What are the responsibilities and job description for the Risk Analyst position at SAFE FCU?
SUMMARY
The Risk Analyst performs duties as assigned by the Chief Risk Officer in support of all programs in the Legal and Risk Management department to include NPI requests, business continuity, and fraud. Risk Analyst use their analytical skills to project potential losses, and make recommendations to limit risk. The Risk Analysts assist the organizations to identify the risks involved and ways through which they could be prevented. Some of the preventive measures include identifying the ways through which the institution can implement controls without hampering the productivity of the organization. This position requires the confidentiality of any information gathered, collected, or discovered.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
• Performs testing and review of member files, deposit and loan accounts and applications for conformity with laws and regulations and credit union policies and procedures.
• Documents, communicates, and addresses findings and prepares meaningful reports for employees and management to monitor findings and trends. Thoroughly examine and interpret reports.
• Interacts with credit union personnel to correct items, enhance investigations, and implement risk strategy discovered during the quality assurance and risk review processes.
• Makes recommendations to maximize the accuracy and effectiveness of the quality assurance and risk review processes.
• Maintains up-to-date checklists covering all review criteria in the areas of business impact and risk mitigation
• Organizes records in a manner that supports easy retrieval of files requested by auditors and examiners.
• Ensures data integrity of the credit union system, documents, and brand.
• assist in maintaining and improving the business continuity program to improve resiliency and protect brand and reputation.
• Administer and manage content on the Business Continuity SharePoint and Intranet sites.
• Ensure that new acquisitions are integrated into business continuity management program.
• Coordinate and document business recovery exercises and Preparis.
• Assist with Business Continuity program components (Business Impact Analysis, Risk Assessments, and employee integration) to ensure they are current, effective, and address SAFE’s business requirements.
• Review reports for prevention of fraudulent activity and loss mitigation. Able to come up with the solution to reduce risks.
• Research, analyze, accumulate all necessary information, to determine and recommend appropriate action to stop, and where possible, prevent fraud and identity theft losses.
• Create and maintain complete and accurate case files including evidence and interview summary in the case management system.
• Respond to emails, phone calls and voice mails from branches and other internal stakeholders across business disciplines and hierarchies.
• Responsible for updating annually the changes in insurance laws with regard to lines of business.
• Identify and report risks to the Chief Risk Officer as warranted. Recommend solutions and process changes to eliminate issues from reoccurring.
• Assists in updating and developing assessments, identifying prevention and mitigation efforts that result from such work.
• Performs other duties in the Legal and Risk Management Department as assigned by the Chief Risk Officer to support programs such as NPI requests, business continuity, FCRA, Fraud, and compliance.
• Other duties as assigned.
SUPERVISORY RESPONSIBILITIES
None.
PERFORMANCE STANDARDS
• Display excellent written and verbal communication skills when interacting with senior management, the Board of Directors, the Supervisory Committee, all personnel, members, auditors, and examiners.
• Maintain professional composure, objectivity and fairness when dealing with conflicts and sensitive matters.
• Display attention to detail, ability to multi-task and meet established deadlines.
• Exhibit sound judgment, critical thinking and problem solving skills.
• Maintain collaborative relationships with all departments.
• Demonstrate professional care and the highest standards of professional competency.
• Support a strong sense of teamwork and commitment to mentoring and serving others.
• Detail-Oriented (assures accuracy of every aspect/document related to testing)
• Able to handle multiple projects by prioritizing projects and meet deadlines.
• Demonstrated problem solving and decision making skills.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Regulatory Requirements: Your position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy/Patriot Act. You will receive annual training to keep you current on any changes to these policies/procedures to assure compliance. Failure to comply with procedures may cause termination of your position as well as possible monetary penalties from the federal regulatory agency.
EDUCATION AND/OR EXPERIENCE
High school diploma or equivalent experience. Minimum of three (3) years of prior financial institution experience, and one (1) year of loss prevention experience preferred. General knowledge and understanding of financial institution deposit operations, lending activities and other consumer banking functions. 1 to 2 years’ or intermediate to advanced experience with MS Excel and Excel Spreadsheets or ability to learn. May be required to attend training, seminars, or classes to increase job skills and knowledge base.
