Enterprise Risk Management Analyst

THREAD BANK•Nashville, TN

2d•Onsite

About The Position

The Enterprise Risk Management (ERM) Analyst supports Thread Bank’s ERM function across three core areas: issues management, partnership and new-initiative risk assessments, and the broader quantitative risk infrastructure that underpins the Bank’s sponsor and embedded banking model. This role ensures identified risks are tracked, managed, and resolved in a timely manner, adhering to regulatory requirements and internal policy, while also contributing directly to the quantitative assessment of fintech partners and new business initiatives. The Analyst works closely with ERM leadership and partners across the Bank on general governance support and other ERM priorities as they arise.

Requirements

Minimum of three years of financial services experience supporting enterprise risk management functions
Strong knowledge of nontraditional banking activities, including fintech and embedded banking
Demonstrated quantitative or analytical experience such as risk modeling, statistical analysis, actuarial work, or credit and market risk analytics, with working knowledge of control scoring, loss quantification, exposure, and value-at-risk analysis
Familiarity with the Factor Analysis of Information Risk (FAIR) model or comparable quantitative risk methodologies, and the ability to apply that thinking to loss exposure and control-adjusted risk quantification
Proficiency with Excel or similar tools for data analysis and modeling, and ability to work directly with datasets to support quantitative assessments
Ability to manage multiple tasks, prioritize effectively, and meet deadlines
Strong written communication skills, with the ability to translate technical or quantitative findings into clear, decision-ready language for varied audiences
Bachelor’s degree from an accredited university in Finance, Economics, Statistics, Data Analytics, or a related quantitative or business management field

Responsibilities

Facilitate and support the issues management tracking process, and help develop and mature the Bank’s issues management program
Ensure identified issues are properly documented, categorized, and tracked through their full lifecycle, from initial identification to resolution, including examinations, internal and external audits, and self-identified items
Work with business units to develop and implement action plans that address identified risks and control gaps
Maintain and update policies, procedures, and documentation related to the issue management framework
Contribute to the ongoing improvement of the issue management framework by identifying enhancement opportunities and implementing best practices
Educate and train staff on the issue management process and their roles and responsibilities within it
Support quantitative risk assessments of fintech and other third-party partners, including control scoring, hard floor evaluation, and exposure analysis
Assist with new initiative risk assessments for new products, partners, and program changes, applying the Bank’s control evidence guides and attestation frameworks
Help translate assessment results, including loss exposure, value-at-risk, and control-adjusted outcomes, into clear, decision-ready summaries for risk leadership
Support remediation tracking and re-assessment when partnership risk profiles or program scope change materially
Build working familiarity with the Bank’s quantitative risk frameworks and apply their scoring, calibration, and loss quantification methodologies consistently across assessments
Apply Factor Analysis of Information Risk (FAIR) concepts, such as loss event frequency and loss magnitude estimation, to support consistent, defensible quantification of risk exposure
Support the ongoing calibration and maintenance of quantitative models and tools used to estimate exposure, loss, and risk-adjusted outcomes
Help prepare plain-English summaries of quantitative outputs suited for both technical and executive audiences
Maintain data integrity and documentation supporting quantitative frameworks so that results are auditable and examiner-ready
Assist with maintenance of the ERM policy, playbook, and Risk Appetite Statement suite
Support ad hoc risk analysis, board and committee materials, and other ERM initiatives as assigned