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    Operational Risk Analyst - Vienna, United States - Idexcel

    Idexcel
    Idexcel Vienna, United States

    3 weeks ago

    Default job background
    Technology / Internet
    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 Client's 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:

    Bachelor's 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 – Master's Degree in related field or equivalent combination of training, education and experience

    Desired – NCCO, CRCM, or other applicable compliance certification



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