Enterprise Risk Management (ERM) Analyst II

Federal Home Loan Bank of Pittsburgh
Federal Home Loan Bank of Pittsburgh Salary
Pittsburgh, PA Full Time
POSTED ON 6/21/2024
Position Summary

The ERM Analyst II will provide continuous interaction with various business units throughout the Bank. The primary areas of focus in this dynamic position will be risk assessments, end user computing (EUC) tools, fraud, and risk reporting including the Bank’s risk appetite report (RAR).

Primary Success Factors

  • Lead/perform the functions related to the Bank’s end user computing (EUC) program including reviewing/updating policy and procedures, conducting Bankwide training, providing consulting to the business units, performing testing and second line challenging the business units, and reporting results to the business units, management committee and Board
  • Perform job duties relative to the Bank’s BSA/AML fraud program, including filing suspicious activity reports with Fincen, as well as the Bank’s suspended counterparty program. Prepare quarterly and annual reporting to the FHFA as well as management and Board committees
  • Participate in the execution of the Bankwide bottom-up risk assessment process in accordance with the Bank’s Risk Assessment Methodology; compile data and work closely with the business units; make judgement on moderate risks and controls and the associated inherent and residual risk and control ratings; facilitate discussion with the business units and communicate any concerns or issues; maintain the data within the GRC system; prepare the final comprehensive risk assessment report for review by the manager and for distribution to the business unit and the Bank’s Operational Risk Management Committee
  • Compile the Bankwide Risk Appetite Report, that is provided to various management and Board of Director committees; perform second line challenge of data
  • Participate/assist with compliance testing; document results and report exceptions
  • Research current literature to determine emerging risks and external threats in the financial services industry. Monitor and research COSO, FHFA, BASEL and other financial industry regulatory releases. Provide training on new technical literature that impacts the Bank
  • Provide high quality service to the Bank’s internal customers by being proactive in assessing information and understanding the needs of the business unit; provide guidance on and assist in the completion of risk related tasks
  • Provide an independent second line challenge to the business unit and offer insight to the conclusions being reached by the business unit; demonstrate the ability to reach conclusions and to communicate those conclusions in a professional manner to Executives in the business area along with the departmental management
  • Effectively communicate with FHFA personnel on various regulatory requests related to risk assessments, EUCs, fraud, Bankwide risk appetite report, etc.
  • Effectively communicate both orally and in writing and document the facts and conclusions on the various risk processes, including risk assessments, fraud, EUCs, etc. Written reports will be included in management and Board of Director packages

Required Experience

  • Bachelor’s degree in Finance, Accounting or Business Administration or related; MBA or related a plus
  • Three or more years of experience, preferably in the financial services industry, with an emphasis on evaluating risks and internal controls desired. Preferable fields of work would be in the risk area or Internal Audit
  • Demonstrated proficiency using Microsoft Office Suite Products, including MS Access, Excel and Word
  • Experience working in a team environment
  • Strong customer service orientation
  • Experience using various computer programs (i.e. GRC, Tableau) a benefit
  • Analytical skills
  • Excellent communication skills (verbal and written)
  • Demonstrated proficiency using Microsoft Office Suite Products, Excel and Word

Candidates with a minimum of two years’ experience may be considered for a junior level analyst role.

It is the policy of the Federal Home Loan Bank of Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran's status, ancestry, sexual orientation or status as a parent as defined by applicable law. It is the Bank's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.

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