Operational Risk Analyst at Valley Bank

Morristown, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Jan, 26

Salary

0.0

Posted On

15 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Technical Aptitude, Communication Skills, Risk Management, Analytical Skills, Research Skills, Microsoft Office, GRC Software, Detail Oriented, Organizational Skills, Time Management

Industry

Banking

Description

Responsibilities include but are not limited to: * Perform the initial analysis of incidents and identify any impact. With guidance, conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (GRC). * Risk Identification -- Contribute to the planning and performance of internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries. * Risk Mitigation and testing - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-outs as well as targeted second line testing for any identified control gaps or opportunities for enhancement. * RCSA Coordination -- Coordinate with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate. * Participate in significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank. Qualifications Required Skills: * Technical aptitude and motivation to learn all aspects of the Risk system (GRC). Candidate should have the motivation to drive system and process improvements in the organization. * Excellent oral and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management. * Knowledge of the various functions of a commercial bank (including retail/commercial lending, wealth management, investments, operations, etc). * Ability to effectively respond to shifting priorities and assignments. * Proficient PC skills in Microsoft Office suite -- Power BI, Word, Excel, and PowerPoint as well as GRC software. * Sound analytical and research skills. * Ability to prepare executive and Board-level reports including memoranda and PowerPoint presentations. * Well-organized and detail oriented. * Ability to meet deadlines and expectations with little or no supervision. Required Experience: * Bachelor's Degree majoring in Finance, Accounting or Business-related discipline and a minimum of two years' experience in activities relating to banking and the financial services industry. Preferred Experience: * Minimum of two years' experience in activities relating to Risk Management. * Experience using a Risk System (GRC) such as Logic Manager, Metric Stream, RSA Archer, etc.

Responsibilities

The Operational Risk Analyst will perform initial analyses of incidents and contribute to risk identification and mitigation efforts. They will also coordinate risk and control self-assessments and participate in significant risk-related projects.