Operational Risk Manager

EagleBank•Bethesda, MD

16h

About The Position

EagleBank is a values-driven organization focused on being Flexible, Involved, Responsive, Strong, and Trusted. We prioritize meaningful connections with our customers, employees, and shareholders, delivering compelling and valuable service. EagleBank is committed to inclusion, equity, and respect, celebrating diversity and learning from one another's experiences. We believe employees are essential to building relationships and invest in employee growth and wellbeing through resource groups, mentorship programs, community service, and scholarship opportunities. Benefits include maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in HSA accounts, and 100% 401(k) matching up to 4%. The Operational Risk Manager drives and supports the Operational Risk Management framework to effectively identify, monitor, measure, and control the Bank's operational risk profile. This role is part of the Enterprise Risk Management function and will lead all aspects of the governance of the operational risk management program, providing senior management with data-driven reporting, analytics, and insights for sustainable risk remediation, management, strategic planning, and decision-making.

Requirements

Bachelor’s Degree in Arts/Sciences (BA/BS) Finance, Business, Risk Management, or a related field.
10 years of experience in operational risk, internal audit, or control testing within banking or financial services.
In-depth understanding of the operational risk management principles, frameworks, and methodologies within the financial services industries, including the knowledge of regulatory requirements and industry, best practices.
Ability to analyze data, identify trends, and assess risks in operational processes and systems in partnership with the first line.
Strong, verbal and written communication skills.
Ability to work collaboratively with stakeholders and attain agreement across all three lines of defense.
Being meticulous and thorough in assessing risks, evaluating controls, and monitoring risk mitigation and performance measures in the second line capacity.
Advanced Excel, Access, or other data-mining tools experience.
Critical thinking skills.
Process-oriented.

Nice To Haves

Master’s degree in Arts/Sciences (MA/MS) in a related field.

Responsibilities

Assist with the development, implementation, and maintenance of a comprehensive second line Operational Risk Management Program including policy, standards, procedures, and tools in alignment with the Enterprise Risk Management framework.
Implementation and the execution of the enterprise wide Risk And Control Self Assessments (“RCSA”) and the annual Enterprise Risk Assessment from a second line oversight perspective, and an ongoing maturation of the programs.
Work with the business lines to identifying risks and controls based on the Bank’s risk taxonomy.
Responsible for maintaining the Bank’s risk and control inventory.
Partner with business units to enhance risk identification and mitigation strategies.
Design and implement a risk-based testing program to assess the effectiveness of internal controls.
Perform periodic testing of key operational controls to verify their design and effectiveness.
Document findings and collaborate with control owners to implement improvements.
Develop and monitor operational risk Key Risk Indicators (KRIs), loss events, and other data to detect emerging risks and trends.
Prepare regular reports to senior management on operational risk exposures, trends, and key initiatives.
Assist in producing and consolidating management and board committee reporting materials.
Maintain accurate and up-to-date risk data in the organization’s risk management system.
Promote a culture of risk awareness by conducting training sessions on operational risk framework elements.
Stay abreast of the industry and regulatory developments and emerging risks and trends to ensure the effectiveness and the relevance of the operational risk management program.
Any other responsibilities as assigned related to risk management.