Enterprise Risk Management (ERM) Analyst (Hybrid in Syracuse, NY)
About the position The Enterprise Risk Management (ERM) Analyst supports Empower FCU's Enterprise Risk Management program by helping identify, assess, monitor, and report risks across the credit union. This role works closely with business units to document processes, evaluate controls, and maintain risk records in alignment with NCUA guidance, internal policies, and industry best practices. The ERM Analyst strengthens risk awareness across the organization, supports regulatory readiness, and provides analytical insights that help leadership make informed, risk aware decisions. The annual salary range for this position is: $73,486.81-$110,230.21 Location: Our headquarters are based in Syracuse, NY. We work in a Hybrid Model requiring a minimum of 5 days in office per month.
Responsibilities
- Assist in identifying emerging risks across Empower FCU and its CUSO relationships.
- Support annual and ongoing risk assessments, including operational, strategic, financial, compliance, cybersecurity, and third-party risks.
- Evaluate risks in accordance with NCUA, CFPB, and other applicable regulatory expectations.
- Gather and analyze risk information from business units and CUSO partners.
- Maintain and update the enterprise risk register, including CUSO related risks and third party oversight documentation.
- Prepare risk dashboards, heat maps, and reports for senior leadership, Board committees, and regulatory examinations.
- Track remediation activities and follow up with business units to ensure timely completion.
- Support reporting aligned with NCUA’s supervisory priorities and internal governance requirements.
- Document business processes, internal controls, and risk mitigation strategies across credit union operations.
- Review and validate control effectiveness, identifying gaps or improvement opportunities.
- Support internal audits, NCUA examinations, and compliance reviews.
- Assist in documenting and monitoring CUSO oversight processes, including due diligence and ongoing monitoring.
- Assist in developing and enhancing ERM policies, procedures, and frameworks tailored to credit union operations.
- Participate in ERM initiatives such as scenario analysis, business continuity planning, and risk workshops.
- Support risk culture development and training across Empower FCU and relevant CUSO partners.
- Contribute to the enhancement of third-party risk management practices.
- Analyze risk data to identify trends, patterns, and emerging issues.
- Maintain ERM systems of record and ensure data accuracy and completeness.
- Support enhancements to risk dashboards, reporting tools, and automated risk workflows.
- Perform all other duties as assigned.
Requirements
- 3 to 5 years of experience in risk management, compliance, audit, financial services, or a related analytical role.
- Strong analytical and critical thinking abilities.
- Excellent written and verbal communication skills.
- High attention to detail and strong organizational skills.
- Ability to collaborate effectively with cross functional teams.
- Proficiency with Microsoft Excel, PowerPoint, and data analysis tools.
- Familiarity with risk frameworks (COSO, ISO 31000) and NCUA guidance.
- Understanding of credit union operations, products, and regulatory environment.
- Ability to manage multiple priorities and meet deadlines.
- Professionalism, discretion, and the ability to handle sensitive information.
- Bachelor's degree in Business, Finance, Risk Management, Accounting, Economics, or a related field preferred.
Nice-to-haves
- Experience in a credit union, bank, CUSO, or other regulated financial institution strongly preferred.
- Familiarity with NCUA regulations, credit union operations, and third party/CUSO oversight is beneficial.
- Advanced degree or relevant certifications (e.g., CRMA, CRM, CUERME, CIA, CISA, CUCO) are a plus.
Benefits
- Medical and Dental Insurance
- 401K with Employer Match
- Holiday Pay
- Paid Time Off
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