Enterprise Risk & Controls Advisor I Biloxi 5008 bei Keesler Federal Credit Union

Position: Enterprise Risk and Controls Advisor I

Department: Enterprise Risk Management

Reports to: Enterprise Risk Officer

FLSA:  Non-Exempt                                                                         Grade: 10

Summary:

Conducts or assists in conducting coordination and development of Keesler Federal risk management activities to maintain maximum protection of KFCU’s assets. Analyzes and manages risk issues by identifying and measuring operational or enterprise risk for the credit union. The position requires significant independent judgement and the ability to work effectively without constant supervision.

Supervisory Responsibilities:

NONE

Essential Functions:

• Supports the establishment and maintenance of Enterprise Risk Management (ERM) infrastructure, in line with industry standards including COSO and ISO 31000.
• Support the implementation of Key Risk Indicator (KRI) framework.
• Collaborate with the business unit(s) on annual completion of risk assessments, including but not limited to BSA/OFAC, online banking, vendor management, wire transfers, ID Theft, etc.
• Provides / Review recommendations for remediation based on the reviews and risk assessments performed.
• Subject matter expert and supports the development/analysis of organizational policies and procedures, regulatory training, monitoring/self-testing, complaint processes and risk assessment to ensure compliance with federal regulations and internal standards.
• Consults with all levels of management regarding the need to implement appropriate risk management practices at the enterprise level and within business units.
• Review new initiatives that have cross-functional impact, allowing management to conduct required due diligence, provide feedback on risks, and/or highlight conditions for the initiative prior to implementation. This includes new or significantly expanded products and technology changes that have the potential to introduce risk.
• Assist in the identification of emerging risks for appropriate governance reporting in terms of impact, likelihood, mitigation, and monitoring.
• Prepares and maintains risk registers.
• Assesses the Company’s catastrophic and non-catastrophic exposures and coordinates with management on the appropriate program structure.
• Utilize qualitative and quantitative methods to analyze data in order to mitigate overall financial institution losses while maintaining acceptable levels of member impact.
• Perform research and analysis of emerging risks that pose a threat to the organization and make recommendations for greater effectiveness.
• Communicate professionally and accurately regarding identified risks within each business unit and assessable area.
• Develop and maintain strong relationships with other business units to ensure alignment in overall business outcomes. Work with internal business partners to improve the efficiency and effectiveness of risk mitigation.
• Effectively facilitate and work on cross-functional teams and with all levels of management. Be a productive team leader/player and communicate effectively with management and team members.
• Researches, monitors, and reports on changes in laws and regulations to ensure Keesler is able to take a proactive approach to Compliance Risk.

Other duties and Responsibilities:

• Remains current on any changes and/or additions that may affect the Credit Union’s risk rating.
• Performs other duties as may be assigned by the Enterprise Risk Manager.
• Continues professional development through self-training (books, periodicals, membership in professional groups, etc.) Internal and external training seminars may be required.

Knowledge & Skills:

To perform this job successful, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

Bachelor’s degree in business or related field preferred or equivalent combination of education and experience.

Experience and Other Requirements:

• Three to five years financial institution experience required
• Risk Management related experience preferred
• Proficient knowledge of risk analysis techniques and theories, with a strong understanding of the regulatory requirements affecting the financial industry
• Ability to understand risk assessments, the identification of mitigating controls and the determination of residual risk.
• Must possess ongoing ability to keep abreast of changing policies and procedures
• High level of accuracy and attention to detail is required
• Strong analytical and reasoning abilities required
• Ability to handle multiple and complex deadlines
• Must be well-organized and possess the ability to establish credibility and decisiveness
• Must establish and maintain good working relationships with co-workers, supervisors, management, department heads, and various agency personnel
• Must possess the ability to communicate both orally and written with a wide range of people
• Must possess professional, well developed interpersonal skills essential for providing great service and projecting a positive image as a representative for the organization
• Approaches others in a tactful manner, reacts well under pressure, accepts responsibility for own actions, and follows through on commitments
• Must possess sound and accurate judgement. Displays a willingness to make decision in a timely manner, usually within established guidelines. Includes appropriate people in decision-making process and can support and explain reasoning for decisions.

Interpersonal Skills:

The ability to motivate or influence others is a material part of the job, requiring significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is important part of the job and a high level of interpersonal skills is critical to the success of this position. Work frequently involves contacts requiring considerable discussion of problems, material presentations, resolving issues impacting departments or divisions.

Computer Skills:

• Knowledge of information technology capabilities and procedures. Must be proficient in the use of personal PC or laptop, including proficiency with word processing, spreadsheet, and presentation skills
• Intermediate mathematical and accounting skills required
• Experience with email software (Outlook) and the use of Internet required
• Experience with NContracts software a plus

Certificates, Licenses, and Registrations:

None

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle or feel, reach with hands and arms, talk, and hear. The employee is frequently required to stand and walk. The employee is occasionally required to life, carry, and/or move up to 20 pounds.

Work Environment:

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Extensive use of desktop computer is required. The noise level is that of a normal office environment.

Declaration:

The human resources department retains the sole rights and discretion to make changes to this job description.