Operational Risk Analyst I

Centennial Bank•Conway, AR

22h•Onsite

About The Position

The Operational Risk Analyst I supports the Operational Risk Management (ORM) Program and will contribute to the development and ongoing support of the Banks risk management programs. This position monitors and reports operational risk related to the application of bank policies and procedures as well as state and federal laws and regulations. The Operational Risk Analyst I supports duties that involve research, analysis, reporting, and handling of confidential information, as well as communication with bank management and/or various bank-level committees.

Requirements

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Equivalent to a four year college degree, plus 12 to 18 months related experience and/or training, or equivalent combination of education and experience.
Ability to write reports, business correspondence, and policy/procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions.
Ability to deal with problems involving several known variables in situations of a routine nature.
Intermediate: Presentation/PowerPoint, Spreadsheet
Basic: Alphanumeric Data Entry, Other, Word Processing/Typing

Nice To Haves

Knowledge of banking operations is preferred
Experience and/or knowledge of BI solutions or data analytics is preferred

Responsibilities

Responsible for several aspects of the risk assessment process. This can include engaging with all Lines of Business in process/control mapping, building out risk assessments, identifying control gaps/weaknesses, documenting issues, analyzing results, preparing assessment reports, and providing effective challenge on completed assessments.
Provides support in implementing, maintaining, and enhancing the Bank's Three Lines of Defense Program.
Identifies and supports efforts to strengthen internal controls.
Assists in monitoring of the First Line testing of internal controls to identify operational risk exposures and ensure timely and effective corrective action is taken.
Supports ORM in the development of operational risk scenario analysis and review operational loss events.
Assists in developing program enhancements in line with regulatory expectations and industry practices.
Assists in standardizing and maintaining a robust report and risk taxonomy using the Bank's GRC platform.
Monitors internal metrics and industry trends to assist in identifying and mitigating emerging operational risks.
Assists in the implementation and ongoing maintenance of the Bank's GRC platform. This will include serving as an administrative user for the system.
Drafts and reviews policies and procedures related to the Operational Risk Management Program.
Responsible for preparing reports for Executive Management and/or other board level committees as required.
Works in conjunction with staff from front line operating units and various other LOBs such as ERM, Information Technology, Information Security, Compliance, and Internal Audit to ensure that operational risk exposures are appropriately identified, measured, monitored, and controlled.
Assists in planning and coordination of both Internal and External Audits.
Completes all required BSA/AML training, as well as other compliance and risk management training as required. Seeks continuing education opportunities to expand knowledge of risk management principles.
The ability to work in a constant state of alertness and in a safe manner.
Perform any other related duties as required or assigned.