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Business Risk Management Associate



Chicago, IL, USA
Posted on Wednesday, June 19, 2024

The Associate Operational Risk Management at Avant will be responsible for assisting the Corrective Actions Team Lead with their mandate to design, implement, and execute an effective Operational Risk Management program, and oversee risk mitigation activities across the Avant enterprise.

This position is not considered remote eligible and requires in-office attendance at our downtown Chicago office.

What you do at Avant:

  • Drive Avant’s Corrective Action program forward by reviewing and reconciling internal and external risk incidents/loss events to ensure that incidents are addressed in a timely manner consistent with incident management response standards

  • Operate as a key contributor on the Corrective Action team by managing issues from initial discovery to closure and supporting issue tracking and reporting

  • Develop close partnerships across lines of business and provide value-added collaboration with business leaders to ensure that key risks are properly identified, managed and mitigated

  • Create strong documentation surrounding risk identified in Avant operations and develop front-line controls in partnership with key stakeholders to ensure risk mitigation in the future

  • Identify emerging risks, trends and material enterprise-wide risk issues for reporting to executive leadership

  • Support change management for new products, business initiatives and strategies, and assess impact on the division’s risk profile to ensure a consistent customer focus through Avant operations

  • Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency across the organization

Why you are a fit for Avant:

  • Experience in querying and analyzing large datasets on a regular basis to assess scope and impact

  • Strong collaboration and cross-functional skill set with the proven ability to develop effective working relationships with business and functional partners to influence decisions

  • Strong program and project management skills and ability to independently manage multiple, conflicting priorities while still ensuring high quality deliverables

  • Exposure and knowledge of basic risk management concepts and practices (Compliance and Regulatory significance, risk events, scenario analysis)

  • A strong moral compass and a commitment to high ethical standards to ensure a superb customer experience

  • Bachelor’s degree in Finance, Business Administration, Accounting, Liberal Arts, or a related field or equivalent years of experience

  • 3-5 years of work experience in Risk Management, Audit, Legal, Compliance, or Project Management capacity preferred

  • 3+ years of experience on projects within a complex business environment preferred

  • 1+ years of experience with SQL required

  • Advanced Microsoft Office skills required

Check out our Avant Blog!

We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture.

Why Avant is the place for you:

At Avant, we believe our values make a difference:

Authenticity. We show up to work as our whole selves and make sure others can too.

Collaboration. We can only succeed when we do so as a team.

Problem-Solving. The harder the problem, the more satisfying the solution.

Customer. We are all owners of the customer experience.

Initiative. Plan. Adapt. Get Sh!t Done.

We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.

Some of our benefits include:

  • Choice of great Medical, Dental, and Vision Insurance Plan options

  • 401(k) Match

  • Unlimited Paid Time Off

  • Flexible Work Environment

  • Generous Paid Parental Leave

  • Lunch Allowance (Fooda) and In-office Snacks

  • WFH Stipends for our Remote Employees

  • Access to LinkedIn Learning for Professional Development

  • No Meeting Wednesdays - (a.k.a. planned time to Get Sh!t Done)

  • Summer Fridays

  • Fun In-Office and Virtual Social Events

  • And who doesn’t love the swag

This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you’re fully vaccinated upon your start date or before working in or visiting our Chicago office. You’re considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination. Subject to applicable law and requests for accommodation.