Risk Assurance Analyst

About the job Risk Assurance Analyst This position is responsible for assessing internal controls to protect the credit union against loss or regulatory violations through self-assessment reviews, analyzing processes, maintaining access control for application systems, regulatory compliance of the vendor management program, insurance for the credit union, monitoring emergency preparedness, and ensuring strong security practices. DIMENSIONS: Administrative Support: 26 Branches, 26 departments and Spectrum headquarters Center Staff Support: 500+ staff SUPERVISORY RESPONSIBILITIES: The incumbent reports directly to the Risk Assurance Manager. There are no direct reports to this position. NATURE & SCOPE: 1.) Performs risk reviews and research projects in all credit union areas. 2.) Assists in audit requests and analyzes audit results and risk reviews to identify trends and patterns, risks and liabilities, and makes recommendations for improvements to mitigate risks and liabilities. 3.) Completes thorough and accurate work and performs follow-up work on the outstanding internal control issues. 4.) Monitors credit union general liability, bond, property and related insurance coverage and overall claims activity associated with these policies. Initiates and maintains insurance-related correspondence with the General Liability and Bond carrier. Participates in annual insurance reviews. 5.) Maintains accurate files for over 300 vendors to ensure compliance with NCUA guidelines. 6.) Serves as subject matter expert on policies, procedures and forms utilized in the credit union business processes. Makes recommendations for enhancements to comply with Risk Management findings. 7.) Collaborates with management to define and establish key risk indicators to effectively monitor and predict increa