Risk Analyst

Western AgCredit; Lampton (UT); On-site; USD 57,000 - 86,000; Full time

Benefits offered by this job

Medical, dental, vision

Life insurance

Defined contribution retirement

Incentive compensation potential

Job summary

Western AgCredit seeks a Risk Analyst to support risk management across the Association. The role emphasizes policy development, risk analysis, internal controls, and reporting. You will work with the VP-Risk Manager to strengthen ERM, stress testing, and credit administration processes.

The position involves collaborating with various departments, ensuring regulatory compliance, and contributing to risk mitigation strategies within agricultural lending. Utah-based location options are provided.

Qualifications

• Bachelor's degree in finance/accounting or business-related field.
• Equivalent experience accepted for other fields.
• Knowledge of Enterprise Risk Management and/or Stress Testing and/or Vendor Risk/Model Risk preferred.
• Knowledge of Farm Credit regulations and production agriculture preferred.
• Strong computer skills and experience with risk management software preferred.
• Strong communication and collaboration skills across functions required.
• Solid planning, analytical, and documentation abilities preferred.
• Understanding of accounting practices, financial reporting, and internal controls preferred.
• Experience with credit administration and risk assessment is beneficial.
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook) required.

Responsibilities

• Assist with developing risk management policies, plans, and procedures.
• Conduct risk analysis and modeling to inform business planning.
• Contribute to development and maintenance of risk reporting.
• Assist in maintaining internal controls to protect assets.
• Assist with insurance, purchasing, and investments related to association assets.
• Aid in formulating risk appetite statements and policies.
• Assist with holding limits, IRR requirements, and lending pricing guidelines.
• Support Enterprise Risk Management (ERM) program activities.
• Review compliance with policies and FCA regulations.
• Assist with stress testing across loan portfolio and business segments.
• Develop and execute an Incident Response Plan when required.
• Assist with Vendor Risk Management program implementation and monitoring.
• Assist with Model Risk Management program responsibilities and inventory.
• Other responsibilities as assigned.

Skills

Communication skills

Collaboration

Critical thinking

Verbal and written communication

Education

Bachelor's degree in finance/accounting or business-related field

Equivalent experience

Tools

MS Office

Risk management software

Job description

POSITION:Risk Analyst
LOCATION:South Jordan or Spanish Fork, Utah
GRADE:11 (salary range 57,283-85,681) depending on education and experience.

RESPONSIBILITY:

Comprehensive benefits package provided (including medical, dental, vision, life insurance, defined contribution retirement program, and potential for incentive compensation).
The Risk Analyst reports to the VP-Risk Manager and is primarily responsible for supporting risk-related functions within the Association, including but not limited to the following:

• Assist with developing appropriate risk management policies, plans, and procedures to achieve Association risk managementobjectives.
• Conduct risk analysis and modeling to inform corporate business planning and management decision making.
• Contribute to the development, implementation, and/or maintenance of appropriate reporting for the risk managementfunction.
• Assist in developing and maintaining a strong internal control environment to protect corporate assets.
• Assist with insurance, purchasing, and investment activities related to Association-owned assets.
• Aid in formulating risk appetite statements and recommend policy to support such.
• Assist with formulating policies and procedures to determine hold limits for various segments of the loan portfolio, IRRrequirements for capital markets and/or participation purchases, and pricing guidelines for various lending programs.
• Assist with administering and maintaining a robust Enterprise Risk Management (ERM) program.
• Review compliance with Association Policies and FCA Regulations within areas of responsibility.
• Assist with administering and maintaining a robust stress testing program on various business segments and the entirety ofthe loan portfolio.
• Assist in developing, maintaining, and executing (when required) the Association Incident Response Plan.
• Assist with implementing, administering, and maintaining a robust Vendor Risk Management program, including vendor dediligence, risk assessments, ongoing monitoring, documentation, and reporting.
• Assist with implementing, administering, and maintaining Model Risk Management program responsibilities, including modelinventory maintenance, risk assessments, validation coordination, documentation, monitoring, and reporting.
• Other responsibilities as assigned by supervisor.

EDUCATION AND EXPERIENCE:

Bachelor's degree in finance/accounting or business-related field.
Equivalent experience required for bachelor's degree in another field of study.
Knowledge and experience in the areas of Enterprise Risk Management and/or Stress Testing and/or Vendor Risk Management and/or ModelRisk Management preferred.
Knowledge and experience in all aspects of the audit function and planning preferred.
Knowledge and understanding of Farm Credit regulations and production agriculture preferred.
Strong computer skills required, with knowledge and experience with risk management software and/or platforms preferred.
Strong communication and collaboration skills required. Must be able to work cooperatively with individuals across all functionalareas of the business.
Sound understanding of organizing, planning, critical thinking, analysis, presentation, documentation, and decision making.
Some understanding of accounting practices, financial reporting, fiscal management, and internal controls strongly preferred.
Working knowledge of the sound extension of credit and credit administration preferred.
Strong skills in verbal and written communication, and use of Microsoft Office suite of software products (including Word, Excel,PowerPoint, and Outlook) required. Perform daily responsibilities with accuracy, professionalism, and attention to detail.

GENERAL DATA:

For over 100 years, the Association has been providing agricultural lending services to commercial and mortgage borrowers in Utah and portions of Wyoming, Nevada, and Arizona.

EEO/AA Employer M/F