Operational Risk Analyst

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. Conduct risk assessments to ensure 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 standard risk assessment scopes and conduct re-scoping of already established reviews to ensure validity. Perform analyses to determine the root cause of process gaps. 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.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 the 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 the team on the resolution.Serves as coach/mentor to lower-level staff.Minimum Requirements:Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education, and experience.Working knowledge and understanding of risk-based auditing techniques and methodologies.Working knowledge of applicable federal and state regulations, company policies, and industry best practices.Working knowledge of operational and regulatory risk controls concepts and practices.Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives.Effective organizational, planning, and time management skills.Effective research and analytical skills.Effective communication and negotiation skills.Effective skill maintaining accuracy with attention to detail and meeting deadlines.Working knowledge of products, services, processes, requirements, and systems related to the business unit.

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