Senior Operational Risk Analyst

2 weeks ago


Marquand, Missouri, United States Federal Home Loan Bank of Indianapolis Full time
Operational Risk Analyst at FHLBank

Purpose:

The Operational Risk Analyst role at FHLBank involves providing crucial support to the Operational Risk Management Group. This position plays a vital role in ensuring the Bank's operational risk management program effectively identifies, assesses, measures, monitors, and reports operational risks across the organization.

The Analyst will collaborate with process owners throughout the Bank to gain insights into business processes and the associated risk and control environment, with a focus on identifying opportunities for process enhancements. Additionally, they will be involved in preparing, analyzing, and presenting information to management and the Bank's Board of Directors.

Specific Responsibilities:
  • Support the Operational Risk Manager in implementing components of the operational risk management framework.
  • Monitor and follow up on operational risk events reported by management to ensure appropriate corrective actions are taken, including conducting root cause analysis.
  • Analyze operational risk event data and trends to detect anomalies or emerging concerns.
  • Provide monthly reports to key stakeholders on the status of operational risk events.
  • Collaborate with key stakeholders to identify risks through risk assessments and utilize risk rating methodology to measure risks.
  • Assist in overseeing the implementation of action plans derived from management self-reported issues and risk assessments, conducting quality assurance reviews of supporting evidence for issue management closure or remediation plan completion.
  • Maintain the Bank's end-user computing inventory for the current tool, including performing periodic testing, reviews, and program updates.
  • Complete quarterly operational risk estimate calculations, provide evidence to relevant departments, and support documentation maintenance and reporting.
  • Prepare various operational risk reports for the Bank's Risk Committee, the Board Risk Oversight Committee, and other stakeholders.
  • Regularly review Operational Risk Management Group procedures to ensure they are up to date and aligned with current practices.
  • Undertake other risk management projects and tasks as assigned.
Position Requirements:
  • Bachelor's degree, master's degree a plus, with a minimum of 5 years of operational risk, compliance, or audit experience in a financial services setting.
  • Detail-oriented with the ability to handle complex assignments.
  • Preferably have knowledge of various scripting languages such as Python.
  • Demonstrate a high degree of initiative, strong analytical skills, excellent verbal and written communication skills, and the ability to engage effectively with management.
  • Adaptability and flexibility in meeting assignment deadlines and workload fluctuations.
  • Manage multiple projects concurrently.
  • No record of any civil or criminal convictions that could pose a security risk to the Bank.
  • Ability to work full time.
  • Uphold and exemplify the bank's guiding principles.
FHLBank is an Equal Opportunity Employer.

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