Model Governance Operational Risk Analyst III

Navy Federal Credit Union

4.8

(226)

Vienna, VA

Why you should apply for a job to Navy Federal Credit Union:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 in overall job satisfaction
  • 4.8/5 in supportive management
  • 96% say women are treated fairly and equally to men
  • 96% would recommend this company to other women
  • 96% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Professional development and training opportunities to help employees grow in their careers and the life they want to lead
  • Best-in-class benefits with generous vacation, paid maternity/paternity leave, retirement plans, tuition reimbursement, discounts and more
  • Unique culture where team members are passionate about the mission which creates clarity, alignment and purpose
  • #16851

    Position summary

    nd controls, enhance control language, and validate that controls are being performed in compliance with the system of controls, relevant policies, standards, procedures, and other requirements to mitigate operational risks to our modeling efforts

    • Support the execution of front line controls, self-assurance, and risk assessment activities such as controls reviews, business process management analysis, RCSAs, independent risk assessment, and audit activities as directed

    • Support the Model Risk Management (MRM) team's validation efforts and satisfy their reporting requirements for inventories, issues management, and performance.

    • Provide ongoing assessment of Quantative Modeling's risk and controls profile through regular monitoring and status reporting of risks, issues, events and initiatives within core processes

    • Support iterative MRM validation and challenge efforts, working with appropriate stakeholders across the lines of defense

    • Perform and facilitate the collection, review and assimilation of RCSA assessment data and reporting into concise and meaningful reports

    • Assess exposure to risk, measure operational risk against ERM frameworks, assist in establishing policies and procedures to minimize risk, identify ways to protect the organization risks arising from operations

    • Coordinate efforts with Lending Operational Risk functions to maintain control effectiveness and residual risk ratings

    • Support implementation for change management needs related to controls with appropriate personnel within the team and/or across team lines

    • Maintain procedures, templates, guides, training material, and model risk policies for the internal controls system

    • Monitor and oversee the progress of risk assessments, model validations, controls monitoring; respond to and support remediation efforts for findings or issues

    • Assist with operational risk event remediation efforts when needed

    • Serve as a subject matter expert with internal and external auditors (e.g., MRM, NCUA, CFPB, and contracted third parties) to address and resolve audit questions and findings relative to core process risk and controls management

    • Perform the testing of control design and the testing of control effectiveness

    • Identify areas of improvement in existing process, methodology, and policies. Identify gaps and recommend enhancements.

    • Drive adoption and enforce best practices in report, templates, methodologies, and tools with the business process owners and team members

    • Coordinate required meetings, reviews and scheduling needs

    • Perform other duties as assigned

    Qualifications

    • Bachelor's degree in Economics, Mathematics, Computer Science, Statistics, Accounting, Auditing, Law or related field or equivalent combination of training, education and experience

    • Working knowledge and understanding of risk-based auditing techniques and methodologies

    • Working knowledge of operational risk and controls, internal controls concepts and practices and/or specific model risk frameworks

    • Proven experience working within cross-functional, multi-dimensional teams and projects of complexity which have significant business risk and impact

    • Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives

    • Advanced organizational, planning and time management skills in order to effectively manage competing priorities in a fast paced and dynamic environment

    • Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies

    • Ability to work independently and in a team environment

    • Effective analytical and complex thinking skills to include summarizing information and clearly identifying key elements, patterns, results and relationships

    • Advanced skill building effective relationships through rapport, trust, diplomacy, and tact

    • Advanced skill to influence, negotiate, persuade, and build consensus to reach agreeable exchange & positive outcomes with business partners

    • Extensive experience in working with all levels of staff, management, stakeholders, vendors

    Desired Qualifications

    • Working knowledge of Navy Federal's products, services, programs, policies and procedures

    • CPA, CIA, CFA, CRCM, PMP, NCCO, NCRM, CRMA

    • Advanced knowledge of state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products/services

    Hours: Monday - Friday, 8:00AM - 4:30PM

    Location: 820 Follin Ln, Vienna, VA 22180 | 5550 Heritage Oaks Dr, Pensacola, FL 32526

    About 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 Services

    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 EOE/AA/M/F/Veteran/Disability

    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.

    Why you should apply for a job to Navy Federal Credit Union:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 in overall job satisfaction
  • 4.8/5 in supportive management
  • 96% say women are treated fairly and equally to men
  • 96% would recommend this company to other women
  • 96% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Professional development and training opportunities to help employees grow in their careers and the life they want to lead
  • Best-in-class benefits with generous vacation, paid maternity/paternity leave, retirement plans, tuition reimbursement, discounts and more
  • Unique culture where team members are passionate about the mission which creates clarity, alignment and purpose