Operational Risk Analyst II - Wealth Services (Hybrid)

Job Summary:

• Leads risk management initiatives to effectively identify, assess, mitigate and monitor operational risks across the LOBs and support functions. Analyzes the current business environment to detect critical deficiencies and recommend solutions to ensure timely and effective risk mitigation efforts.

Job Duties and Responsibilities:

• Provides input to the annual risk assessment process based on an approved risk assessment methodology.
• Leads the business units in identifying and assessing operational risks via RCSA (Risk Control Self-Assessment) workshops. This includes identifying mitigating controls by reviewing various process documents (policies & procedures, SOX narratives, etc.).
• Collaborates with management to determine the adequacy and effectiveness of controls and in developing action plans to remediate deficiencies and gaps identified in the internal control environment.
• Identifies and analyzes internal controls for improvements that increase the efficiency and effectiveness of the overall control environment. This includes integrating the concepts of Key Controls and Key Risk Indicators.
• Assists business unit management in the design, implementation and update of enhanced policies, procedures and processes to prevent non-compliance with laws, regulations and management approved policies.
• Supports the department by providing analytics relative to the trend of operational risks across the enterprise. Provides input to the quarterly Operational Risk Reports.
• Participates, and where appropriate, leads risk management initiatives to document risk and controls as a result of process changes, new products/services, etc. where scope may vary dependent on the line of business or support function.
• Provides day-to-day risk support to LOBs/support functions to build a culture and climate focused on the pro-active awareness of, and continuous improvement in, the operational risk environment, utilizing existing training materials and developing presentation materials where applicable.
• Stays abreast of industry and regulatory changes and trends to determine potential impact on business services and processes.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Minimum Education:

• Bachelors Degree in Accounting, Finance or Business Administration or a related field or an equivalent combination of education and experience.

Minimum Experience:

• Three years of experience identifying, documenting and evaluating risks and controls relating to operations, financial reporting, and compliance processes and objectives in banking or the financial services industry including relevant experience in internal/external audit, operational risk management, accounting and/or regulatory compliance, Sarbanes-Oxley compliance, or related.

Required Knowledge, Skills, & Abilities:

• Skill reviewing and understanding policies, procedures and regulations
• Strong communication skills, both written and verbal
• Solid presentation skills
• Strong proficiency using Microsoft Office Suite products, including MS Access, Excel, Word & Power Point
• Proven ability to partner effectively across all levels of the organization and develop positive working relationships
• Ability to independently prioritize and follow-up on commitments and take initiative to resolve issues
• Self-motivated, self-directed and able to work with minimal supervision

Preferred Knowledge, Skills, & Abilities:

• Relevant post-graduate degree preferred