Risk Analyst 5

WEX   •  

South Portland, ME

Industry: Accounting, Finance & Insurance

  •  

8 - 10 years

Posted 60 days ago

General Purpose:


Work as part of the WEX Inc. Credit Risk and Receivable management first line of defense risk department to help ensure that the operational risks in the department and the operational, compliance, and governance risks associated with global credit risk oversight are well defined, managed proactively, and deficiencies are dealt with in a timely manner. Responsible for working with management in regards to performing a risk control self-assessment, implementation of risk management policies to include governance and TORs, development of key control monitoring approach, acting as a key participant in audits and exams, and works to provide management with constructive challenge for risk issue mitigation. 


Support a strong risk and control environment by playing a risk advisory role in the department and with the business partners we support. This role works very closely with the business, Legal, Compliance, Enterprise Risk, and internal Audit to assess risks and build internal controls, capture and track issues as they arise, works to establish corrective action plans and reports on them to the department’s leadership and/or operating committee.


Works to assist in the development of corporate risk management policies/standards, and works with department management to ensure procedures and management routines enable compliance on an ongoing basis. This requires working with corporate risk management functions as well as risk management functions that my report into the businesses. This position will work with the businesses to assure they understand the policies, standards, and requirements to comply, assesses the needs of the business and influences, adapts, and makes changes to ensure policy compliance makes sense for the business.


Assists the business in the design of effective and sustainable controls, effective and robust risk remediation, responds to audit, compliance reviews, and operational risk incidents. Challenge remediation plans to endure control gaps are effectively closed in a timely manner. Monitor the status of open remediation plans to support on time closure reporting status to management on a regular basis. Provide risk reporting to risk committees on remediation efforts as needed.


Promotes risk awareness culture, ensuring efficient and effective risk and compliance management practices by adhering to required standards and practices. 
 

Qualifications

 Minimum Required Qualifications:Bachelors Degree.10 to 15 years of risk management experienceWorking in financial services industry, internal or external audit, operational risk management, and/or significant experience in managing quality control groups.Highly effective verbal and written communication skills across all management levelsStrong leadership skills evidenced by ability to influence through collaboration and negotiationStrong project management skills with a bias toward action and execution.
At WEX, we reward innovation, hard work and excellence. 
Benefits include:·     401(k) Plan·     Adoption Assistance·     Bonus Plan·     Dental Insurance ·     Dependent Life Insurance ·     Employee Assistance Program ·     Employee Referral Award Program ·     Expedition - WEX’s Sabbatical Program ·     Extended Parental Leave·     Flexible Spending Accounts (Medical and Dependent)·     Health Insurance·     Life Insurance/AD&D·     On Site Fitness Facility in South Portland location ·     Pet Insurance·     Paid Time Off(PTO)·     Short- and Long-Term Disability Programs ·     Tuition Reimbursement ·     Vision