Risk Officer – Operational

Role Overview

• Assist in the development, implementation, and maintenance of the bank's operational risk management framework, aligning with regulatory requirements and industry best practices.
• Contribute to the development and maintenance of operational risk policies, procedures, and standards.
• Promote awareness of operational risk management throughout the organization.
• Support the ongoing review and enhancement of the operational risk management framework.
• Work with departments to identify and assess operational risks, including risks related to processes, systems, people, and external events.
• Conduct risk assessments and gap analyses to identify weaknesses in controls.
• Facilitate risk workshops and other forums to gather information on operational risks.
• Maintain a risk register to track identified operational risks.
• Assist in the development and execution of control monitoring and testing programs to assess the effectiveness of operational risk controls.
• Review control documentation and testing results to identify control deficiencies.
• Track and monitor remediation efforts for identified control weaknesses.
• Provide guidance to business units on control design and implementation.
• Collect and analyze operational loss data to identify trends and patterns.
• Investigate significant operational loss events to determine root causes and contributing factors.
• Develop and implement corrective actions to prevent future loss events.
• Maintain a database of operational loss events.
• Assist in the development and execution of scenario analysis exercises to assess the potential impact of operational risks.
• Facilitate scenario workshops with business units to identify potential loss events and assess their impact.
• Document scenario results and develop action plans to mitigate identified risks.
• Assist in ensuring compliance with all applicable operational risk regulations and guidance.
• Support the preparation of regulatory reports related to operational risk.
• Participate in regulatory examinations and internal audits related to operational risk.
• Stay abreast of changes in operational risk regulations and industry best practices.
• Prepare and present reports on operational risk exposures, performance, and compliance to management.
• Communicate operational risk issues and concerns to relevant stakeholders.
• Provide training and education on operational risk management to bank staff.
• Participate in risk management committees and working groups.
• Participate in the review of new products and services to identify potential operational risks.
• Conduct risk assessments of new products and services and recommend appropriate controls.
• Ensure that new products and services are implemented in a manner that mitigates operational risks.

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting, or a related field.
• [Number] years of experience in operational risk management, internal audit, compliance, or a related field within a banking or financial services environment.
• Solid understanding of operational risk management principles, banking regulations, and internal control frameworks.
• Experience with risk assessments, control testing, and loss data analysis.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, interpersonal, and presentation skills.
• Proficiency in Microsoft Office Suite.
• Relevant certifications (e.g., CROA, FRM, CIA) are a plus.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time