Empower Federal Credit Union · 2 weeks ago
Enterprise Risk Management (ERM) Analyst (Hybrid in Syracuse, NY)
Syracuse, NY
Full-time
Hybrid
Mid Level
$76K/yr - $114K/yr
3+ years expEmpower Federal Credit Union is dedicated to positively impacting members by providing affordable financial services. The Enterprise Risk Management (ERM) Analyst supports the ERM program by identifying, assessing, monitoring, and reporting risks, while working closely with business units to document processes and evaluate controls.
BankingFinanceFinancial ServicesNon Profit
Responsibilities
Assist in identifying emerging risks across Empower FCU and its CUSO relationships
Support annual and ongoing risk assessments, including operational, strategic, financial, compliance, cybersecurity, and third-party risks
Evaluate risks in accordance with NCUA, CFPB, and other applicable regulatory expectations
Gather and analyze risk information from business units and CUSO partners
Maintain and update the enterprise risk register, including CUSO related risks and third party oversight documentation
Prepare risk dashboards, heat maps, and reports for senior leadership, Board committees, and regulatory examinations
Track remediation activities and follow up with business units to ensure timely completion
Support reporting aligned with NCUA’s supervisory priorities and internal governance requirements
Document business processes, internal controls, and risk mitigation strategies across credit union operations
Review and validate control effectiveness, identifying gaps or improvement opportunities
Support internal audits, NCUA examinations, and compliance reviews
Assist in documenting and monitoring CUSO oversight processes, including due diligence and ongoing monitoring
Assist in developing and enhancing ERM policies, procedures, and frameworks tailored to credit union operations
Participate in ERM initiatives such as scenario analysis, business continuity planning, and risk workshops
Support risk culture development and training across Empower FCU and relevant CUSO partners
Contribute to the enhancement of third-party risk management practices
Analyze risk data to identify trends, patterns, and emerging issues
Maintain ERM systems of record and ensure data accuracy and completeness
Support enhancements to risk dashboards, reporting tools, and automated risk workflows
Perform all other duties as assigned
Qualification
Required
3 to 5 years of experience in risk management, compliance, audit, financial services, or a related analytical role
Experience in a credit union, bank, CUSO, or other regulated financial institution strongly preferred
Familiarity with NCUA regulations, credit union operations, and third party/CUSO oversight is beneficial
Bachelor's degree in Business, Finance, Risk Management, Accounting, Economics, or a related field preferred
Strong analytical and critical thinking abilities
Excellent written and verbal communication skills
High attention to detail and strong organizational skills
Ability to collaborate effectively with cross functional teams
Proficiency with Microsoft Excel, PowerPoint, and data analysis tools
Familiarity with risk frameworks (COSO, ISO 31000) and NCUA guidance
Understanding of credit union operations, products, and regulatory environment
Ability to manage multiple priorities and meet deadlines
Professionalism, discretion, and the ability to handle sensitive information
Preferred
Advanced degree or relevant certifications (e.g., CRMA, CRM, CUERME, CIA, CISA, CUCO)
Benefits
Medical and Dental Insurance
401K with Employer Match
Holiday Pay
Paid Time Off
Company
Empower Federal Credit Union
Empower Federal Credit Union is a full-service financial institution that provides savings, loan, and transaction services to members in Central New York, and in eight counties in New York State.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jen Wolfe
EVP, Chief Operating Officer
Lori Verzillo
SVP Chief Retail Officer
Recent News
American Banker
2022-12-16
Company data provided by crunchbase