Operational Risk Analyst I (OPERA012947) - #1408404
Centennial Bank
Date: 3 weeks ago
City: Conway, AR
Contract type: Full time
This job was posted by https://www.arjoblink.arkansas.gov : For more
information, please see: https://www.arjoblink.arkansas.gov/jobs/4459048
**GENERAL DESCRIPTION OF POSITION**
The Operational Risk Analyst I will directly support the Operational
Risk Management (ORM) Program and will contribute to the development and
ongoing support of the Bank\'s risk management programs. This role is
responsible for the monitoring and reporting of operational risk related
to the application of bank policies and procedures as well as state and
federal laws and regulations. In this role, the employee will be
participating in most aspects of the risk assessment process and
assisting in the administration of the Bank\'s Governance, Risk, and
Compliance (GRC) tool. This role will also include, at a minimum,
support duties that involve research, analysis reporting, and handling
of confidential information, as well as communication with bank
management and/or various bank level committees. Strong interpersonal
skills are essential in building relationships with risk management and
line of business partners across the Bank to help drive a strong risk
culture.
**ESSENTIAL DUTIES AND RESPONSIBILITIES**
1\. 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. This duty is performed as needed, about 20% of the time.
2\. Provides support in implementing, maintaining, and enhancing the
Bank\'s Three Lines of Defense Program. This duty is performed as
needed, about 20% of the time.
3\. Identifies and supports efforts to strengthen internal controls.
This duty is performed as needed, about 5% of the time.
4\. 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. This duty is performed as needed, about 10%
of the time.
5\. Supports ORM in the development of operational risk scenario
analysis and review operational loss events. This duty is performed as
needed, about 5% of the time.
6\. Assists in developing program enhancements in line with regulatory
expectations and industry practices. This duty is performed as needed,
about 5% of the time.
7\. Assists in standardizing and maintaining a robust report and risk
taxonomy using the Bank\'s GRC platform. This duty is performed as
needed, about 5% of the time.
8\. Monitors internal metrics and industry trends to assist in
identifying and mitigating emerging operational risks. This duty is
performed as needed, about 5% of the time.
9\. Assists in the implementation and ongoing maintenance of the Bank\'s
GRC platform. This will include serving as an administrative user for
the system. This duty is performed as needed, about 15% of the time.
10\. Drafts and reviews policies and procedures related to the
Operational Risk Management Program. This duty is performed as needed,
about 5% of the time.
11\. Responsible for preparing reports for Executive Management and/or
other board level committees as required. This duty is performed as
needed, about 5% of the time.
12\. 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. This duty is performed as needed.
13\. Assists in planning and coordination of both Internal and External
Audits. This duty is performed as needed.
14\. Completes all required BSA/AML training, as well as other
compliance and risk management training as required. Seeks continuing
e ucation opportunities to expand knowledge of risk management
principles. This duty is performed quarterly.
15\. The ability to work in a constant state of alertness and in a safe
manner. This duty is performed daily.
16\. Perform any other related duties as required or assigned.
**QUALIFICATIONS**
To perform this job successfully, an individual must be able to perform
Each Essential Duty Mentioned Satisfactorily. The Requirements Listed
below are representative of the knowledge, skill, and/or ability
required.
**EDUCATION AND EXPERIENCE**
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.
**COMMUNICATION SKILLS**
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.
**MATHEMATICAL SKILLS**
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 prop
information, please see: https://www.arjoblink.arkansas.gov/jobs/4459048
**GENERAL DESCRIPTION OF POSITION**
The Operational Risk Analyst I will directly support the Operational
Risk Management (ORM) Program and will contribute to the development and
ongoing support of the Bank\'s risk management programs. This role is
responsible for the monitoring and reporting of operational risk related
to the application of bank policies and procedures as well as state and
federal laws and regulations. In this role, the employee will be
participating in most aspects of the risk assessment process and
assisting in the administration of the Bank\'s Governance, Risk, and
Compliance (GRC) tool. This role will also include, at a minimum,
support duties that involve research, analysis reporting, and handling
of confidential information, as well as communication with bank
management and/or various bank level committees. Strong interpersonal
skills are essential in building relationships with risk management and
line of business partners across the Bank to help drive a strong risk
culture.
**ESSENTIAL DUTIES AND RESPONSIBILITIES**
1\. 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. This duty is performed as needed, about 20% of the time.
2\. Provides support in implementing, maintaining, and enhancing the
Bank\'s Three Lines of Defense Program. This duty is performed as
needed, about 20% of the time.
3\. Identifies and supports efforts to strengthen internal controls.
This duty is performed as needed, about 5% of the time.
4\. 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. This duty is performed as needed, about 10%
of the time.
5\. Supports ORM in the development of operational risk scenario
analysis and review operational loss events. This duty is performed as
needed, about 5% of the time.
6\. Assists in developing program enhancements in line with regulatory
expectations and industry practices. This duty is performed as needed,
about 5% of the time.
7\. Assists in standardizing and maintaining a robust report and risk
taxonomy using the Bank\'s GRC platform. This duty is performed as
needed, about 5% of the time.
8\. Monitors internal metrics and industry trends to assist in
identifying and mitigating emerging operational risks. This duty is
performed as needed, about 5% of the time.
9\. Assists in the implementation and ongoing maintenance of the Bank\'s
GRC platform. This will include serving as an administrative user for
the system. This duty is performed as needed, about 15% of the time.
10\. Drafts and reviews policies and procedures related to the
Operational Risk Management Program. This duty is performed as needed,
about 5% of the time.
11\. Responsible for preparing reports for Executive Management and/or
other board level committees as required. This duty is performed as
needed, about 5% of the time.
12\. 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. This duty is performed as needed.
13\. Assists in planning and coordination of both Internal and External
Audits. This duty is performed as needed.
14\. Completes all required BSA/AML training, as well as other
compliance and risk management training as required. Seeks continuing
e ucation opportunities to expand knowledge of risk management
principles. This duty is performed quarterly.
15\. The ability to work in a constant state of alertness and in a safe
manner. This duty is performed daily.
16\. Perform any other related duties as required or assigned.
**QUALIFICATIONS**
To perform this job successfully, an individual must be able to perform
Each Essential Duty Mentioned Satisfactorily. The Requirements Listed
below are representative of the knowledge, skill, and/or ability
required.
**EDUCATION AND EXPERIENCE**
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.
**COMMUNICATION SKILLS**
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.
**MATHEMATICAL SKILLS**
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 prop
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