Overview
Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial, or operational, risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Conduct routine work assignments of limited scope and complexity under close supervision. Entry level professional with developing skill set and a basic understanding of procedures and techniques.
Responsibilities
Plan the research for and development of specialized risk assessment scopes
Collaborate with management and personnel to optimize risk assessment scope development
Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities
Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
Lead/conduct and provide expertise with the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal's quality control standards, policies and procedures
Make recommendations for additional controls and corrective action to improve the efficiency and effectiveness of operations and risk mitigation processes
Perform periodic reviews of existing regulatory policies, procedures, and exam guidance, and implement necessary updates to business unit processes and procedures as needed
Develops, recommends, and documents adjustments to workflow to streamline processes.
Analyze information, requirements, data, work quality, work methods, processes, service specific practices, standards and metrics/statistics
Manage and conduct research and analysis to determine any downstream impacts of new regulatory guidance, practices, and expectations; make recommendations for changes to Business Unit processes based on analysis
Qualifications
College/university degree or 1-2 years of experience in risk management fundamentals, analytics, financial industry, quality assessment and monitoring
Understanding of risk-based auditing techniques and methodologies
Understanding of applicable federal and state regulations, company policies, and industry best practices
Basic project management skills
Exposure to operational and regulatory risk controls concepts and practices
Familiarity with how to organize and effectively execute risk mitigation and process improvement initiatives
Understanding of risk-based auditing techniques and methodologies
Understanding of applicable federal and state regulations, company policies, and industry best practices
Basic project management skills
Exposure to operational and regulatory risk controls concepts and practices
Familiarity with how to organize and effectively execute risk mitigation and process improvement initiatives
Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Desired Qualifications
Master's Degree in related field or equivalent combination of training, education and experience
Experience using data and analytic tools such as: Power BI, Databricks, SQL, Python, R, or Tableau
Good communication and presentation skills
Comfort working with large datasets and telling stories with data
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA Heritage Oaks Dr. Pensacola, FL Security Dr. Winchester, VA Willow Creek Road San Diego, CA 92131
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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• Yello and WayUp Top 100 Internship Programs
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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
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.
Date Posted: 10 April 2025
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