Risk Analyst, AI Risk Program - Chicago - Early Warning Services

Description

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.

Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.

Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.

Analyst, Artificial Intelligence Risk Management, will support the design, implementation, and ongoing execution of the firm's AI Risk Management Program within the Second Line of Defense (SLOD). This role provides independent review, challenge, and advisory support to help ensure the organization's development and use of artificial intelligence - including generative AI - is safe, responsible, compliant, and aligned with the firm's risk appetite, ethical principles, and regulatory expectations.

Reporting to the Senior Director of Data and AI Risk Management under Operational Risk Management, the Analyst partners closely with first-line business managers, Product Management, Technology (including the CDO office), Data Science teams, as well as Compliance, Legal, Privacy, Third-Party Risk, and Technology & Security Risk. The role supports responsible innovation by helping embed AI risk requirements across the enterprise while ensuring AI-related risks are appropriately identified, assessed, monitored, and governed.

Essential Functions

AI Risk Governance & Program Support

• Support the development, maintenance, and ongoing enhancement of the enterprise AI Risk Management framework, policies, standards, procedures, and control expectations, aligned with industry-recognized frameworks such as the NIST AI Risk Management Framework and ISO/IEC 42001.
• Assist in maintaining and evolving the AI risk and control taxonomy, ensuring alignment with operational risk, model risk management, data governance, privacy, and technology risk frameworks.
• Manage the use of risk management technologies and tooling to inventory AI use cases, track risks, controls, issues, and approvals.
• Assist in the development and delivery of training and awareness related to the AI Risk Management program.

Risk Appetite / Tolerance, Metrics & Monitoring

• Support the development and maintenance of AI-related risk appetite / tolerance statements and thresholds in alignment with enterprise risk appetite and regulatory expectations.
• Assist in the design, implementation, and monitoring of key risk indicators (KRIs), key performance indicators (KPIs), and key control indicators (KCIs) to measure AI risk exposure and program effectiveness.
• Analyze trends, emerging risks, and control performance related to AI risk exposures and escalate concerns as appropriate.

Risk Identification & Assessment

• Support the development and maintenance of AI use case risk assessment methodologies, including inherent risk identification, control evaluation, residual risk determination, and escalation criteria.
• Execute or support enterprise-level AI risk profiling and assessment activities to measure compliance with our approved risk appetite / tolerance.
• Assist in embedding AI risk considerations and requirements into other risk domain assessments (e.g., operational risk, model risk, third-party risk, data risk, privacy, and technology risk).
• Support the identification of emerging AI risks related to bias, explainability, data quality, security, resilience, regulatory compliance, and customer impact.

Independent Review, Challenge & Quality Assurance

• Support effective independent review and challenge of first-line AI risk assessments, control design, mitigation strategies, and risk acceptance decisions.
• Execute quality assurance (QA) activities to assess adherence to AI risk management policies, standards, and governance requirements.
• Identify and document gaps, weaknesses, or inconsistencies in AI risk practices and support issue escalation and remediation tracking.
• Partner with other second-line risk domains to support integrated risk oversight of AI-enabled processes and products.

Risk Reporting & Insights

• Support the development and delivery of enterprise-level AI risk reporting that communicates risk posture, trends, emerging issues, and program health.
• Prepare materials and analyses for senior management, governance committees, and internal stakeholders to support informed decision-making.
• Assist with regulatory exam support, internal audits, and management self-assessments related to AI governance and risk management.

Stakeholder Engagement & Advisory

• Support senior risk leaders in serving as trusted advisors to first-line teams across Product Management, Technology, Data Science, Model Development, and Business Operations.
• Collaborate closely with Compliance, Legal, Privacy, Model Risk Management, Technology & Security Risk, and Operational Risk to support coordinated oversight of AI-related risks.
• Help the business understand and implement AI risk requirements while supporting safe and compliant adoption of AI capabilities.

Minimum Qualifications

• Bachelor's degree or equivalent experience.
• Approximately 2-5 years of experience in operational risk management, technology risk, model risk management, data risk, or a related discipline within financial services or another highly regulated industry.
• Experience supporting AI risk management, model governance, emerging technology risk, or related programs.
• Working knowledge of industry-recognized AI risk and governance frameworks, including the NIST AI Risk Management Framework and ISO/IEC 42001.
• Experience supporting risk assessments, governance processes, metrics, and reporting for complex risk domains.
• Strong written and verbal communication skills with the ability to explain AI risks to technical and non-technical stakeholders.
• Strong analytical skills, attention to detail, and sound judgment.
• Ability to manage multiple priorities and work effectively in a matrixed environment.

Preferred Qualifications

• Exposure to generative AI use cases, large language models (LLMs), or AI-enabled products or processes.
• Risk management, technology, audit, or AI governance-related certifications (e.g., CRISC, CISM, CIA, or similar).

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.

The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $66,000 - $82,000.
New York, NY/ San Francisco, CA in USD per year is: $78,000 - $98,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.

This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.

Some of the Ways We Prioritize Your Health and Happiness

• Healthcare Coverage-Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
• 401(k) Retirement Plan-Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
• Paid Time Off -Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
• 12 weeks of Paid Parental Leave
• Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

AndSOmuch more We continue to enhance our program, so be sure tocheck our Benefits page herefor the latest. Ourteamcan share more during the interview process

Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.

Early Warning Services LLC is a proud participant in E-Verify, a federal program to help ensure a legal and authorized workforce. As part of our hiring process, we electronically verify the employment eligibility of all new hires through E-Verify. For more information on your rights and responsibilities under E-Verify please visit Home | E-Verify.