Risk Analyst

Live Oak Banking•Wilmington, NC

12d•$113,080 - $154,200

About The Position

About Us Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream. How This Role Impacts Live Oak and its People The role of risk management is critical to the continued success of Live Oak in helping design new products effectively, ensuring regulatory expectations are met, and being a partner/challenger as the need arises. The key skill is being proactive in these areas and helping the organization stay ahead of potential issues. What You’ll Do at Live Oak Work closely with the Head of ERM to identify the key risks to the Bank, using its Risk Taxonomy to ensure adequate coverage and quality of risk measures Produce recurring and ad hoc risk reporting to key stakeholders including CRO, Senior Management, Board of Directors, and Regulators Primary Owner for Regulatory Relations program between Live Oak and its primary Regulators the FDIC, NC State, and Federal Reserve Primary owner for running the Risk Governance activities for the ERM team including its committees and policy structure Primary owner of the Business Continuity program Work closely with the Head of ERM and CRO to ensure that the CRC/MRMC agenda, meeting, and follow-up actions are conducted in a manner that provides optimal risk governance Work closely with Business Owners to ensure that key controls relating to the BCDR program are operating effectively in the course of periodic reviews Serves as the primary contact for Regulators and coordinates exams, ongoing monitoring, and finding activity with business units Provides leadership in the Business Continuity program, ensuring Business Impact Analysis is carried out effectively, RTO/RPO analysis is performed and communicated to the Technology team; relevant governance documents are updated gaps are identified, addressed, or escalated as appropriate Provides proactive partnership and effective challenge with all members of the LOB team as appropriate Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC

Requirements

Bachelor’s degree
5-10 years of risk management or similar experience
Ability to design and operate risk functionality
Demonstrated ability to work with business units to increase the level of risk maturity
Work comfortably as a team member, leader, or SME depending on the situation
Strong technical and human interaction skills
Proactive mindset
Superior organizational skills
Unafraid to raise effective challenges
Intellectual curiosity
Problem solver
Able to express ideas in any medium to a variety of audiences

Nice To Haves

ABA Certified Enterprise Risk professional (CERP) certification

Responsibilities

Work closely with the Head of ERM to identify the key risks to the Bank, using its Risk Taxonomy to ensure adequate coverage and quality of risk measures
Produce recurring and ad hoc risk reporting to key stakeholders including CRO, Senior Management, Board of Directors, and Regulators
Primary Owner for Regulatory Relations program between Live Oak and its primary Regulators the FDIC, NC State, and Federal Reserve
Primary owner for running the Risk Governance activities for the ERM team including its committees and policy structure
Primary owner of the Business Continuity program
Work closely with the Head of ERM and CRO to ensure that the CRC/MRMC agenda, meeting, and follow-up actions are conducted in a manner that provides optimal risk governance
Work closely with Business Owners to ensure that key controls relating to the BCDR program are operating effectively in the course of periodic reviews
Serves as the primary contact for Regulators and coordinates exams, ongoing monitoring, and finding activity with business units
Provides leadership in the Business Continuity program, ensuring Business Impact Analysis is carried out effectively, RTO/RPO analysis is performed and communicated to the Technology team; relevant governance documents are updated gaps are identified, addressed, or escalated as appropriate
Provides proactive partnership and effective challenge with all members of the LOB team as appropriate
Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC