Risk & Controls Analyst (Credit Department)
We are currently seeking a Risk & Controls Analyst to join our team within our Credit Department.
The Risk & Controls Analyst protects their appointed business area from significant operational and regulatory risks. This role monitors, reports on and ensures compliance with the operational risk management (ORM) and regulatory compliance programs within their respective business area, utilizing FW risk management frameworks, tools and templates. The Analyst will work closely with Risk.
Here’s what would be included as a part of your typical day
Process Control Development: Identifies, builds and documents processes within respective business unit, develops action plans if needed and ensures they are managed in accordance with risk management policies. Builds internal control framework. Ensures processes are appropriately mapped and documented for key activities. Ensures required controls for all dependent processes in their respective business unit are functioning and monitored effectively, and escalates, and redresses performance outside established risk tolerances in a timely manner. Establishes RACI tables for department.
Risk Assessments and Mitigation: Works closely with respective business leaders to facilitate risk and control self-assessments (RCSA), periodically, develops key risk assessment reports, and presents findings and recommendations. RCSA’s may include new or revised PGPPs, key activities and processes, projects or initiatives, third parties, fraud and/or product and services. Ensures all teams refresh and test business impact analysis and business continuity planning at least annually, and team mandates are up to date.
Risk Mitigation: Ensures findings and observations from internal and external audits, RCSAs and control validation reviews are addressed in a timely manner. Develops or updates controls to address risks that are not adequately mitigated. Establishes monitoring program for key controls. Establishes reporting on operational risk assessments to FWLT leader of the department.
Risk Training: Provides risk management training to all teams within the department. Acts as the primary contact for operational risk within their respective business unit.
Required Skills, Experience & Qualifications
Bachelor’s degree in business administration required; working towards a financial, accounting or risk management designation preferred
3 years’ experience within in a finance, process improvement, internal audit or risk focused role or equivalent designation and experience combination required
Ability to think critically
Strong verbal and written communication skills
Strong interpersonal skills and ability to work well in a team environment and influence risk culture
Strong analytical and problem-solving skills, with the ability to develop options and recommendations on assigned projects
Demonstrated understanding of Workflow design, and risk management frameworks preferred
Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.
Pay Transparency
Salary Range: $62,640 - $80,300
Please note, the salary range mentioned in this job posting should serve as a guide. The final compensation offered may vary based on a variety of factors including bonuses and/or incentives, or a candidate’s skills and experience. First West is committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization.