Senior Risk and Compliance Analyst (HR)

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance

About the Opportunity 

The Federal Reserve Bank of Richmond’s People, Culture +Wellness Department has an immediate opening for a Risk and Compliance Senior to develop and execute a risk-based compliance strategy for Human Resources, Health Services and System Payroll. In this role, under minimal supervision, you will have responsibility for collaborating with business areas to understand their processes, risks, and controls; assess security controls and strategies; develop, test and analyze compliance reviews and audits; create risk and compliance related policies, procedures, guidelines and process documentation, including flow diagrams and process maps to meet business needs; proactively seek opportunities for continuous improvement of risk and quality assessments and compliance practices to drive efficiency;  and monitor tasks are compliant with internal and external policies and procedures.

In addition, you will be responsible for developing and implementing business continuity plans to ensure business line readiness during unexpected and challenging situations. You will proactively prepare reports that support the needs of the Bank management, the District and the System; and serve as a Subject Matter Expert (SME) in the fields of compliance, risk, and quality assurance.  

You will possess the ability to develop and maintain strong relationships across the Richmond Bank and Federal Reserve System, as well as the ability to consult on and positively influence the identification and resolution of risks and opportunities.  You will ensure that activities performed within the department and Bank are performed in compliance with Federal Reserve System and Bank policies and procedures.  

What You Will Do:

• Develop and implement robust compliance program for Human Resources, Health Services and System Payroll
• Coordinate risk assessments and compliance audits; serve as a liaison to auditors, Integrated Risk and Resilience team, workgroups, and other key stakeholders as needed
• Identify and evaluate emerging risks, compliance issues, and trends and advise PC+W leadership on strategies to address including development and implementation of mitigation plans
• Analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities while partnering with central risk functions
• Manage execution of reporting methods and educate internal stakeholders of business risks and trends
• Lead efforts in the development, implementation, testing and monitoring of the business continuity plans; ensure business continuity plans are reviewed, updated and practiced regularly
• Actively collaborate with security partners to understand security controls and how to monitor for compliance
• Prepare and present to management and executives a quarterly summary of effectiveness and opportunities for key compliance activities
• Promote the standardization of practices, and create and execute end-user education and training
• Maintain an expert knowledge of internal controls and other applicable state and federal laws and regulations
• Participate with cross-functional team initiatives and process improvements  
• Perform other related duties as assigned 

Qualifications:

• BA/BS in Business Administration/Finance/Accounting or equivalent experience
• 5 + years of related experience in compliance, quality assurance, Internal/External Audit and/or relevant professional and functional work experience
• Experience designing, developing and implementing a broad-based compliance program
• Demonstrated ability to develop and execute program with minimal oversight
• Excellent interpersonal and communication skills, and experience and confidence collaborating with internal and external stakeholders