Risk Analyst

Dime Community Bank; Hauppauge (NY); On-site; USD 60,000 - 73,000; Full time

Job summary

Dime Community Bank is hiring a Risk Analyst at its Headquarters in Hauppauge, NY. The Risk Analyst will execute risk and control self-assessments, conduct risk assessments, and maintain relationships with business managers to identify and address risks. Candidates must have a Bachelor's degree and at least 2 years of relevant work experience. The position offers a salary range of $60,000 to $73,000 annually, and is not remote. Strong communication, attention to detail, and proficiency in Microsoft Office are required.

Qualifications

• Minimum of 2 years related work experience, or equivalent education and financial experience.
• Must be able to work independently on assignments.
• Must demonstrate flexibility in responding to changing priorities.

Responsibilities

• Execute risk and control self-assessments (RCSAs) according to departmental methodology.
• Perform risk assessments and document results clearly.
• Lead discussions with business leaders to identify risks impacting the Bank.

Skills

Effective verbal and written communication skills

Attention to detail

Planning and organizational skills

Proficient in Microsoft Office suite

Ability to develop relationships with business partners

Education

Bachelor's degree in business or related field

Tools

Quantivate

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

Summary

Dime Community Bank (Dime) is currently hiring for a Risk Analyst at its Headquarters in Hauppauge, Long Island. Under the direction of the Risk Manager, the Risk Analyst is responsible for the completion of assigned process‑level risk and control self‑assessments (RCSAs) in collaboration with business managers, the identification of issues, and communication of identified issues with Risk Management to ensure any potential concerns are addressed in a timely and effective manner. The Risk Analyst is part of Dime's Second Line of Defense. NOTE: This role is risk management over processes within the Bank and is NOT data analytics/risk management in investment banking.

Salary commensurate with experience, ranging from $60,000 to $73,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume. This is NOT a remote role.

Responsibilities

• Plan, coordinate, and execute RCSAs within the GRC framework/tool (Quantivate) in accordance with departmental methodology and professional standards.
• Perform risk assessments by reviewing and analyzing evidence and documenting results through the application of risk and control concepts to scenarios encountered and identifying any potential issues.
• Perform periodic testing of identified controls and clearly document test results in a concise manner through preparation of detailed risk “work papers” in accordance with departmental standards.
• Lead risk discussions with business leaders and process owners to understand internal processes, identify risks impacting the Bank and to determine effectiveness of controls in place.
• Develop an understanding of Bank processes to assess confined or thematic risks/threats across multiple areas in conjunction with review of critical systems/applications or third‑party service providers.
• In collaboration with PMO and business units, assist in the generation of new product/service risk assessments.
• Develop strong relationships with business managers by addressing issues/concerns related to risks in a timely manner; foster a culture of partnership.
• Maintain and update risks and controls in connection with the Risk and Control Self-Assessment (RCSA) Process.
• Monitor and track findings associated with the RCSA Process.
• Perform other functions as assigned in support of the Enterprise Risk Management Program.

Qualifications

• Bachelor's degree in business or related field and a minimum of 2 years’ related work experience; a combination of education and financial experience may be considered.
• Must possess effective verbal and written communication skills.
• Strict attention to detail; ability to work independently on assignments.
• Excellent planning and organizational skills to balance and prioritize workload to meet deliverable targets.
• Ability to take ownership of projects and issues and see them through completion.
• Must be a forward thinker with the ability to evaluate current practices and challenge the status quo.
• Demonstrate flexibility in responding to changing priorities.
• Ability to develop and maintain effective working relationships with key business partners.
• Proficient in Microsoft Office suite (, Excel, Word, PowerPoint, and Outlook).