Enterprise Risk Management Analyst

JOB SUMMARY:

The Enterprise Risk Management Analyst supports the Enterprise Risk Management (ERM) Program and Department, with a specific focus on enterprise risk monitoring and dashboard reporting, as well as support the ongoing development, execution, and maintenance of the Bank’s (ERM) framework of identifying, assessing, monitoring, and reporting risks across the organization, including the ERM dashboard, Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs), and facilitating an ongoing monitoring system that provides management and the Board, clear sight to the top risks in the organization. This role plays a critical part in supporting ERM in managing risks associated with Partnerships, including Banking-as-a-Service (BaaS), FinTechs, crypto related customers, payment processors, merchant acquiring, and cannabis related businesses, ensuring compliance with FDIC, State, and supervisory guidance and internal risk appetite set by the Board of Directors. This role operates as part of the Bank’s second line of defense and does not perform first line of operational or control execution responsibilities.

The analyst will also assist with risk assessments, issue tracking, policy management, risk reporting, and examination readiness.

JOB DUTIES:

• Assists facilitation of the collection, definitions and organization of the Bank’s risk and control library.

• Support the CRO and Director of Risk during risk assessment workshops and other risk assessment activities.

• Review and analyze various risk assessments to ensure completeness, subject matter expertise involvement and timeliness.

• Closely work with various areas of the bank to support the ERM program ensuring risk assessments and reporting is complete as defined.

• Research and develop KRI’s and KPI’s that support the Bank’s Risk Appetite Statement (RAS).

• Support the development and maintenance of data inputs and reporting used in the Bank’s Enterprise Risk Dashboard.

• Support the ERM Framework and Program with ongoing monitoring efforts that include, but are not limited to the execution and analysis of the FinTech Scorecard, Periodic FinTech Questionnaire and FinTech due diligence and risk assessment processes.

• Supports ERM to ensure enterprise KRI and KPI rationale are documented and updated as needed.

• Provide analysis of emerging risk trends and comparisons of risk indicators to established risk limits and thresholds – coordinating with risk owners to understand drivers and root cause of trends - and incorporate conclusions into the ERM Dashboard Report.

Enterprise Risk Management

• Assist in maintaining the Bank’s enterprise risk assessment and risk inventory across all risk domains

• Supports the Risk and Control Self-Assessment (RCSA) process including documentation, challenge, and follow-up.

• Helps track Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), thresholds, and emerging risk.

• Assists with preparing committee meeting materials, dashboards, etc.

• Support the ongoing development, execution, and maintenance of the Bank’s ERM framework.

• Assist with maintaining and updating the Bank’s Enterprise Risk Management Policy and procedures and other associated policies and procedures as applicable.

• Assist with enterprise-wide risk assessments, including inherent risk identification, control effectiveness evaluation, and residual risk ratings.

• Support periodic reviews and updates to the Bank’s risk taxonomy, risk appetite statements, and risk limits under ERM leadership.

• Track emerging risks, including regulatory, FinTech, crypto, payments, and cannabis related risks

Risk Assessments and Monitoring

• Assist with conducting and documenting enterprise risk assessments under the guidance of ERM leadership.

• Analyze risk metrics, KRIs, and trend data to identify potential issues

Third-Party Risk Management and Partnership Risk Management

• Support risk oversight for Third-Party Risk Management (TPRM) activities in coordination with Compliance, TPRM, and Business Units as needed.

• Assist with reviews of due diligence materials, ongoing monitoring reports, and risk assessments for critical and high-risk third-parties and Partners

• Assist in evaluating control frameworks of Bank Partners.

Governance, Reporting, and Committees

• Assist with periodic reviews of risk management policies, procedures, and frameworks.

• Support the development of risk reporting, dashboards, and summaries for senior management and Board-level committees.

• Assist with issue management including but not limited to remediation plans, and action items updates and statuses.

Regulatory and Examiner Support

• Assist in preparation for FDIC, state, audit, or other regulatory examinations including evidence gathering and response tracking.

• Monitor regulatory guidance and industry best practices.

ESSENTIAL FUNCTIONS:

• Must be able to perform the essential functions of this position with or without reasonable accommodation.

JOB SPECIFICATIONS:

Education:

• Bachelor’s degree in Risk Management, Finance, Data Analytics, Business Administration, or related field is a plus.

Skills:

• Understanding of risk frameworks, risk/control self-assessments (RCSAs), control testing, and risk reporting.

• Proven ability to manage, with supervision, multiple complex projects in a fast-paced, dynamic environment.

• Experience working and communicating clearly with cross-departmental key stakeholders across all levels of the organization.

• Analytical and critical thinking skills; able to get to the root cause of complex issues using data and judgment.

• Effective written and verbal communication skills, with the ability to clearly articulate risk issues and recommendations to both technical and non-technical audiences.

• Familiarity with banking regulations (OCC, FDIC, FFIEC) and industry, best practices in risk management

Experience:

• A minimum of 2-3 years of relevant experience in banking, risk management, internal audit, regulatory examinations, or a second line challenge function.

• Experience in a regulated financial institution or FinTech environment.

• Knowledge of risk management principles and second line of defense roles.

• Exposure to risk tools such as issue management, scenario analysis, and key risk indicators (KRIs).

• Proficiency with Microsoft Power BI, Asana, SmartSheet

• Experience in process improvement, process optimization, and solutions development and implementation.

• Knowledge of policy and committee governance.

SUPERVISED BY:

• Director of Risk Management

SUPERVISES:

• None

Dart Bank is a community bank, serving our community since 1925. We specialize in providing financial services, but we are passionate about serving the community and building real relationships with people. Dart Bank provides innovative financial services for both personal and business banking, consumer and mortgage loans, commercial loans and lines of credit, merchant credit card processing, investment services and more. Our array of products and services and our longstanding history within our communities shows we care about what matters most for our customers and we are there for them for the most important times in their lives. Dart Bank. For What Matters Most.

We offer:

• Medical Benefits

• Dental

• Vision

• 401(K) Employee Stock Ownership Plan

• Paid vacation & sick time

• Flexible scheduling

• Employee Assistance Program

• Dart Bank University

At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we deliver exceptional customer service. We are a local business that cares about our employees and our community.

Dart Bank is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment.

All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws. The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law (individually and collectively, “Protected Class”). This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the United States. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so that you can begin to resolve the issue before this employer can take any action against you, including terminating your employment. This employers can only use E-Verify once you have accepted a job offer and completed Form I-9.