Risk Analyst I

Advisor Group•Scottsdale, AZ

1d•$50,000 - $59,000•Hybrid

About The Position

The Risk Analyst I (“Analyst”) will be assisting in the build out of Osaic's risk management program. The Analyst will complete assigned projects, with direction and guidance from the direct supervisor, that enhance documentation of key risks and accompanying controls. Analyst will engage with subject matter experts to create workflow mapping and understand key business processes in developing risk metrics and reporting to senior leadership. The ability to meet with business leaders, learn new processes, document those processes, and identify key risks and gaps in controls is critical to the role. The Analyst will report directly to the VP or Manager within the Enterprise Risk Management Department.

Requirements

At least 1 year of previous work experience
Industry Knowledge : Basic knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters; ability to provide specific financial knowledge and experience to help organizational development.
Active Listening: Demonstrates the ability to listen attentively, understand others’ perspectives, ask clarifying questions when appropriate, and avoid interrupting during discussions.
Adaptability: Maintains openness to change, whether positive or negative, and adjusts effectively to a diverse and evolving work environment.
Analytical Reasoning: Applies logical thinking to evaluate the strengths and weaknesses of various solutions, conclusions, or approaches to complex problems.
Communication Skills: Communicates information clearly and effectively, both verbally and in writing, tailoring messages to meet the needs of different audiences.
Decision-Making: Assesses potential risks and benefits of actions and selects the most appropriate course based on sound judgment.
Creativity: Generates innovative ideas and develops creative solutions to challenges or opportunities within the organization.
Relationship Building: Builds and maintains constructive, cooperative working relationships over time; demonstrates a pleasant, professional, and collaborative attitude.
Time Management & Multitasking: Effectively manages personal and team schedules, prioritizes tasks, and transitions smoothly between multiple activities or sources of information.
Technical Proficiency: Possesses solid knowledge of Microsoft Office applications and leverages cross-functional features to improve organizational efficiency.

Nice To Haves

SQL, Power BI, or other similar certifications in the area of data analytics preferred.

Responsibilities

Responsible to learn business processes of business units under review and be able to provide guidance on risk controls design.
Provide guidance regarding "Three Lines of Defense" risk control framework.
Ability to produce process flow maps (in Vizio) showing key decision points and ownership of specific steps within the process.
Ability to meet the business managers, ask questions, listen, and record high risks of the business unit.
Consult on building out of risk management framework to map key business risks to accompanying controls and method of assessment of control effectiveness.
Assessment of data to determine control effectiveness, trends, and "red flag" events. The assessment may include testing controls to determine if risks are appropriately managed. Documentation of these assessments will be required.
Ability to create monthly metric reporting for specific risk programs and be able to "tell the story" to managers and senior leaders.
Review of applicable regulations and written regulatory guidance applicable to business unit (or risk program). Ability to assess if written supervisory procedures and firm policies adequately address regulatory requirements and key business risks.