Risk Analyst

Western AgCredit • South Jordan, UT

5d • Hybrid

About The Position

The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk-related functions within the Association. This role involves assisting with the development of risk management policies, conducting risk analysis and modeling, contributing to reporting, and maintaining a strong internal control environment. The position also supports insurance, purchasing, and investment activities, formulates risk appetite statements, and assists with policies related to loan portfolio limits, capital markets, and lending programs. Additionally, the role administers Enterprise Risk Management (ERM) and stress testing programs, reviews compliance with policies and regulations, and assists with incident response and vendor risk management. Responsibilities also extend to the Model Risk Management program, including model inventory, risk assessments, validation coordination, and monitoring.

Requirements

• Bachelor's degree in finance/accounting or business-related field. Equivalent experience required for bachelor's degree in another field of study.
• Strong computer skills required.
• Strong communication and collaboration skills required.
• Must be able to work cooperatively with individuals across all functional areas of the business.
• Sound understanding of organizing, planning, critical thinking, analysis, presentation, documentation, and decision making.
• Strong skills in verbal and written communication, and use of Microsoft Office suite of software products (including Word, Excel, PowerPoint, and Outlook) required.
• Perform daily responsibilities with accuracy, professionalism, and attention to detail.

Nice To Haves

• Knowledge and experience in the areas of Enterprise Risk Management and/or Stress Testing and/or Vendor Risk Management and/or Model Risk Management preferred.
• Knowledge and experience in all aspects of the audit function and planning preferred.
• Knowledge and understanding of Farm Credit regulations and production agriculture preferred.
• Knowledge and experience with risk management software and/or platforms preferred.
• Some understanding of accounting practices, financial reporting, fiscal management, and internal controls strongly preferred.
• Working knowledge of the sound extension of credit and credit administration preferred.

Responsibilities

• Assist with developing appropriate risk management policies, plans, and procedures to achieve Association risk management objectives.
• Conduct risk analysis and modeling to inform corporate business planning and management decision making.
• Contribute to the development, implementation, and/or maintenance of appropriate reporting for the risk management function.
• Assist in developing and maintaining a strong internal control environment to protect corporate assets.
• Assist with insurance, purchasing, and investment activities related to Association-owned assets.
• Aid in formulating risk appetite statements and recommend policy to support such.
• Assist with formulating policies and procedures to determine hold limits for various segments of the loan portfolio, IRR requirements for capital markets and/or participation purchases, and pricing guidelines for various lending programs.
• Assist with administering and maintaining a robust Enterprise Risk Management (ERM) program.
• Review compliance with Association Policies and FCA Regulations within areas of responsibility.
• Assist with administering and maintaining a robust stress testing program on various business segments and the entirety of the loan portfolio.
• Assist in developing, maintaining, and executing (when required) the Association Incident Response Plan.
• Assist with implementing, administering, and maintaining a robust Vendor Risk Management program, including vendor due diligence, risk assessments, ongoing monitoring, documentation, and reporting.
• Assist with implementing, administering, and maintaining Model Risk Management program responsibilities, including model inventory maintenance, risk assessments, validation coordination, documentation, monitoring, and reporting.
• Other responsibilities as assigned by supervisor.

Benefits

• Comprehensive benefits package provided (including medical, dental, vision, life insurance, defined contribution retirement program, and potential for incentive compensation).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level