Enterprise & Operational Risk Analyst at BANK FUND STAFF FEDERAL CREDIT UNION

, District of Columbia, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Jul, 26

Salary

113600.0

Posted On

23 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk management, Data analysis, Data visualization, Enterprise risk management, Financial analysis, Operational risk, Reporting, Compliance, Business continuity, Third-party risk, Critical thinking, Communication, Time management, GRC tools, PowerBI

Industry

Financial Services

Description

Description About BankFund: BankFund Credit Union is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BankFund maintains three full-service branches downtown with our headquarters located near Farragut West metro station. This position is classified as a hybrid role which means that on-site work will be expected. After completion of training for the role, staff generally work on site 40% of the time but this is subject to change based on health and safety standards and operational need. Summary: The Risk Analyst supports second-line risk management by assisting with the development of the Credit Union enterprise risk management (ERM) program. Core responsibilities include conducting operational and financial risk analyses and preparing for clear, accurate risk reporting. The Risk Analyst also provides foundational support to enterprise operational risk programs, contributing to activities related to third-party risk, business continuity, and Credit Union policy and procedure development, as needed. Responsibilities: Conduct and document data-driven financial and operational risk analyses and reporting; synthesizing data and industry trends to identify risks and develop insights that guide risk mitigation and strategies. Facilitate key operational risk assessments (i.e., fraud, business continuity, third party, payments, bank secrecy act/anti-money laundering). Partner with business leaders to assess exposure, document current controls, and communicate results. Assist in the development and measurement of financial and non-financial key risk indicators (KRIs)by collaborating with business units, researching emerging risks, and generating insights that influence strategic risk responses. Contribute to development and measurement of enterprise risk appetite statements. Collaborate with business units to determine and implement appropriate risk response actions to ensure alignment with established risk tolerances. Support the development and refinement of the organization's risk taxonomy to improve risk categorization, assessment, and aggregation across the Credit Union. Maintain and enhance the enterprise risk register by reviewing key risk assessments, KRIs, audit and compliance results, and emerging risk data to support organizational insights and strategic risk decisions. Utilize Governance, Risk, and Compliance (GRC) tools, including the Compliance Management System to strengthen reporting across organizational risk assessments (enterprise and functional), analyses, risk appetite, and KRIs. Collaborate with Data Analytics to leverage data warehouse, analysis, and visualization tools for cohesive reporting across Credit Union resources. Maintain working knowledge of reporting tools and recommend enhancements to improve insight and efficiency. Analyze and document risk events, deficiencies, and exercises, verifying stakeholder input, identifying root-cause patterns, and providing recommendations to strengthen controls and processes. Facilitate ad-hoc risk assessments for new products, services, and projects, as well as ongoing Credit Union activities. Ensure assessments align with strategic and department goals. Educate stakeholders on risk assessment best practices and methodologies. Collaborate with Finance and business units to connect emerging and identified risk drivers to financial impact, supporting shared understanding and risk-informed decision making. Consider financial impacts to assess overall risk impact and inform risk severity and prioritization. Assist in promoting transparency and integration across risk functions by supporting the identification and consideration of NCUA-governed risk categories, the organizational risk register, and emerging risks. Assist Risk Management teams in the active monitoring of internal goals, KPI, KRI performance, etc. Support enterprise operational risk programs to assess risks across business processes to support continuity and resiliency planning. Support Operational Risk Leadership to develop, implement, and produce ongoing operational and enterprise risk reporting to Senior and Executive Management, the Internal Risk Committee, and Board of Directors. Serve as backup in support to the Director and Manager, Operational Risk and Risk Management Systems Administrator & Custodian of Records. Participate in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrate knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertake additional training specific to daily responsibilities and as required to ensure continued compliance with all applicable regulations. Ensure Credit Union safe harbor protections as allowed by the BSA. Understand that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation exists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintain awareness of, and immediately report to the Compliance Officer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understand that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations. Successfully participate in annual Information Security refresher training. Complies with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Security Officer. Follow all procedures to protect company computers from viruses, and to maintain the security and confidentiality of Credit Union data. Demonstrate commitment to the Credit Union’s Service IMPACT philosophy. Perform other work-related duties as assigned by the Director of Operational Risk. Requirements Minimum Qualifications or Knowledge, Skills, and Abilities Required Bachelor's degree in data, information systems, or related discipline from an accredited university or equivalent combination of education and related work experience Minimum 3 years in of risk management related experience at a financial institution with experience in data analysis and visualization with demonstrated proficiency and understanding of the principles of enterprise risk management; or equivalent combination of education and related work experience. Strong analytical and critical thinking skills. High dependability with well-honed time management skills. Excellent verbal and written communications skills. Thorough knowledge of the credit union industry, products, and services. Knowledge and Skills Preferred Enterprise Risk Management frameworks such as COSO, ISO 31000 National Credit Union Association (NCUA) Risk Areas Use of GRC tools, such as NComply, NRisk, or similar Proficient with Microsoft Products, including data visualization tools (PowerBI, or similar) Familiarity with enterprise collaboration tools and tracking, such as Confluence and Jira Certified Credit Union Enterprise Risk Professional (CUERME), or similar Certified Credit Union Compliance Officer (CUCO), or similar For internal purposes, this position is graded as Non Exempt - 11. The anticipated annualized base salary range for this position is $90,900 to $113,600. Final base salary for this role will be based on the individual’s job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to: medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan.

Responsibilities

The Risk Analyst supports the enterprise risk management program by conducting financial and operational risk analyses and preparing accurate risk reporting. They also collaborate with business units to assess exposure, implement risk mitigation strategies, and maintain the enterprise risk register.