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Summary: The Financial Risk Analyst, under the direction of the SVP, Financial Risk and Data Analytics, manages all aspects of the day-to-day Model Risk Governance program, Sarbanes-Oxley (SOX) Compliance as well as other key projects related to Financial Risk.

Job Responsibilities:

Model Risk Governance

+ Evaluate model documentation and associated risks to develop review strategies.

+ Review and analyze model validation reports produced by third party consultants. Discuss results with the model owner and other stakeholders. Monitor any remediation action recommendations for implementation/resolution.

+ Perform model validation and identify any deficiencies. Communicate any findings to the respective model owners/stakeholders, recommend remediation actions and monitor their implementation.

+ Research relevant regulatory frameworks, underlying products, assumptions, and methodologies

+ Develop model review reports and presentations to Credit and Financial Risk Committee and the Board of Directors.

Sarbanes-Oxley (SOX) Testing

+ Perform testing of the Bank’s internal controls to determine effectiveness, identify any deficiencies and make recommendations for process improvements or operational efficiency enhancements to strengthen them.

+ Identify key controls and develop work programs for testing of these key controls.

+ Collaborate with process owners/managers to ensure proper documentation of all significant processes and current procedures. Report testing results to the process owners/managers.

+ Review and monitor remediation procedures and exposure analyses for any control deficiencies.

+ Analyze and summarize testing results for inclusion in status reports and presentations to Credit and Financial Risk Committee and the Board of Directors.

+ Develop and prepare monthly management and quarterly Board level reports.

+ Perform the annual risk assessment and scoping exercises.

Insurance

+ Support the annual bank insurance renewal process by assisting in the information gathering process.

+ Perform claim processing and associated support gathering.

+ Update spreadsheets and executive reporting accordingly.

Support the vendor management due diligence process

+ Risk assesses new vendor requests and provides a written risk assessment that outlines any discrepancies, deficiencies and/or risks noted for review by the SVP, Financial Risk and Data Analytics.

+ Reviews due diligence package documents submitted by the third party and provides a conclusion of the information

+ Disseminates vendor due diligence reviews and risk assessment to the necessary parties.

+ Reviews existing vendor questionnaires in accordance with the tier-based monitoring schedule and completes all on going monitoring tasks.

+ Ensures that new vendor questionnaires are completed by the Line of Business and reviews the data to ensure the risk is measured appropriately.

Administrative

+ Performs other job related duties as may be assigned

Professional Development

+ Remains up to date on the latest developments with respect to regulatory compliance, industry best practices and standards.

Job Requirements:

+ Bachelor's degree required, concentration in finance, economics, or statistics preferred.

+ At least 2 years' experience in the financial services industry.

+ Analytical skills with attention to detail.

+ Excellent written and verbal communication skills.

+ Project management skills, including organization and time management.

+ Expertise in Microsoft Office Suite including Excel, Word, and PowerPoint.

+ Ability to effectively collaborate cross-functionally.

Columbia Bank and its affiliates is an Equal Opportunity Employer

Affirmative Action Employer/Males/Females/Protected Veterans/Individuals with Disabilities