BCO - Sr. Operational Risk Analyst

1 month ago

Los Angeles, California, United States SMBC Full time

ABOUT THE ORGANIZATION

SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

The anticipated salary range for this role is between $135,000.00 and $181, The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.

To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

Specialties:

Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

JOB SUMMARY:

The Business Control Office - Sr. Operational Risk Analyst is responsible for adherence to SMBC MANUBANK (MANUBANK) Operational Risk Management Framework and Program to ensure operational risk is identified, assessed, monitored, and reported enterprise wide. Under the direction of the Business Control Officer, the Sr. Operations Risk Analyst will provide oversight over various Program components, including the Risk and Control Self-Assessments (RCSA), issue management and reporting, and operational risk event and loss reporting. The BCO Control and Monitoring Analyst will have a thorough understanding of operational risk frameworks and controls and be able to assist the business with 1st Line of Defense (LOD) risk management activities and escalate any new emerging risks or issues.

PRINCIPAL DUTIES & RESPONSIBILITIES:

  • Oversee the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses and regulatory scrutiny from failed internal processes, inadequate controls, and emerging risks.
  • Assess, monitor, and perform check and effectiveness of activities performed by the business unit and support functions have implemented the Program effectively and in accordance with the Bank's policies and procedures.
  • Responsible for driving the RCSA process to ensure consistent use of established framework and risk taxonomy for identifying, assessing, monitoring, and reporting on risk issues. Conduct challenge of the business unit's RCSA inputs to ensure risk is properly identified and assessed.
  • Facilitate operational risk event data collection, including the detailed review of specific operational risk issues/events and trends to identify significant or emerging risks and ensure appropriate remediation plans are implemented.
  • Manage the collection and review of operational loss data. Analyze the root cause of process breakdowns to identify trends and recommend appropriate control improvements.
  • Identify emerging risks within business drivers, regulatory and/or industry changes to ensure Bank policies and processes are adequately meeting these risks. Monitor the development or revision of policies and processes required to meet these risks.
  • Partner with business unit to develop periodic risk management metrics to quantify the unit's exposure to various types of operational risk. Monitor overall risk level within the line of business and the quality of the control environment to ensure alignment with the Bank's Risk Appetite Statements.
  • Review and evaluate new product/service and business initiative proposals to proactively identify and assess operational risks, challenge the proposed control environment, and provide recommendations to enhance the proposal.
  • Recommend and implement industry best practices to continuously improve the Program and maintain alignment with regulatory requirements and standards.
  • Establish and maintain positive working relationships with process owners, business management, and other Program stakeholders. Build strong relationships, influence stakeholders and business owners, and foster a compliance mindset across the organization.
  • Performs duties specific to the position and other functions as assigned.

POSITION SPECIFICATIONS:

  • Education: Preferred Bachelor's degree in business, accounting, or related discipline, or equivalent experience.
  • Skills/ Qualifications:
  • 10+ years of experience in operational risk management, internal controls, or related areas in a financial institution or financial services company.
  • Good working knowledge of operational risk frameworks and controls and understanding of the COSO internal controls framework.
  • Risk assessment experience includes evaluating and designing controls, conducting impact assessments, identifying control gaps, and remediating risk.
  • Strong analytical and quantitative skills in risk and internal controls.
  • Proven ability to quickly understand complex operational processes, effectively scope assessments, manage projects, and influence up and down across divisions.
  • Technical qualifications a plus, including understanding of data analytics, incident management, application testing, quality control, and change and release management.
  • Ability to analyze risk concentration areas, risk profiles, and leverage data from internal and external sources in order to assess and analyze complex risk issues (current, emerging and thematic) that have impacts across the enterprise
  • Excellent written and verbal communication skills

EOE STATEMENT

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at . Persons with disabilities may contact our Customer Contact Center toll-free at to request the information in this Notice in an alternative format.


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