Risk Assurance Analyst

About the job Risk Assurance Analyst

This position is responsible for assessing internal controls to protect the credit union against loss or regulatory violations through self-assessment reviews, analyzing processes, maintaining access control for application systems, regulatory compliance of the vendor management program, insurance for the credit union, monitoring emergency preparedness, and ensuring strong security practices.

DIMENSIONS:

Administrative Support: 26 Branches, 26 departments and Spectrum headquarters

Center Staff Support: 500+ staff

SUPERVISORY RESPONSIBILITIES:

The incumbent reports directly to the Risk Assurance Manager. There are no direct reports to this position.

NATURE & SCOPE:

1. ) Performs risk reviews and research projects in all credit union areas.

2. ) Assists in audit requests and analyzes audit results and risk reviews to identify trends and patterns, risks and liabilities, and makes recommendations for improvements to mitigate risks and liabilities.

3. ) Completes thorough and accurate work and performs follow-up work on the outstanding internal control issues.

4. ) Monitors credit union general liability, bond, property and related insurance coverage and overall claims activity associated with these policies. Initiates and maintains insurance-related correspondence with the General Liability and Bond carrier. Participates in annual insurance reviews.

5. ) Maintains accurate files for over 300 vendors to ensure compliance with NCUA guidelines.

6. ) Serves as subject matter expert on policies, procedures and forms utilized in the credit union business

processes. Makes recommendations for enhancements to comply with Risk Management findings.

7. ) Collaborates with management to define and establish key risk indicators to effectively monitor and predict increasing risk conditions.

8. ) Participates in project teams, committees and focus groups related to operational process improvement initiatives.

9. ) Assists with development and update of written procedures and forms for which Risk Management serves as the subject matter expert, as necessary.

10. ) Assists in the evaluation of risks and controls.

11. ) With general supervision, designs and performs in-depth analysis of process controls; identifies measures, and details effectiveness of controls.

12. ) Supports the credit union initiatives through risk analysis of new products, recommends risk mitigation solutions, and monitors control implementation progress and results.

13. ) Creates and maintains accurate and timely consolidated reporting of significant and emerging risks, recommendations or matters requiring attention, and other risk issues to be determined.

14. ) Provides operational support in the Risk Management department as needed.

15. ) Performs other duties as required.

EDUCATION, SKILLS, & ABILITIES:

Core Competencies: The Eight Superpowers

1. Provides leadership through modeling of behaviors and bringing forward new ideas and new ways of doing things.

2. Demonstrates empathy, self-reflection, and adjustment of own behaviors, showing effective emotional intelligence.

3. Practices active listening in communications with others, giving someone full attention and listening to understand, not just respond.

4. Demonstrates grit, persisting in application of knowledge, skills, and behaviors to achieve goals and address obstacles.

5. Models intrinsic motivation; is self-driven to meet or exceed objectives, timelines, and quality measures while building and sustaining effective relationships.

6. Applies creative problem-solving to provide clarity, handle resources under ones control, and address stressful situations; finds ways to meet individual, team, and member goals, by navigating through barriers.

7. Shares a diverse set of perspectives, work and life experiences, as well as religious and cultural differences. Actively seeks out differences in values, ideas, and priorities. Respects and value the differences of others, including but not limited to: national origin, language, race, color, disability, ethnicity, gender, age, religion, sexual orientation, gender identity, socioeconomic status, veteran status, and family structures. Believes a diverse workplace is essential to the companys success.

8. Values and shows appreciating for the unique qualities and experiences of each person-inclusion; appreciates and effectively utilizes the talents and skills of others to achieve objectives; is open to the perspective of others; and encourages collaboration, flexibility and fairness. Makes each employee feel valued and supported for their unique qualities.

Other Education, Skills, and Abilities

1. ) Requires an undergraduate degree in a related field plus a minimum of five years of progressively responsible credit union or financial industry experience; or an equivalent combination of education and relevant experience.

2. ) Strong computer skills. Advanced Microsoft Office software skills.

3. ) Ability to recommend changes and revisions in a positive and constructive manner to employees at all levels of the credit union.

4. ) Strong written, verbal communication and presentation skills are required, along with the ability to communicate with all levels of management, employees, external members, and organizations.

5. ) Ability to perform comprehensive and objective analysis.

6. ) Demonstrated problem solving ability and strong analytical skills.

7. ) Ability to work independently.

8. ) Strong organizational skills, attention to detail, and the ability to handle multiple projects simultaneously to meet work deadlines.

9. ) Ability to interact effectively with coworkers, understand and follow policies and procedures, and accept constructive criticism.

10. ) Ability to operate standard business machines such as computer, printer, 10-key, copier and telephonic devices.

MAJOR ACCOUNTABILITIES:

1. ) Performs risk assessments in all credit union areas.

2. ) Supports the Risk Management department and the Enterprise Risk Management function in the identification, assessment and monitoring of key business risks.

3. ) Monitors insurance coverage changes, billings and oversees claims processing.

4. ) Maintains accurate records of vendor management supporting documentation.

5. ) Interfaces with business owners to ensure compliance with credit union vendor management policies and procedures.

PHYSICAL REQUIREMENTS

1. ) Excellent ability to communicate, both verbally and in writing; ability to tolerate periods of continuous sitting.

ENVIRONMENTAL CONDITIONS

1. ) Work is primarily performed within a cubicle office setting. Subject to standard background noise found in an office environment.

Part-time of Full-Time position available.

Position requires onsite presence with occasional branch visits, as needed.

Note:

Staff is expected to perform various tasks, projects and administrative duties as assigned.

Management reserves the right to assign or change duties and tasks to this position at their discre.