Enterprise Risk Management Assurance Analyst II

Federal Home Loan Bank Of Atlanta - Atlanta, GA

Full-time - Mid Level

Atlanta, GA

Credit Intermediation and Related Activities

About the position

The Enterprise Risk Management Assurance Analyst II at the Federal Home Loan Bank of Atlanta is responsible for developing and implementing enterprise-wide risk measurement tools and processes. This role focuses on identifying and assessing inherent and residual risks across the organization, ensuring the effectiveness of controls, and integrating testing results into enterprise-wide risk assessments. The analyst will interact with various business units and management to evaluate risks and controls, conduct comprehensive risk assessments, and prepare detailed reports on findings and recommendations.

Responsibilities

• Conduct comprehensive risk assessments across the organization, including operational, financial, strategic, reputational, and compliance risks.
• Conduct control assurance/effectiveness testing and related activities to evaluate the adequacy and effectiveness of the Bank's control environment.
• Utilize various methodologies to identify potential risks, such as interviews, data analysis, and process reviews.
• Analyze the likelihood and potential impact of identified risks to prioritize them.
• Prepare detailed and accurate work papers that document and support the results of control assurance activities.
• Prepare detailed reports on risk assessments, control evaluations, and mitigation strategies for management.
• Identify any control failures or weaknesses and recommend improvements to strengthen control effectiveness.
• Monitor changes in the regulatory landscape and update risk assessments and risk and control inventory accordingly.
• Communicate key risk insights and concerns to the ERM team and relevant stakeholders.
• Develop risk mitigation plans in collaboration with business owners for control failures, including preventive, detective, and corrective actions, and monitor their implementation and effectiveness.
• Maintain and update the Bank's risk and control library within the Bank's application.

Requirements

• Bachelor's degree in accounting, finance, risk management, or related field.
• Two plus years of compliance risk management experience or internal audit experience.
• Two plus years of design and operating testing experience, and familiarity with testing methodologies.
• Two plus years of experience working with GRC platforms desirable.
• Proficient in Excel, including how to create macros/formulas.
• Strong writing skills.
• Audit and/or compliance knowledge/experience.
• Strong understanding of enterprise risk management frameworks, compliance, and/or internal audit is preferred.
• Current working knowledge of compliance risk management and testing experience and/or auditing standards and experience.
• Proven analytical and problem-solving skills.
• Excellent organization and project management skills.

Nice-to-haves

• Experience with GRC platforms.
• Familiarity with enterprise risk management frameworks.

Benefits

• Opportunity to work partially remote.
• Equal opportunity employer committed to diversity, equity, and inclusion.