, and communication of identified issues with Risk Management to ensure any potential concerns are addressed in a timely and effective manner. The Risk Analyst is part of Dime's Second Line of Defense. NOTE: This role is risk management over processes within the Bank and is NOT data analytics/risk management in investment banking.
Salary commensurate with experience, ranging from $60,000 to $71,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.
All applicants must attach a recent resume. This is NOT a remote role. This is a hybrid role (4 days in office/1 day remote).
Responsibilities:
- Plan, coordinate, and execute RCSAs within the GRC framework/tool (Quantivate) in accordance with departmental methodology and professional standards.
- Perform risk assessments by reviewing and analyzing evidence and documenting results through the application of risk and control concepts to scenarios encountered and identifying any potential issues.
- Perform periodic testing of identified controls and clearly document test results in a concise manner through preparation of detailed risk “work papers” in accordance with departmental standards.
- Lead risk discussions with business leaders and process owners to understand internal processes, identify risks impacting the Bank and to determine effectiveness of controls in place.
- Develop an understanding of Bank processes to assess confined or thematic risks/threats across multiple areas in conjunction with review of critical systems/applications or third-party service providers.
- In collaboration with PMO and business units, assist in the generation of new product/service risk assessments.
- Develop strong relationships with business managers by addressing issues/concerns related to risks in a timely manner; foster a culture of partnership.
- Maintain and update risks and controls in connection with the Risk and Control Self-Assessment (RCSA) Process.
- Monitor and track findings associated with the RCSA Process.
- Perform other functions as assigned in support of the Enterprise Risk Management Program.
Qualifications:
- Bachelor's degree in business or related field and a minimum of 2 years’ related work experience; a combination of education and financial experience may be considered.
- Must possess effective verbal and written communication skills.
- Strict attention to detail; ability to work independently on assignments.
- Excellent planning and organizational skills to balance and prioritize workload to meet deliverable targets.
- Ability to take ownership of projects and issues and see them through completion.
- Must be a forward thinker with the ability to evaluate current practices and challenge the status quo.
- Demonstrate flexibility in responding to changing priorities.
- Ability to develop and maintain effective working relationships with key business partners.
- Proficient in Microsoft Office suite (i.e., Excel, Word, PowerPoint, and Outlook).
Salary : $60,000 - $71,000
