Lead Risk Analyst

Description

At Merchants Bank our risk management team establishes and maintains the company’s risk management program and provides oversight, including challenges to and independent assessment of management’s execution of its risk management practices. We manage risk according to the ERM Policy and risk management framework and ensure all employees understand their individual accountability for managing risk. 

The Lead Risk Analyst supports the second line of defense Enterprise Risk Management team with all aspects of the enterprise-wide risk management program. Responsibilities include, but are not limited to, the identification, measurement, monitoring, control/mitigation, and reporting of the Company’s key risks, advising on risks and risk analysis on new products, services, and stress scenarios, leading and driving complex Company initiatives, (d) and collaborating and advising on risk events. 

After one year as our Lead Risk Analyst, you will know you were successful if you are able to handle the following confidently and independently.

• Identifies, seeks, and successfully influences key partners across the Company to support the identification, assessment, aggregation and the overall management of risks and controls using established ERM frameworks.
• Creates and effectively manages strong relationships across various levels of leadership. 
• Routinely communicates results of oversight activities including monitoring and risk assessments to business process owners and various levels of leadership in the Company to influence decision making.
• Support, and as needed develop, risk tools and methodologies to measure, monitor, and report risks based on established strategy.
• Applies expert knowledge and independent critical thinking to use or produce analytical insights for discussion to understand business objectives and influence solution strategies.
• Serves as the point of contact for projects and special management requests that may impact at an enterprise-wide or specific operational area.
• Crafts key communications to be delivered to bank executives and board members.
• Leads, assembles, and facilitates teams to identify, assess, aggregate, and mitigate current and emerging risk events.
• Coordinate with Risk Management teammates to ensure risks and control assessments are timely and accurately updated to reflect any key control testing exceptions, process, and/or control changes to help ensure the Company’s risk profile is effectively communicated according to Company standards.
• Support Risk Management teammates by providing direct verbal and written feedback through the workpaper review process.
• Provide support in the day-to-day administration of risk management activities, including tracking completion of action plans, conducting walk through meetings with business unit process and control owners, remediation documentation reviews, and testing of controls.
• Promotes and maintains a positive work atmosphere by behaving and communicating in a positive, professional manner to work effectively with co-workers, management, partners, and vendors.
• Ensure compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

Requirements

What we are looking for…

• Bachelor’s degree in a business-related field required with minimum of 5 years’ experience in relevant enterprise risk management, auditing or business process.
• Experience in banking or a financial services industry background preferred.
•  Strong proficiency with enterprise risk management. Prior experience in identification of controls and control evaluation. Working knowledge of business process controls, entity level controls, Auditing Standards, generally accepted accounting practices (GAAP), and operational risks.
• Ability to influence at all levels of the organization through strong verbal and written communication skills as well as maintain confidentiality required.
• High attention to detail and excellent analytical skills required.
• Related certification (CPA, CIA, or other) preferred.
  
   

ABOUT MERCHANTS
 

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking.  Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
 

We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.