Risk Analyst
Enterprise Risk Management | Banking
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This position does not offer remote access. It is an in-office position located in Canton, CT.
Summary of the Role
The Risk Analyst is a detail-oriented and analytical position that supports and enhances the Enterprise Risk Management (ERM) program. The role will help identify, assess, and monitor risks across the organization that could impact financial performance, operations, and strategic initiatives. The Risk Analyst will collaborate with business partners to strengthen risk awareness and ensure compliance with internal policies, regulatory expectations and audit activities.
Key Responsibilities
- Partner with business units to perform Risk and Control Self-Assessments (RCSAs), identifying risks, evaluating controls, and recommending mitigation strategies.
- Support administration and adherence of enterprise risk management programs, including vendor risk, information security risk, and model risk.
- Track, manage, monitor, and report on risk issues and corrective action plans to ensure timely resolution.
- Analyze and report Key Risk Indicators (KRIs) and Risk Appetite Statement (RAS) metrics.
- Prepare reports, dashboards, summaries and presentations for senior management to support informed decision-making.
- Perform data analysis to identify trends, emerging risks, and potential vulnerabilities.
- Assist in the preparation for internal audits and regulatory examinations, including documentation, supporting planning activities, and follow-ups.
- Support delivery of risk training and awareness initiatives across the organization
- Collaborate cross-functionally to promote a strong risk management culture and ensure alignment with risk management practices.
- Contribute to enhancements in risk tools, systems, and reporting processes and presentations.
Skills
Risk Control Self Assessments
Risk Management Programs & Policy
Risk Appetite Statement Metrics
Key Risk Indicators
Training
Issue Management
Data Analysis
Reporting
Collaboration
Educating Business Partners
Qualifications
- Bachelor’s degree in Business, Finance, Accounting, or related field (or equivalent experience)
- 2–5 years of experience in risk management, banking, finance, or compliance
- Working knowledge of enterprise risk management frameworks and principles
- Familiarity with Governance, Risk, and Compliance (GRC) systems preferred
- Professional certifications such as CERP, CRCM, or similar are a plus
- Advanced Microsoft Excel and overall proficiency in Microsoft Office applications
- Strong analytical, problem-solving, and organizational skills
- Excellent written and verbal communication skills
- Ability to work independently, manage multiple priorities and meet deadlines
Why Join Us
- Opportunity to play a meaningful role in strengthening enterprise risk management practices
- Exposure to senior leadership and cross-functional collaboration
- Supportive and professional team environment
- Career growth within a regulated financial institution
Work Environment & Physical Requirements
- Primarily office-based role requiring prolonged sitting and computer use
- Use of standard office equipment
- Occasional standing, walking, and light lifting (up to 10 pounds)
- Ability to travel locally as needed
Equal Opportunity Employer
We are committed to creating an inclusive and diverse workplace. Employment decisions are based on qualifications, merit, and business needs, without regard to race, color, religion, sex, national origin, veteran status, or any other protected status.