Senior Risk Analyst -Enterprise Risk Management

Company: Bank Iowa Corporation
Location: West Des Moines
Posted on: January 19, 2023

Job Description:

Description: Responsible for supporting the bank's Enterprise Risk Management (ERM) and Vendor Management programs which include reviewing policies and procedures and coordinating appropriate identification, measurement, monitoring, controls, and reporting. Works closely with all business lines to ensure appropriate risk identification and mitigation within these programs. Administrator for bank's Enterprise Risk Management and Vendor Management software and handles day-to-day functions.Essential FunctionsCore ResponsibilitiesEnterprise Risk Management

• Support an effective Enterprise Risk Management program that is in alignment with industry best practices, regulatory guidance, and banking requirements.
• Develop, implement, administer, and enhance Enterprise Risk Management software to ensure appropriate parameters and tracking are in place and a solid framework developed.
• Operate within the bank's defined risk appetite to achieve results by consistently identifying, assessing, managing, monitoring, and reporting bank risks of all types.
• Monitor and test bank product, service, and process changes to ensure risk assessments are updated and financial risk considered and mitigated with appropriate controls.
• Implement risk assessment processes, issues tracking, and measurement of and trend analysis of key risk indicators and key performance indicators.
• Develop necessary reporting and ensure training for business line leaders, senior leaders, and the board of directors so there is a clear understanding of risk levels.
• Schedule and coordinate Risk Management Committee meetings by developing the agenda, finalizing meeting minutes, and responding to action items designated by the Committee.
• Assist in tracking and following up on regulatory and risk management findings and determine impact to risk assessments.Vendor Management
  • Support an effective Vendor Management program that is in alignment with industry best practices, regulatory guidance, and banking requirements.
  • Develop, implement, administer, and enhance Vendor Management software to ensure appropriate parameters and tracking are in place and a solid framework developed.
  • Schedule and coordinate Vendor Management Committee meetings by developing the agenda, finalizing meeting minutes, and responding to action items designated by the Committee.
  • Manage the bank's vendor life-cycle phases from planning, onboarding, ongoing monitoring, risk assessments reviews, oversight monitoring, and termination activities.
  • Ensure collaboration with business owners and other stakeholders to make certain vendor risks are properly identified and controls in place to mitigate risk and minimize financial, regulatory, and reputational exposure.General Responsibilities
    • Collaborate regularly with the Compliance & Risk Director to ensure expectations for Enterprise Risk Management & Vendor Management programs are being met.
    • Be responsible and accountable for risk by openly exchanging ideas and opinions and elevating concerns to the Compliance & Risk Director.
    • Lead projects that enhance Enterprise Risk and Vendor Management processes and promote an understanding of these risk programs. Serve as a subject matter expert within bank working groups and on bank committees.
    • Gather documentation and information requested by auditors and regulatory examiners regarding the bank's Enterprise Risk Management or Vendor Management Programs.
    • Understand and comply with banking regulations by following bank policies and procedures. Stay abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure risks are appropriately considered.
    • Protect the privacy and confidentiality of customers, other employees, and work by handling confidential information appropriately.
    • Lead special projects as assigned by the Compliance & Risk Director. Requirements: Required Education & Experience
      • Bachelor's Degree or equivalent educational/work experience
      • At least 7 years experience working directly in bank compliance or risk management
      • Knowledge of federal and state regulations
      • Certified Enterprise Risk Professional (CERP) designation, or ability to obtain certification.Additional Qualifications Include
        • Ability to exhibit our values; Think Big, Be People-Centered, Enable Great Things, and Bring your Best
        • Must be detail and goal oriented.
        • Possess sound judgment and ability to apply critical thinking when approaching work or making recommendations for solutions.
        • Ability to learn through independent research and study
        • Ability to organize and prioritize work to meet deadlines
        • Experience with financial institution software systems
        • Proficient with Microsoft Office applicationsHours of Work & Travel
          • Full Time, regular employment
          • Monday thru Friday, regular business hours
          • In-state travel may be required to conduct compliance training
          • Travel may be required to attend seminars, conferences, and schools to stay current with regulatory requirementsAbout Bank IowaAt Bank Iowa our purpose is to Empower People, Inspire Success and Foster Growth. With more than $1.7 billion in assets, Bank Iowa ranks as one of the leading independent Ag banks and the second-largest family-owned bank in the state. Our bank family consists of team members, farmers, families and businesses throughout Iowa who we serve in our 26 locations. With an ongoing commitment to community banking Bank Iowa aspires to be the bank of choice for our clients, the career of choice for our team members, a center of influence in our communities, and a point of pride for our family owners.While our purpose is our why behind all that we do, our values allow us to fulfill our purpose. At Bank Iowa we strive to Be People-Centered in everything we do. We encourage our team members to Think Big beyond the immediate answer and to be creative and innovative. Team members throughout Bank Iowa Enable Great Things by taking ownership and going above and beyond. Last, we inspire all team members to Bring Your Best each and every day.What we Offer
            • A competitive financial package we want you to bring your best so in addition to your compensation, every team member receives a bonus opportunity, a generous 401k match, and discretionary profit sharing.
            • Robust benefits and wellness - we are proud to offer health, dental and vision insurance as well as a wellness program designed to help drive down your premiums. Our wellness initiatives promote positive change and allows our team members to think big.
            • Blending work and life - As a people-centered organization, each team member is given a generous PTO bank. In addition to PTO based on years of service and work status, Bank Iowa team members receive 11 paid observed holidays, up to 12 weeks of parental leave, an opportunity for a sabbatical leave, generous bereavement, and an employee assistance program to support team members throughout various stages in their lives.
            • Continued learning opportunities - Bank Iowa enables great things and supports team member development at every stage of your career. Our development approach focuses on your innate talents and developing those into areas of strengths. Learning experiences are available in formal & informal training settings, as well, on-the-job training. Development programs are available in-person and online. Our tuition reimbursement program is available to support formal education programs.
            • Community Involvement - Our team members are active members of their communities and people-centered. Bank Iowa aspires to be a center of influence in each of the 24 communities we are located in. In addition to company-sponsored volunteer opportunities, we offer volunteer time off (VTO), which allows team members to give their time to organizations they care about, without having to use PTO.
            • Recognition - Bank Iowa is proud of our team members who Live our Values. Our peer nominated recognition program presents team members who Live our Values on an annual basis.Bank Iowa provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.
              
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Keywords: Bank Iowa Corporation, West Des Moines , Senior Risk Analyst -Enterprise Risk Management, Executive , West Des Moines, Iowa