What are the responsibilities and job description for the Risk Analyst position at EdFed?
Job Summary:
Responsible for the development, implementation, and execution of operational, functional, and compliance risk assessments. Ensure risk assessment frameworks identify all risk threats, potential impact to safety and soundness as well as regulations, and mitigating controls. Provide recommendations to minimize risk in the event that risk tolerance levels are exceeded.
Duties & Responsibilities:
- Identify and limit the risk associated with the organization’s operations including assessing business operations, identifying issues in projects, processes and new initiatives and preparing assessments on the findings.
- Perform risk assessments on operations, functions, projects and processes to ensure compliance with policies, procedures, and regulations and determine whether risk tolerances are in line with the organizations risk appetite.
- Recommend changes to policies and procedures to reduce operational, compliance, and project risks.
- Continually monitor business processes and regulatory changes to identify new potential risk threats to help ensure compliance with regulations.
- Consult and collaborate with a variety of internal stakeholders to better understand the business requirements, processes, product needs and alternative solutions striving for continuous improvement.
- Actively participate in the execution of projects, processes and initiatives that encompass all aspects of the organization’s business objectives.
- Build and facilitate working relationships with internal stakeholders across the organization.
- Assist Information Security as needed in creating risk assessments for new products and services and well as third-party onboarding.
- Perform other duties as assigned by management.
