Operational Risk Analyst - Vienna, United States - Idexcel
Description
Job Title: Operational Risk Analyst
Location: Vienna, VA/Pensacola, FL/Hybrid model (2 days onsite in a week)
Duration: Long Term
Top 3 Required Skills:
Technical analysis, Data analysis, Communication
Top 3 Desired Skills:
Risk assessment, Critical thinking, Data analysis
Description:
To review, analyze, and report on Clients risk, quality, service, and controls, to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities. Conduct risk assessments to ensure compliance with federal and state regulatory requirements, industry standards, and Client's 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. Assign corrective action target dates and ensure timely control implementation. 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.
Responsibilities:
Plan the research for and development of specialized risk assessment scopes Basic/Routine
Collaborate with management and personnel to optimize risk assessment scope development Moderate impact
Identify potential business risks, operational and regulatory process deficiencies and improvement opportunities Moderately Complex/Varied
Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management Moderate impact
Make recommendations for additional controls and corrective action to improve the efficiency and effectiveness of operations and risk mitigation processes Moderate impact
Prepare and present to management and/or affected business unit summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions Basic/Routine
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 Moderate impact
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 Moderate impact
Research escalated issues; determine or collaborate with team on the resolution Moderate latitude
Serves as coach/mentor to lower level staff Basic
Maintain clear and organized risk assessment documentation including data, scope, status, results, reports, corrective actions, and completion date Considerable impact
Identify training opportunities and assist in the development of lower level staff Basic
Develop and help administer optimal data testing and sampling strategies to ensure the most effective risk detection, analyses and control solutions Moderate impact
Qualifications:
Bachelors Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
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
Effective project management skills
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
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
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 skill at working with and communicating with all with all levels of employees and management within and outside the organization
Exposure to collaborating across organizational boundaries and building partnerships across various functions
Advanced customer service focus and relationship management skills
Experience in managing multiple priorities independently and/or in a team environment to achieve goals
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
Desired Working knowledge of operational and regulatory risk controls, concepts and practices
Desired Masters Degree in related field or equivalent combination of training, education and experience
Desired NCCO, CRCM, or other applicable compliance certification