Operational Risk Analyst I

Bank OZK•Little Rock, AR

About The Position

The Operational Risk Analyst I contributes to the quality of risk management across Bank OZK by helping develop, implement, maintain, and provide training on the Operational Risk Management Program, Framework, Policy, and procedures. The role supports the integration of risk, control, and operational loss data and processes within the GRC program and system, and coordinates operational risk activities with groups in the first and second lines. The analyst reviews and challenges risk assessments and operational loss events, analyzes root causes, and recommends process and control improvements. The position also develops reports and tools, prepares program updates for management and risk committees, and educates business unit managers, Operational Risk liaisons, and Risk Coordinators on program requirements.

Requirements

Bachelor’s degree or commensurate work experience.
Knowledge of bank products, lending operations, and technology.
Ability to communicate effectively verbally and in writing.
Effective organization, critical thinking, analytical, and problem-solving skills.
Initiative to accomplish work objectives.
Ability to work effectively and flexibly in a continually changing environment.
Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.
Ability to work without close supervision and maintain confidentiality.
Ability to work extended hours and travel overnight for business as needed.
Ability to work effectively in a team environment and maintain attention to detail.
Effective time management skills.
Skill in using computers and Microsoft Office, including Outlook, Word, Excel, and PowerPoint.
Ability to operate customary equipment and technology used in a business environment, with or without accommodation.

Nice To Haves

At least one year of work experience at a financial services company, specializing in operational risk management, enterprise risk management, or internal audit.

Responsibilities

Support policies, standards, guidelines, tools, models, and procedures, and integrate risk, control, and operational loss data and processes within the GRC program and system.
Coordinate Operational Risk Management activities with various groups in the first and second lines.
Implement and educate others on the policies, standards, guidelines, tools, models, and procedures that support the Bank’s operational risk management program.
Educate and/or challenge business unit managers and Operational Risk liaisons on the completeness of risk identification, end-to-end processes, inherent and residual risk ratings, and control design ratings during reviews of risk and control assessments.
Perform root cause analysis on risk events and operational losses and recommend process and control improvements to help prevent recurrence.
Challenge risk assessments and operational loss events, and maintain them in the Bank’s GRC system for management reporting and record management.
Design and implement reports and tools to support operational risk activities and projects.
Create and update Program reports and presentations for management, the Executive Risk Council, and the Board Risk Committee, including contributing to quarterly enterprise risk profiles aggregating company-wide risk appetite.
Educate Risk Coordinators on Operational Risk Program requirements to promote consistent program execution.
Provide executive management with regular updates on key risk initiatives, emerging issues, and program performance.
Follow Bank policies, procedures, and guidelines; maintain punctuality and attendance; and perform other risk management duties as needed.