Risk Analyst (Compliance) at Heritage Family Credit Union

Who We're Looking For:

• Strong understanding of operational and third-party risk management

• Collaborative mindset with excellent communication skills

• Ability to influence, advise, and guide stakeholders at all levels

• Desire to contribute to a culture of compliance, accountability, and growth

What You'll Be Doing:

• Serve as the subject matter expert for Third-Party Risk Management (TPRM) and Operational Risk Management (ORM)

• Partner with all lines of business and second-line stakeholders as a trusted risk advisor

• Act as an agent of change as HFCU transitions to an enterprise perspective of risk management

• Support and promote a risk-aware culture throughout the organization

Why Join Us:

• Heritage Family Credit Union is a dynamic and member-centric organization committed to making a positive impact on the lives of our members. We believe in delivering not just financial services but fostering meaningful relationships that enhance the overall well-being of our members and communities. With a focus on education, integrity, and community, we strive to be the preferred financial partner for our community.
• Benefits Include:
  • Paid time off in addition to paid federal holidays
  • Medical, dental, and vision benefits to employees who regularly work 24+ hours a week
  • 401k match
  • Ongoing training opportunities
  • 8 hours of volunteer time with an organization important to you
  • Reimbursement each month for Gym membership (up to $25), hobby reimbursement (up to $25) and fresh local foods (up to $25 on a seasonal basis)

Salary Range: $49,088.93 - $61,361.17

Position Title: Risk Analyst                                                                                          

FLSA Status: Exempt

Department: Compliance & Risk Management                                                                   

EEO Code: Professionals

Reports To: 

Manager,  Compliance                                                                                                                    

Grade: 9 

Summary:

The Operational Risk Analyst is the subject matter expert for the credit unions’ Third-Party Risk Management (TPRM) and Operational Risk Management (ORM).  The incumbent will report directly to the Manager, Compliance. This individual acts as an agent of change as HFCU transitions to an enterprise perspective of risk management. This position collaborates with all lines of business and second line stakeholders by acting as a risk advisor and partner to support a risk-aware culture.   

Essential Functions:

• Gather and track information for successful operation of the day-to-day functions within TPRM program.  Including the third-party vendor onboarding, incident monitoring, ongoing reviews, and off-boarding.
• Provide continuous monitoring and opportunities for improvement over the TPRM program.
• Continuously monitor and maintain the vendor due diligence program, including conducting annual reviews, collecting documentation, and ensuring compliance with existing policies.
• Evaluate new and/or existing internal control procedures or processes to identify (and initiate) improvements in programs, tools, and processes across the organization.  Supporting the Compliance team in developing robust compliance and risk management programs, through established processes, to meet regulatory requirements, industry best practices, and organizational objectives. Collaborate with other business lines to assess risks and internal controls.
• Assist business lines (and management) in reviewing policies/procedures for associated risk and proper compliance guidance.  In addition, review (and make recommendations to update) based upon regulatory guidance (new and existing) and corporate standards.
• Assist in driving operational risk awareness and training programs within the credit union to promote a risk focused culture and promoting risk literacy across departments.
• Stay updated with industry best practices, emerging trends, and regulatory changes related to operational and third-party risk, new initiative risks in the banking sector, and provide recommendations, accordingly.
• Partner with internal auditors and external examiners to update and track all audit/exam issues and provide reporting, as needed.  This may include preparation of Supervisory Committee deliverables.
• Responsible for maintaining predictable & reliable attendance.
• Perform other duties as assigned.

Qualifications:

·         Education: A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor’s degree.

o   Minimum High School Diploma or equivalent required.

o   Associate or bachelor’s degree with a focus in business management, risk management, or another related field. A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor’s degree.

o   Relevant industry specific certifications are preferred.

·         Experience:

o   Minimum 3-5 years’ experience in risk management, internal audit, IT risk, compliance, BCM, TPRM, or ORM at a financial institution is required.

·         Skills: This position requires a highly organized, detail-oriented self-starter.

o   Intermediate experience with Microsoft Office Products required.

o   Excellent communication skills/etiquette and the ability to communicate clearly and effectively over the phone, electronically and in writing, is critical.

o   Excellent verbal communication skills with the ability to present materials to groups one-on-one.

o   Strong analytical skills and the ability to make sound judgements.

o   Basic knowledge of business agreements/contracts, SOC reports, and financial statements.

o   Knowledge of credit union (or banking) regulations, practices, and policies.

Physical Requirements:

·         Perform primarily sedentary work with limited physical exertion and occasional lifting up to 10 lbs.

·         Must be able to operate routine office equipment including computer, telephone, copier, facsimile, and calculator.

·         Must be able to work extended hours whenever required or requested by management. 

·         Must be capable of regular, reliable, and timely attendance (in-person and remote).

·         While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, or controls; talk and hear.

·         Must have a valid driver’s license and be able to drive between locations throughout the company footprint.

Work Environment:

·         Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

·         Must be able to work independently with little supervision.

·         Must be able to travel throughout the company footprint on an as-needed basis.    

BSA/Risk: Employees will ensure adherence to BSA (Bank Secrecy Act) and risk compliance standards in all job responsibilities, maintaining the organization's regulatory integrity and mitigating potential risks.

Equal Opportunity Employer: Heritage Family Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.