Enterprise Risk Oversight Analyst

Enterprise Risk Oversight Analyst reports directly to the Enterprise Risk Strategist and Reporting Manager and provides analytical and program management support for Risk Appetite reporting and second line of defense oversight of key financial risks, which includes liquidity risk, market and interest rate risk and credit risk. This position works within the Chief Risk Officer organization to perform risk management activities including risk analysis, monitoring and reporting.

This work ensures sustainable risk management practices for managing risks in line with the Enterprise Risk Management Framework and within the Bank's risk appetite.

Enterprise Risk Oversight Analyst is responsible for assisting in the execution of Risk Appetite reporting, oversight and analysis of trends and levels of risk exposure. The Enterprise Risk Oversight Analyst also supports key activities including developing and maintaining alignment between 1st and 2nd line for financial risk-related Policies, Programs, procedures, and controls. Additional responsibilities include supporting the Enterprise Risk Strategy and Reporting team in a variety of roles, comprising of subject matter support to Model Risk Management and Third Party Risk Management.

The Enterprise Risk Oversight Analyst is an important role in the continued development and maturity of ERM, ensuring risk management activities are aligned with best practices and regulatory guidance.

• Supporting the quarterly execution, and assisting in the maturity, of Risk Appetite reporting across all risk domains, presented to senior management and the Board of Directors.
• Maintaining, analyzing and validating existing and development of new risk appetite metrics and KRIs in risk management reporting. Establishing certification and further enhancements to the annual review processes related to risk appetite metrics.
• Identifying, monitoring and providing effective challenge for 1st line activities and operating procedures to ensure proper governance and control are aligned with Rockland Trust's Risk Appetite, ERM framework and within regulatory guidance.
• Analyzing and monitoring emerging risks including current trends/industry risk events, future developments, significant changes to economic conditions, governmental policies and regulations that impact the bank's risk management practices.
• Working with the Enterprise Risk Strategist and Reporting Manager and Financial Risk Oversight Officer to ensure the proper identification, measurement, monitoring and reporting of liquidity risk, market and interest rate risk, and credit risk.
• Assisting with the annual risk assessments and analysis of the applicable financial risk domains. Coordinating with the 1st line Treasury and Credit Risk functions to review functional processes, conduct risk assessments, provide effective challenge, and advise on risk oversight and risk management framework and policy questions.
• Ensuring the integration of Rockland Trust's ERM framework throughout the bank's liquidity, market and interest rate, and credit risk management activities. Continuing to refine and improve the 2nd line risk infrastructure to ensure that risk management practices are keeping pace as the organization grows and evolves.
• Participating in the Risk and Control Self Assessment (RCSA) process and assisting with development and maintenance of the risk and control library for applicable financial risks.
• Maintaining knowledge of regulatory guidance related to liquidity, market and interest rate, and credit risk management practices, which includes analyzing and reporting on the impact of any proposed regulatory changes affecting these financial risks.
• Assisting the Model Risk Management team by assessing the reasonableness and validity of the scenarios and assumptions used in financial models—shifts, slopes, and twists in the yield curve, asset betas, deposit betas, prepayment rates, default probabilities, loss given default, etc.—and assisting with oversight of model change management and the ongoing performance of financial models, as appropriate.
• Assisting the TPRM team, as a designated subject matter expert, with…