Risk Management Specialist

About Ascendion Ascendion is a full-service digital engineering solutions company. We make and manage software platforms and products that power growth and deliver captivating experiences to consumers and employees. Our engineering, cloud, data, experience design, and talent solution capabilities accelerate transformation and impact for enterprise clients. Headquartered in New Jersey, our workforce of 6,000+ Ascenders delivers solutions from around the globe. Ascendion is built differently to engineer the next. Ascendion | Engineering to elevate life We have a culture built on opportunity, inclusion, and a spirit of partnership. Come, change the world with us: Build the coolest tech for world’s leading brands Solve complex problems – and learn new skills Experience the power of transforming digital engineering for Fortune 500 clients Master your craft with leading training programs and hands-on experience Experience a community of change makers! Join a culture of high-performing innovators with endless ideas and a passion for tech. Our culture is the fabric of our company, and it is what makes us unique and diverse. The way we share ideas, learning, experiences, successes, and joy allows everyone to be their best at Ascendion. About the Role: The Risk Management Specialist is responsible for utilizing the risk management framework to identify, assess, measure, monitor and help mitigate the financial, reputational, regulatory, and operational risks (among others) associated with Client’s products and services. This individual will work to identify, assess, and create mitigation plans for various risks by executing defined risk assessment programs (i.e., risk and control assessments, new product/initiative risk assessments, etc.). Working with internal business partners this role will need to understand business unit operational activities, identify existing operational process risks, understand process flows and be able to identify and propose key risk indicators and controls. Additionally, this role will partner with cross-functional areas to ensure that risk mitigation action plans are developed, implemented, and maintained as well as monitor ongoing risks and mitigation. This role must be able to coordinate and prepare risk assessments as well as report on the ongoing risk narrative appropriate to the audience. Assists ERM leadership to implement and educate on the policies, standards, guidelines, tools, models, and procedures required to support the operational risk management program. Job Title: Risk Management Specialist Key Responsibilities: Perform risk and control assessments, assess, and implement related controls (e.g. operational, information security, compliance, etc.), and analyze information (e.g. risk events, root cause analysis, audit findings, KRIs/KPIs, etc.) to identify risks, process and control improvement opportunities, and effective mitigation strategies. Perform new product/service risk assessments to ensure risks associated with new activities are effectively measured, monitored, and controlled. Review and provide effective challenge to first line risk assessments, including completeness of risk identification, end-to-end processes, inherent risk ratings, residual risk rating, and control design ratings. Review and analyze other internal and external reports as inputs to assigned risk assessments. Work with internal business partners to identify and/or define area specific quantitative and qualitative key risk and performance indicators. Ensure identified issues and concerns are reported and escalated, as appropriate. Coordinate with risk management leadership to maintain risk assessments, operational loss events, issues and other relevant risk information for management reporting and record keeping. Develop and prepare management reports and communications according to established frequencies and ensure data accuracy. Build productive partnerships and trust with other key ERM stakeholders, leadership, and business functions across the enterprise. Maintain an ever-growing knowledge of ERM and industry trends, best practices and techniques that can be practically applied. As needed, contribute to special projects and initiatives that support the Risk Management Program and/or key focus areas of the organization. Maintain a thorough understanding of state and federal laws and regulations related to financial compliance including bank secrecy and anti-money laundering laws appropriate to the position. Minimum Qualifications: Bachelor’s degree, preferably in business, finance, accounting, risk management, or related discipline or equivalent work experience. Minimum of 3 years of relevant experience in enterprise and/or operational risk management, audit or compliance in a financial institution preferred. Experience working with risk management/operational risk management programs, practices, and processes inclusive of risk identification, analysis, mitigation/control, communication, monitoring, reporting and escalation. Knowledge of Operational Risk Management concepts and practices (i.e., process mapping, risk identification, assessment of control environments, risk monitoring and measurements) and understanding of the relevant operational risk types/sub-types, is preferred. Strong analytical, problem-solving and workflow analysis skills, including ability to quickly interpret and synthesize information from various sources, identifying key points and issues. Ability to apply judgment around risk management and control frameworks and industry best practices and make sound risk/reward decisions using a balance of data, logic, and intuition to inform critical business strategies and processes. Location: Sacramento, CA Salary Range: The salary for this position is between $65,000 – $95,000 annually. Factors which may affect pay within this range may include geography/market, skills, education, experience, and other qualifications of the successful candidate. Benefits: The Company offers the following benefits for this position, subject to applicable eligibility requirements: [medical insurance] [dental insurance] [vision insurance] [401(k) retirement plan] [long-term disability insurance] [short-term disability insurance] [5 personal days accrued each calendar year. The Paid time off benefits meet the paid sick and safe time laws that pertains to the City/ State] [10-15 days of paid vacation time] [6 paid holidays and 1 floating holiday per calendar year] [Ascendion Learning Management System] Want to change the world? Let us know. Tell us about your experiences, education, and ambitions. Bring your knowledge, unique viewpoint, and creativity to the table. Let’s talk!