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Overview

Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a 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. Implements new risk policies, practices, appetites, and solutions to ensure comprehensive understanding and management of risks according to industry standard processes. Serves as an effective communication channel between other Risk teams, Business Unit Risk Offices, and the Business Units. Works under minimal supervision, applying advanced knowledge to support projects that impact operational goals.

Responsibilities

+ Plan the research for and development of specialized control assessment scopes, specific to Operational Risk domain / sub domains (Compliance, ICFR, Technology, Security, Data, Model, Fraud, Third Party, Business Resiliency) through working with risk domain POCs to integrate these components to ensure standardization and alignment across the Enterprise.

+ Support Enterprise through execution of ORM program updates and activities, such as Controls, to include critical components related to identification, testing, remediation, Controls rationalization, and reporting.

+ Collaborate with management and personnel to optimize risk assessment scope development, leveraging knowledge of industry norms with ORM risk domains

+ Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities

+ Gather and synthesize data; present themes, trends, and analysis to inform remediation, program updates, enterprise prioritization, and process improvement solutions to management

+ Lead/conduct and assists provide expertise in with 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 our quality control standards, policies and procedures

+ Lead efforts to improve the efficiency and effectiveness of operations and risk mitigation processes

+ Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions.

+ Review appropriate KRIs for relevant ORM risk domains, considering industry norms, regulatory requirements and prior experience; partner with senior leaders to collaborate with affected business unit on thresholds, reporting, analysis, escalation and issues, as appropriate.

+ Draft ORM-related Policies, Instructions and Standards with support from teammates and management, and partner with senior leaders to socialize with stakeholders for vetting, publication and monitoring.

Qualifications

+ Bachelor’s Degree in Liberal Arts, Business Administration, Auditing, Technology / Engineering, Management, or other related fields, or equivalent combination of education and experience

+ 5-7 years of experience in risk management or related methodologies

+ Complete knowledge and understanding of operational risk management processes and business area specialization

+ Experience on how to identify, assess, and monitor operational risks across various business functions

+ Advance experience in preparing reports and dashboards on operational risk exposure and key trends for business units and senior management

+ Advanced knowledge and understanding of risk assessment frameworks and methodologies, including RCSA

+ Advance experience analyzing risk events, root causes, and trends to recommend mitigation strategies

+ Advance experience with improving and contributing to strategies, tools, and methodologies to measure, monitor, and report risks

+ Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices

+ Experience managing multi-faceted projects with cross-departmental impact

+ Advanced knowledge of operational and regulatory risk control concepts and practices

+ Proven ability to plan, organize, and execute risk mitigation and process improvement initiatives

+ Advanced organizational, planning, and time management skills

+ Advanced research and analytical skills

+ Advance experience leading risk assessments, control evaluations, and implementing risk mitigation strategies

+ Advanced collaboration skills with the ability to work across functions to address risk concerns

Desired Qualifications

+ Master’s Degree in a related field or an equivalent combination of training, education, and experience that provided exposure to or management of ORM-related risk domains

+ Experience in Financial Services, First, Second (ERM, ORM), and/or Third Line Risk Management, or Consulting experience

+ Significant knowledge or working experience with industry leading controls and risk management frameworks (e.g. COSO, ISO 3100) as well as best practices

+ Significant experience in working with multiple stakeholders collectively to accomplish a singular objective

+ Significant experience in working in rapidly changing environments

Hours: Monday - Friday, 8:00AM - 4:30PM

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

REQNUMBER: 26188