Enterprise Risk Analyst

  • Location: VA Vienna - Headquarters
  • Full/Part Time: Full-Time
  • Regular/Temporary: Regular

Job Description

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Employee Perks

Why You Will Love Being Part of the Navy Federal Team:

*Competitive compensation with opportunities for annual raises, promotions, and bonus potential
*Best-in-Class Benefits! (7% 401k match / Pension plan / Tuition reimbursement / Great insurance options)
*On-site amenities include fitness center, wellness center, cafeteria, etc. at Pensacola, FL; Vienna, VA and Winchester, VA campuses
*Consistently Awarded Top Workplace
*Nationally recognized training department by TRAINING Magazine
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

Assist in the administration of model risk management (MRM) throughout Navy Federal including validation of quantitative risk models and monitor policies and procedures governing model risk management. Ensure consistent use of the enterprise MRM framework and its fit within the Enterprise Risk Management program by independently overseeing enterprise risk model processes. Participate in discussions assessing model design, output, changes, and testing. Assist Strategy Management in the development and monitoring of key performance indicators and other measures of progress toward strategic goals.

Responsibilities:

• Assist in the development of the enterprise framework for model risk management through the full lifecycle from design, development, implementation and use
• Manage the enterprise inventory of risk models, including creating and managing a centralized collection of documents used to administer and support model management
• Contribute to appropriate model validation activities for the quantitative financial and credit predictive models, including independent review and validation of assumptions
• Work with subject matter experts to assess quality of data used in risk models and to create an independent assessment of models and model output
• Escalate concerns through the identification of risks or issues within model design, development, assumptions and controls
• Identify and measure the key risk indicators for the enterprise to determine emerging risks and possible impediments to achieving strategic objectives
• Provide input to the corporate risk appetite statement as well as business level risk appetite statements
• Design and develop dashboards, scorecards, and reports to facilitate operational and strategic decision making
• Provide input to the Strategy Management team regarding model output and associated risks as well as emerging enterprise risks
• Build and maintain relationships with team members, management, key stakeholders and/or external contacts (vendors, etc.)
• Research, gather and synthesize data; present conclusions and recommendations to management and/or team members
• Manage projects of varied scope
• Partner with other business units and vendors to improve procedures, resolve problems, and implement initiatives; presents conclusions and recommendations to management
• Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines
• Performs other duties as assigned

Qualifications:

• Bachelor’s Degree in business administration, economics, statistics, mathematics or equivalent combination of training, education and experience
• Significant experience in data analysis, financial analysis, predictive modeling, stress testing, data model development and other quantitative roles
• Advanced knowledge of banking/financial industry standards and practices
• Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies
• Significant experience in developing business scenarios and providing effective challenges to underlying assumptions
• Advanced research, analytical, and problem solving skills
• Significant experience in managing multiple priorities independently and/or in a team environment to achieve goals
• Significant experience in working with all levels of staff, management, stakeholders, vendors
• Advanced skill influencing and building consensus with business partners
• Ability to simplify complex ideas for non-experts to understand
• Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
• Advanced organizational, planning and time management skills
• Advanced verbal and written communication skills
• Advanced skill in word processing and spreadsheet software skills
• Advanced database and presentation software skills
• Desired – Master’s degree in business administration, economics, statistics, mathematics or equivalent in-depth expertise
• Desired – Experience in a lending or corporate financial function within the financial industry
• Desired – Working knowledge of SAS, SQL, SPSS or other analysis tools

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

Equal Employment Opportunity

 

Navy Federal values, celebrates, and enacts diversity in the workplace.  Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans.  EOE/AA/M/F/Veteran/Disability