Risk Reporting and Governance Analyst I - Veterans Sourcing Group

Manhattan, NY 10178

About the Job

As a Reporting and Governance Analyst within Financial Risk Management & Credit Analytics (FRM&CRA), you will maintain a model risk governance control environment within requirements, processes and standards that comply with Regulatory and operational risk guidelines of the Bank. Provide support and assist with model governance, project management, process control, risk systems support.

FRM&CRA resides in the Risk Management Group. RMG serves as an independent point for all risk related issues that affect the Bank's strategic & business plans and its operating & financial performance. The FRM group is responsible for the risk exposure measurement methodology, calculation, reporting and analysis. Maintain Financial Risk Governance framework and define appropriate policy standards/limits, procedures and metrics.

Overall Responsibilities:

Maintain a model risk governance control environment that is conducted within requirements, processes and standards that comply with Regulatory and operational risk guidelines of the Bank.
Establish and implement best in practice standards with respect to production reporting governance using WEBI and QLIK software solution.
Ensure establishment of Process Control: Ongoing review of all FRM processes and design and implement the following to align the Bank with the current operating environment and regulatory landscape: Solutions to problems/concerns, enhancements to current processes, development of new processes
Development, maintenance and enhancement of FRM department policies (Management and Board level), procedures, (Standard Operating Procedures) process maps and desktop procedures.
Enhance governance standards in the review and submission of all risk management system upgrades, inclusive of identifying and documenting business requirements, test plans, presentation and communication internally and externally, as appropriate.
Provide project management, oversight and submission of required model enhancements. Identify risks and deficiencies to ensure model enhancements are consistent with internal and external requirements.
Maintain and assist in developing work plan for FRM and Credit Risk Analytics to track all deliveries and projects.
Support cost center and project budgeting annually, inclusive of monthly expense processing, tracking and reforecasting.
Review and analyze all Bank risk metrics processes, desktop procedures and regulatory requirements to ensure production of reporting metrics are generated within the appropriate control environment.
Support governance officer with submission of model validations, model, and exam remediations.
Establish and implement process governing maintenance of model documentation and desktop procedures.
Inventory and centralize risk reports and work with risk teams to identify efficiencies, streamline and automation including support of ongoing EUC inventory monitoring/ maintenance and quarterly attestation and biannual system permissions.
Develop and maintain inventory of audit findings, model recommendations and exam recommendations and work cross functionally to ensure timely remediation.
Coordinate and compile FHFA annual exam submission data and ad-hoc information requests.

Skills:

General

Highly disciplined, able to work with limited supervision and make informed decisions.
Enthusiastic, accountable and self-motivated.
Knowledge of general risks, controls, regulations and related best practices.
Ability to understand and manage a control framework.
Ability to assess market risk processes (end-to-end) and prepare clear, concise reports describing current state of operating environment and control weaknesses.
Experience with market, funding and liquidity, credit/ collateral, operational, compliance, and/or strategic risks.
Basic understanding of risk measurement including Value at Risk, Duration of Equity, Market Value of Equity and understanding of individual risk models on a high level.
Ability to identify, document and implement appropriate controls.
Ability to independently review and identify related risks of internally developed end-user computing tools, department developed/supported applications, synthesize the corresponding risks and controls and recommend adjustments.

Communication/Organization

Strong written and oral communication and inter-personal skills. Ability to comfortably interact across all departments, management and staff within the organization.
Planning and organizational skills to successfully manage multiple deliverables/projects concurrently by demonstrating flexibility in prioritizing and completing tasks.
Ability to complete assignments and projects under tight deadlines and adjust seamlessly to changing deadlines and deliverables.

Technical

Strong Microsoft Office (Excel, PowerPoint and Word) and data base querying skills with functioning knowledge of SAP BI (WEBI), SQL<, and Qlik Sense a plus.

Education:

Bachelor's degree in Risk Management, Finance, Economics, or related field. Post graduate degree a plus or equivalent work experience.

Experience:

Five or more years of progressively responsible experience in the financial services industry with exposure in risk management, finance, accounting and data and process management.

Source : Veterans Sourcing Group

Overall Responsibilities:

Maintain a model risk governance control environment that is conducted within requirements, processes and standards that comply with Regulatory and operational risk guidelines of the Bank.

Establish and implement best in practice standards with respect to production reporting governance using WEBI and QLIK software solution.

Ensure establishment of Process Control: Ongoing review of all FRM processes and design and implement the following to align the Bank with the current operating environment and regulatory landscape: Solutions to problems/concerns, enhancements to current processes, development of new processes

Development, maintenance and enhancement of FRM department policies (Management and Board level), procedures, (Standard Operating Procedures) process maps and desktop procedures.

Enhance governance standards in the review and submission of all risk management system upgrades, inclusive of identifying and documenting business requirements, test plans, presentation and communication internally and externally, as appropriate.

Provide project management, oversight and submission of required model enhancements. Identify risks and deficiencies to ensure model enhancements are consistent with internal and external requirements.

Maintain and assist in developing work plan for FRM and Credit Risk Analytics to track all deliveries and projects.

Support cost center and project budgeting annually, inclusive of monthly expense processing, tracking and reforecasting.

Review and analyze all Bank risk metrics processes, desktop procedures and regulatory requirements to ensure production of reporting metrics are generated within the appropriate control environment.

Support governance officer with submission of model validations, model, and exam remediations.

Establish and implement process governing maintenance of model documentation and desktop procedures.

Inventory and centralize risk reports and work with risk teams to identify efficiencies, streamline and automation including support of ongoing EUC inventory monitoring/ maintenance and quarterly attestation and biannual system permissions.

Develop and maintain inventory of audit findings, model recommendations and exam recommendations and work cross functionally to ensure timely remediation.

Coordinate and compile FHFA annual exam submission data and ad-hoc information requests.

Skills:

General

Highly disciplined, able to work with limited supervision and make informed decisions.

Enthusiastic, accountable and self-motivated.

Knowledge of general risks, controls, regulations and related best practices.

Ability to understand and manage a control framework.

Ability to assess market risk processes (end-to-end) and prepare clear, concise reports describing current state of operating environment and control weaknesses.

Experience with market, funding and liquidity, credit/ collateral, operational, compliance, and/or strategic risks.

Basic understanding of risk measurement including Value at Risk, Duration of Equity, Market Value of Equity and understanding of individual risk models on a high level.

Ability to identify, document and implement appropriate controls.

Ability to independently review and identify related risks of internally developed end-user computing tools, department developed/supported applications, synthesize the corresponding risks and controls and recommend adjustments.

Communication/Organization

Strong written and oral communication and inter-personal skills. Ability to comfortably interact across all departments, management and staff within the organization.

Planning and organizational skills to successfully manage multiple deliverables/projects concurrently by demonstrating flexibility in prioritizing and completing tasks.

Ability to complete assignments and projects under tight deadlines and adjust seamlessly to changing deadlines and deliverables.

Technical

Strong Microsoft Office (Excel, PowerPoint and Word) and data base querying skills with functioning knowledge of SAP BI (WEBI), SQL<, and Qlik Sense a plus.

Education:

Bachelor's degree in Risk Management, Finance, Economics, or related field. Post graduate degree a plus or equivalent work experience.

Experience:

Five or more years of progressively responsible experience in the financial services industry with exposure in risk management, finance, accounting and data and process management.