REL Operational Risk Analyst

BRMi • Vienna, VA

17h • $80 - $100 • Hybrid

About The Position

BRMi is seeking a REL Operational Risk Analyst Benefits: Comprehensive Medical, Dental, and Vision Insurance Employer-Paid Life Insurance Employer-Paid Short-Term and Long-Term Disability Insurance 401(k) Paid Time Off (PTO) that includes Vacation Leave, Sick Leave, and 11 Paid Holidays Educational Assistance Shift (Time): 8:00am – 5:00pm EST Hybrid in either Vienna, VA, Pensacola, FL, or Winchester, VA Salary: 80-100k 6 Month Contract Click here to learn about BRMi's culture. Click here to see BRMi’s Glassdoor reviews Responsibilities 1st LOD role executing Control testing for SOX/Internal Control over Financial Reporting (ICFR) for NFCU’s largest product portfolio – Real Estate Lending Support and regularly interact with Senior Management Help develop and implement operational risk management frameworks, methodologies, reporting, quantification/testing, policies, standards, and procedures as appropriate Responsible for implementing effective programs and measures designed to identify and mitigate risks associated with Real Estate Lending (REL). Promote operational efficiency and service excellence through appropriate risk management strategies, process improvements and training while reducing and mitigating operational, reputation, legal and financial losses. Collaborate with Real Estate Lending and other operational risk teams across the company Routinely liaise with internal and external audit/exam functions and entities Manage timely resolution, remediation status and general reporting of Operational risk issues/findings and Events Review and edit Policies and Procedures supporting the business Perform root cause analysis on issues and findings as appropriate Evaluate the adequacy of corrective action and report on the status of approved recommendations Ensure the business units’ adherence to remediation actions Recommend and implement solutions to enhance/upgrade processes and supporting systems Experience balancing stakeholders Strong problem solving and decision-making skills and the ability to work independently, exercise sound judgment and initiative, display a high degree of initiative and integrity Highly effective interpersonal, communication and presentation skills, including the ability to persuade and influence management decisions, to interact effectively with Sr. levels of staff, and to communicate complex information in an easily understandable manner Significant knowledge of, and proficiency in, data analysis, reporting, and external research, including the ability to develop conclusions and feasible alternatives to formulate courses of action, including forecasting and cost- benefit analysis Demonstrated leadership skills and the ability to guide others and prioritize multiple duties to achieve results in a multi-tasked, time sensitive office environment Ability to manage multiple priorities effectively Excellent organizational, planning, and time management skills Perform other duties as assigned Qualifications Bachelor’s Degree in Economics, Business, Engineering, Technology, Statistics, Math , or other analytical field Controls Testing (SOX, Compliance and other Operational) Experience - Required Prior Risk Management, Data Analytics or Internal Audit experience at a Financial Institution Hands-on experience with GRC Systems Performed and facilitated Risk Control Self Assessments (RCSAs) - Required Experience in identification, tracking, management and reporting of Issues & Findings Understanding of inherent and residual risks; experience with key versus non-key control identification Working knowledge of industry best practices Plus: Big 4 or other consulting experience Experience working with Banking or Credit Union Regulators Knowledge of Real Estate Lending Experience with Federal Bank regulators or NCUA, CFPB, Freddie Mac, Fannie Mae, FHA and VA requirements Risk Management or Regulatory Compliance Certification such as PRM or FRM a plus BRMi will not sponsor applicants for work visas for this position. This is a W2 opportunity only EOE/Minorities/Females/Vet/Disabled We are an equal opportunity employer that values diversity and commitment at all levels. All individuals, regardless of personal characteristics, are encouraged to apply. Employment policies and decisions on employment and promotion are based on merit, qualifications, performance, and business needs. The decisions and criteria governing the employment relationship with all employees are made in a nondiscriminatory manner, without regard to race, religion, color, national origin, sex, age, marital status, physical or mental disability, medical condition, veteran status, or any other factor determined to be unlawful by federal, state, or local statutes.

Requirements

• Bachelor’s Degree in Economics, Business, Engineering, Technology, Statistics, Math , or other analytical field
• Controls Testing (SOX, Compliance and other Operational) Experience - Required
• Prior Risk Management, Data Analytics or Internal Audit experience at a Financial Institution
• Hands-on experience with GRC Systems
• Performed and facilitated Risk Control Self Assessments (RCSAs) - Required
• Experience in identification, tracking, management and reporting of Issues & Findings
• Understanding of inherent and residual risks; experience with key versus non-key control identification
• Working knowledge of industry best practices

Nice To Haves

• Big 4 or other consulting experience
• Experience working with Banking or Credit Union Regulators
• Knowledge of Real Estate Lending
• Experience with Federal Bank regulators or NCUA, CFPB, Freddie Mac, Fannie Mae, FHA and VA requirements
• Risk Management or Regulatory Compliance Certification such as PRM or FRM a plus

Responsibilities

• 1st LOD role executing Control testing for SOX/Internal Control over Financial Reporting (ICFR) for NFCU’s largest product portfolio – Real Estate Lending
• Support and regularly interact with Senior Management
• Help develop and implement operational risk management frameworks, methodologies, reporting, quantification/testing, policies, standards, and procedures as appropriate
• Responsible for implementing effective programs and measures designed to identify and mitigate risks associated with Real Estate Lending (REL).
• Promote operational efficiency and service excellence through appropriate risk management strategies, process improvements and training while reducing and mitigating operational, reputation, legal and financial losses.
• Collaborate with Real Estate Lending and other operational risk teams across the company
• Routinely liaise with internal and external audit/exam functions and entities
• Manage timely resolution, remediation status and general reporting of Operational risk issues/findings and Events
• Review and edit Policies and Procedures supporting the business
• Perform root cause analysis on issues and findings as appropriate
• Evaluate the adequacy of corrective action and report on the status of approved recommendations
• Ensure the business units’ adherence to remediation actions
• Recommend and implement solutions to enhance/upgrade processes and supporting systems
• Experience balancing stakeholders
• Strong problem solving and decision-making skills and the ability to work independently, exercise sound judgment and initiative, display a high degree of initiative and integrity
• Highly effective interpersonal, communication and presentation skills, including the ability to persuade and influence management decisions, to interact effectively with Sr. levels of staff, and to communicate complex information in an easily understandable manner
• Significant knowledge of, and proficiency in, data analysis, reporting, and external research, including the ability to develop conclusions and feasible alternatives to formulate courses of action, including forecasting and cost- benefit analysis
• Demonstrated leadership skills and the ability to guide others and prioritize multiple duties to achieve results in a multi-tasked, time sensitive office environment
• Ability to manage multiple priorities effectively
• Excellent organizational, planning, and time management skills
• Perform other duties as assigned

Benefits

• Comprehensive Medical, Dental, and Vision Insurance
• Employer-Paid Life Insurance
• Employer-Paid Short-Term and Long-Term Disability Insurance
• 401(k)
• Paid Time Off (PTO) that includes Vacation Leave, Sick Leave, and 11 Paid Holidays
• Educational Assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees