Enterprise Risk Management; ERM Analyst

Role Overview

The Enterprise Risk Management (ERM) Analyst supports Empower FCU's Enterprise Risk Management program by helping identify, assess, monitor, and report risks across the credit union. This role works closely with business units to document processes, evaluate controls, and maintain risk records in alignment with NCUA guidance, internal policies, and industry best practices.

ERM Analyst strengthens risk awareness across the organization, supports regulatory readiness, and provides analytical insights that help leadership make informed, risk aware decisions.

Our headquarters are based in Syracuse, NY. We work in a Hybrid Model requiring a minimum of 5 days in office per month.

These functions are performed across weighted categories:

• 30% Risk Identification & Assessment
  • Assist in identifying emerging risks across Empower FCU and its CUSO relationships.
  • Support annual and ongoing risk assessments, including operational, strategic, financial, compliance, cybersecurity, and third‑party risks.
  • Evaluate risks in accordance with NCUA, CFPB, and other applicable regulatory expectations.
  • Gather and analyze risk information from business units and CUSO partners.
• 25% Risk Monitoring & Reporting
  • Maintain and update the enterprise risk register, including CUSO related risks and third‑party oversight documentation.
  • Prepare risk dashboards, heat maps, and reports for senior leadership, board committees, and regulatory examinations.
  • Track remediation activities and follow up with business units to ensure timely completion.
  • Support reporting aligned with NCUA’s supervisory priorities and internal governance requirements.
• 20% Process & Control Documentation
  • Document business processes, internal controls, and risk mitigation strategies across credit union operations.
  • Review and validate control effectiveness, identifying gaps or improvement opportunities.
  • Support internal audits, NCUA examinations, and compliance reviews.
  • Assist in documenting and monitoring CUSO oversight processes, including due diligence and ongoing monitoring.
• 15% ERM Program Support
  • Assist in developing and enhancing ERM policies, procedures, and frameworks tailored to credit union operations.
  • Participate in ERM initiatives such as scenario analysis, business continuity planning, and risk workshops.
  • Support risk culture development and training across Empower FCU and relevant CUSO partners.
  • Contribute to the enhancement of third‑party risk management practices.
• 10% Data Analysis & Systems Management
  • Analyze risk data to identify trends, patterns, and emerging issues.
  • Maintain ERM systems of record and ensure data accuracy and completeness.
  • Support enhancements to risk dashboards, reporting tools, and automated risk workflows.
  • Perform all other duties as assigned.

See Dayforce (HRIS) for performance goals upon hire & annually.

• Experience
  • 3 to 5 years of experience in risk management, compliance, audit, financial services, or a related analytical role.
  • Experience in a credit union, bank, CUSO, or other regulated financial institution strongly preferred.
  • Familiarity with NCUA regulations, credit union operations, and third‑party/CUSO oversight is beneficial.
• Education
  • Bachelor's degree in Business, Finance, Risk Management, Accounting, Economics, or a related field preferred.
  • Advanced degree or relevant certifications (e.g., CRMA, CRM, CUERME, CIA, CISA, CUCO) are a plus.
• Interpersonal Skills
  • Work involves much personal contact with others inside and/or outside the organization for the purpose of first‑level conflict resolution, building relationships, and soliciting cooperation.
  • Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• Other Skills
  • Strong analytical and critical thinking abilities.
  • Excellent written and verbal communication skills.
  • High attention to detail and strong organizational skills.
  • Ability to collaborate effectively with cross‑functional teams.
  • Proficiency with Microsoft Excel, PowerPoint, and data analysis tools.
  • Familiarity with risk frameworks (COSO, ISO 31000) and NCUA guidance.
  • Understanding of…