What are the responsibilities and job description for the Operational Risk Analyst position at Interactive Resources - iR?
Job Title: Operational Risk Analyst
Location: Jacksonville, FL
Job Overview:
The ideal candidate will be responsible for identifying, assessing, and mitigating operational risks across middle office functions, ensuring that risk controls are effectively designed and implemented. The role will involve developing and executing test plans, conducting risk assessments, and collaborating with key stakeholders in the financial services industry to enhance risk management frameworks.
Key Responsibilities:
- Develop, implement, and execute test plans to assess the effectiveness of operational risk controls.
- Collaborate closely with middle office teams to identify process inefficiencies and operational risks.
- Conduct risk assessments and provide recommendations to mitigate identified risks.
- Monitor and analyze operational risk events, developing strategies to prevent recurrence.
- Support the development and enhancement of risk frameworks, policies, and procedures.
- Assist in regulatory compliance efforts by ensuring adherence to industry risk management standards.
- Provide support for internal audits and risk reviews, ensuring findings are addressed appropriately.
- Utilize data analytics and risk metrics to provide insights on potential vulnerabilities.
- Document risk incidents and maintain a database of risk-related issues for continuous improvement.
- Work cross-functionally with risk, compliance, technology, and business teams to enhance operational efficiency and risk mitigation strategies.
Qualifications & Experience:
- Bachelor’s degree in Finance, Business, Risk Management, or a related field.
- 3-5 years of experience in operational risk management, process risk analysis, or a related field within the financial services industry.
- Strong understanding of middle office functions and their operational risk exposure.
- Experience in developing and executing test plans for process risk controls.
- Knowledge of financial services regulations and risk management frameworks.
- Proficiency in data analysis tools (Excel, SQL, Tableau, or similar) to support risk assessments.
- Excellent problem-solving skills and the ability to work in a fast-paced environment.
- Strong communication and stakeholder management skills to effectively engage with internal teams.
- Industry certifications such as FRM, PRM, or CFA (preferred but not required).
