Job details

Senior Risk Analyst

OverviewResponsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial, or operational, risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Work under minimal supervision and use complete understanding of business needs and objectives to support projects that have impact on the achievement of operational goals. Advanced skill set and proficiency with procedures and techniques.Responsibilities- Plan the research for and development of specialized risk assessment scopes- Collaborate with management and personnel to optimize risk assessment scope development- Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities- Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management- Lead/conduct and assists provide expertise in with the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal's quality control standards, policies and procedures- Develop, lead and oversee efforts to improve the efficiency and effectiveness of operations and risk mitigation processes- Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions- Assist with the development and enhancement of the TPRM program methodology, framework, metrics and reporting and other risk-taking activities.- Promote TPRM framework adherence in the first line through collaboration with vendor relationship owners in their vendor oversight plan development and management, third party issue management and vendor risk assessment activities.- Ensure accurate and timely delivery of TPRM support tasks.Qualifications- 5-7 years of experience in risk management or related methodologies- Complete knowledge and understanding of business area/specialization- Advanced knowledge and understanding of risk-based auditing techniques and methodologies- Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices- Experience with managing multi-faceted projects simultaneously that have cross-departmental impact- Advanced knowledge of operational and regulatory risk control concepts and practices- Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives- Advanced organizational, planning and time management skills- Advanced research and analytical skills- Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experienceDesired Qualifications- Master's Degree in related field or equivalent combination of training, education and experienceHours: Monday - Friday, 8:00AM - 4:30PMLocations: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602About UsNavy 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 ProgramsFrom 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/DisabilityHybrid 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.REQNUMBER: 22536

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What You Should Know About Senior Risk Analyst, Navy Federal Credit Union

If you're looking to make a significant impact in the financial sector, the role of a Senior Risk Analyst at Navy Federal Credit Union in Stephenson, VA might just be the perfect fit for you! In this engaging position, you'll be diving deep into the world of risk evaluation and analysis, enabling you to tackle various complexities head-on. Your primary mission will be to identify and implement strategies that not only mitigate risks but also help steer the organization toward its operational goals. You'll collaborate closely with management and team members to optimize risk assessments while troubleshooting any potential business and operational deficiencies. Do you love to synthesize data and turn it into actionable insights? Perfect! You’ll have the opportunity to present your findings to management, which could involve anything from generating operational risk assessment reports to suggesting innovative improvement solutions. With your extensive knowledge in areas like federal regulations and risk-based auditing techniques, you’ll have a major role in fostering a robust risk management culture within Navy Federal. A Bachelor's degree in Business Administration or related experience is a must, while a Master's could set you apart from the crowd. So, if you have 5-7 years of relevant experience and the skills to manage multifaceted projects, come join us in this pivotal role where your expertise will truly shine!

Frequently Asked Questions (FAQs) for Senior Risk Analyst Role at Navy Federal Credit Union

What are the responsibilities of a Senior Risk Analyst at Navy Federal Credit Union?

As a Senior Risk Analyst at Navy Federal Credit Union, you'll be responsible for evaluating various risks and implementing solutions to mitigate them. Your duties include developing specialized risk assessments, collaborating with management, synthesizing data for insightful reports, and ensuring that regulatory compliance is met across all operations. This role also allows you to shape and improve the processes tied to risk mitigation and operational effectiveness.