Bank Business Analyst (31513) Job in Bloomington 61701, Illinois US
WHY STATE FARM?
Our commitment to customers makes us the No. 1 insurer of cars and homes in the United States and an insurance leader in Canada.
The same commitment to our workforce is how we got here and how we stay here. Our 90-year track record highlights State Farm as an employer of choice committed to providing career opportunities that last a lifetime.
From diverse backgrounds and talent, to meaningful work and comprehensive benefits, “Like a good neighbor…” isn’t just a slogan. It’s who we are and how we do business.
WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION?
- Handles State Farm Bank projects requiring information gathering, analysis, and coordination
- Coordinates project activity and provides expertise for one or more areas of State Farm Bank
- Provides business perspective and represents the strategies and frameworks set by State Farm Bank management
- Works with project teams to define scope of effort/business requirements for development of new initiatives and enhancements
- Represents State Farm Bank on Systems project teams
- Develops, maintains, and supports products, processes, and procedures related to functional area
- Researches, designs, and implements product and program developments and/or enhancements
- Develops and maintains relationships with outside agencies and/or third-party vendors
- Prepares various reports as requested
- Provides operational support and/or training related to assigned functional area
- Provides guidance to State Farm Bank's compliance area on issues related to assigned functional area
WHAT KNOWLEDGE AND SKILLS ARE NEEDED TO BE SUCCESSFUL IN THIS POSITION?
- Participates on project teams
- Develops an understanding of State Farm Bank's structure, systems, products, services, and processes
- Assists with identifying, documenting and evaluating workflows
- Applies knowledge of how state and federal regulations are applied in the State Farm Bank environment
ITEMS OF NOTE
- May require passing additional background checks
- May work irregular hours based on workload and job requirements
- May require travel via commercial transportation and/or driving motor vehicles to various State Farm business locations, seminars, conferences, and/or industry meetings
ADDITIONAL INFORMATION
- This Bank Technical Analyst role will serve as an Operational Risk Analyst for the Bank Operational Risk Assessment Team. Qualified candidates will possess background knowledge in Information Technology Operations and Security or Auditing with a Financial Services emphasis.
- IT with Security emphasis
- Business Continuity Disaster Recovery or similar experience
- Auditing, Controls, or Assessment experience
- Risk Management or similar discipline
Qualifications:
Two or more years of experience in any or all of the following:
- Education: Bachelor's Degree in Applied Computer Science or Technology related degree preferred, but not required with applicable experience
- Establish a Bank wide program for assessing Operational Risk
- Execute risk assessments by direction from State Farm Bank's Chief Risk and Operations Officers
- Establish risk based reporting, dashboards to include key risk indicators (KRI's)
- Establish and execute a program for FFIEC compliance reviews
- Senior analysts may provide strategic and tactical guidance to junior analysts and technicians in Risk Governance
- Provide consulting to the Operational Risk Unit, Bank Business Areas, and Enterprise
Responsibilities:
**There will be two postings for one position, and based on skill set and experience the candidate will be selected as an RE or RA**
BENEFITS: TOTAL REWARDS
Our Total Rewards benefits package includes:
- Competitive starting salary
- Annual merit reviews
- Annual bonus potential
You may also be eligible to participate in Medical, Dental, Life and Disability Insurance, Vision, 401(K) Plan (Savings Thrift in Canada), Credit Union, a fully funded retirement pension plan, and more.
State Farm Insurance is an equal opportunity employer.
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