GFA Federal Credit Union

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  • Sep 19, 2022

Risk Analyst

GFA is looking for a detail oriented individual with a strong analytical mindset to join the Better Banking team.

As the Risk Analyst the right individual will assist in the design and implementation of risk management policies and practices to identify, document, and mitigate sources of risk throughout the organization. They will also be responsible for a substantial amount of internal monitoring reviews.

Essential Functions and Responsibilities:

  • Work with department managers to document risks as well as recommend ways to control and reduce level of risk.  
  • Aid in developing procedures, worksheets, and reports to ensure areas of risk are properly identified and documented credit union wide. Assist in reviewing loan and deposit forms and documents. 
  • Perform internal reviews that validate compliance strengths and identify compliance weaknesses based on an established schedule. Prepare reports that provide recommendations for improving processes, policies, and procedures. Perform ongoing monitoring to comply with regulatory compliance and credit union policies.
  • Coordinate the internal audit schedule with management, including documentation and follow-up of all outstanding comments from the credit union’s Internal Auditor.   
  • Conduct periodic testing of higher risk comments for continued compliance. Responsible for gathering and uploading audit requested items in a timely manner and maintain task list of all open and closed audit and examination comments.
  • Responsible for logging and tracking incidents of fraud, or potential fraud, on member accounts to completion.
  • Perform periodic reviews and ongoing Enhanced Due Diligence for High Risk Accounts through BSA/AML software.
  • Responsible for monthly review of BSA/AML software to include transaction testing from core.
  • Utilizes BSA/AML software to identify potentially fraudulent account activity.
  • Other duties as assigned.

Knowledge and Skills:

  • Excellent analytical skills, including the ability to define problems, collect date, establish facts, and draw valid conclusions.
  • Excellent ability to read, analyze and interpret government regulations, trade journals, and legal documents.
  • Strong analytical abilities, problem solving skills, and statistical analysis.
  • Excellent written, verbal and presentation skills.
  • Strong organizational skills with ability to multi-task.
  • Ability to work collaboratively across various departments.
  • Must be able to work independently.
  • Capable of effectively presenting information to varied audiences.
  • Ability to participate and adapt to changes in fast-paced environment.
  • Ability to plan, organize, and follow-through on initiatives to completion with attention to detail.
  • Extensive knowledge of credit union operations, policies, and procedures.
  • Ability to respond to common inquiries from regulatory agencies, and outside consultants.

Physical Requirements:

  • General Office Environment

When submitting application please include your salary requirements. Applications without the requested information will not be consideredNo phone calls please.

GFA offers competitive wages and an excellent benefits package which includes: medical, dental, vision, STD, LTD, Life, 401K with match and more. For more information visit our website at

GFA is an equal opportunity employer

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229 Parker St, Gardner, Massachusetts 01440 US