What are the responsibilities and job description for the Summer Associate Internship (Procurement and Vendor Management Risk Office) position at Navy Federal Credit Union?
Overview
The Procurement and Vendor Management (PVM) Risk Office is dedicated to enhancing the organization’s ability to identify, assess, and manage operational risks across all business units. Our mission is to provide independent, objective assurance and advisory services that improve the effectiveness of risk management, governance, and internal controls. Within this office, the Third-Party Risk Management (TPRM) team ensures that external vendors and partners meet Navy Federal’s risk, compliance, and performance standards.
Potential projects for the PVM Risk Office summer associate may include:
Responsibilities
Location: 820 Follin Lane, Vienna, VA 22180
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
The Procurement and Vendor Management (PVM) Risk Office is dedicated to enhancing the organization’s ability to identify, assess, and manage operational risks across all business units. Our mission is to provide independent, objective assurance and advisory services that improve the effectiveness of risk management, governance, and internal controls. Within this office, the Third-Party Risk Management (TPRM) team ensures that external vendors and partners meet Navy Federal’s risk, compliance, and performance standards.
Potential projects for the PVM Risk Office summer associate may include:
- Assisting in risk assessments for key operational areas
- Supporting control testing and validation activities
- Assisting with Third Party Risk Due Diligence
- Developing risk reporting tools and dashboards
- Researching emerging operational risk trends and regulatory developments
- Participating in process reviews to identify gaps and improvement opportunities
Responsibilities
- Assist in conducting operational risk assessments and control evaluations
- Participate in process walkthroughs and document workflows, risks, and controls
- Analyze risk data and audit evidence to assess control effectiveness
- Support issue remediation and closure validation efforts
- Prepare documentation and work papers that support risk observations and recommendations
- Collaborate with cross-functional teams to identify and mitigate operational risks
- Contribute to the development of risk metrics, dashboards, and reporting tools
- Engage with other Summer Associates and team members to share insights and learnings
- Basic understanding of business and operating environment Knowledge and understanding of risk-based auditing techniques and methodologies
- Knowledge of applicable federal and state regulations, company policies, and industry best practices
- Experience with project management skills
- Knowledge of operational and regulatory risk controls concepts and practices Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
- Background, experience or academic knowledge of organizational design concepts
Location: 820 Follin Lane, Vienna, VA 22180
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Salary : $26 - $46
