The Compliance and Risk Analyst reports to the Senior Manager of Compliance and supports the administration of an effective Compliance Program at the Federal Home Loan Banks Office of Finance (OF). In addition, the Compliance and Risk Analyst supports the Risk Management function at the OF. This position is hybrid, with a current requirement to be on-site two days a week.
PRINCIPAL RESPONSIBILITIES
Support the Senior Manager of Compliance to administer, implement and manage an enterprise-wide Compliance Program.
Support the development, maintenance & management of Compliance policies, procedures and controls that align with industry standards and regulatory requirements.
Maintain the compliance and risk management modules in the Governance, Risk and Compliance (GRC) tool, including maintaining the compliance inventory, mapping compliance obligations to applicable controls, and maintaining risks and controls libraries.
Perform compliance risk assessments and develop and execute on annual compliance review plans, including performing gap analyses on applicable laws, regulations and guidance, assessing any gaps in compliance efforts related to key business areas and monitoring remediation status of the gaps identified.
Conduct operational effectiveness review of controls utilizing a risk-based approach, including the development of review plans, documentation of outcomes, discussions with management on findings, documentation and communication of identified issues, and monitoring the progress of issue resolution.
Support enterprise-wide operational risk management and related activities.
Provide critical support for the expanded activities of the enterprise-wide annual Risk Control Self-Assessment efforts managed by the Risk Management function, including reviewing and assessing the business processes, risks, controls, and other data points.
Implement and maintain data management processes and governance for the Compliance and Risk Management functions, ensuring accuracy, integrity and availability of relevant data.
Support the development and implementation of processes to collect and organize data, visualize and communicate data and prepare reports to support the Compliance and Risk Management functions.
Support the OF’s diversity and inclusion strategy by following policies and procedures that ensure opportunities for employees and diverse business partners.
Perform other duties and responsibilities as assigned.
PRINCIPAL JOB REQUIREMENTS
Bachelor’s degree in a related field. Advanced degree in a related field and/or relevant professional certifications preferred.
A minimum of three to five years of professional work experience in compliance, risk management, internal audit or another related field.
Knowledge of best practices and trends in compliance, risk management and governance and demonstrated ability to support a compliance or risk management program preferred.
Experience with regulated financial institutions (e.g., government-sponsored enterprises) preferred.
The ability to collect, organize and analyze data with attention to detail and accuracy.
Excellent writing, research and analytical skills and verbal communications skills.
Attention to detail and strong organizational and planning skills.
Demonstrated ability to take initiatives, solve problems and adjust quickly to evolving needs, including flexibility and adaptability in navigating changing regulations, industry trends and organizational dynamics.
Demonstrated ability to build effective relationships with stakeholders and foster collaboration.
Ability to multitask, prioritize and follow through on multiple projects concurrently.
Excellent judgment, high level of professional integrity and strong work ethic.
Software proficiency: MS Excel, MS Word, MS PowerPoint. Advanced MS Excel skills, including VLOOKUPs, Data pivots and other advanced functions, preferred.
Ability to listen and integrate ideas from diverse views, build and maintain respectful relationships, collaborate with others, and resolve conflicts constructively.
Proof of eligibility to work in the United States.
EQUAL EMPLOYMENT OPPORTUNITY
The Federal Home Loan Banks Office of Finance is committed to equal employment opportunity without regard to race (including traits historically associated with race, such as hair texture, hair type and protective hairstyles), color, religion, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin or ancestry, age, physical or mental disability, veteran status, uniformed service member status, military status, sexual orientation, gender identity, status as a parent, marital status, genetic information (including testing and characteristics), citizenship status, or any other characteristic protected by applicable federal, state, or local law.
Located in Reston, VA, a suburb of Washington, DC, the Office of Finance (OF) is operated on behalf of the Federal Home Loan Banks. Its primary function is to issue and service all debt securities for the regional FHLBanks, while obtaining the most cost-effective terms possible given current market conditions. Related activities include the compilation and publication of the combined financial statements, analysis and joint development of new funding opportunities, and educational outreach to inform investors and other interested parties about FHLBank debt products. These efforts can include investor road shows, sales conferences, adopting dealer/FHLBank recommendations, preparing brochures and educational materials, and enhancing the Office of Finance website.
The OF also provides the FHLBanks with credit and general capital market information/data, and manages the relationship with the credit rating agencies. In addition, the OF administers the Resolution Funding Corporation (REFCORP), a tax-exempt government corporation.