Role Description:

The Business Analyst will be working within the Risk Management division to provide an understanding of the regulatory environment and how the risks of the products and services offered are viewed by the Second Line of Defense and regulators. This person will be facilitating Business Line awareness of and adherence to risk frameworks, policies, and standards and issue validation while continuously monitoring all sources of risk existing within the Business Line and externally. The ideal person can understand where operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks.

The Business Analyst will be working within the Risk Management division to provide an understanding of the regulatory environment and how the risks of the products and services offered are viewed by the Second Line of Defense and regulators. This person will be facilitating Business Line awareness of and adherence to risk frameworks, policies, and standards and issue validation while continuously monitoring all sources of risk existing within the Business Line and externally. The ideal person can understand where operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks.

Job Duties:

·        Drive Risk Culture throughout organization ensuring awareness in the Business Line of risk frameworks, policies and standards while working with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data.

·        Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls and remediation.

·        Facilitate training for Business Lines to provide awareness of risk frameworks, policies, programs, processes, issue validation, etc., reporting and escalating exceptions to Business Line corrective actions.

·        Continuously monitor all sources of risk existing within the Business Line and externally while engaging in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line.

·        Understand where operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks.

·        Monitor risk profile to maintain tolerance within Risk Appetite.

·        Draft and execute test procedures to assess operating effectiveness of controls.

·        Obtain, examine and analyze records from various systems, reports, operating practices, and documentation for compliance with bank policies, regulatory compliance and adherence to appropriate procedures by communicating with Business partners across the Bank.

·        Ensure proper utilization of bank policies and line of business procedures.

·        Performs control evaluations (both control design and control performance assessments) through collaboration with various stakeholders while influencing parties towards strategic goals.

Education & Requirements:

·        Bachelor’s Degree is required

·        Strong oral and written communication skills (English and Spanish) and the ability to summarize and present complex information and issues succinctly for the required target audience is a must

·        2+ years’ in IT Risk Management, Internal Controls, IT Auditing is required

·        Previous experience testing controls ensuring compliance with Regulations, Corporate Standards, and Corporate Policy within automated environments

·        Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a wide variety of financial services products and services

·        Must have banking experience (retail banking and risk management)

Plus:

·        Previous experience within IT Audits is a plus

test