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https://www.linkedin.com/jobs/view/operational-risk-analyst-ii-iii-data-governance-at-navy-federal-credit-union-3802536000 |
Overview
Level II
To review, analyze, and report on Navy Federal's risk, quality, service, and controls, to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities. Develop and lead risk assessment projects to assess compliance with federal and state regulatory requirements, industry standards, and Navy Federal operating procedures. Maintain and update Operational Risk procedural manuals, job aides, and tools. Develop complex and highly specialized risk assessment scopes. Perform in depth and comprehensive gap analyses to determine the root cause of process gaps and regulatory compliance failures. Assign corrective action target dates and ensure timely control implementation. Monitor corrective action target dates to ensure prompt remediation and control implementation to comply with regulatory government agencies requirements. Maintain data in the compliance monitoring platform to ensure adherence with regulatory government agencies requirements. Assist in leading complex/difficult tasks of moderate to considerable impact and latitude requiring moderate analysis.
Support the Lending Risk Office in the development of risk management requirements, guidelines, and best practices for effectively managing data across the end-to-end data lifecycle.
Provide guidance to stakeholders on the collection, discovery, management, access, use, security, retention, and retirement of data assets.
Understand business needs and identify opportunities to mature information lifecycle management capabilities.
Support the development, implementation, and management of Navy Federal's data governance risk policies, standards, and procedures
Assist in implementing and managing risk frameworks designed to identify, evaluate, and manage data governance controls across the organization or a particular business.
Level III
To review, analyze, and report on Navy Federal's risk, quality, service, and controls, to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities. Develop, lead and approve risk assessment projects to assess compliance with federal and state regulatory requirements, industry standards, and Navy Federal operating procedures. Maintain and update Operational Risk procedural manuals, job aides, and tools. Develop and assist in overseeing the most complex and highly specialized risk assessment scopes. Perform and validate in depth and comprehensive gap analyses to determine the root cause of process gaps and regulatory compliance failures. Serve as liaison with Internal Audit and Regulatory Compliance to ensure adherence with Enterprise and Compliance Risk Management requirements. Serve as the Operational Risk point of contact for external examination preparation and ad hoc projects. Administer and oversee the compliance monitoring platform and data entry to ensure adherence with regulatory government agencies requirements. Monitor lower level Analysts' corrective action target dates and oversee implementation of corrective actions to ensure prompt remediation and control implementation in coordination with internal/external audit examinations. Lead and assist in leading complex/difficult tasks of significant impact and latitude requiring advanced analysis.
Support the Lending Risk Office in the development of risk management requirements, guidelines, and best practices for effectively managing data across the end-to-end data lifecycle.
Provide guidance to stakeholders on the collection, discovery, management, access, use, security, retention, and retirement of data assets.
Understand business needs and identify opportunities to mature information lifecycle management capabilities.
Support the development, implementation, and management of Navy Federal's data governance risk policies, standards, and procedures
Assist in implementing and managing risk frameworks designed to identify, evaluate, and manage data governance controls across the organization or a particular business.
This position is eligible for the TalentQuest employee referral program. If an employee referred you for this job, please apply using the system-generated link that was sent to you.
Responsibilities
Level II
Plan the research for and development of specialized risk assessment scopes
Collaborate with management and personnel to optimize risk assessment scope development
Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities
Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
Lead/conduct and provide expertise 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 Navy Federal's quality control standards, policies and procedures
Make recommendations for additional controls and corrective action 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
Maintain effective communication with other business units and support teams to remediate errors and assist with implementation of corrective actions related to non-compliance with policies and procedures
Analyze Internal and External Audit reports and recommend enhancements to the risk assessment process
Partner and maintain effective working relationships with management to evaluate the progress of risk assessments and key issues raised during the review process and to facilitate the overall improvement of internal control structures
Research escalated issues; determine or collaborate with team on the resolution
Serves as coach/mentor to lower level staff
Maintain clear and organized risk assessment documentation including data, scope, status, results, reports, corrective actions, and completion date
Identify training opportunities and assist in the development of lower level staff
Develop and help administer optimal data testing and sampling strategies to ensure the most effective risk detection, analyses and control solutions
Develops new and updates Operational Risk policies and procedures
Serve as a resource for and interpret federal, state, NCUA, and other regulations and guidelines that impact the business unit operations
Analyzes the impact of changes to federal and state regulations and makes recommendations for changes to policies, procedures and practices to ensure compliance
Serve as primary point of contact and subject matter expert in meetings, committees, and major projects related to the development and improvement of processes and controls
Stay abreast of industry and regulatory related news and developments
Perform other duties as assigned
Develop guidelines and best practices in collaboration with Risk Office and Enterprise Data Governance (EDG) office for effectively managing enterprise data risks across the end-to-end data lifecycle
Provide advisory services on implementing data governance risk management capabilities within a business area or across the organization
Collaborate with key stakeholders to ensure information lifecycle management controls are implemented throughout the discovery, maintenance, access, use, security, retention, and retirement of data assets
Perform data governance control assessments
Conduct research on industry best practices for data quality management including data quality methodologies, frameworks, issue management, tooling, and reporting
Partner and coordinate implementation of EDG and InfoSec policies, standards, and procedures with key stakeholders (e.g., Information Services, Enterprise Risk Management, Records and Information Management, Legal)
Level III
Plan the research for and development of specialized risk assessment scopes
Collaborate with management and personnel to optimize risk assessment scope development
Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities
Gather and synthesize data; present conclusions and offer risk mitigation, remediation 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 Navy Federal's quality control standards, policies and procedures
Develop, lead and oversee 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
Maintain effective communication with other business units and support teams to remediate errors and assist with implementation of corrective actions related to non-compliance with policies and procedures
Manage, monitor and report on internal and external audit activities
Partner and maintain effective working relationships with management to evaluate the progress of risk assessments and key issues raised during the review process and to facilitate the overall improvement of internal control structures
Escalate to management and assist in determining corrective action for material breaches of applicable laws, rules, policies or standards with actual or potential impact
Serves as coach/mentor to lower level staff
Serve as subject matter expert regarding operational risk protocols, methodologies and effective control solutions
Oversee the record retention of risk assessment documentation, including, data, scope, status, results, reports, corrective actions, and completion date
Identify training opportunities and assist in the development of lower level staff
Develop and help administer optimal data testing and sampling strategies to ensure the most effective risk detection, analyses and control solutions
Develops new and updates Operational Risk policies and procedures
Serve as a resource for and interpret federal, state, NCUA, and other regulations and guidelines that impact the business unit operations
Analyzes the impact of changes to federal and state regulations and makes recommendations for changes to policies, procedures and practices to ensure compliance
Serve as primary point of contact and subject matter expert in meetings, committees, and major projects related to the development and improvement of processes and controls
Make presentations to management and staff on industry and regulatory related news and developments
Serve as Supervisor in the incumbent's absence
Perform other duties as assigned
Develop guidelines and best practices in collaboration with Risk Office and Enterprise Data Governance (EDG) office for effectively managing enterprise data risks across the end-to-end data lifecycle
Provide advisory services on implementing data governance risk management capabilities within a business area or across the organization
Collaborate with key stakeholders to ensure information lifecycle management controls are implemented throughout the discovery, maintenance, access, use, security, retention, and retirement of data assets
Perform data governance control assessments
Conduct research on industry best practices for data quality management including data quality methodologies, frameworks, issue management, tooling, and reporting
Partner and coordinate implementation of EDG and InfoSec policies, standards, and procedures with key stakeholders (e.g., Information Services, Enterprise Risk Management, Records and Information Management, Legal)
Qualifications
Level II
Advanced knowledge and understanding of risk-based auditing techniques and methodologies
Working knowledge of applicable federal and state regulations, company policies, and industry best practices
Advanced knowledge of operational and regulatory risk controls concepts and practices
Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
Proven ability to influence management decision making
Working knowledge of products, services, processes, requirements, and systems related to the business unit
Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies
Ability to work independently and in a team environment
Experience in collaborating across organizational boundaries and building partnerships across various functions
Significant experience in managing multiple priorities independently and/or in a team environment to achieve goals
Advanced project management skills
Advanced organizational, planning and time management skills
Advanced research and analytical skills
Advanced communication and negotiation skills
Advanced skill maintaining accuracy with attention to detail and meeting deadlines
Advanced communication and negotiation skills with ability to exercise good judgement and tact in dealing with Navy Federal senior management
Advanced skill at working with and communicating with all with all levels of employees and management within and outside the organization
Advanced customer service focus and relationship management skills
Advanced skill using innovative thinking to solve problems and facilitate the decision-making process
Advanced word processing and spreadsheet software skills
Advanced presentation software skills
Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Level III
Expert knowledge and understanding of risk-based auditing techniques and methodologies
Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices
Significant experience managing multi-faceted projects simultaneously that have cross-departmental impact
Expert knowledge of operational and regulatory risk control concepts and practices
Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
Proven ability to influence management decision making
Advanced knowledge of products, services, processes, requirements, and systems related to the business unit
Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies
Ability to work independently and in a team environment
Significant experience in collaborating across organizational boundaries and building partnerships across various functions
Significant experience in managing multiple priorities independently and/or in a team environment to achieve goals
Expert organizational, planning and time management skills
Expert research and analytical skills
Expert communication and negotiation skills
Expert skill maintaining accuracy with attention to detail and meeting deadlines
Expert communication and negotiation skills with ability to exercise good judgement and tact in dealing with Navy Federal senior management
Expert customer service focus and relationship management skills
Expert skill using innovative thinking to solve problems and facilitate the decision-making process
Advanced word processing and spreadsheet software skills
Advanced presentation software skills
Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Desired Qualifications
Level II
Advanced knowledge of operational and regulatory risk controls, concepts and practices
Working knowledge of Navy Federal's functions, philosophy, operations and organizational objectives
Advanced knowledge of state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products/services
NCCO, CRCM, or other applicable compliance certification
Master's Degree in related field or equivalent combination of training, education and experience
Level III
Advanced knowledge of operational and regulatory risk controls, concepts and practices
Working knowledge of Navy Federal's functions, philosophy, operations and organizational objectives
Advanced knowledge of state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products/services
NCCO, CRCM, or other applicable compliance certification
Master's Degree in related field or equivalent combination of training, education and experience
Hours:
Monday - Friday, 8:00AM - 4:30PM
Locations:
820 Follin Ln, Vienna, VA 2218 | 5550 Heritage Oaks Dr, Pensacola, FL 32526
The salary range for this position is: Level II
$32.17 - $50.58 hourly |
Level III
$76,900 - $138,900 annually
About Us
You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
Military Times 2022 Best for Vets Employers
WayUp Top 100 Internship Programs
Forbes® 2022 The Best Employers for New Grads
Fortune Best Workplaces for Women
Fortune 100 Best Companies to Work For®
Computerworld® Best Places to Work in IT
Ripplematch Campus Forward Award - Excellence in Early Career Hiring
Fortune Best Place to Work for Financial and Insurance Services
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 EOE/AA/M/F/Veteran/Disability
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.
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