If you're looking for a career change or you're in search of talent...

Explore New Job Opportunities Here

First Line Risk Sr Analyst

Citizens Bank

Citizens Bank

IT
United States
Posted on Tuesday, July 2, 2024

Job Description

In this role at Citizens, you’ll experience new things, create new opportunities, think beyond your role, and make an impact. As the First Line Risk Sr Analyst, you will partner with the Risk Managers, executing the control monitoring program for multiple complex lines of business and/or products. You will be expected to work within established timelines to deliver control self testing and key risk indicator monitoring, which are critical to determining control environment effectiveness. Additionally, you will be responsible for assessing material controls, as well as monitoring and evaluating proper escalation procedures in place to ensure compliance with key rules and regulations. You will be responsible for keeping the Risk Manager apprised of testing progress and providing your opinion on control effectiveness results including analysis of themes and findings. Most importantly, you’ll feel valued for who you are and supported to achieve what’s important to you, personally and professionally!

Primary responsibilities include:

  • The Sr Risk Analyst will be responsible for recommending an assessment of the controls performance based on analysis. The Sr Risk Analyst will assist in the training and development of peers.
  • Partner with the Risk Managers, execute the control monitoring program for multiple complex lines of business and/or products.
  • Work within established timelines to deliver control self testing and key risk indicator monitoring, which are critical to determining control environment effectiveness.
  • Assess material controls, monitor and evaluate proper escalation procedures are in place to ensure compliance with key rules and regulations. Input control monitoring results into the system of record. Keep Risk Manager apprised of testing progress, provide an opinion on control effectiveness results including analysis of themes and findings.
  • Collect the outputs of control monitoring results for management’s use and perform ad hoc reporting, data analysis and data extractions for various analytical purposes such as trend analysis or response to management or regulatory requests.
  • Analyze results that summarizes key issues and recommended actions to present findings for business line management.
  • Participate in the Risk and Control Self Assessment (RCSA) process, creation and validation of process maps which reflect key business line processes and related controls. Based on RCSA output, partner with subject matter experts to create new tests, refresh existing assessments, retire assessments and develop Key Control Metric (KCM), Key Risk Metric (KRM) &/or Key Risk Indicator (KRI) based on areas of material risks.
  • Conduct testing and determine if enhanced controls are effective to support issue closure.
  • Role will act as a technical expert in support of one or more critical business products and/or processes. As part, will be the primary point of contact for the topic and responsible for providing knowledge, expertise, and support to the First line units. Responsible for supporting other business line related activities.

Required Skills/Experience

  • 2-3 years' experience in a risk management and testing environment.
  • Basic knowledge of business areas processes and/or products and operations; regulatory requirements; process mapping of key business processes and identify risks/requirements and controls associated.
  • Proven ability to work in a fast-paced environment with competing priorities
  • Excellent communication skills, both written and verbal
  • Ability to build relationships across all levels and with the ability to collaborate effectively, take the initiative and work as part of the team
  • Proficient use of Microsoft suite of products and Atlassian tools (JIRA/Confluence)

Preferred Skills/Experience

  • Understanding of internal testing best practices & methodologies (e.g. OCC Comptroller’s Handbook on Internal Controls, FINRA 3120 Supervisory Control System)
  • Experience with statistical analysis and trending of testing metrics
  • Proficient use of Salesforce, Alteryx and Tableau
  • Proficient use of Microsoft suite of products and Atlassian tools (JIRA/Confluence)

Education, Certifications and/or Other Professional Credentials

  • Bachelor's Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience.

Hours & Work Schedule 3 days in the office: Hybrid 3 days in the office, 2 remote

  • Hours per Week: 40
  • Work Schedule: Monday - Friday