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Senior Risk Analyst
Union Bank
Glendale, CA, United States
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The Sr. Retail Bank Risk Analyst primarily supports the Business Unit Risk Manager (BURM) and Division Risk Manager (DRM) with all risk control testing and assessment and metrics identification and reporting activities related to the assigned business unit(s). The incumbent is responsible for supporting the BURM’s assessment of business unit control design and monitoring of control effectiveness through the performance of control testing procedures. The incumbent must have the ability to thoroughly understand business process data in order to accurately assess and recommend key risk metrics to monitor where key risks are changing or additional controls are needed. The incumbent shall actively assist BURM and DRM with facilitating resolution of identified issues, provide recommendations on process gaps, and participate in assessing, tracking and reporting results of various risk management activities, and coordinating assigned aspects of special projects, as the need arises.
Management or Supervision: No
Major Responsibilities:
Control Testing Evaluation, Quality Assurance, Communication and Documentation:
• Develop and conduct control tests, in accordance with established procedures, to validate key controls identified by management are in place and functioning as intended. Identify inefficient or ineffective policies, procedures, and/or process.
• Determine root cause of control weaknesses or breakdowns identified through controls testing and formulate recommendations to enhance existing processes and controls.
• Assess control test results and determine impact on control effectiveness and design.
• Provide ongoing communication with internal clients throughout the testing process to keep them apprised of progress, findings and recommendations.
• Document test results in the system of record in accordance with established procedures and assist DRM and business units with any remediation activities, including documentation of action plans
• Ensure success of remediation activities through follow up and testing
• Risk Assessment, Documentation and Reporting:
• Document business unit process workflows using Visio tool to ensure a clear audit / historic record
• Support DRM 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 in the system of record, including determining if a new risk record needs to be added and assessed and/or if control design or effectiveness issues exist. Adjust risk and control ratings, as needed, and inform business unit.
• 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) documentation and monitoring process
• Participate in ad-hoc working groups to address and resolve new areas of risk within business areas of responsibility as requested by BURM
Other:
• Ad hoc or special project management responsibilities
• Respond to questions from senior management
Qualifications
• Typically requires a BA or BS degree
• Candidate should have at least 5-7 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
• Knowledge of broker-dealer/investment advisory business and/or relevant experience preferred
• Experience in developing, tracking, analyzing and reporting on risk related assessments and functions
• Knowledge, Skills, 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 the 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.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.