Senior Analyst, Risk Management at Voya Financial

Windsor, Connecticut, United States

Voya Financial Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Requirements

  • Minimum 4 years of experience in Risk Management or financial services back office operations with an understanding of Operational Risk Management
  • Experience with risk assessments, risk decision making, and the implementation of risk controls
  • Excellent analytical skills with a strong attention to detail and the ability to synthesize complex information
  • Experience creating high quality deliverables for senior management
  • Continual process improvement mindset
  • Strong analytical capabilities and the ability to communicate effectively across various stakeholders

Responsibilities

  • Proactively manage and assess operational risks for corporate functions including defining risk and controls for key corporate functions to help improve overall control environment
  • Manage the annual Top Risks Survey and lead the end-to-end emerging risk ERM process, including maintaining and evolving the semi-annual emerging risk inventory, aggregating data across business units, and synthesizing insights for communication to senior management
  • Support the identification, assessment, and management of climate-related risks as part of Voya’s broader enterprise risk framework
  • Assist in promoting and instilling a strong risk culture and operational excellence by partnering to continually improve operational risk processes
  • Establish Key Risk Indicators to monitor risks including clear appetite and tolerance statements
  • Provide an independent challenge which will consist of validating and providing constructive challenge where residual risk levels are deemed to exceed appetite
  • Partner with other risk and control functions, including internal audit and compliance and drive external reviews to develop a complete and aggregated view of risk for the specific area(s) assigned
  • Assist with creating presentations for Risk Committees and other Risk Meetings as deemed necessary to support risk governance
  • Assist with the monitoring and progress of action items including the validation of the closure of issues
  • Support Corporate Functions Risk, Top Risks/Emerging Risks, Climate Risk, Risk Strategy, among other cross business initiatives
  • Assist the organization in the identification, classification, measurement and monitoring of operational and related risks
  • Work closely with others in the Risk Management functions and business units to provide management with a consistent and accurate view of the identified risks

Skills

Risk Management
Operational Risk
Risk Identification
Risk Measurement
Risk Monitoring
Analytical Capabilities
Stakeholder Communication
Climate Risk
Emerging Risks

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

New York City, New YorkHeadquarters
2014Year Founded
IPOCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Benefits

Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Rally wellness program
Employee Assistance Program (EAP) and Work Life Services
Behavioral Health Family Support Program
Livongo support for diabetes, hypertension, and weight management
AccessHope cancer support
Wellthy caregiving assistance
Back-up child care and elder care
Health Advocate
ABLE accounts
Legal insurance
Identity theft protection
Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.
Operational challenges in integrating OneAmerica's business could affect service quality.
Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.
The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.
Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.
The financial wellness market's growth offers significant opportunities for Voya's programs.
AI integration in investment management can enhance Voya's strategies and client outcomes.

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