The Operational Risk Analyst I evaluates and forecasts potential losses while determining solutions to minimize or eliminate risks. Performs risk analysis studies in order to maintain maximum protection of an organization’s assets. Being an Operational Risk Analyst I supports senior analysts and managers in data analysis or risk model construction. Compiles reports containing appraisal findings. In addition, Operational Risk Analyst I may require a bachelor’s degree. Typically reports to a supervisor or manager. Being an Operational Risk Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. Working as an Operational Risk Analyst I typically requires 0-2 years of related experience.
Operational Risk Analyst Job Description Template
Our company is looking for a Operational Risk Analyst to join our team.
Responsibilities:
- Perform special projects and additional duties as assigned;
- Collaborate with Risk Management colleagues on operational risk matters. (e.g., Vendor Risk Management, Compliance, Information Security);
- Assist Operational Risk Manager in keeping abreast of changes in regulatory guidance associated with Operational Risk Management;
- Monitor and track findings associated with the Risk and Control Self-Assessment Process;
- Assist in the production of committee and board reporting materials;
- Maintain and update the Risks and Controls Matrix in connection with the Risk and Control Self-Assessment Process;
- Perform periodic testing of identified controls for Lines of Business and clearly document test results;
- Maintain and update Bank’s Model inventory;
- Prepares appropriate review memorandum summarizing liabilities and recommends follow-up evaluations;
- Performs other duties and responsibilities as assigned;
- Interprets and applies procedures, ensures analysis is documented and that records are maintained;
- Assists senior level staff and management as requested;
- Informs employees on risk policies and guidelines to build a risk aware culture and practice across the organization.
Requirements:
- 3-5 years experience in financial services (banking, credit union, card processor, etc.);
- Ability to change direction as project demand dictates;
- Excellent analytical, organizational, business acumen, and report writing skills;
- Basic financial and accounting skills (Manage GL’s);
- Ability to interpret, analyze and apply data/information;
- Minimum 3 years of fraud experience;
- Working knowledge of Reg. E, Z, CC, D, BSA, and related banking regulations and guidelines;
- Ability to present information as needed in an appropriate and professional manner;
- Ability to build and foster internal relationships;
- Strong administrative skills;
- Minimal physical effort such as sitting, standing, and walking;
- Strong written and verbal communication skills;
- Working knowledge of fraud industry and banking operations;
- Ability to adhere to policies, procedures, and instructions of management;
- Ability to summarize, document, and communicate information in a clear and concise manner.