Operations Risk Analyst - Hybrid

Position Title : Operations Risk Analyst

Location : Hybrid Vienna, VA , or Winchester , VA

Duration : 12 months

Operational Risk Analyst I Description To review, analyze, and report on company's risk, quality, service, and controls, to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities.

Conduct quality control review of risk assessments and controls testing results to ensure compliance with federal and state regulatory requirements, industry standards, and company operating procedures.

Maintain and update Operational Risk procedural manuals, job aides, and tools. Develop standard risk assessment scopes and conduct re-scoping of already established reviews to ensure validity. Perform analyses to determine the root cause of process gaps. Monitor corrective action target dates to ensure prompt remediation and control implementation to comply with regulatory government agencies' requirements. Maintain data in the compliance monitoring platform to ensure adherence with regulatory government agencies requirements. Perform moderately complex / varied tasks with moderate impact and latitude.

Responsibilities

Plan the research for and development of specialized risk assessment scopes

Collaborate with management and personnel to optimize risk assessment scope development

Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities

Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management

Conduct quality control review of risk assessments and controls testing results to ensure compliance with federal and state regulatory requirements, industry standards, and company operating procedures. Make recommendations for additional controls and corrective action to improve the efficiency and effectiveness of operations and risk mitigation processes

Prepare and present to management and / or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions

Maintain effective communication with other business units and support teams to remediate errors and assist with implementation of corrective actions related to non-compliance with policies and procedures

Analyze Internal and External Audit reports and recommend enhancements to the risk assessment process - Moderate impact

Partner and maintain effective working relationships with management to evaluate the progress of risk assessments and key issues raised during the review process and to facilitate the overall improvement of internal control structures Research escalated issues; determine or collaborate with team on the resolution

Maintain clear and organized risk assessment documentation including data, scope, status, results, reports, corrective actions, and completion date

Develops new and updates Operational Risk policies and procedures

Serve as primary point of contact and subject matter expert in meetings, committees, and major projects related to the development and improvement of processes and controls

Stay abreast of industry and regulatory related news and developments

Perform other duties as assigned

Qualifications

Working knowledge and understanding of risk-based auditing techniques and methodologies

Working knowledge of applicable federal and state regulations, company policies, and industry best practices

Working knowledge of operational and regulatory risk controls concepts and practices

Proven ability to plan, organize and effectively execute risk mitigation and process improvement initiatives

Working knowledge of products, services, processes, requirements, and systems related to the business unit

Ability to comprehend, analyze, interpret, communicate and apply government and financial industry regulations related principles and practices, and company instructions, procedures and policies

Ability to work independently and in a team environment

Effective communication with ability to exercise good judgement and tact in dealing with company senior management

Exposure to collaborating across organizational boundaries and building partnerships across various functions

Experience in managing multiple priorities independently and / or in a team environment to achieve goals

Desired

Working knowledge of operational and regulatory risk controls, concepts and practices

Desired - Working knowledge of company's functions, philosophy, operations and organizational objectives

Desired - Working knowledge of state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products / services

Desired - NCCO, CRCM, or other applicable compliance certification

Effective project management skills

Effective organizational, planning and time management skills Effective research and analytical skills

Effective communication and negotiation skills Effective skill maintaining accuracy with attention to detail and meeting deadlines

Effective skill at working with and communicating with all with all levels of employees and management within and outside the organization Advanced customer service focus and relationship management skills

Effective skill using innovative thinking to solve problems and facilitate the decision-making process

Effective word processing and spreadsheet software skills

Effective presentation software skills

Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience

Desired - Master's Degree in related field or equivalent combination of training, education and experience.

4 Reasons to Join Volitiion IIT, Inc. :

1. Our Commitment to You - We offer competitive pay, multi-year projects, and a list of exciting clients.

2. Work-Life Balance - We work hard; we work smart and have quality time for family and "life."

3. Our Mantra - We treat our consultants the way we want to be treated : with integrity, professionalism, and trust.

4. Career Development - We help you meet your career goals and continuously support your efforts to build your skillset.

Check out our Referral Program!

Volitiion IIT Inc will pay you up to $1000 for every qualified professional that you refer and we place. If you see a position posted by Volitiion IIT Inc. and know the perfect person for the job, please send us your referral.

Volitiion IIT Inc. is an Equal Opportunity / Affirmative Action Employer.

Salary : $1,000