Overview Support the growth and administration of the Operational Risk Management (ORM) program at the enterprise level (second line of defense), including implementing and improving the corporate framework used to identify, analyze, measure and monitor business operational risks (role also may expand to incorporate enhancing the framework to address financial risks). Drive consistent use of the ORM framework by leading risk assessors through process mapping, risk and control identification, risk rating, control assessment and testing and risk reporting, and monitoring progress of risk mitigation plans. Lead or participate in ad hoc projects as neededResponsibilities
Assist with the development of an enterprise framework for management of operational risk including identification, analysis, measurement, control, monitoring, and reporting of risk
Execute ORM framework through full cycle development, implementation, and use Lead risk and control self-assessment (RCSA) processes to support consistency of risk owners' approach throughout the enterprise
Analyze results of operational risk assessments, engage in effective challenges, and recommend/pursue follow-up as warranted
Monitor mitigation and remediation efforts on control deficiencies to ensure appropriate and/or agreed upon corrections
Act as ORM liaison to multiple business units; provide advice and guidance to risk owners and subject matter experts through the lifecycle of operational risk assessments
Provide thought leadership and contribute to the development of dashboards, scorecards, and reports to support management and the executive team in its evaluation of enterprise risk
Support the Senior Vice President and Vice Presidents of Enterprise Risk by providing information for internal working groups, committees and other forums as needed
Assist with the development of policies, procedures, documentation, and training materials related to operational risk management
Contribute to the development of the enterprise's GRC system and assist with the buildout of the system's capabilities
Develop strong collaborative relationships with team members, management, key stakeholders and/or external contacts (vendors, etc.)
Stay abreast of applicable federal, state and industry laws, regulations, and guidelines.
Perform other duties as assigned
Qualifications
Strong knowledge of banking/financial industry standards and practices.
Ability to understand, analyze and interpret government and financial industry regulations, related principles and practices, and company procedures and policies.
Minimum of 5-7 years of hands-on experience with operational risk assessments at a large financial institution.
Experience with developing business scenarios and providing effective challenges to underlying assumptions.
Proven ability to manage multiple priorities independently and/or in a team environment to achieve goals.
Proven ability to influence, instruct and build consensus with internal and external business partners and stakeholders.
Strong research, analytical and problem-solving skills.
Strong verbal and written communication skills, with the ability to convey findings, conclusions, and recommendations clearly and concisely.
Strong organizational, planning and time management skills.
Intermediate-level word processing and spreadsheet software skills
Bachelor's Degree in business administration, economics, statistics or mathematics, or equivalent combination of training, education, and experience.
Desired Qualifications
Experience with consumer lending or deposit-taking businesses, information technology/security, payment processing or digital banking activities at a financial institution
Experience using a well-known GRC system
Working knowledge of SAS, SQL, SPSS, Tableau or other data analysis or visualization tools
Master's degree in business administration, economics, statistics, mathematics or equivalent combination of training, education, and experience
Hours: Monday - Friday, 8:00AM - 4:30PMLocations: 820 Follin Ln, Vienna, VA 22180 | 5550 Heritage Oaks Dr, Pensacola, FL 32526About Us You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it: Military Times 2022 Best for Vets Employers WayUp Top 100 Internship Programs Forbes® 2022 The Best Employers for New Grads Fortune Best Workplaces for Women Fortune 100 Best Companies to Work For® Computerworld® Best Places to Work in IT Ripplematch Campus Forward Award - Excellence in Early Career Hiring Fortune Best Place to Work for Financial and Insurance ServicesEqual Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityDisclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.REQNUMBER: 17070-OTHLOC-300000025810540