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Rockland Trust · 3 months ago

Enterprise Risk Oversight Analyst

Norwood, MA, United States

Full-time

Onsite

Mid Level

$90K/yr - $100K/yr

3+ years exp

Rockland Trust is a financial institution seeking an Enterprise Risk Oversight Analyst to provide analytical and program management support for Risk Appetite reporting and oversight of key financial risks. The role involves risk analysis, monitoring, and ensuring sustainable risk management practices in line with the Enterprise Risk Management Framework.

Payments

Responsibilities

Supporting the quarterly execution, and assisting in the maturity, of Risk Appetite reporting across all risk domains, presented to Senior Management and the Board of Directors

Maintaining, analyzing and validating existing and development of new risk appetite metrics and KRIs in risk management reporting. Establishing certification and further enhancements to the annual review processes related to risk appetite metrics

Identifying, monitoring and providing effective challenge for 1st line activities and operating procedures to ensure proper governance and control are aligned with Rockland Trust’s Risk Appetite, ERM Framework and within Regulatory Guidance

Analyzing and monitoring emerging risks including current trends/industry risk events, future developments, significant changes to economic conditions, governmental policies and regulations that impact the Bank’s risk management practices

Working with the Enterprise Risk Strategist and Reporting Manager and Financial Risk Oversight Officer to ensure the proper identification, measurement, monitoring and reporting of liquidity risk, market and interest rate risk, and credit risk

Assisting with the annual risk assessments and analysis of the applicable financial risk domains. Coordinating with the 1st line Treasury and Credit Risk functions to review functional processes, conduct risk assessments, provide effective challenge, and advise on risk oversight and risk management framework and policy questions

Ensuring the integration of Rockland Trust’s ERM Framework throughout the Bank’s liquidity, market and interest rate, and credit risk management activities. Continuing to refine and improve the 2nd line risk infrastructure to ensure that risk management practices are keeping pace as the organization grows and evolves

Participating in the Risk and Control Self-Assessment (RCSA) process and assisting with development and maintenance of the risk and control library for applicable financial risks

Maintaining knowledge of Regulatory Guidance related to liquidity, market and interest rate, and credit risk management practices, which includes analyzing and reporting on the impact of any proposed regulatory changes affecting these financial risks

Assisting the Model Risk Management team by assessing the reasonableness and validity of the scenarios and assumptions used in financial models (e.g. shifts, slopes, and twists in the yield curve, asset betas, deposit betas, prepayment rates, default probabilities, loss given default, etc.) and assisting with oversight of model change management and the ongoing performance of financial models, as appropriate

Assisting the TPRM team, as a designated subject matter expert, with financial viability assessments for vendors, including review of audited financial statements, 10Q, 10K or other appropriate financial documents

Monitoring risk events and working with appropriate stakeholders to define root cause and support remediation plan actions, including operational risk incidents and issues related to financial risks

Preparing periodic reports for the Risk Committee of the Board, Enterprise Risk Management Committee and other risk management committees, and presenting and participating in discussions, as appropriate

Qualification

Risk ManagementFinancial Risk AnalysisRegulatory KnowledgeEnterprise Risk ManagementCommunication SkillsAnalytical SkillsTeam CollaborationProblem Solving

Required

Bachelor's degree required

3-5 years performing second line risk oversight activities in an Enterprise Risk Management function at a financial institution or working within financial risk areas, such as a first line Treasury/ALM or Credit Risk function

Knowledge of the banking industry and Regulatory Guidelines as they relate to risk management, liquidity, market and interest rate, and/or credit risk practices

Excellent verbal and written communication skills

Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally