Model Risk Governance Analyst III

Company: Navy Federal Credit Union
Location: Pensacola
Posted on: September 11, 2023

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