Operational Risk Manager

Amalgamated Bank of NY•New York, NY

12h•$120,000 - $140,000•Hybrid

About The Position

This role resides within the Firm’s Enterprise Risk Management Department. As a Vice President of Operational Risk Management (FVP) in the second line of defense, the role is responsible for designing, implementing, and overseeing the operational risk framework to identify, assess, monitor, and control operational risks across the enterprise.

Requirements

Bachelor’s degree or equivalent experience.
5+ years of experience in Operational Risk Management or Enterprise Risk Management within financial services.
Strong knowledge of operational risk frameworks, risk taxonomies, and methodologies.
Demonstrated experience responding to regulatory exams and supervisory requests.
Excellent communication and relationship management skills.

Nice To Haves

Experience with GRC platforms and risk management systems.
Professional risk management certifications.

Responsibilities

Develops and maintains the operational risk framework, policies, procedures, and methodologies.
Facilitates and oversees Risk and Control Self-Assessments (RCSAs) in partnership with the first line of defense.
Reviews and challenges business processes, systems, and controls to identify material operational risks.
Oversees development and implementation of operational risk mitigation strategies and control enhancements.
Establishes and maintains operational risk appetite, limits, and thresholds, ensuring risk-taking remains within tolerance.
Develops operational risk scenarios and analytics to assess tail risk under adverse and severely adverse conditions.
Develops operational risk metrics and key risk indicators (KRIs) to monitor trends and emerging risks.
Prepares operational risk reporting to senior management, board committees, and regulators.
Provides oversight of operational risk governance processes and forums.
Coordinates with Internal Audit, Compliance, and other control functions to address operational risk issues and findings.