Senior Analyst in Enterprise Risk Management

2 weeks ago


Columbus, Ohio, United States Western Alliance Bank Full time

Job Title:

Senior Analyst in Enterprise Risk Management

Location:

Western Alliance Bank

Role Overview:

The Senior Analyst in Enterprise Risk Management (ERM) will be integral to the bank's second line of defense, focusing on the enhancement and support of operational risk management initiatives such as controls testing, issue management, and effective challenge processes.

The ERM/ORM division is an expanding entity dedicated to delivering expert guidance, credible challenge, and comprehensive oversight of business operations across the organization. This team plays a vital role in advising bank leadership and the Board of Directors on the risks associated with their decisions, the potential enterprise impacts, and strategies for risk management. The analyst will proactively collaborate with business unit leaders and stakeholders to identify and evaluate operational risks, ensuring compliance with regulatory, legal, corporate, and functional standards.

Key Responsibilities:

• Assist in the execution and refinement of second line of defense Enterprise and Operational Risk Programs, including Controls Testing and Issue Management.

• Collaborate with business units to assess existing risks and controls, facilitating controls testing to validate their effectiveness. Communicate findings from testing and work together to identify remediation strategies for improved future outcomes.

• Aid in the development of frameworks and standards for first line of defense risk management requirements, serving as a subject matter expert for first line risk representatives.

• Compile various reports by gathering, analyzing, visualizing, and summarizing source data.

Required Qualifications:

• Minimum of 3 years of experience with a Bachelor's degree, or over 6 years of relevant experience in Risk Management, Internal Audit, or Regulatory Compliance in lieu of educational qualifications.

• Prior experience in Controls Testing and/or Risk and Control Self-Assessments in areas such as information technology, general banking operations, including deposit operations, loan administration, treasury management, and other banking products and services.


• Advanced understanding of risk management principles and regulatory compliance standards.

• Strong organizational, analytical, critical thinking, and problem-solving abilities.

• Capability to navigate ambiguity and complex situations effectively.

• Relevant industry experience across one or more of the three lines of defense.

• Excellent verbal and written communication skills for diverse audiences.

Benefits:
We provide a comprehensive benefits package, including competitive salaries, ownership opportunities, medical and dental coverage, generous time off, a robust 401k matching program, tuition assistance, an employee volunteer initiative, and a wellness program. Additionally, this role offers the chance to enhance your business acumen, gaining insights into the operations and financial management of successful organizations, which will be invaluable for your career development.



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