Risk and Control Analyst

Risk Remediation Specialist

Create and execute remediation plans for issues arising from internal/external reviews or business self-identification. Work with various businesses to create ongoing monitoring practices and develop independent monitoring plans to review business processes, products, and services for adherence to internal policies and standards; and compliance with applicable federal, state, and local laws and regulations. Work with employees of the business to develop remediation plans, validation of remediation efforts, and execute and confirm monitoring results.

Responsible for providing key stakeholders timely and accurate reporting on the status of all risk related issues and events.

Do you see yourself doing this?

• Work with internal lines of business to ensure risk issues and events are comprehensively captured and closed within established target dates.
• Develop and implement standards and policies appropriate for the business that conform to the principles and policies established by the department.
• Develop, execute, and validate remediation plans for assigned business areas, products, and services internally or with third parties.
• Analyze issues to determine root cause and provide recommendations for remediation plans to management and business.
• Follow written policies, standards, and procedures for how the remediation and monitoring programs are designed to function.
• Complete assigned monitoring according to monitoring plan schedule.
• Work closely with internal partners to identify process gaps.
• Work as an agent on the businesses’ behalf when working with the 2nd and 3rd lines of defense.
• Perform review activities that will provide reasonable assurance that controls are designed and operating effectively.
• Ensure review results are stored according to internal guidelines.
• Provide feedback to assigned lines of business for areas of concern, and transition into formal action plans.
• Complete reporting by writing issue statements and develop effective remediation plans and status reports that are clear and concise.
• Design effective controls and monitoring plans and deliver results and potential findings from monitoring activities to members of management.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.