Risk Analyst

About Us

Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America's Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.

How This Role Impacts Live Oak and its People

The role of risk management is critical to the continued success of Live Oak in helping design new products effectively, ensuring regulatory expectations are met, and being a partner/challenger as the need arises. The key skill is being proactive in these areas and helping the organization stay ahead of potential issues.

What You'll Do at Live Oak

• Work closely with the Head of ERM to identify the key risks to the Bank, using its Risk Taxonomy to ensure adequate coverage and quality of risk measures

• Produce recurring and ad hoc risk reporting to key stakeholders including CRO, Senior Management, Board of Directors, and Regulators

• Primary Owner for Regulatory Relations program between Live Oak and its primary Regulators the FDIC, NC State, and Federal Reserve

• Primary owner for running the Risk Governance activities for the ERM team including its committees and policy structure

• Primary owner of the Business Continuity program

• Work closely with the Head of ERM and CRO to ensure that the CRC/MRMC agenda, meeting, and follow-up actions are conducted in a manner that provides optimal risk governance

• Work closely with Business Owners to ensure that key controls relating to the BCDR program are operating effectively in the course of periodic reviews

• Serves as the primary contact for Regulators and coordinates exams, ongoing monitoring, and finding activity with business units

• Provides leadership in the Business Continuity program, ensuring Business Impact Analysis is carried out effectively, RTO/RPO analysis is performed and communicated to the Technology team; relevant governance documents are updated gaps are identified, addressed, or escalated as appropriate

• Provides proactive partnership and effective challenge with all members of the LOB team as appropriate

• Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC

Required Experience

• Bachelor's degree

• 5-10 years of risk management or similar experience

• Ability to design and operate risk functionality

• Demonstrated ability to work with business units to increase the level of risk maturity

• Work comfortably as a team member, leader, or SME depending on the situation

• Strong technical and human interaction skills

• Proactive mindset

• Superior organizational skills

• Unafraid to raise effective challenges

• Intellectual curiosity

• Problem solver

• Able to express ideas in any medium to a variety of audiences

Preferred Experience

• ABA Certified Enterprise Risk professional (CERP) certification

Our Values

• Dedication: Possess a deep commitment to Live Oak Bank's mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.

• Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.

• Respect: Treat everyone with courtesy, politeness, and kindness.

• Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.

• Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more

For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at HumanResources@liveoak.bank.

EEO is the Law

The base pay range for this position is $113,080.00 - $154,200.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate's salary is determined by several factors including travel, relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.