Operational Risk Manager- Locations listed below

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. 
Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.

POSITION PURPOSE

The Operational Risk Manager manages all daily aspects of management and performance of the Bank’s operational risk management initiatives.  The Operational Risk Manager supports the execution of risk management activities by identifying, quantifying, reviewing, evaluating, and measuring operational risk to ensure that risk is managed in accordance with regulatory requirements, approved risk tolerance, risk appetite and strategic plans approved by the Board of Directors. This position partners with other areas of enterprise risk management as well as all business units throughout the Bank to develop and continuously enhance operational risk identification and assessment processes, and to liaise with each business unit, including supporting departments, to monitor operational risk exposure. This position also has administrative responsibilities for the Bank’s Operational Risk Management reporting.

This position will report directly to the Chief Risk Officer. 

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Develop and implement the operational risk management framework, including policies, procedures and controls
• Direct the business function risk and control assessment program
• Assist first line in the execution of business function risk assessments
• Coordinate, monitor and report on operational risk key risk indicators
• Identify, track and report on risk issues and associated action plans
• Implement and direct the second-line control testing program
• Prepare and present risk reports to senior management and risk committees
• Oversee the Product and Service Risk Management program, including maintaining the written program and supporting program execution across the enterprise
• Coordinate oversight of the incentive compensation program and perform reviews of incentive compensation plans
• Support business-initiated and project-related risk assessments
• Monitor and analyze risk trends and emerging risks
• Participate in the development of operational risk scenarios for capital stress testing
• Support centralized incident response and crisis management programs
• Support the enterprise privacy program
• Support the Project Management and Vendor Management processes
• Supervise assigned staff
• Participate in relevant committees
• Provide administrative support to the Chairman of the Operations Committee
• Support audits and examinations of the enterprise risk management program
• Support enterprise risk management activities during merger/acquisition events
• Ensure compliance with best practices and federal, state, and industry laws, regulations and guidance relative to operational risk management
• Other duties as assigned by the Chief Risk Officer

The above statements describe the general nature and level of work only.   They are not an exhaustive list of all required responsibilities, duties, and skills.  Other duties may be added, or this job description amended at any time.

QUALIFICATIONS

Education/Certification:                          
Bachelor’s degree, preferably in risk management, business administration, finance, or related field CERP, RIMS-CRMP, CRM certification or similar a plus

Required Knowledge:                    
Knowledge of operational risk management theory and practices
Knowledge of the COSO ERM and Internal Control Frameworks

Experience Required:                    
Seven years of experience in banking or financial services
Five years of experience working in relevant areas (risk management or operational management preferred, but will also consider other areas, such as audit, compliance, business continuity, project management, vendor management, or model risk)

Skills/Abilities:                              
Critical thinking and problem-solving skills
Quantitative and qualitative analytical skills
Attention to detail
Ability to convert concepts into tangible work product
Strong interpersonal skills to develop collaborative relationships with a broad range of stakeholders and within a small team
Ability to plan and direct project execution and meet deadlines with limited guidance
Ability to execute multiple simultaneous projects
Ability to interpret and apply concepts from outside sources such as business periodicals, technical procedures, and governmental regulations
Professional integrity and strong work ethic
Ability to convey thoughts logically, simply and succinctly in written and verbal communications and presentations
Ability to contribute to and support a cooperative work environment
Proficiency in Microsoft Office Suite including Word, Excel, PowerPoint, and Outlook

Locations: River Oaks, El Campo, Sugar Land, Plano Ops, Lubbock or Oklahoma City