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An ERM Risk and Control Analyst, is responsible for executing ERM's Internal Controls Testing Program. Assess whether the BPOs' controls are operating effectively and recommend enhancements to management's documentation related to process flows, risk/controls, and policies/procedures. The Analyst must be able to develop a strong understanding of the BPO area, their respective policies, procedures, and workflows. The Analyst must also understand the regulatory guidance and exam comments applicable to the area. This oversight includes testing and challenge of the identified controls relative to each corresponding risk event or regulatory finding. Report on risk and control issues, recommend action plans, and conclusions. Validate whether the BPO satisfactorily remediated issues. Participate in enterprise-wide projects to ensure new and emerging risks are appropriately identified and addressed in the quality, timeliness and successful implementation of risk assessment.
In accordance with the documented testing program, design test scripts to test the effectiveness of the BPOs' controls for risk mitigation. Execute and document internal controls testing procedures in accordance with the established work paper and documentation testing standards. Identify risk issues and control gaps and recommend proposed actions to address issue/gaps. Review Internal Audit and Regulatory Exam findings and consider these findings when designing the test scripts for the BPOs' areas. Prepare Testing Reports to the BPOs that summarize the objectives, scope, issues, and conclusion. Monitor the BPOs' remediation status and validate whether the BPO satisfactorily remediated issues previously identified by ERM. Perform process walkthroughs as necessary. Participates in BPO meetings including, but not limited to, kickoff meetings and meetings to communicate issues. Analyze and make recommendations on adequacy/relevance/accuracy of department policies, processes and procedures. Maintain an awareness of trending issues existing at other financial institutions and recommend for testing in order to be proactive. Management of and/or participation in medium to large sized projects related to risk and compliance. Maintain strong and effective working relationships with all areas of Risk Management. Attends banking and risk management training. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
EDUCATION AND EXPERIENCE
Bachelor's degree in business. Minimum seven years' banking or financial services, or equivalent professional experience. Minimum five years' experience as a Risk and/or Business Analyst relative to the banking or financial services industry within Enterprise Risk Management, Internal Audit, Compliance, or business line.
KNOWLEDGE, SKILLS AND ABILITIES
Knowledgeable and articulate in internal controls and related frameworks, such as COSO. Knowledgeable in large bank regulatory requirements and compliance. Excellent verbal and written communication skills; good negotiation skills. Strong problem-solving and analytical skills; comfortable tackling complex problems and breaking these down into manageable pieces. Superior multi-tasking skills and the ability to prioritize and work in a fast-paced, often deadline-oriented and dynamic environment. Conceptual and practical thinking and implementation skills. Broad knowledge of, and the ability to write and apply advanced business analysis concepts, practices and procedures related to assigned area. Detail oriented. Exercises sound judgment. Ability to grasp new concepts and ideas quickly. Ability to apply advanced concepts, practices and procedures used in the assigned line of business. Extensive knowledge of technology and dependencies / inter-dependencies between systems. Computer literate with advanced proficiency in Microsoft Office applications including; word processing, spreadsheet, and e-mail applications, Excellent project coordination and organizational skills. Strong presentation skills. Strong facilitation, conflict resolution skills. Effective research and analysis skills. Ability to plan, organize and coordinate multiple, large-size projects simultaneously. Ability to work independently and follow through assignments to completion. Ability to meet established deadlines. Ability to maintain confidentiality.
Based in Westbury, NY, Company, Inc. is the parent of a New York State-chartered bank - Company. At September 30, 2019, the Company had assets of $52.5 billion, deposits of $31.6 billion, and stockholders' equity of $6.7 billion.
Our bank subsidiary features a divisional structure. Company serves customers through 239 branches encompassing eight divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, Company is proud to be committed to the communities it serves.
Branch Out and help recruit top talent for Company through the employee referral program. All Company employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the Company family.
Company is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.
This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, Company will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.
In addition, Company complies with all applicable laws which govern nondiscrimination in employment in every location in which Company does business.
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