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Valley Bank · 1 day ago

Operational Risk Analyst

Morristown, NJ

Full-time

Onsite

Entry, Mid Level

2+ years exp

Valley Bank is a leading relationship bank built for growth, focusing on client trust and expertise. The Operational Risk Analyst will identify, assess, monitor, and report risks affecting business operations while supporting risk management frameworks and ensuring compliance.

Banking

Responsibilities

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

Qualification

Risk ManagementGRC SoftwareAnalytical SkillsMicrosoft Office SuiteCommunication SkillsDetail OrientedTime Management

Required

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

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