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Operational Risk Analyst

  • Morristown, New Jersey
  • Full Time

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Office Status: Hybrid
Salary: Up to $115,000

Responsibilities:

  • Work enterprise-wide to develop and identify key risk indicators to monitor the bank wide risks across all risk streams.
  • Provide Management and Board level MIS and reporting that speaks to the status of the risk profile and program. Develop and review on a yearly basis, appropriate KRI, KPIs and risk thresholds for all risk streams.
  • Obtain metric (KRI and KPI) information from business line owners and complete detailed analysis on the results. Work with business lines to test results when they fall out of defined risk ranges.
  • Assist the Head of Operational Risk) in analyzing key risk metrics as compared to the results of the risk assessment process to determine the continued applicability and/or materiality of metrics being reported.
  • Oversee, maintain and continually enhance the current Governance, Risk – Compliance (GRC) system. The GRC is in place to facilitate automate and streamline reporting of the Operational Risk Profile including but not limited KRIs and enterprise-wide risk dashboards.
  • Utilizing the GRC system, compile all risk data and provide enterprise reporting on a quarterly basis from all lines of business and support areas. This information will be utilized by the Director of Enterprise Risk Management to report to the Board the risk appetite status.
  • Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank. Utilize Microsoft technology (Excel, Power BI) technology to build and enhance reporting of key metrics