Business Control Analyst

Golden 1 Talent Acquisition Team•Sacramento, CA

1d•$77,500 - $85,000•Hybrid

About The Position

Under the supervision of the Supervisor - Risk and Control Monitoring, assist in designing and developing the Business Unit’s First Line Control Monitoring Program. Identify and document controls across Service Operations, while also identifying related regulations/laws that impact the organization, identify control gaps and recommend options to mitigate risk exposure. Maintain continuous Control Monitoring Program by creating monitoring frequency using a risk-based approach and review for control effectiveness, focusing on how inherent risks can be minimized by the right level of controls to obtain acceptable residual risk levels. Review business process, program, procedural documentation to ensure controls are documented with the ability to assign risk ratings to key documentations. Manage reporting of control measurements, identify and track Key Risk Indicators (KPI) and Key Surveillance Points (KSP) for risk analysis, decision-making, and prioritization. Work closely with Service Operations Quality Assurance Program to improve effectiveness of its program. Assist in various risk assessments, reviews and audit conducted by Compliance, Enterprise Risk Management, and Internal Audit. Contribute to a culture of continuous process improvement by utilizing subject matter expertise to strengthen controls, collaborating with business leaders and communicating business impact to leverage synergy and mitigate risk. Promote risk and control awareness across the organization, by establishing and maintaining relationships with key business line analysts and functional stakeholders. Identify opportunities for continuous improvement and innovation.

Requirements

5+ years of related experience with emphasis on risk and control, regulatory compliance and governance required
Bachelor’s Degree in Business, Finance, or related field preferred
Additional work experience may be considered if individual demonstrates skill level appropriate to the position

Nice To Haves

3+ years of prior quality assurance/control/review experience, preferably in financial institutions preferred
Experience in related financial institution experience strongly encouraged.

Responsibilities

Assist in designing and developing the Business Unit’s First Line Control Monitoring Program.
Identify and document controls across Service Operations, identify related regulations/laws, control gaps, and recommend mitigation options.
Maintain the Control Monitoring Program by creating monitoring frequency using a risk-based approach and reviewing control effectiveness.
Review business process, program, and procedural documentation to ensure controls are documented and assign risk ratings.
Manage reporting of control measurements, identify and track Key Risk Indicators (KPI) and Key Surveillance Points (KSP).
Work closely with the Service Operations Quality Assurance Program to improve its effectiveness.
Assist in risk assessments, reviews, and audits conducted by Compliance, Enterprise Risk Management, and Internal Audit.
Contribute to a culture of continuous process improvement by strengthening controls and collaborating with business leaders.
Promote risk and control awareness across the organization by establishing and maintaining relationships with key stakeholders.
Identify opportunities for continuous improvement and innovation.