Overview
Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial or operational risk and may provide advice to management based on this knowledge base. Typically requires an individual to have a professional qualification in one or more areas of risk management or its equivalent. Work under minimal supervision and use complete understanding of business needs and objectives to support projects that have an impact on the achievement of operational goals. Advanced skill set and proficiency with procedures and techniques.
Responsibilities
* Plan the research for and development of specialized risk assessment scopes.
* Collaborate with management and personnel to optimize risk assessment scope development.
* Identify potential business risks, operational and regulatory process deficiencies, and improvement opportunities.
* Gather and synthesize data; present conclusions and offer risk mitigation, remediation, and process improvement solutions to management.
* Lead/conduct and assist in providing expertise in the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies, and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal’s quality control standards, policies, and procedures.
* Develop, lead, and oversee efforts to improve the efficiency and effectiveness of operations and risk mitigation processes.
* Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions.
* Assist with the development and enhancement of the TPRM program methodology, framework, metrics, reporting, and other risk-taking activities.
* Promote TPRM framework adherence in the first line through collaboration with vendor relationship owners in their vendor oversight plan development and management, third-party issue management, and vendor risk assessment activities.
* Ensure accurate and timely delivery of TPRM support tasks.
Qualifications
* 5-7 years of experience in risk management or related methodologies.
* Complete knowledge and understanding of business area/specialization.
* Advanced knowledge and understanding of risk-based auditing techniques and methodologies.
* Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices.
* Experience with managing multi-faceted projects simultaneously that have cross-departmental impact.
* Advanced knowledge of operational and regulatory risk control concepts and practices.
* Proven ability to plan, organize, and effectively execute risk mitigation and process improvement initiatives.
* Advanced organizational, planning, and time management skills.
* Advanced research and analytical skills.
* Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education, and experience.
Desired Qualifications
* Master’s Degree in a related field or equivalent combination of training, education, and experience.
Hours: Monday - Friday, 8:00 AM - 4:30 PM
Locations: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged, and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
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* Forbes 2024 America's Best Large Employers
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* Fortune 100 Best Companies to Work For 2024
* Military Times 2023 Best for Vets Employers
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* Ripplematch Campus Forward Award - Excellence in Early Career Hiring
* Yello and WayUp Top 100 Internship Programs
Equal 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
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: 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 position.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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