Fraud Risk Analyst jobs in Jackson, MS

Overview

As a member of the Non-Financial Risk Management (NFRM) function, this position will be a part of an independent group assigned with reviews and testing of key elements of the NFRM Program. These reviews include monitoring of work done by the first and second lines of defense for compliance with Policy and Regulatory requirements. This work will include Third Party Risk Management, Operational Risk Management, and other risks as needed.

For Third Party Risk Assurance, the reviews include an end-to-end review of the program to include responsibilities of the first line service owners, Sourcing, Legal, the Centralized Third-Party Management Office and TPRM. The reviews will also include responsibilities of all parties involved in the Third-Party Risk Management (TPRM) life cycle.

The work will include validating that all documents are in Aravo to provide a workpaper trail that evidences the various components of the TPRM Program. As an independent function, the unit will provide effective challenge of vendor risk ratings.

Responsibilities

• Assist in the development of the NFRM Quality Assurance Framework and Procedures to include risk assessment and Quality Assurance planning processes.
• Assist in the development of ongoing reporting and escalation routines to the Chief Risk Officer (CRO) and Director of Non-Financial Risk Management
• Assist in end-to-end review of the program to include responsibilities of the first line service owners, Sourcing, Legal, the Centralized Third-Party Management Office and TPRM.
• Review of first and second line of TPRM and reporting on the conclusions of those reviews.
• Review of first- and second-line responsibilities related to Operational Risk Management (ORM) and reporting on the conclusions of those reviews.
• Review of all parties included in the TPRM life cycle (Compliance, Information Security, Information Technology, Business Continuity, Strategic Sourcing, Legal).
• Participate in the oversight routines of the TPRM and ORM Transformation Plans.
• Review of methods of measurement and risk indicators that have been determined related to the management of non-financial risks for reporting accuracy.
• Report on the accuracy of policy exceptions and policy violations.
• Perform additional duties as assigned

Qualifications

• Bachelor’s degree in business, Accounting, or related fields or equivalent work experience
• Minimum Five (5) or more years’ risk management experience in banking or related field of experience combined
• Minimum 2 years’ experience in either Operational Risk Management or Third-Party Risk Management
• Working knowledge of Regulatory guidance around Operational Risk and/or Third-Party Risk
• Working knowledge of SOX, Bank Compliance, Bank Secrecy Act, and other Regulatory compliance issues
• Advanced knowledge of Financial Institution Industry
• Advanced analytical skills
• Advanced verbal and written communication skills
• Excellent interpersonal skills to interact with all levels of management
• Advanced knowledge of Microsoft applications including Excel, Word, and PowerPoint (able to pass the assessment)
•  MBA or equivalent experience preferred
• Experience in Enterprise Risk Management or other risk positions preferred
• Industry related professional certifications preferred
• Knowledge of regulatory guidance around Model Risk Management preferred
• Experience working with C-Suite Executives preferred
• Experience in change management preferred 

Physical Requirements/Working Conditions:  Must be able to sit for long periods of time and use computer keyboard/or mouse, while viewing computer screens.

Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.