Risk Associate

Risk Associate
Boston MA

Exp 2-5 yrs

Deg Bachelors

Occasional Travel

Job Description

The Commercial Risk Management team is part of Commercial Banking and is located in Boston, Massachusetts. The Risk Associate position is dedicated towards supporting the various business lines within Commercial Banking to include Capital Markets, Asset Based Lending and Cash Management products. The primary responsibility includes executing the testing and auditing of the risk program, providing support to the implementation and maintenance of a best practice Operational and Regulatory Risk Management Framework at a business line level.

•                   Support the Business Line Risk Managers to asses (test/audit) key operational and regulatory controls.

•                   Assess appropriate controls, monitor and evaluate proper escalation procedures are in place to ensure compliance with key rules and regulations.

•                   Building strong relationships with the risk managers and business line management across the various business lines support by the Commercial Risk Management Team.

•                   Contribute to production of the operational risk dashboards and reports to support senior leadership team, as well as developing and enhancing the compliance risk and control self-assessment (RCSA) process.

•                   Keep the Risk Manager apprised of testing progress, overall themes, and findings.

•                   Contribute to the content and creation of executive management reporting for supported business lines.

•                   Explore opportunities to create new tests and develop automated testing to include key performance indicators.

•                   Evaluate the existing compliance program and work with Risk Managers to enhance and modify the program.

•                   Partner with Risk Managers to ensure testing and audit program is thorough and focused on the high risk areas

•                   Completion of RCSA (Risk Control Self-Assessment)

•                   Assist and Participate in line of business walkthroughs, process mapping, and assessments.