Risk Business Analyst - Hybrid

Risk - Business Analyst Description: Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and identifying and implementing approaches and solutions to mitigate those risks.

They may focus on one or more particular types of risk, such as financial or operational risk, and may provide advice to management based on this knowledge base.

Typically requires an individual to have a professional qualification in one or more areas of risk management or its equivalent.

Work under minimal supervision and use complete understanding of business needs and objectives to support projects that impact the achievement of operational goals.

Advanced skill set and proficiency with procedures and techniques.

Responsibilities: •Plan the research for and development of specialized risk assessment scopes •Collaborate with management and personnel to optimize risk assessment scope development •Identify potential business risks, operational and regulatory process deficiencies, and improvement opportunities •Gather and synthesize data; present conclusions and offer risk mitigation, remediation, and process improvement solutions to management •Lead/conduct and assist in providing expertise in the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies, and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal‘s quality control standards, policies, and procedures •Develop, lead, and oversee efforts to improve the efficiency and effectiveness of operations and risk mitigation processes – Considerable impact •Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions Qualifications: •Complete knowledge and understanding of the business area/specialization •Advanced knowledge and understanding of risk-based auditing techniques and methodologies •Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices •Experience with managing multi-faceted projects simultaneously that have cross-departmental impact •Advanced knowledge of operational and regulatory risk control concepts and practices •Proven ability to plan, organize, and effectively execute risk mitigation and process improvement initiatives •Advanced organizational, planning, and time management skills •Advanced research and analytical skills •Bachelor’s Degree in Business Administration, Auditing, or related field, or equivalent combination of training, education, and experience •Desired - Master’s Degree in related field or equivalent combination of training, education, and experience Additional experience required in at least 1-2 of the following areas: • Experience with third-party vendors and/or third-party technology risk management • Experience with business resiliency management • Experience with data risk management • Experience with model risk management • Experience with application risk management • Experience with technology governance and technology risk management