Lead Risk Management Analyst

Overview

To develop and manage a comprehensive risk strategy for the business unit which maximizes business operations benefits while minimizing risk exposure and maintaining compliance, covering the risk exposure for the full portfolio of the organization's activities/interest. Promote operational efficiency and service excellence through appropriate risk management strategies, process improvements and training while reducing and mitigating operational, reputation, legal/regulatory and financial losses. Provide analytical support and execution for various business strategies to ensure Navy Federal goals are met. Perform more complex/unusual tasks with moderate latitude and increased impact.

Responsibilities

Develop strategies and models related to operational risks looking at operational, compliance and regulatory elements
Assess exposure to risk, ways to measure operational risk, establishes policies and procedures to minimize risk, identifies ways to protect the organization from financial loss and reputational damage
Develop and implement a process for responding, tracking and managing internal and external exam findings.
Evaluate alternative means of reducing the business operations' exposure to financial loss, damage to the organization's reputation and loss of business continuity
Utilize innovative financial impact analysis and problem solving skills to optimize business performance and minimize strategic risk exposure
Develop and implement operational risk management frameworks, methodologies, reporting, quantification/testing, policies, standards, and procedures as appropriate
Develop and optimize risk strategies and guidelines that drive organizational growth while ensuring that portfolios operate within boundaries of acceptable risk
Conduct statistical / financial analysis on internal and external market data to discover the tradeoffs of competing business objectives such as growth, profitability, market share and competitive position
Provide regulatory and compliance assessments of products and/or services for the division
Collaborate with cross-functional teams to implement effective programs and measures designed to identify and mitigate risks associated with business operations
Perform full cycle model design and development which includes but is not limited to identifying objectives, sampling, testing/validation, calibration, and monitoring performance
Develop various operational strategic opportunities and efficiencies surrounding the regulatory and compliance matters
Evaluate, develop, and implement analytical techniques and best practices to gain a competitive advantage
Develop systems to control and monitor assets in terms of operational risk
Serve as subject matter expert regarding business optimization and risk evaluations
Serve as a subject matter expert with internal and external auditors (e.g., NCUA, CFPB, and contracted third parties) to address and resolve audit questions and findings
Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
Prepare position papers to highlight issues which may or will impact Navy Federal operations
Develop and coordinate the production of performance reports to senior management
Make presentations to management and staff on industry and regulatory related news and developments
Perform other duties as assigned

Qualifications

Advanced knowledge and understanding of risk-based auditing techniques and methodologies
Expert knowledge of operational and regulatory risk controls, concepts and practices
Expert knowledge of applicable federal and state regulations, company policies, and industry best practices
Significant experience in managing cross-functional, multi-dimensional teams and projects of the highest complexity which have business risk and impact
Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
Ability to maintain professionalism when delivering challenging and unfavorable messages
Proven ability to influence management decision making
Advanced knowledge of products, services, processes, requirements, and systems related to the business unit
Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies
Ability to work independently and in a team environment
Significant experience in collaborating across organizational boundaries and building partnerships across various functions
Significant experience in managing multiple priorities independently and/or in a team environment to achieve goals
Expert demonstrating thought-leadership, initiative-taking, decision-making and creativity solving business problems
Advanced skill interpreting, extrapolating and interpolating data for statistical research and modeling
Advanced organizational, planning and time management skills in order to multi task competing priorities in a fast paced and dynamic environment
Expert skill maintaining accuracy with attention to detail and meeting deadlines
Expert communication and negotiation skills with ability to exercise good judgement and tact in dealing with senior management
Master's or Advanced Degree in Business Administration, Auditing, Law or related field or equivalent combination of training, education and experience

Desired Qualifications

Working knowledge of project lifecycles and management methodologies
Working knowledge of Navy Federal's functions, philosophy, operations and organizational objectives
Advanced knowledge of state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products/services
NCCO, CRCM, or other applicable compliance certification

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane Vienna, Virginia Heritage Oaks Dr. Pensacola, FL 32526

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024

• Computerworld Best Places to Work in IT

• Forbes 2024 America's Best Large Employers

• Forbes 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials 2023

• Fortune Best Workplaces for Women 2023

• Fortune 100 Best Companies to Work For 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• Yello and WayUp Top 100 Internship Programs

From Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

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