Principal Risk Analyst
About The Position
Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial, or operational, risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Work independently to interpret and develop solutions to complex business challenges that have a significant impact on the function or branch. Specialized skill set and proficiency with procedures and techniques. Recognized as an expert in own area within the company. This position is eligible for the TalentQuest employee referral program. If an employee referred you for this job, please apply using the system-generated link that was sent to you. Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.
Requirements
- Subject matter expert within business area/specialization with understanding of interrelationships of different disciplines
- Significant knowledge and understanding of risk-based auditing techniques and methodologies
- Significant knowledge of applicable federal and state regulations, company policies, and industry best practices
- Significant experience managing multi-faceted projects simultaneously that have cross-departmental impact
- Significant knowledge of operational and regulatory risk control concepts and practices
- Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
- Advanced organizational, planning and time management skills
- Advanced research and analytical skills
- Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Nice To Haves
- Master’s Degree in related field or equivalent combination of training, education and experience
Responsibilities
- Plan the research for and development of specialized risk assessment scopes
- Collaborate with management and personnel to optimize risk assessment scope development
- Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities
- Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
- Lead/conduct and assists provide expertise in with the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal‘s quality control standards, policies and procedures
- Develop, lead and oversee efforts to improve the efficiency and effectiveness of operations and risk mitigation processes – Considerable impact
- Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions
- Assist with the development and enhancement of practices, procedures, and instructions
- Develop and maintain strong working relationships with team members, subject matter experts, and leaders; work with senior management on complex issues
- Lead moderate to large projects and initiatives
- Mentor lower level staff
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What This Job Offers
Job Type
Full-time
Career Level
Principal
Number of Employees
5,001-10,000 employees
