Senior Enterprise Risk Analyst

Farmers and Merchants Bank of Long Beach•Lakewood, CA

5d•$102,440 - $174,200•Onsite

About The Position

The Senior Enterprise Risk Analyst plays a critical role in identifying, assessing, monitoring, and managing risk across the Bank. Working closely with the Enterprise Risk Officer, this position supports the development and maintenance of a strong enterprise risk management framework that enables effective risk aggregation, analysis, and reporting to senior leadership. The Senior Enterprise Risk Analyst is responsible for helping design and implement risk management methodologies, frameworks, policies, and procedures that support the Bank's strategic and operational objectives. This role also provides guidance to business units and staff on risk-related processes, controls, and best practices to ensure consistent risk management across the organization.

Requirements

Strong understanding of banking operations, products, services, and processes, including deposits, lending, treasury management, and other core banking functions.
Ability to analyze and interpret financial information, including balance sheets, income statements, and related financial reports, and translate findings into meaningful risk insights and management reporting.
Working knowledge of Governance, Risk, and Compliance (GRC) systems and their application in managing enterprise risk programs, controls, issues, and regulatory requirements.
Comprehensive knowledge of enterprise risk management principles, methodologies, and best practices, including familiarity with applicable Federal Reserve Board (FRB) and Federal Financial Institutions Examination Council (FFIEC) guidance and expectations.
Advanced understanding of key risk management disciplines, including Issues Management, Model Risk Management, Risk Assessments, New Products and Services Reviews, Risk Acceptance, and Enterprise Change Management.
Strong knowledge of governance frameworks and processes, including the development, standardization, maintenance, and oversight of policies, procedures, standards, and management committee charters.
Demonstrated ability to identify, assess, measure, monitor, and report risks across multiple business and operational areas.
Experience developing risk metrics, key risk indicators (KRIs), dashboards, and reports to support executive and Board-level decision-making.
Ability to challenge assumptions constructively and provide credible, independent risk oversight and guidance to business partners and stakeholders.
Strong analytical, problem-solving, and critical-thinking skills, with the ability to evaluate complex situations and recommend practical risk mitigation strategies.
Excellent written and verbal communication skills, including the ability to present complex risk concepts clearly and concisely to diverse audiences.
Demonstrated ability to manage multiple priorities, coordinate cross-functional initiatives, and meet deadlines in a dynamic regulatory environment.
Subject matter expertise in at least one major risk category or risk domain, such as Operational Risk, Credit Risk, Compliance Risk, Model Risk, Liquidity Risk, Market Risk, Information Security/Cyber Risk, or Third-Party Risk Management.
Ability to foster collaboration, build strong relationships across the organization, and promote a culture of risk awareness and accountability.
Strong analytical, critical-thinking, and problem-solving skills with the ability to evaluate complex risks, identify root causes, and recommend effective solutions.
Demonstrated ability to apply logical reasoning and sound judgment to support risk-based decision-making and organizational objectives.
Strong quantitative analysis skills with the ability to interpret data, identify trends, and generate meaningful insights to support risk management and business decisions.
Advanced proficiency in Microsoft Office applications, including Excel (intermediate to advanced), Word, PowerPoint, and Visio and reporting tools used for risk analysis and governance reporting.
Experience developing reports, dashboards, metrics, and data visualizations to support management and Board-level reporting.
Knowledge of process improvement methodologies and technology-enabled solutions that enhance operational efficiency, reporting capabilities, and risk management effectiveness.
Ability to analyze qualitative and quantitative information to identify emerging risks, control gaps, process inefficiencies, and opportunities for continuous improvement.
Excellent verbal and written communication skills, including the ability to present complex information clearly and effectively to executive leadership, committees, and business partners.
Strong presentation and facilitation skills with the ability to influence stakeholders and communicate risk-related matters confidently and professionally.
Exceptional interpersonal and relationship-management skills, with the ability to build credibility and collaborate effectively across all levels of the organization.
Ability to provide constructive challenge and guidance while maintaining positive and productive working relationships.
Strong organizational, prioritization, and time-management skills with the ability to manage multiple projects and deadlines in a dynamic environment.
Self-motivated and capable of working independently with minimal supervision while exercising sound judgment and accountability.
Demonstrated ability to work effectively both independently and within cross-functional teams.
Ability to establish goals, manage competing priorities, and consistently deliver high-quality work products.
Inductive Reasoning: Ability to synthesize information from multiple sources and identify patterns, relationships, or trends to develop conclusions and support strategic decision-making.
Deductive Reasoning: Ability to apply established principles, policies, and risk management frameworks to specific situations and recommend practical, well-reasoned solutions.
Strong attention to detail with the ability to assess complex problems, evaluate alternatives, and determine appropriate courses of action.
Operates standard electronic computers and customary office equipment required to perform essential job functions.
Use of equipment is required, with or without reasonable accommodation, in accordance with the Americans with Disabilities Act (ADA) and the California Fair Employment and Housing Act (FEHA).
Bachelor’s degree (B.A./B.S.) in Economics, Business Administration, Accounting, Finance, Risk Management, or a related field from an accredited institution.
Minimum of five (5) years of experience in banking, financial services, risk management, audit, compliance, finance, or a related field.
Experience supporting or participating in enterprise risk management, governance, compliance, operational risk, model risk management, issues management, or other risk-related functions within a financial institution.
Demonstrated experience analyzing financial, operational, and risk-related data and preparing reports for management and stakeholders.

Nice To Haves

Advanced degree, such as a Master of Business Administration (MBA), Master of Finance, Master of Accounting, or other related graduate degree, preferred.
Professional certifications such as Certified Risk Management Assurance (CRMA), Financial Risk Manager (FRM), Certified Enterprise Risk Professional (CERP), Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or similar credentials are preferred.
Prior experience working within a regional banking organization or similarly regulated financial institution preferred.

Responsibilities

Support the Enterprise Risk Officer in the ongoing development, enhancement, and administration of the Bank’s Enterprise Risk Management (ERM) program to ensure effective risk oversight and achievement of strategic objectives.
Lead and support the design, implementation, and continuous improvement of key ERM initiatives, including Issues Management, Policy Management (exceptions and violations), Model Risk Management, Risk Acceptance, Governance, Risk & Compliance (GRC) platform implementation, New Products and Services reviews, and Enterprise Change Management.
Maintain the Bank’s model risk inventory, including End-User Computing (EUC) tools and model intake processes; perform model identification, adjudication, and risk assessments, and coordinate with third-party model validation vendors as directed.
Perform ongoing analysis and reporting for critical risk management activities, including deposit analytics, model risk management, issues management, key risk indicators (KRIs), and quarterly risk reporting.
Partner with business units to provide guidance and effective challenge regarding governance activities, including the development and maintenance of policies, procedures, committee charters, and related documentation.
Support the development and maintenance of an integrated risk data repository, leveraging qualitative and quantitative data to drive process improvements, risk insights, and meaningful risk metrics.
Prepare and deliver risk reporting, dashboards, and presentations for executive management and Board committees, highlighting key risks, trends, exposures, and mitigation efforts.
Collaborate with business units and risk owners to establish risk limits, controls, monitoring processes, and reporting mechanisms that effectively manage the Bank’s risk profile.
Proactively identify emerging risks and advise management on appropriate mitigation strategies to support organizational objectives and continuous improvement.
Develop and deliver procedures, training materials, and educational resources that strengthen risk awareness and clarify stakeholder responsibilities across the organization.
Communicate risk events, control weaknesses, and significant findings to management in a timely manner, escalating matters and recommending mitigation plans when appropriate.
Support a strong risk culture by promoting adherence to risk management policies, regulatory requirements, and industry best practices.
Manage assigned responsibilities in accordance with the expectations of the Enterprise Risk Officer, including effective prioritization, timely completion of deliverables, and compliance with departmental and supervisory requirements.
Complies with all applicable state and federal banking laws, regulations, and internal policies related but not limited to lending, operations, and deposit requirements, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML) requirements, Office of Foreign Assets Control (OFAC) regulations, Customer Identification Program (CIP) requirements, Financial Elder Abuse reporting laws, Sexual Harassment prevention policies, information security and privacy requirements.