Risk & Compliance Specialist

Under the direction of the Lead ERM Analyst, the Risk Specialist will support various Risk and Internal Audit related activities, including the collection and analysis of customer data, internal audit control testing, and reporting activities. This role is a great opportunity to join our growing Risk & Compliance team, and is ideal for someone looking to start their career in risk management with opportunities for growth and development.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Accurately enter and update risk-related data into internal systems, databases, and spreadsheets while maintaining organized and up-to-date records, ensuring data integrity and completeness.
• Support various Risk and Internal Audit related activities with data collection, analyses, and reporting.
  
  
  
  • Collect and analyze key Risk-related data. Analyze trends over time with various internal and external tools available (e.g., Dashboards, S&P Global, Analytics).
  • Perform internal audit validation testing to assess and analyze the appropriateness of Management's remediation of identified internal audit issues.
  • Support tracking, monitoring, and reporting of Risk and Internal Audit related activities.
  • May assist with internal control testing to support our Sarbanes-Oxley (SOX) compliance program.
  
  
  
  
• Support the monitoring of our Specialized Banking (cannabis) line of business by performing detailed analysis comparing our customers' deposit activity to identify trends or inconsistencies requiring further investigation.
• Foster teamwork and collaboration with others across the Bank, building positive and constructive working relationships, supporting the Bank's strategic plan, and demonstrating the Bank's core values.
• Assist other Risk & Compliance team members with various assignments, as needed.

JOB REQUIREMENTS

• Highly-motivated professional who can handle multiple, cross-functional tasks, adapt to change, and work well in a dynamic, fast-paced environment - independently and in a team
• Demonstrated analytical skills with strong attention to detail, accuracy, and completeness
• Familiarity with banking, specific expertise in risk, fraud, and/or internal audit
• Strong customer service orientation and problem-solving skills
• Excellent written and verbal communication skills
• Strong computer and technical skills and the ability to quickly learn and apply new technology
• Proficient with the Microsoft Office suite; advanced Excel skills (complex formulas, macros, etc.) preferred
• Demonstrate and promote high ethical standards and behaviors
• Maintain a professional manner at all times
• Exhibit a culture of teamwork, transparency, and collaboration
• Ability to demonstrate Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to your Community, Always Learn, Do the Right Thing)

EDUCATION & EXPERIENCE

• Minimum education requirement: Bachelor's degree preferred
• Experience in banking, risk, or audit considered a plus

WORKING CONDITIONS/PHYSICAL DEMANDS

• Normal business office environment

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.