Risk Management Trainee

Overview

Summary

The Risk Management Trainee is part of the Risk Management Development Program which will provide training in BSA/AML, Internal Audit, Financial Intelligence Unit, Compliance/CRA, Third Party Risk Management, and Enterprise Risk Management. Within each department the associate will receive foundational training to understand the responsibilities and functions of each department in terms of how each department contributes to the overall risk management of Academy Bank and Armed Forces Bank.

Within the various Academy Bank risk departments, the Risk Management Trainee will receive training and then be able to perform the following tasks:

BSA/AML

• Review and disposition Verafin alerts.
• Investigate escalated cases for potential SAR filing recommendations.
• Conduct comprehensive investigations on the Bank’s high-risk clients.
• Complete additional duties and projects as assigned by management.

Internal Audit

• Assist with assigned tasks, such as attending and assisting in documenting walkthroughs, testing controls, evaluating processes, and verifying compliance with policies, procedures, and regulations for branch and corporate audits.
• Assist in highlighting observations, recommendations, and drafting preliminary audit reports.
• Assist in communicating audit objectives, progress, and findings to management.
• Complete additional duties and projects as assigned by management.

Financial Intelligence Unit

• Support senior investigators in investigations/cases under supervision.
• Compile documentation for investigations.
• Participate in fraud interviews with clients.
• Review and disposition of Verafin alerts.
• Review new business accounts for fraud.
• Complete additional duties and projects as assigned by management.

Compliance/CRA

• Assist with various compliance testing and monitoring. Help identify potential violations and/or bank errors. Assist in the preparation of compliance review reports.
• Help track issue management and corrective action items.
• Assist with CRA and HMDA data validation.
• Help with community development tracking for the Bank.
• Complete additional duties and projects as assigned by management.

Third Party Risk Management

• Participate in third-party onboarding.
• Prepare and send vendor evaluation packages to new and existing vendors.
• Review and save due diligence documentation.
• Update information in nVendor.
• Engage with vendor managers and vendors to facilitate the onboarding process for third-party engagements.
• Assist with ongoing risk assessments.
• Identify third parties not included in the vendor inventory database and manage ongoing monitoring of third-party engagements.
• Complete additional duties and projects assigned by management.

Enterprise Risk Management

• Functional area
  
  risk assessments.
• Preparation of quarterly ERM dashboard.
• Annual risk assessment process.
• DFC insurance program
  - Renewals and Claims.
• Complete additional duties and projects assigned by management.

The Following Are Essential Functions Of The Job

• Protect all client and bank information confidentially and follow all company policies.
• Understand, communicate, and instill the Company’s mission, vision, and values (Pillars of Success).
• Complete monthly training in a timely manner to ensure knowledge of bank regulatory requirements, policies, and procedures.
• Working at the worksite during regular business hours and/or assigned hours.
• Other specified duties as assigned.