Model Risk Governance Analyst III
Company: Navy Federal Credit Union
Location: Pensacola
Posted on: September 11, 2023
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Job Description:
Overview
To support Navy Federal Credit Union's (NFCU's) Quantitative
Modeling team in effectively managing the 1st Line of Defense
internal control environment. In collaboration with business
process owners, proactively build and maintain risk and control
matrices to identify, assess, monitor, update and report out
operational control monitoring results. This role includes
effective partnerships with risk partners and process owners within
Quantitative Modeling and throughout the enterprise's three Lines
of Defense. Partner with business process owners on control testing
and issue and event management results and efforts.
Responsibilities
Lead risk team activities in efficient execution of the internal
controls program within the department, identify areas of risk,
evaluate effectiveness of controls, present mitigation
opportunities and business solutions, and ensure alignment with
enterprise frameworks and with industry best practices
Partner with business unit stakeholders to translate control
deficiencies into action plans and provide recommendations to
enhance governance practices
Develop and oversee project plans, teams, and roadmaps that outline
preventative and corrective actions necessary to remediate control
deficiencies, maximizing effectiveness, and mitigating future
exposure
Leverage individual research and relationships with various subject
matter experts to drive controls effectiveness
Responsible for controls effectiveness metrics enhancement to
identify performance, risk trends, and best practices to cultivate
a best-in-class emerging industry internal controls program
Serve as subject matter expert regarding controls, business
functions, systems, policies and/or procedures
Advise and assist in facilitating controls effectiveness reporting
with senior leadership and key stakeholders, drive meaningful
conversation, identify outcomes and actions, and ensure follow-up
for those actions with risk decision makers and performers
Support the Model Risk Management (MRM) team's iterative validation
and challenge efforts and satisfy their reporting requirements for
inventories, issues management, and performance.
Maintain procedures, templates, guides, training material, and
model risk policies for the internal controls system
Develop program enhancements to identify critical areas to monitor
and escalate issues and findings to appropriate stakeholders and
governance committees
Build and maintain relationships with team members, management, key
stakeholders, and external contacts/vendors
Stay abreast of and ensure compliance with applicable laws,
regulations and guidelines
Mentor junior team members and oversee key responsibilities
Perform other duties as assigned
Qualifications
Bachelor's degree in Business Administration, Finance, Accounting,
Auditing, or the equivalent combination of education, training, and
experience
Working knowledge and understanding of risk-based auditing
techniques and methodologies
Working knowledge of operational risk and controls, internal
controls concepts and practices and/or specific model risk
frameworks
Proven experience working within cross-functional,
multi-dimensional teams and projects of high complexity which have
significant business risk and impact
Working knowledge of operational and regulatory risks and controls,
including risk management techniques, methodologies, and
systems
Advanced skill in project management to include establishing and
leading project teams; managing timelines/deadlines/resources; and
ensuring successful project implementation in order to effectively
manage competing priorities in a fast paced and dynamic
environment
Experience assimilating technical, complex financial, and economic
data; proficient in data analysis, reporting, auditing, and
operations research
Expert analytical/quantitative, reconciliation, and deductive
reasoning skills
Effective skill in building strategic and execution-focused plans
and alliances with stakeholders and leaders
Ability to comprehend, analyze, interpret, communicate and apply
government and financial industry regulations related principles
and practices, and company instructions, procedures and
policies
Working knowledge of organizational change management principles
and practices
Advanced communication and presentation skills; ability to persuade
and influence; communicate complex information in an easily
understandable manner
Strong problem solving and decision-making skills and the ability
to work independently
Advanced skill exercising initiative and using good judgment to
make sound decisions
Advanced word processing and spreadsheet software skills
Advanced skill building effective relationships through rapport,
trust, diplomacy, and tact
Advanced skill to influence, negotiate, persuade, and build
consensus to reach agreeable exchange & positive outcomes with
business partners
Extensive experience in working with all levels of staff,
management, stakeholders, vendors
Desired Qualifications
Working knowledge of Navy Federal's products, services, programs,
policies and procedures
CPA, CIA, CFA, CRCM, PMP, NCCO, NCRM, CRMA
Experience with credit union financials and/or NCUA regulations
Advanced knowledge of Navy Federal's functions, philosophy,
operations and organizational objectives
Hours: Monday - Friday, 8:00AM - 4:30PM
Location: 820 Follin Ln, Vienna, VA Heritage Oaks Dr, Pensacola, FL
32526
Navy Federal is now hybrid! Our standard enterprise requirement for
a hybrid schedule is to report onsite 4-16 days each month. The
number of days reporting onsite will ultimately be determined by
the employee's leadership and business unit needs. You will learn
more throughout the hiring and onboarding process
About Us
You have goals, dreams, hobbies, and things you're passionate
about-what's important to you is important to us. We're looking for
people who not only want to do meaningful, challenging work, keep
their skills sharp and move ahead, but who also take time for the
things that matter to them-friends, family, and passions. And we're
looking for team members who are passionate about our
mission-making a difference in military members' and their
families' lives. Together, we can make it happen. Don't take our
word for it:
--- Military Times 2022 Best for Vets Employers
--- WayUp Top 100 Internship Programs
--- Forbes 2022 The Best Employers for New Grads
--- Fortune Best Workplaces for Women
--- Fortune 100 Best Companies to Work For
--- Computerworld Best Places to Work in IT
--- Ripplematch Campus Forward Award - Excellence in Early Career
Hiring
--- Fortune Best Place to Work for Financial and Insurance
Services
Equal Employment Opportunity: Navy Federal values, celebrates, and
enacts diversity in the workplace. Navy Federal takes affirmative
action to employ and advance in employment qualified individuals
with disabilities, disabled veterans, Armed Forces service medal
veterans, recently separated veterans, and other protected
veterans. EOE/AA/M/F/Veteran/Disability
EOE/AA/M/F/Veteran/Disability
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.
Keywords: Navy Federal Credit Union, Pensacola , Model Risk Governance Analyst III, Professions , Pensacola, Florida
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