Jobs and Careers

Principal Risk Analyst (Enterprise Operational Risk)

United Statesfull_timeVerifiedPosted 19 Feb 2025

About the role

Responsible for supporting the Governance & Oversight of the first line of defense risk function by evaluating, analyzing, and challenging risks of varying complexity and for challenging approaches and solutions to mitigate those risks. May have a focus on one or more particular types of risk such as financial, or operational, risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Work independently to interpret and develop solutions to complex business challenges that have a significant impact on the function or branch. Specialized skill set and proficiency with procedures and techniques. Recognized as an expert in own area within the company.

Talent Quest

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Perform effective challenge of 1st line risk assessments, issues, and events.
Collaborate with management and personnel to optimize risk assessment effective challenge scope development
Identify and challenge potential business risks, operational and regulatory process deficiencies and improvement opportunities
Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
Lead/conduct and assists provide expertise in with the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal‘s quality control standards, policies and procedures
Develop, lead and oversee efforts to improve the efficiency and effectiveness of operations and risk mitigation processes
Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions
Assist with the development and enhancement of practices, procedures, and instructions
Develop and maintain strong working relationships with team members, subject matter experts, and leaders; work with senior management on complex issues
Lead moderate to large projects and initiatives
Mentor lower level staff

7-10 years of experience in risk management with 3 years of Enterprise Operational (2nd line) risk experience.
Significant experience in effective challenge of process documentation, risk assessments, issues, and events.
Ability to partner with first line risk offices to help drive quality assessments and communicate Enterprise Risk’s vision.
Subject matter expert within business area/specialization with understanding of interrelationships of different disciplines
Significant knowledge and understanding of risk-based auditing techniques and methodologies
Significant knowledge of applicable federal and state regulations, company policies, and industry best practices
Significant experience managing multi-faceted projects simultaneously that have cross-departmental impact
Significant knowledge of operational and regulatory risk control concepts and practices
Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
Advanced organizational, planning and time management skills
Advanced research and analytical skills
Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience

Desired Qualifications

Master’s Degree in related field or equivalent combination of training, education and experience

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.