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Senior Retail Bank Risk Analyst, Assistant Vice President
Union Bank
Orange, CA, United States
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Description
Discover your opportunity with Union Bank® and become a part of one of the world’s leading financial groups. Union Bank is a member of Mitsubishi UFJ Financial Group (MUFG), the world’s 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Overview:
The Senior Retail Bank Risk Analyst primarily supports the Operational Risk Process Manager with all risk control testing activities related to the business line (primarily retail banking) The incumbent is responsible for supporting the Business Unit Risk Manager’s testing team in assessing control design and monitoring of control effectiveness through the performance of quality assurance procedures. The incumbent must have the ability to thoroughly understand data in order to accurately assess and recommend key risk metrics to monitor where key risks are changing or additional controls are needed. Actively assist with facilitating resolution processes with processing support areas and provide recommendations on process gaps. In addition, participate in assessing, tracking, and reporting results of various risk management activities, and Special Project coordination as the need arises. Major responsibilities include:
Risk Assessment, Control Evaluation, and Quality Assurance
• Perform risk research and analysis, and formulate recommendations to make processes more efficient as well as identify trends and/or symptoms of process control breakdowns.
• Support the BURM testing staff with testing procedures to assess control effectiveness, and identify control gaps and communicate emerging risks.
• Perform independent quality assurance procedures to assess control design and control effectiveness.
• Support documentation of testing results in the system of record and coordinate with BURM testing staff and business units of any remediation activities, including documentation of action plans.
• Ensure success of remediation activities through effective process monitoring.
• Participate in ad hoc working groups to address and resolve new areas of risk within the business areas of responsibility as requested by BURM.
Documentation and Reporting
• Document process flows using Visio tool to ensure a clear audit / historic record.
• Support BURM Issues Management staff in documenting, monitoring, and reporting on self-identified, audit, compliance and regulatory issues.
• Design and provide input into risk reports for BURM's areas of responsibility in assigned business area.
• Assess losses for association to risks and processes, including determination of if control gaps exist Inform line of business risk and control ratings as needed Identify external and internal events that may impact the business, assess implications for the business, and recommend approaches to mitigate resulting risks.
• Support on-going assessment of risk and control effectiveness through the Risk and Control Self-Assessment (RCSA) process.
Training, Communication, Committee Meeting Participation, and Special Projects
• Identify training needs associated with changes in the organization, employee turnover and control deficiencies as identified through the quality assurance work.
• Coordinate communication within business units (i.e., process support owners, module owners, Business Compliance Officer (BCO) and management as appropriate).
• Ad hoc or special project management responsibilities.
• Respond to questions from senior management.
Qualifications
Education, Licensure, Years of Experience, and Type of Work Experience
• Typically requires a BA or BS degree
• Candidate should have at least 5 years as an analyst with related experience in risk management or internal audit functions within a financial institution
• Knowledge of operational risk management concepts and demonstrated experience in risk and control self-assessment, documenting process flows including process documentation, and data analysis skills and /or relevant experience preferred
• Experience in developing, tracking, analyzing and reporting on risk related assessments and functions
Knowledge, Skills, and Abilities
• Proficiency in Microsoft Office required and prior project management experience ideal
• Excellent organizational skills Excellent communication skills, both verbal and written
• Experience with a variety of reporting tools a plus (e.g., Business Objects)
• Must be flexible and able to balance several priorities at once
• Strong analytical skills and good judgment
• Experience in financial institutions and finance organizations is desired Experience in public accounting, audit, and/or professional services is desired
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.