Risk Analyst

Sturgis Bank & Trust • Sturgis, MI

2d

About The Position

The Risk Analyst supports the Bank’s Enterprise Risk Management (ERM) function by identifying, assessing, monitoring, and reporting on risk exposures across the organization. This position ensures that risk management processes are integrated into business decisions, operations, and strategic initiatives across all departments and locations. The Risk Analyst works closely with senior management to strengthen the bank’s risk culture and maintain compliance with regulatory expectations.

Requirements

• Working knowledge of banking regulations and risk management principles.
• Understanding of ERM frameworks, internal controls, and risk assessment methodologies.
• Strong analytical skills with the ability to interpret data and identify trends.
• Proficiency in Microsoft Office applications, particularly Excel and Word; experience with risk or GRC systems a plus.
• Strong written and verbal communication skills with the ability to present information clearly to varied audiences.
• Detail-oriented with strong organizational and time management skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• High level of integrity, confidentiality, and professionalism.
• Bachelor’s degree in Finance, Accounting, Business Administration, Risk Management, or a related field required.
• 2–5 years of experience in banking, risk management, compliance, audit, or a related financial services role preferred.

Nice To Haves

• Experience in a community bank environment strongly preferred.

Responsibilities

• Support the enterprise risk management (ERM) program, including risk identification, assessment, mitigation, and ongoing monitoring across business units.
• Assist in maintaining the bank’s risk register, key risk indicators (KRIs), and risk appetite metrics.
• Perform risk assessments for new products, services, processes, and vendor relationships.
• Monitor operational, compliance, credit, liquidity, interest rate, and reputational risks; escalate emerging risks as appropriate.
• Assist with internal control reviews and recommend process improvements to mitigate risk and enhance efficiency.
• Support regulatory compliance efforts by monitoring adherence to applicable federal and state banking regulations.
• Prepare risk reports and dashboards for management, committees, and the Board of Directors.
• Participate in committee meetings (e.g., Risk, Compliance, ALCO) as needed and document findings and action items.
• Review vendor risk management activities, including due diligence reviews and ongoing monitoring.
• Assist with Risk incident management, including tracking, root cause analysis, and corrective action plans. May work with Information Security Officer to monitor and track incidents.
• Promote a culture of risk awareness through training, communication, and collaboration.
• Understand requirements of systems in order to enhance processes to improve efficiency and effectiveness. Design and implement new reports and/or analytical tools.
• Coordinates the collection of data from the risk management partners to maintain quarterly Enterprise Risk Management Scorecard, Board and Senior Management Reports, and various other reports as necessary for the aggregation of information.
• Assist the business lines with the analysis and completion of risk assessments.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level