Risk Analyst

Summary

Join Octane®, a remote-first company revolutionizing recreational purchases, as a Risk Analyst, Internal Controls and Remediation. You will play a key role in developing and implementing 1st Line of Defense (LoD) Controls Testing, ensuring compliance with the Risk & Control Matrix (RCM) program. Responsibilities include testing business processes, identifying control gaps, developing remediation plans, and collaborating with cross-functional teams. This position requires a Bachelor's degree, 7+ years of experience in Risk & Compliance, and strong technical skills. Octane offers a comprehensive benefits package including robust healthcare, generous parental leave, flexible time off, and more.

Requirements

• Bachelor’s Degree followed by a Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk
• 5+ years of direct data management and data controls testing and reporting experience (Includes experience in the utilization of related technology tools)
• Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi
• Strong knowledge of regulations governing financial institutions
• Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
• Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
• Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau)
• Experience with a GRC tool (Orion, Archer, SAI360, etc.)

Responsibilities

• Support the development of the 1st Line of Defense (LoD) Controls Testing in accordance with the Risk & Control Matrix (RCM) program to properly test business process and procedural controls across the organization
• Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization at the 1st LoD
• Ensure the Control Testing program properly evaluates the firm's compliance with approved procedures and to help ensure that control gaps are adequately escalated and mitigated through remedial actions
• Support the Octane 1st LoD testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
• Assist in development of proper monitoring programs to ensure controls and processes are working as intended
• Partner closely with peers to understand the process risks and develop process control reporting requirements
• Determine the root cause of issues and develop effective remediation plans to mitigate the risks
• Perform manual control testing to ensure that procedures are being followed as written and approved with no control gaps
• Act as a Project Manager for 1st LoD Business Controls & Remediation related initiatives tracking business decisions and ensuring outcomes to meet policy and procedure standards
• Collaborate with cross-functional partners and Legal to design, implement, and support a procedurally compliant program
• Work closely with the Servicing, Collections and Credit Ops and Risk teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy
• Provide 1st LoD Business Controls and Remediation advisory support on assigned processes and procedures
• Troubleshoot the process control reporting environment, database and reports
• Evaluate and fully understand current policies & procedures
• Provide root cause analysis for control gaps and/or control weaknesses
• Develop KRIs and KPIs

Preferred Qualifications

Fair Lending experience

Benefits

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Flexible Time-Off (FTO)
• Retirement Plan (401k) with company match!
• Educational Assistance/Tuition Reimbursement up to $3K/year
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Robust Ancillary benefits including accident insurance, hospital insurance, etc
• Wellhub (Gympass) Wellness Benefit
• Powersports Safety Benefit