Enterprise Risk Management Analyst
Thread Bank
Enterprise Risk Management AnalystThread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.The Enterprise Risk Management (ERM) Analyst supports Thread Bank's ERM function across three core areas: issues management, partnership and new-initiative risk assessments, and the broader quantitative risk infrastructure that underpins the Bank's sponsor and embedded banking model. This role ensures identified risks are tracked, managed, and resolved in a timely manner, adhering to regulatory requirements and internal policy, while also contributing directly to the quantitative assessment of fintech partners and new business initiatives. The Analyst works closely with ERM leadership and partners across the Bank on general governance support and other ERM priorities as they arise.Issues ManagementFacilitate and support the issues management tracking process, and help develop and mature the Bank's issues management programEnsure identified issues are properly documented, categorized, and tracked through their full lifecycle, from initial identification to resolution, including examinations, internal and external audits, and self-identified itemsWork with business units to develop and implement action plans that address identified risks and control gapsMaintain and update policies, procedures, and documentation related to the issue management frameworkContribute to the ongoing improvement of the issue management framework by identifying enhancement opportunities and implementing best practicesEducate and train staff on the issue management process and their roles and responsibilities within itPartnership and New-Initiative Risk AssessmentsSupport quantitative risk assessments of fintech and other third-party partners, including control scoring, hard floor evaluation, and exposure analysisAssist with new initiative risk assessments for new products, partners, and program changes, applying the Bank's control evidence guides and attestation frameworksHelp translate assessment results, including loss exposure, value-at-risk, and control-adjusted outcomes, into clear, decision-ready summaries for risk leadershipSupport remediation tracking and re-assessment when partnership risk profiles or program scope change materiallyQuantitative Risk Approach and MethodologyBuild working familiarity with the Bank's quantitative risk frameworks and apply their scoring, calibration, and loss quantification methodologies consistently across assessmentsApply Factor Analysis of Information Risk (FAIR) concepts, such as loss event frequency and loss magnitude estimation, to support consistent, defensible quantification of risk exposureSupport the ongoing calibration and maintenance of quantitative models and tools used to estimate exposure, loss, and risk-adjusted outcomesHelp prepare plain-English summaries of quantitative outputs suited for both technical and executive audiencesMaintain data integrity and documentation supporting quantitative frameworks so that results are auditable and examiner-readyGeneral ERM SupportAssist with maintenance of the ERM policy, playbook, and Risk Appetite Statement suiteSupport ad hoc risk analysis, board and committee materials, and other ERM initiatives as assignedQualificationsMinimum of three years of financial services experience supporting enterprise risk management functionsStrong knowledge of nontraditional banking activities, including fintech and embedded bankingDemonstrated quantitative or analytical experience such as risk modeling, statistical analysis, actuarial work, or credit and market risk analytics, with working knowledge of control scoring, loss quantification, exposure, and value-at-risk analysisFamiliarity with the Factor Analysis of Information Risk (FAIR) model or comparable quantitative risk methodologies, and the ability to apply that thinking to loss exposure and control-adjusted risk quantificationProficiency with Excel or similar tools for data analysis and modeling, and ability to work directly with datasets to support quantitative assessmentsAbility to manage multiple tasks, prioritize effectively, and meet deadlinesStrong written communication skills, with the ability to translate technical or quantitative findings into clear, decision-ready language for varied audiencesNashville based in-office position M-FBachelor's degree from an accredited university in Finance, Economics, Statistics, Data Analytics, or a related quantitative or business management fieldEmployee must be able to perform essential functions of the position and, if requested, Thread Bank will make reasonable accommodations to enable employees with disabilities to perform the essential functions of their job, absent undue hardship, in accordance with the ADA. Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job-related information.
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