Risk Analyst

North Dallas Bank and Trust (NDBT)•Dallas, TX

4d•Onsite

About The Position

The Risk Analyst plays a vital role in identifying, assessing, and mitigating financial and operational risks that could impact the bank’s reputation, stability, and profitability. This role is responsible for independently performing and analyzing risk assessments or other periodic reviews across the organization to understand and communicate potential threats, mitigating controls, and appropriately assign residual risk ratings. Areas of focus include third party and technology risk management.

Requirements

Minimum of five (5) years banking experience as a risk analyst, auditor, vendor analyst, or related field required.
Strong analytical and quantitative skills to assess risk, analyze data, and understand new concepts.
Critical thinking skills with the ability to independently solve problems with data.
Familiarity with banking regulations and compliance standards, including those set by the FDIC, FFIEC, and other regulatory bodies.
Strong verbal and written communication skills to present findings and recommendations clearly.
Ability to identify risks and develop strategies to mitigate them.
High level of accuracy and attention to detail when analyzing data and preparing reports.
Ability to work collaboratively with various departments, including compliance, audit, and operations.
Capacity to manage multiple projects and programs simultaneously
Ability to prioritize tasks and meet deadlines
Proficiency in Microsoft 365 products with intermediate to advanced proficiency in Excel for data analysis.

Nice To Haves

Bachelor's degree in finance, economics, business administration, or a related field preferred.

Responsibilities

Aggregate data from multiple sources to provide comprehensive risk assessments.
Review vendor due diligence, contracts, and SOC reports, and collaborate with internal stakeholders to verify status of complementary user entity controls.
Oversee vendor relationship monitoring, perform periodic reviews, and obtain and review ongoing due diligence.
Create reports, summaries, presentations, and process documents to display results.
Collaborate with other departments to effectively analyze and present data.
Develop or enhance and implement internal controls, in collaboration with other departments when appropriate, to manage risk and ensure the bank can respond effectively to unexpected or crisis events.
Develop systems and processes for gathering and storing data.
Ensure the bank adheres to all relevant regulations and compliance standards. This includes staying updated on changes in laws that affect banking operations and implementing necessary adjustments.
Regularly review and enhance risk management processes and tools, ensuring they remain effective and relevant in a changing financial landscape.
Monitor internal and external data points, including key risk indicators and key performance indicators that may affect the risk levels.
Keep management apprised of the status of risk assessments and changes in risk exposure.
Assist with other tasks as assigned.