Operational Risk Analyst Job Description
Operational risk analyst
provides oversight for execution of the Operational Risk Framework, including appropriate implementation of operational risk tools, methodologies, control standards and guidelines.
Operational Risk Analyst Duties & Responsibilities
To write an effective operational risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included operational risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Plan to completion and lead the development through implementation and hand-off of tests and associated tools to those who will execute, as assigned
Act as business contact with National Office stakeholders (Product/Process/Control owners, Centres of Governance – compliance) to understand key controls and/or requirements and how they could be tested (In-Take)
Provide oversight process to ensure businesses and functions are executing operational risk programs as required
Contribute to the requirements and development of technology tools and processes necessary for the effective execution of ORM programs
Performing metric data analysis at global, regional, legal entity level
Perform Risk Self Assessments
Assist in recording/monitoring the division’s Operational Loss Database
Represent division on certain ORM related activities and cross-divisional meetings, committees
Coaches staff and sr
Complete assessment and analysis work as required on Product Risk Review, problematic processes, outsource arrangements, key initiatives, significant loss events, what if scenarios for industry events
Operational Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Operational Risk Analyst
List any licenses or certifications required by the position: CFE, CAMS, CCBA, CBAP, CPA, SSAE, CISSP, CISA, CRCM, NCCO
Education for Operational Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the operational risk analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Education, Business/Administration, Management, Economics, Engineering, Auditing, Computer Science
Skills for Operational Risk Analyst
Desired skills for operational risk analyst include:
Excel
Tools
Process
Enterprise and operational risk management framework and principles
Risk and control self-assessment methodologies
COSO framework
Job area typically obtained through advanced education combined with experience
EGRC technologies
Financial statement reporting risk
Internal controls
Desired experience for operational risk analyst includes:
Defines and drafts the business specifications for samples to be used in remote tests or the fully automated analytic review for fulfillment by team Business Information Analysts or by partnering with other technical teams
Risk & Control Monitoring (RCM) program analytic/non-analytic testing facing medium and high risks associated products, processes and regulatory requirements throughout Canadian Banking
RMFI Policy 5 compliance analytic/non-analytic testing and unit reporting per RMFI - ICR SLA - ScheduleE
Contributes to the operational effectiveness of RCM
Be the group's liaison and point of contact for operational risk modelling in the US
Working knowledge of SharePoint system is required
Operational Risk Analyst Examples
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Operational Risk Analyst Job Description
Job Description Example
Our growing company is looking for an operational risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk analyst
- Monitoring SEBI prescribed and offer document Investment Guidance and
- Operational Risk - Adopt and implement Group Operational Risk policy and methodology in the Asia region by coordinating entities in identifying and assessing operating risk (including risk assessment, scenario analysis and loss data collection)
- Point of coordination between First Line of Defense (Business Units, mostly with I.T.) and Third Line of Dense (Internal Audit) to ensure that group guidelines are understood
- Assist in resolution of issue/variance in RED QA
- Database to maintain Loss Incident's undertaken
- Risk and Control Self Assessment support for Risk Register/ Controls Inventory maintenance
- Assist with preparation of various Committee presentations
- Assist with various Projects/ initiatives
- Completion of the various country level RCSA’s across the EMEA offices (will not duplicate divisional RCSA work)
- Monitor and track timely completion of RCSA remediation plans
Qualifications for operational risk analyst
- Approximately 3 years of working experience or more, preferably in the banking industry
- Audit or risk management background a plus
- Strong understanding for risk identification, analysis, debate and resolution
- Presentation skills and senior leadership presence
- Regional regulatory and audit management exposure
- Strong ability to navigate in a matrix reporting environment and regional as well global stakeholder management
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Operational Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for an operational risk analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for operational risk analyst
- Designs and maintains the systems and tools used to support the scenario analysis program
- Ensure process activity and governance (controls) is efficient, effective, and aligned with AXP and the BU’s risk tolerance to prevent negative events from occurring
- Document, investigate and analyze operational incidents impacting the portfolio management process, for root cause and business impact analysis
- Support development and ongoing maintenance of operational risk management tools
- Recognize process improvement opportunities and recommend and support implementation of solutions
- Responsible for reviewing “Policies and Procedures”, “Operational Errors/Incidents”, “Plans & Results of Internal Inspections” and reporting the results of review to the management within the pre-set time period
- Responsible for administrative tasks in relation to reviewing tasks
- Responsible for communicating with other branches/divisions/offices and direct them from operational standpoint
- Ensures that the projects are completed on schedule and to budget
- Responsible for CSA (Control Self Assessment) related projects
Qualifications for operational risk analyst
- Support the design and implementation of operational risk governance model for the Commercial Banking Group
- MS-Access & SharePoint - Preferred
- Financial qualifications like CFA, FRM, PRMIA, CQF highly desirable
- Analyzes control environment of WM-CA’s business, processes, and products to identify gaps and recommend control enhancements to improve the environment
- Maintaining a focus on the task at hand and the desired results
- Lead the and further grow a team of operational risk analysts in the ongoing maintenance and further development of the Group Operational Risk Scenario framework across various jurisdictions (incl
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Operational Risk Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of operational risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for operational risk analyst
- Help maintain the COR Reference Data, including the Master Process Hierarchy, Control and Risk Libraries and Issue and Root Cause types
- Conduct analysis for the strategic rationalization, simplification and enhancement of the Master Process Hierarchy and Control and Risk Libraries
- Support the COR Reference Data Change Management Process, including organization of Ref Data Governance Forum meeting materials and minutes, liaison with requestors of change requests from LOBs and Corporate Functions, data usage and impact analysis related to changes
- Assists in the design, documentation, and execution of the scenario analysis program
- Assists in preparation and participation in scenario analysis workshops, including the identification of scenarios (“what if” events which could lead to material loss to the organization if not mitigated) and execution of the scenario analysis program standards
- Documents the results of scenarios
- Maintaining a flexible risk management infrastructure that allows consistent risk monitoring across IM’s investment platform
- Working with fund and risk professionals to respond to regulatory requests for information and to implement reporting and procedural changes to meet regulatory requirements
- Performs control assessments and analysis in support of risk management projects
- Identify opportunities to make the risk assessment more efficient and identify risk prevention opportunities
Qualifications for operational risk analyst
- 3 or more years of operations experience in Electronic Payment Processing (ACH/Wires), Commercial Lending, and/or Treasury and Capital Markets
- Ideally Mutual fund experience
- Also very relevant is experience in a finance related field, compliance, risk management, middle office, fund accountancy or internal audit
- B.Com, Post-Graduation Degree preferred
- Knowledge and credibility within the Risk Management/ Audit industry, mutual fund operations and compliance areas
- Ability to proactively identify risk and control issues within the business
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Operational Risk Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an operational risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk analyst
- Support the Risk and control self-assessment (RCSA) process
- Assist in the maintenance of the COR Reference Data, including the Master Process Hierarchy, Control and Risk Libraries and Issue and Root Cause types
- Assist in analysis for the strategic rationalization, simplification and enhancement of the Master Process Hierarchy and Control and Risk Libraries
- Maintain appropriate governance activities including business unit level oversight committees and operational risk profiling and reporting
- Maintain business level procedural documents to support the implementation of the operational risk framework
- Engage in the conduct of risk assessments using the company’s standard methodologies
- Provide oversight and analysis of routine and complex front office portfolio management trading activity
- Executes risk assessments to understand the impact of future state IMG and front office initiatives, including but not limited to new product assessments, changes to trading strategies (new instruments, new fund and account launches), targeted risk reviews and fundamental business changes
- Act as a point person for Wholesale Banking Operational Loss and Customer Reimbursement Program
- Assist the Operational Risk Management Group with implementing aspects of the operational risk management framework which includes the identification, assessment, and measurement of the Bank's risk and control environment
Qualifications for operational risk analyst
- CMA/CA/CGA/CPA or MBA
- 5+ years in the financial services industry preferably asset management experience
- Knowledge of GAM products, processes and organization
- Support projects to implement solutions to business problems
- Develop computer based desktop solutions to meet the day to day needs of the Derivative Product Operations group
- Strong experience in VBA/S-Plus/R/C++ or other similar packages necessary
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Operational Risk Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an operational risk analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for operational risk analyst
- Create monthly scorecard metrics for senior management reporting
- Update the RAU-RCSA Structure, a critical mapping that supports the Firm wide RCSA program, and update the monthly Reconciliation Report produced for the mapping
- Conduct annual reconciliation and rationalization of COR Reference Data
- Establish general or specific procedures, as needed, to govern the management of the COR Reference Data
- Manage a staff where the work is complex and diversified in nature
- Participate in new Call Monitoring Scorecard development
- Complete, review, and analyze the results of defined sampling and evaluation of various quality control processes
- Implement operational risk reporting solutions that are relevant, impactful, timely and user friendly
- Deliver a division-wide compliant control framework that ensures that processes, risk controls and risk hand-offs are properly communicated, led and executed
- Understand and explain the main types of risks handled within the Credit Risk Management function
Qualifications for operational risk analyst
- Bachelor’s degree in a quantitative field (e.g., accounting, finance, economics, statistics, math, ) or equivalent experience
- 5 or more years' risk management, compliance or audit, finance/accounting experience in banking industry
- Ability to present to peers and upper/executive management
- Good written and oral
- Relevant experience in Consumer Lending, Retail Banking and related processes
- Certifications relative to specific area of concentration (CIA, Risk Management Certification)