Enterprise Risk Management Specialist

7 hours ago


Pittsburgh PA USA, United States FHLBank Pittsburgh Full time
Job Summary

The ERM Analyst III is a key member of the Enterprise Risk Management (ERM) team at FHLBank Pittsburgh. This role involves providing continuous interaction with various business units throughout the Bank, focusing on leading the Bank's operating incident review, records management, and insurance programs. The successful candidate will also conduct Bankwide risk assessments and prepare and present various risk reporting to the Bank's Operational Risk Management Committee.

Key Responsibilities
  • Lead the operating incident program for the Bank, discussing control breakdowns with business units, determining root cause and impact, and making recommendations to mitigate risk.
  • Lead the records management and insurance programs for the Bank, ensuring compliance with regulatory guidance and collaborating with third-party providers and various areas throughout the Bank.
  • Assist with the completion of the Bankwide risk and control self-assessment process, preparing and presenting reports to management, and leading discussions and reaching conclusions on complex risks.
  • Provide high-quality service to the Bank's internal customers by being proactive in assessing information and understanding the needs of the business unit, providing guidance on, and assisting in the completion of risk-related tasks.
  • Provide an independent second-line challenge to the business unit, offering critical insight to the conclusions reached by the business unit, and demonstrating the ability to reach conclusions and communicate those conclusions in a professional manner to Executives in the business area and the Bank's CRO and the Bank's Operating Risk Management Committee.
  • Effectively communicate with FHFA personnel on various regulatory requests related to operating incidents, records management, risk assessments, etc., ensuring that information is accurate and timely.
  • Effectively communicate both orally and in writing and document the facts and conclusions on the various risk processes, including risk assessments, operating incidents, etc., communicating with Executive Committee members in the Bank (e.g., CRO, COO, CFO), and including written reports in Board of Director packages, including the Operating Risk Committee and Enterprise Risk Management Committee.
  • Participate in other relevant ERM duties as assigned, including assisting the CRO in the quarterly SOX certification process.
Requirements
  • Bachelor's degree in Finance, Accounting, or Business Administration or related; MBA or related a plus.
  • Five or more years of experience, preferably in the financial services industry, with an emphasis on evaluating risks and internal controls.
  • Experience in conducting and/or preparing risk assessments.
  • Extensive experience working in a team environment.
  • Strong customer service orientation.
  • Extensive experience using various computer programs (i.e., GRC).
  • Proven analytical skills.
  • Excellent communication skills (verbal and written).
  • Attention to detail.
  • Demonstrated proficiency using Microsoft Office Suite Products, Excel, and Word.


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