Risk Management Associate

The Risk Management Associate is part of the Risk Management Development Program which will provide training in BSA/AML, Internal Audit, Financial Intelligence Unit, Compliance/CRA, Third Party Risk Management and ERM. Within each department the Associate will receive foundational training in order to understand the responsibilities and functions of each department in terms of how each department contributes to the overall risk management of Academy Bank and Armed Forces Bank.

Principal Accountabilities

Within the various Academy Bank risk departments, the Risk Management Associate will receive training and then be able to perform the following tasks:

BSA/AML

• Review and disposition Verafin alerts.
• Investigate escalated cases for potential SAR filing recommendations.
• Conduct comprehensive investigations on the Bank’s high-risk customers
• Complete additional duties and projects as assigned by management

Internal Audit

• Assist with assigned tasks, such as attending and assisting in documenting walkthroughs, testing controls, evaluating processes, and verifying compliance with policies, procedures, and regulations for branch and corporate audits.
• Assist in highlighting observations and recommendations and drafting preliminary audit reports.
• Assist in communicating audit objectives, progress, and findings to management.
• Complete additional duties and projects as assigned by management

Financial Intelligence Unit

• Support senior investigators in investigations/cases under supervision
• Compile documentation for investigations
• Participate in fraud interviews with clients
• Review and disposition of Verafin alerts
• Review new business accounts for fraud
• Complete additional duties and projects as assigned by management

Compliance/CRA

• Assist with various compliance testing and monitoring. Help identify potential violations and/or bank errors. Assist in the preparation of compliance review reports.
• Help track issue management and corrective action items.
• Assist with CRA and HMDA Data validation.
• Help with community development tracking for the Bank.
• Complete additional duties and projects as assigned by management

Third Party Risk Management

• Participate in Third Party Onboarding
• Prepare and send vendor evaluation packages to new and existing vendors
• Review and save due diligence documentation
• Update information in nVendor
• Engage with Vendor Managers and vendors to facilitate the onboarding process for third-party engagements
• Assist with ongoing risk assessments
• Identify third parties not included in the vendor inventory database and manage ongoing monitoring of third-party engagements
• Complete additional duties and projects as assigned by management

Enterprise Risk Management

• Functional area risk assessments
• Preparation of quarterly ERM Dashboard
• Annual Risk Assessment process
• DFC Insurance program – Renewals & Claims
• Complete additional duties and projects as assigned by management

The Following Are Essential Functions Of The Job

• Understands, embodies, communicates, and instills corporate initiatives and vision, including the Six Pillars of Success.
• Maintains client information in complete confidence.
• Completes other specified duties as assigned.
• Regular attendance required, working at the assigned worksite, or assigned remote location during regular business hours and/or assigned hours.