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Senior Risk Analyst

Location:Newton, MA
Level:Full Time
Category: Client Operations

Description

Section 1: Position Summary

As a key member of the Ascensus College Savings (ACS) Risk Management Department, this role provides meaningful contributions to, and oversight of, the efforts of the team to proactively identify, assess, monitor and mitigate risk throughout the organization. The Risk Management team is responsible for coordinating and supporting internal and external audits and risk assessments as well as management of the disaster recovery and business continuity, vendor risk management, access certification and incident response programs.

Section 2: Job Functions, Essential Duties and Responsibilities

Risk Exposure and Analysis

  • Responsible for management of incident response program including facilitation of bi-weekly incident response meetings, maintaining up-to-date list of incidents, and providing reporting, trending, and analysis as necessary
  • Assist in efforts relating to internal risk assessments at the entity, department, and project levels

Disaster Recovery/Business Continuity

  • Responsible for management of the disaster recovery/business continuity program including coordination, reporting, and remediation associated with table top exercises and simulated failovers
  • Responsible for maintaining, analyzing, and updating the disaster recovery/business continuity plan

Vendor Risk Management

  • Facilitate the review, analysis, and due diligence risk assessment activities for new and existing vendors according to contractual and regulatory guidelines
  • Review vendor audit reports, disaster recovery/business continuity plans and testing results and work with business owners to analyze any gaps or exceptions and monitor any related remediation efforts

Coordinate Support 529, ABLE and State Sponsored Retirement Plan Audit Engagements                                                                                                                                                                                                                                   

  • Partner with third-party auditing firms to complete all aspects of fiscal year-end financial statement audits of ACS-administered 529, ABLE and State Sponsored Retirement plans
  • Responsible for collection and submission of all audit deliverables
  • Review audit findings and perform research and validation of any exceptions
  • Investigate issues utilizing various systems to examine processing activity, account documentation and department protocol

Internal Controls Testing                                                                                                                                                                                                                

  • Monitor, test, and report on design and effectiveness of internal controls
  • Work with management to identify any new controls that arise out of changes to business processes or relevant audit findings, while identifying opportunities to streamline the overall number and structure of controls, as appropriate

Annual SSAE18 (SOC1 and SOC 2) Reports                                                               

  • Serve as key liaison between external audit firm and internal management, ensuring a transparent, accurate, and timely report development process each year
  • Provide data and supporting documentation to external audit partner on as-needed basis
  • Monitor remediation plans to ensure that all are completed and implemented in a timely manner

Corporate Audit Activities                                                                                                                                                                                                               

  • Work with parent company (Ascensus) audit resources to ensure completion of all necessary inter-company audit requirements
  • Maintain ongoing dashboard of all follow-up items, including status of any necessary remediation
  • Conduct random security and operational audits to ensure procedures are being properly followed

Project Management Initiatives                                                                                                                                   

  • Participate in projects aimed at business development
  • Assist with various departmental projects including platform changes to process improvement initiatives
  • Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
  • Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
  • Assist with other tasks and projects as assigned

Supervision  

  • N/A

Section 3:  Experience, Skills, Knowledge Requirements

  • Minimum of 5 to 8 years of financial service experience, preferably within risk management, audit, or transfer agency, broker-dealer or investment advisor functions
  • Demonstrated ability to work effectively with senior management and across all levels of an organization
  • Knowledge of internal controls processes, corporate governance or enterprise risk management
  • Ability to respond to routine multi-tasking as well as complex, unplanned issues while adhering to aggressive deadlines for multiple initiatives
  • Proven ability to proactively and independently research issues, gather evidence, and successfully work with various groups throughout the organization
  • Exceptional oral, written, and presentation skills with a demonstrated ability to communicate effectively across all functional areas and levels of seniority
  • Self-motivated, proactive, and energetic team player
  • Excellent interpersonal and communication skills, including the ability to successfully interact with stakeholders at all levels, internal and external, to achieve desired results
  • Ability to proactively identify areas for process improvement, and to turn recommendations into actions
  • Strong analytical, problem solving, and organizational skills
  • Ability to manage multiple tasks/deadlines with limited supervision
  • Detail-oriented, PC proficient, flexible, committed to quality

Preferred Requirements:

  • Knowledge of Sarbanes-Oxley Act of 2002 (SOX) and ability to implement changes within the organization to ensure adherence to all SOX requirements
  • CPA, CIA, CCSA, CISA, CRMA or other audit/risk management industry designation
  • Knowledge of industry-accepted risk management and risk assessment frameworks
  • Experience with investment advisor, broker-dealer, and transfer agency regulatory requirements
  • Experience working with internal and external auditors
  • Experience with managing or implementing disaster recovery/business continuity and vendor risk management programs

We are proud to be an Equal Opportunity Employer



Ascensus is a place to have a career, not just a job. As the largest US independent retirement and college savings services provider, we put our focus on people.  Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity. When you join our team, you get to go to work every day knowing that you help over 6 million Americans save for retirement and college.

 

Ascensus is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law. Ascensus also takes affirmative action to employ, and advance in employment, qualified women, minorities, and covered veterans. Ascensus also makes reasonable accommodations for qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state laws

 

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What makes any career at Ascensus so rewarding?

  • Collaborative, idea-sharing environment
  • Professional development
    • In-house training
    • Tuition reimbursement
  • Generous reward programs
  • Paid time off (additional purchase plan)
  • Medical, dental & vision benefits
  • Health savings account (employer contribution up to $1,100)
  • 401(k) & 529 match programs
  • Volunteer/charitable-giving programs
  • Business casual dress
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