Sr. Risk Analyst

Job Summary A Senior Risk Analyst (SRA) analyses data and documentation to assess risks, reviews current processes and controls, and recommends improvements to enhance efficiency and reduce risk. The SRA organizes findings, draws conclusions, and discusses them with their manager before escalating to business management. Strong business acumen, critical thinking, and analytical skills are essential. Reporting to the Senior Risk Manager, the SRA plays a key role in implementing and enhancing the Risk Management Program and tools, establishing effective controls, and leading process improvement initiatives. This position is based at the SHI Somerset, NJ. Role Description Identify, assess, and monitor operational, financial, reputational, and strategic risks across the organization. Develop, implement, and update risk management policies, procedures, and mitigation plans to ensure risks are managed within the organization’s risk appetite. Collaborate with all departments to understand and address their specific risks, and provide guidance on mitigation measures. Maintain and support the Risk and Resiliency (R&R) tool, including integration with ancillary systems. Lead training, communication, and awareness initiatives to build risk management capability across the firm. Create, update, and maintain risk documentation, including policies, standards, guidelines, process flows, the PRC library, and Risk Register. Ensure accurate Risk and Control Self-Assessments (RCSA), conduct control reviews for projects, business changes, third parties, and health checks, and evaluate the effectiveness of control programs. Conduct internal governance reviews, support audits, and partner with business managers to document and remediate risks. Identify and implement process improvements to strengthen controls, improve efficiency, and drive cost savings. Stay informed of industry trends and regulatory changes in risk management. Develop and present risk reports, KPIs, and KRIs for management and board review; engage management on recommended actions. Support Incident Response & Management efforts by identifying risks, providing metrics, and assisting as needed. Behaviors and Competencies Adaptability: Can lead others through change, help teams adapt to new directions, and create a culture open to change. Analytical Thinking: Can use advanced analytical techniques to solve complex problems, draw insights, and communicate the solutions effectively. Business Acumen: Can develop and execute business plans to drive growth and profitability. Change Management: Can manage major changes in organizational processes or policies, facilitate change management processes, mentor others, and adapt style based on the situation. Collaboration: Can take ownership of team initiatives, foster a collaborative environment, and ensure all team members feel valued and heard. Communication: Can effectively communicate complex ideas and information to diverse audiences, facilitate effective communication between others, and mentor others. Continuous Improvement: Can identify major areas for improvement, implement changes, and support others in their efforts. Decision-Making: Can facilitate group decision-making processes, build consensus, and commit to a course of action even in uncertainty. Leadership: Can take ownership of complex team initiatives, collaborate with others in decision-making, and drive team performance. Strategic Thinking: Can analyze complex situations, anticipate future trends, and align strategies across departments. Detail-Oriented: Can identify errors or inconsistencies and make necessary corrections. Organization: Can prioritize daily tasks, manage personal workflow, and utilize basic tools. Prioritization: Can identify critical tasks, arrange them by importance, and execute independently. Multi-Tasking: Can optimize tasks, propose solutions, and manage multiple tasks without explicit instructions. Follow-Through: Can prioritize effectively and meet deadlines without reminders. Data Analysis: Can identify patterns and trends in data, propose hypotheses, and test them statistically. Problem-Solving: Can identify problems, propose solutions, and resolve them without explicit instructions. Skill Level Requirements In-depth knowledge and experience with risk management principles, including identification, assessment, and mitigation strategies. – Expert/Advanced Proficient in using risk management software tools to monitor, analyze, and report on risk exposure. – Expert/Advanced Skilled in project management, with the ability to lead projects to completion while ensuring alignment with goals and optimal resource utilization. – Expert Demonstrates a strong commitment to producing high-quality work and upholding organizational ethics, integrity, and compliance standards. Capable of thriving in fast-paced team environments, managing multiple tasks, and adapting to shifting priorities. – Advanced Proficient in Microsoft applications including Word, Excel, PowerPoint, Project, and Outlook; familiarity with Asana and Lucid is a plus. Experienced in data analysis, including data cleaning, transformation, modeling, and interpretation to support strategic decision-making. – Expert Skilled in stakeholder management, with the ability to align diverse interests and drive consensus to achieve business objectives. – Expert Proficient in utilizing Microsoft Excel for data analysis, including formulas, functions, pivot tables, and data visualization tools. – Intermediate Knowledge of various project management frameworks such as Agile, Waterfall, and Scrum, to effectively plan, execute, and close projects. – Intermediate Other Requirements Completed Bachelor’s Degree in Computer Science or a related field, or relevant work experience required. 5+ years of Risk Management experience with a strong understanding of operational risk and business process improvement methods. 5+ years of Project Management experience. 2+ years of experience in Business Continuity and Incident Management. Knowledge and experience with Risk Management, Business Continuity Management and Information Technology standards and best practices, including governance frameworks (ISO 31000, 27001, 22301, NIST, ITIL, etc.). Experienced with GRC Risk Management tools, and related interfaces (ServiceNow is a plus). Proficient computer skills, experience using Microsoft applications (Word, Excel, PowerPoint, Project, Visio, and Outlook). Willingness to travel up to 25% of the time to engage with internal business units and conduct vendor assessments. Flexibility to work extended hours, including evenings and weekends, and to respond on short notice during incident management or special project execution. Certification: CRM/PRM. Compensation and Benefits The estimated annual pay range for this position is $80,000 - $130,000 which includes a base salary. The compensation for this position is dependent on job-related knowledge, skills, experience, and market location and, therefore, will vary from individual to individual. Benefits may include, but are not limited to, medical, vision, dental, 401K, and flexible spending. Equal Employment Opportunity Equal Employment Opportunity – M/F/Disability/Protected Veteran Status. #J-18808-Ljbffr SHI International Corp.