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Description
Job Overview
Risk Management diligently strives to mitigate risks impacting the financial stability and overall reputation of the organization. The Internal Monitoring Analyst will dedicate a significant amount of time to analyzing system-generated reports in order to identify instances of insider abuse, account and loan fraud. The successful candidate should have a working knowledge of common fraud schemes, indicators of financial crimes, and possess excellent problem solving and communication skills. The applicant should also maintain a thorough understanding of retail banking processes, procedures, and operating guidelines. The individual will also be expected to actively support the credit union’s internal audit program as designated below.
Responsibilities
Review reports by the organization’s core processing and various fraud monitoring systems for potential instances of insider abuse, loan fraud, or materially erroneous entries which could adversely affect the financial viability or reputation of the organization.
Identify situations involving adherence to company policies and procedures as they relate to account/loan creation and modification.
Seek opportunities to streamline and/or automate daily activities.
Effectively and efficiently respond to general risk management inquiries from internal and external customers. Represent the organization positively when interacting with management, auditors, examiners, and law enforcement.
Support the organization’s Legal Affairs and Litigation Management function by, processing orders from courts of competent jurisdiction relative to writs, levies, and judgements, as well as responding to Interrogatories and Discovery Requests.
Participate and/or lead comprehensive audits of retail banking activities for each branch location assigned. This includes a thorough review of all facets of a location’s operational activities for the prescribed time frame. Issue formal report for each audit completed.
Complete routine audits of retail office sales activity to identify instances of insider abuse and issue formal reports regarding the results. Work closely with internal stakeholders relative to any investigation into any act of wrongdoing or self-dealing.
Audit departmental disaster recovery plans and collaborate with internal stakeholders to ensure such plans remain current and thorough for use during a disaster event. Complete assigned tasks regarding the organization’s annual live recovery test as well as any supplemental testing efforts.
Engage with business lines to collect data on key risk indicators and/or key performance indicators to facilitate risk monitoring and trend analysis.
Complete assigned daily/weekly/monthly monitoring efforts and ensure all reports and communications are timely and accurate.
Perform other duties/responsibilities as assigned.
Qualifications and Education Requirements
Preference for 3 years of similar or related experience within a financial institution
Retail operations and/or Lending experience is considered beneficial and/or preferred
College degree, preferably with a business major; financial crime, fraud, and/or auditing certifications preferred
Microsoft Office; Familiarity with auditing of core processing and ancillary systems preferred
Additional Skills/Notes
Must have excellent communication and problem solving skills.
Successful candidate will have strong problem solving and analytical skills.
Ability to work independently as well as part of a team.
Given the sensitive nature of activities, individual must maintain extreme confidentiality regarding all activities.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Risk Management diligently strives to mitigate risks impacting the financial stability and overall reputation of the organization. The Internal Monitoring Analyst will dedicate a significant amount of time to analyzing system-generated reports in order to identify instances of insider abuse, account and loan fraud. The successful candidate should have a working knowledge of common fraud schemes, indicators of financial crimes, and possess excellent problem solving and communication skills. The applicant should also maintain a thorough understanding of retail banking processes, procedures, and operating guidelines. The individual will also be expected to actively support the credit union’s internal audit program as designated below.
Responsibilities
Review reports by the organization’s core processing and various fraud monitoring systems for potential instances of insider abuse, loan fraud, or materially erroneous entries which could adversely affect the financial viability or reputation of the organization.
Identify situations involving adherence to company policies and procedures as they relate to account/loan creation and modification.
Seek opportunities to streamline and/or automate daily activities.
Effectively and efficiently respond to general risk management inquiries from internal and external customers. Represent the organization positively when interacting with management, auditors, examiners, and law enforcement.
Support the organization’s Legal Affairs and Litigation Management function by, processing orders from courts of competent jurisdiction relative to writs, levies, and judgements, as well as responding to Interrogatories and Discovery Requests.
Participate and/or lead comprehensive audits of retail banking activities for each branch location assigned. This includes a thorough review of all facets of a location’s operational activities for the prescribed time frame. Issue formal report for each audit completed.
Complete routine audits of retail office sales activity to identify instances of insider abuse and issue formal reports regarding the results. Work closely with internal stakeholders relative to any investigation into any act of wrongdoing or self-dealing.
Audit departmental disaster recovery plans and collaborate with internal stakeholders to ensure such plans remain current and thorough for use during a disaster event. Complete assigned tasks regarding the organization’s annual live recovery test as well as any supplemental testing efforts.
Engage with business lines to collect data on key risk indicators and/or key performance indicators to facilitate risk monitoring and trend analysis.
Complete assigned daily/weekly/monthly monitoring efforts and ensure all reports and communications are timely and accurate.
Perform other duties/responsibilities as assigned.
Qualifications and Education Requirements
Preference for 3 years of similar or related experience within a financial institution
Retail operations and/or Lending experience is considered beneficial and/or preferred
College degree, preferably with a business major; financial crime, fraud, and/or auditing certifications preferred
Microsoft Office; Familiarity with auditing of core processing and ancillary systems preferred
Additional Skills/Notes
Must have excellent communication and problem solving skills.
Successful candidate will have strong problem solving and analytical skills.
Ability to work independently as well as part of a team.
Given the sensitive nature of activities, individual must maintain extreme confidentiality regarding all activities.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
