What are the responsibilities and job description for the Risk Analyst I position at Provident Bank?
How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees' experience.
POSITION SUMMARY
The Risk Analyst 1 is responsible for assisting the Operational Risk Management department with the conduct of the Operational Risk Program, providing staff support in guiding the organization through the complete lifecycle of the ORM process - risk identification, analysis, measurement, monitoring, processes, procedures and reporting. The Risk Analyst 1 will be responsible for assisting in identifying potential risks that may impact the Bank's overall strategy, business operations, or safety and soundness. Under the supervision of management, this position will assist with conducting and documenting risk assessment interviews, ensuring line of business partners are communicating key risks affecting their respective operations, as well as maintaining a centralized set of records that reflects various assessments and relevant metrics demonstrating the operations of the Bank's risk management program. The individual may work in a variety of concentrations, which include and are not limited to enterprise risk; third party risk; corporate governance; compliance risk; regulatory and operational risk; information and security risk; technology risk; market and credit risk; financial; and strategic risk.
MAJOR JOB RESPONSIBILITIESSUPERVISORY RESPONSIBILITIES
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Ensure follow up is performed with contract sponsor to resolve any outstanding issues. Provide liaison with Regulators to include managing information requests, scheduling meetings, and tracking any recommendations/comments in our Open Items Tracking System until closure. |
Provides necessary ERM program updates, related analysis, and tracking of key risk indicators used to monitor the Company's exposure to its various enterprise-level risk dimensions, and prepares scheduled enterprise risk reporting requirements/presentations. |
SKILLS AND TRAINING
- Ability to manage multiple tasks, work in fast-paced environment, be results-oriented, and meet deadlines.
- The individual shows development into excellent communication skills, both written and verbal, to communicate.The individual excels in a fast paced and constantly changing environment.The individual also looks to develop a working understanding of risk identification, assessment and mitigation techniques and approaches to enable success and effectiveness.
- Inquisitive nature, resourceful, energetic and positive outlook.
- Basic knowledge of banking regulations, enterprise risk management and internal control standards (e.g. COSO ERM framework).
- Developing the traits of a conceptual thinker showing a building aptitude to analyze complex problems that include interrelationships and dependencies in order to identify common themes and solutions.
- Project-based team lead where selectively assigned.
EDUCATION
- BA/BS in Business Administration, Finance and Accounting. Additional work experience may be considered.
WORK EXPERIENCE
- 1-3 years of professional experience in risk management, financial services, business consulting, financial planning and analysis, or other.
LICENSES AND/OR CERTIFICATES
- None required.
WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate.
Feature Benefits
- Medical/Dental/Vision Insurance
- Flexible Savings Account
- 401(k)
- Tuition Disbursement and Reimbursement
- College Loan Pay Down Program
- and other great benefits
HAZARDS
The hazards are mainly those present in a normal office setting.
This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
Equal Opportunity Employer of Minorities, Females, Protected Veterans, Individuals with Disabilities and LGBT.
