Operational Risk Analyst

Summary: The Operational Risk Analyst supports the Operational Risk Manager regarding all aspects of Operational Risk Management within the Enterprise Risk Management (ERM) program. Assists in managing the Governance, Risk, and Compliance (GRC) platform to capture, document, and report risks across the organization

Job Responsibilities:

Operational Risk Management Support

• Assists the Operational Risk Manager in the identification and assessment of operational risks within the organization.
• Collaborates with lines of business to identify, record, and track inherent and residual risks.
• Supports management in the development and implementation of risk management strategies, policies, and procedures. Assists in the identification and evaluation of control environments.
• Assists with monitoring and reporting on risk exposure and mitigation efforts.
• Assists in the identification and capturing of risk events. Performs root cause analysis and proposes recommendations to control enhancements.
  
  

Reporting

• Analyzes data to identify trends and potential risk areas. Prepares and reports metrics and dashboarding for presentment.
• Prepares reports for management and stakeholders. Prepares agendas and drafts meeting minutes.
  
  

Risk Assessments and Examinations

• Conducts risk assessments and assists on evaluating effectiveness across all lines of business.
• Supports management to ensure continuous alignment to organizational Risk Appetite Statement.
• Alongside ERM management, partners with Audit, Compliance, and Regulators on examination management and best practice assurances.
  
  

Industry Knowledge and Training

• Stays updated on industry best practices and regulatory changes.
• Assists to facilitate risk management workshops and meetings.
• Partners with Training and Senior Management on training initiatives.
  
  

Other Responsibilities

• Other Enterprise Risk Management duties as assigned.
  
  

Job Requirements:

• Bachelor’s degree in Risk Management, Accounting, Business, Finance or other relevant fields.
• 3 years of relevant work experience in Risk Management, Audit, Compliance, or other related areas.
• Professional certifications such as Certified Risk Manager (CRM), Certified Risk Management. Professional (CRMP), or Financial Risk Manager (FRM) are beneficial.
• Knowledge managing and implementing risk management tools such as GRC platforms.
• Understanding of regulations and compliance requirements relative to the industry.
• Knowledge of operational processes, risk assessment methodologies, and industry best practices.
• Knowledge of bank operations.
• Strong critical thinking and analytical skills.
• Strong attention to detail, accuracy and adherence to deadlines.
• Microsoft Office skills: proficient in Excel, Word and PowerPoint
• Excellent verbal, written and interpersonal communication skills
• Ability to manage multiple projects simultaneously.
• Ability to exercise sound judgement and work independently.
  
  

Columbia Bank and its affiliates is an Equal Opportunity Employer