Operational Risk Analyst at Valley Bank in Morristown, NJ, US

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Job Description

Responsibilities include but are not limited to:
* 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 appetit 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 enahcne reporting of key metrics.

Other Responsibilities:
* Coordinate activities among internal control departments.
* Comply with all regulations pertaining to BSA, USA PATRIOT ACT, and OFAC. Complete annual BSA training. Report suspicions of criminal activity, or any attempt to avoid BSA reporting requirements on the part of customers or employees, to the AML/BSA Compliance Department. For supervisory positions, ensure BSA training requirements are completed by staff.
* Perform other job duties as deemed necessary by supervisor.

Requirements:
Required Skills:
* Technical aptitude and motivation to learn all aspects of the Risk system (GRC). Candiddate should have the motivation to drive system and process improvments in the organization.
* Excellent oral and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management.
* Knowledge of the various functions of a commercial bank (including retail/commercial lending, wealth management, investments, operations, etc).
* Ability to effectively respond to shifting priorities and assignments.
* Proficient PC skills in Microsoft Office suite - Power BI, Word, Excel, and PowerPoint as well as GRC software.
* Sound analytical and research skills. Have technical expertise and be able to adapt and learn the Risk system (GRC) and technology quickly
* Ability to prepare executive and Board-level reports including memoranda and PowerPoint presentations.
* Well-organized and detail oriented.
* Ability to meet deadlines and expectations with little or no supervision.

Required Experience:  


* Bachelor's Degree majoring in Finance, Accounting or Business-related discipline and a minimum of two-years' experience in activities relating to banking and the financial services industry.
* Minimum of two-years' experience in activities relating to Risk Management.  

Experience using a Risk System (GRC) such as Logic Manager, Metric Stream, RSA Archer, etc. preferred.
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