Risk Reporting Analyst
New York, NY 
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Posted 2 days ago
Job Description

Come work with us:

Metropolitan Commercial Bank (the "Bank") is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank's website at MCBankNY.com.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence's annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

As the Risk Reporting Analyst, you'll oversee the development and implementation of risk management strategies within our bank. Your responsibilities will include ensuring compliance with regulatory requirements, identifying, and assessing potential risks, and producing detailed risk reports for stakeholders. Additionally, you'll collaborate with various departments to mitigate risks and enhance overall risk awareness across the enterprise. Strong analytical skills, attention to detail, and a thorough understanding of risk management principles are essential for success in this role.

Your role, reporting directly to the Director of Enterprise Risk Management, will be to provide sound governance processes that cover a wide range of Enterprise Risk Management activities, practices, and reporting processes. You will play a supporting role to ensure that the bank effectively aggregates risk across the enterprise and has appropriate reporting and escalation processes in place to report important risks and issues to key internal (e.g., Executive Leadership, Board of Directors) and external stakeholders (e.g., Regulatory Agencies).

The successful candidate for this role will be a proactive and analytical individual with a solid understanding of risk management principles, excellent communication skills, and the ability to work collaboratively in a dynamic environment.

Duties and responsibilities of the job include the following (but is not limited too):

Governance and Policy Compliance:

  • Develop, implement, and maintain enterprise-wide risk management policies, procedures, and frameworks.
  • Ensure compliance with relevant regulations and industry standards.

Risk Identification and Assessment:

  • Identify, assess, and prioritize potential risks to the organization's objectives, including operational, financial, strategic, and compliance risks.
  • Conduct risk assessments and scenario analyses to evaluate the likelihood and impact of various risk events.
  • Perform effective challenge over RCSA processes and other 1LoD risk assessment activities and processes.
  • Assist with maintaining and updating risk assessment methodologies and taxonomies and overall risk appetite limit setting and monitoring for the company.

Risk Reporting and Communication:

  • Prepare and distribute comprehensive risk reports for executive management, board of directors, and other stakeholders.
  • Communicate key risk insights, trends, and recommendations effectively to facilitate informed decision-making.
  • Assist the Director of ERM and the Chief Risk Officer with preparing quality risk reporting materials.

Risk Mitigation and Monitoring:

  • Collaborate with internal stakeholders to develop and implement risk mitigation strategies and action plans.
  • Monitor and track risk mitigation activities and assess their effectiveness in reducing identified risk exposure over time.
  • Assist with issue management tracking and reporting to ensure the Bank has an effective a comprehensive issues management process and program.

Continuous Improvement:

  • Continuously review and enhance risk management processes, tools, and methodologies to adapt to evolving business environments and emerging risks.
  • Provide training and guidance to employees on risk management best practices and procedures.

Seek opportunities to leverage technology solutions for improving Enterprise Risk Management practices.

Preferred experience, education, and qualifications:

  • Bachelor's degree in business, finance, risk management, or a related field. Advanced degree or professional certification (e.g., CRM, FRM, CFA) is preferred.
  • 4+ years of experience in enterprise risk management, governance, or related roles within a corporate environment.
  • Proficiency in risk management principles, methodologies, and frameworks.
  • Strong analytical skills with the ability to gather, analyze, and interpret complex data.
  • Advanced knowledge of risk assessment techniques, such as risk heat maps, scenario analysis, and stress testing.
  • Familiarity with risk management software and tools (e.g., GRC platforms).
  • Excellent written and verbal communication skills, with the ability to convey complex risk concepts in a clear and concise manner.
  • Strong presentation skills, including the ability to present findings and recommendations to senior leadership.
  • Ability to collaborate effectively with cross-functional teams and build relationships with stakeholders at all levels of the organization.
  • Strong project management skills, with the ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
  • Meticulous attention to detail and accuracy when analyzing data, preparing reports, and documenting risk management processes.
  • Perform quality work within determined timeframes
  • Interact professionally with other employees, customers, vendors and shareholders
  • Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
  • Work on ad-hoc tasks, assignments and projects as needed

Potential Salary: $100,000 - $120,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
4+ years
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