Enterprise Risk Management Analyst

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

The ERM Risk Analyst within the Office of Enterprise Risk Management supports all aspects of the enterprise-wide risk management program. Overall responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization. This role will require communicating with individuals throughout the institution regarding risk practices and emerging risks in various business units. This role may also act as a consultative resource to the first and second lines of defense, put together risk presentations or informational reports for business unit leaders, executive management and the Board of Directors, and help create entity-wide policies related to risk management and risk governance.

Job Description:

• Managing the Issues Management aggregation, reporting, and notification process.
• Tracking all bank-wide policies and risk management department procedures, reporting their approval statuses, and notifications to policy/procedure owners.
• Compiling and monitoring key risk indicators, assessing the need for new indicators depending on the change in the entity’s business or processes.
• Challenging various risk related processes including the completion of risk assessments, risk appetite proposals, developed risk indicators, and reporting information.
• Contribute to the annual capital adequacy assessment process.
• Working with business lines and support teams on the completion of risk assessments and/or development of action plans to remediate any heightened risk resulting from ERM risk assessments and identify opportunities to improve internal controls.
• Possesses excellent communication and relationship building skills to successfully interact with diverse teams throughout the Bank. This role involves gathering critical information from various departments in order to effectively complete assigned tasks.
• Helping create entity-wide procedures as new risk regulations are promulgated or as the ERM business environment/process changes.
• Preparing monthly and quarterly presentations for Senior Management, Board of Directors’ Executive Risk Management Committee, and Parent Company.
• Preparing ad-hoc risk management reports as assigned.
• Helping perform comprehensive and well thought out quantitative analyses and justifying the results and ERM’s conclusion in a logical manner.
• Keeping up-to-date with the industry best practices and new regulations.
• Perform other duties and special projects as assigned.

#LI-Hybrid

Qualifications

• At least 3 to 5 years of work experience in risk management, Internal Audit, External Audit, or risk management for a financial institution, consulting firm, or regulatory agency.
• Must have excellent written, verbal, organizational and presentation skills.
• Collaborative team player and demonstrated ability to be flexible and easily shift among various tasks and projects.
• Knowledge of credit, liquidity, market, and capital risks is a plus.
• Advanced knowledge of MS Office Software Suite (Word, Excel, Access, PowerPoint).
• An understanding of finance/ accounting/business operations, either through educational degree or work experience.
• Ability to understand sound risk/reward decisions.
• Ability to consciously balance data, logic and intuition in all activities.
• Ability to think broadly, generate simple and creative ideas, and to translate strategy to execution.
• Self- motivated and able to work effectively both independently and as a team.

Compensation

The expected annual salary for this position is between $75,000 and $95,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.