Risk Analyst, Octane
Internal Controls & Remediation
Office located in Irving, TX
End-to-end digital buying experience
Job no longer available
End-to-end digital buying experience
201-500 employees
Job no longer available
Office located in Irving, TX
201-500 employees
Company mission
To connect people with their passions by making lifestyle purchases fast, easy, and accessible.
Role
Who you are
- Bachelor’s Degree followed by a Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk
- 5+ years of direct data management and data controls testing and reporting experience (Includes experience in the utilization of related technology tools)
- Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi
- Strong knowledge of regulations governing financial institutions
- Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
- Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
- Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
- Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau)
- Experience with a GRC tool (Orion, Archer, SAI360, etc.)
What the job involves
- We are currently looking for a Risk Analyst, Internal Controls and Remediation to join our Risk team
- You will assist in the development of the 1st Line of Defense (LoD) Controls Testing in accordance with the Risk & Control Matrix (RCM) program to properly test business process and procedural controls across the organization
- You will also support the Octane 1st LoD testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
- The right candidate will ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization at the 1st LoD
- This is a remote position reporting to the SVP, Controls & Remediation 1st LoD with limited travel throughout the year
- Support the development of the 1st Line of Defense (LoD) Controls Testing in accordance with the Risk & Control Matrix (RCM) program to properly test business process and procedural controls across the organization
- Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization at the 1st LoD
- Ensure the Control Testing program properly evaluates the firm's compliance with approved procedures and to help ensure that control gaps are adequately escalated and mitigated through remedial actions
- Support the Octane 1st LoD testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
- Assist in development of proper monitoring programs to ensure controls and processes are working as intended
- Partner closely with peers to understand the process risks and develop process control reporting requirements
- Must be capable of determining the root cause of issues and develop effective remediation plans to mitigate the risks
- Must be capable to perform manual control testing to ensure that procedures are being followed as written and approved with no control gaps
- May act as a Project Manager for 1st LoD Business Controls & Remediation related initiatives tracking business decisions and ensuring outcomes to meet policy and procedure standards
- Collaborate with cross-functional partners and Legal to design, implement, and support a procedurally compliant program
- Work closely with the Servicing, Collections and Credit Ops and Risk teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy
- Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Mapping and control gap analysis
- Provide 1st LoD Business Controls and Remediation advisory support on assigned processes and procedures
- Troubleshoot the process control reporting environment, database and reports
- Evaluate and fully understand current policies & procedures
- Provide root cause analysis for control gaps and/or control weaknesses
- Develop KRIs and KPIs
Our take
Octane Lending is revolutionizing the financing process within the powersports industry. The company's online platform offers streamlined online financing options and has significantly improved customer experience through its technology-driven solutions.
In addition to its core focus, Octane has expanded its offerings to include recreational vehicles, tractors, trailers and electric vehicles. The company collaborates with over 30 original equipment manufacturers (OEMs) and has originated more than $4B in loans through its in-house lender, Roadrunner Financial.
Octane's impressive flurry of funding rounds in 2024 underscores strong confidence in its business model and future growth. The new capital will allow Octane to expand into more markets, all off the back of a milestone year in which it has expanded into marine markets and achieved $5B in aggregate originations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Medical, Dental, Vision: Generous coverage for you and your dependents
- Generous Parental Leave: As your family grows, ours does too
- 4+ Weeks of PTO: Enjoy your time off & have the encouragement to take it!
- Education Stipend: Up to $3000/year for continuing education
- Competitive 401(k): We match 100% of the first 3% you contribute and 50% of the next 2%, for a total match of up to 4%
- Donation Matching: Octane matches charitable gifts from employees year-round
- Powersports Safety Benefit: Up to $500/year for powersport safety equipment
- Gympass Membership: We offer flexible memberships to thousands of gyms, studios, and apps to support your wellness journey
Company HQ
Midtown South, New York, NY
Leadership
Mark Davidson
(Co-Founder & CRO)Previously co-founded Cheggin where they served as the CEO. They also co-founded oDigger and CaptureSEO and worked as a Marketing Manager at Egos Marketing.
André Gregori
(Head of Dealer Products & Co-Founder)Head of Dealer Products at Octane Lending. Previously co-founded Cheggin.
Mark Garro
(Senior Director of Engineering & Co-Founder)Senior Director of Engineering at Octane Lending. Previously served as the CTO at Cheggin and ScholarLocker. They also worked as a Software Engineer at VIVANA Wellness.
Michael Fanfant
(Boardmember & Co-Founder)Board Member at a number of companies including Octane Lending. Also a General Partner at Runa Capital and previously a Strategy Associate at Capital One.
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