Senior Operational Risk Analyst Federal Home Loan Bank of Boston
2 weeks ago
Federal Home Loan Bank of Boston (FHLBank Boston) is a leading provider of wholesale funding for housing and community finance serving financial institutions across New England. FHLBank Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.
Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.
Position Summary
The Operational Risk Management Department (ORM) is responsible for the direction, oversight, and reporting of operational risk management activities throughout the bank to comply with requirements established by the Federal Housing Finance Agency and Bank policy. ORM provides tools and guidance to ensure business lines comprehensively and accurately identify, measure, monitor, and control operational risks.
This position is responsible for supporting the Operational Risk Manager and Director, Operational Risk Management in executing the mission of the department through activities which implement policies and procedure or monitor and report on operational risk management throughout the Bank.The position will be responsible for all aspects of operational risk management oversight of assigned business units.
This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.More time will be encouraged in the office to support onboarding initially.
Specific Responsibilities
·Build awareness of the Bank’s risk management framework by effective communication and training.
·Assist business units in the identification of risks and mitigating controls by understanding each area’s functions, processes, and workflows. Maintain the operational risk and control inventory database to compile, analyze, and report on risks and controls at the business unit and bank level.
·Coordinate the completion of risk and control assessments and annual enterprise assessment reviews.
·Support and enhance the quantification and modeling of operational risk.
·Investigate and analyze operational risk events to identify root cause, remediation, and opportunities for improvement. Challenge business lines to enact improvements that preclude future event occurrences. Analyze and identify trends.
·Monitor business unit project initiatives to identify and opine on implementation risks and changes to business unit risk profiles.
·Coordinate, analyze, and report on the results of prospective operational risk-related surveys with business units. Assist business units in identifying and reporting key risk and control indicators.
·Understand the use of end-user developed applications (EUDAs) employed and ensure compliance to Bank policy
·Assist in the development of new operational risk management standards, policies and procedures to ensure compliance with regulations, advisory bulletins, and overall corporate guidance on risk activities.
·Collect and analyze data to create risk metric reporting for the Board of Directors and Operational Risk Committee.
Other duties, as assigned.
Knowledge/Skills
Broad understanding of all bank products and processes including lending, treasury, accounting, and bank operations (payments processing, securities safekeeping, derivatives processing).
·Ability to analyze and document process workflows to identify risks and mitigating controls.
·Strong written and oral communication skills with experience performing in a team-oriented environment.
·Strong analytical skills and advanced proficiency with Microsoft Excel required
·Excellent organizational skills.
·Familiarity with Microsoft Access, database query tools, Power BI, Python, and/or other desktop technology
Education
·A degree in finance, economics or a related field is preferredorequivalent work experience.
Experience
·Five (5) to Seven (7) years of relevant work experience in financial services, financial consulting or a financial regulatory agency, preferably in a risk management or audit capacity.
The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity
Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
#J-18808-Ljbffr
-
IT Risk Manager Federal Home Loan Bank of Boston
2 weeks ago
Boston, United States Diversity@Workplace Consulting Group Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Boston, United States Diversity@Workplace Consulting Group Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Boston, United States CareerBuilder Full timeFederal Home Loan Bank of Boston (FHLBank Boston) is a leading provider of wholesale funding for housing and community finance serving financial institutions across New England. FHLBank Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than...
-
Boston, United States Diversity@Workplace Consulting Group Full timePosition Summary This role manages existing analytical resources, and develops new ones, to effectively support the utilization of the Bank’s products. The Strategist contributes to the development of member-focused strategies and tactics, communicating directly to members or in collaboration with the member’s relationship manager. The Strategist...
-
(Senior) Financial Strategist
Found in: beBee S US - 2 days ago
Boston, United States Federal Home Loan Bank of Boston Full timePosition Summary This role manages existing analytical resources, and develops new ones, to effectively support the utilization of the Bank's products. The Strategist contributes to the development of member-focused strategies and tactics, communicating directly to members or in collaboration with the member's relationship manager. The Strategist...
-
Senior ETL Developer
Found in: beBee jobs US - 22 hours ago
Boston, Massachusetts, United States Federal Home Loan Bank of Boston Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Member Funding Associate
2 weeks ago
Boston, United States Federal Home Loan Bank of Boston Full timeMember Funding Associate Location: Boston Job Code: 399 # of openings: 1 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better...
-
Entry Level Community Outreach Associate
Found in: Jooble US O C2 - 3 weeks ago
Boston, MA, United States Federal Home Loan Bank of Boston Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Financial Strategist
Found in: beBee jobs US - 5 days ago
Boston, Massachusetts, United States Federal Home Loan Bank of Boston Full timePosition Summary This role manages existing analytical resources, and develops new ones, to effectively support the utilization of the Bank's products. The Strategist contributes to the development of member-focused strategies and tactics, communicating directly to members or in collaboration with the member's relationship manager. The Strategist analyzes...
-
Community Investment Manager
Found in: beBee S US - 3 weeks ago
Boston, United States Federal Home Loan Bank of Boston Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Community Investment Manager
Found in: beBee jobs US - 2 weeks ago
Boston, Massachusetts, United States Federal Home Loan Bank of Boston Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Member Funding Associate
2 days ago
Boston, United States Federal Home Loan Bank of Boston Full timeMember Funding Associate Location: Boston Job Code: 399 # of openings: 1 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better...
-
Member Funding Associate
Found in: Jooble US O C2 - 3 weeks ago
Boston, MA, United States Federal Home Loan Bank of Boston Full timeMember Funding Associate Location: Boston Job Code: 399# of openings: 1 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better...
-
Boston, United States RPMGlobal Full timeSenior or Lead Bank/Treasury Operations Specialist Location: Boston Job Code: 390 # of openings: 2 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to...
-
Exam Manager Ii
5 days ago
Boston, United States Federal Reserve Bank of Boston Full timeCompany Federal Reserve Bank of Boston As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing...
-
Dedicated Supervisory Team
5 days ago
Boston, United States Federal Reserve Bank of Boston Full timeCompany Federal Reserve Bank of Boston As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing...
-
Business Project Manager
5 hours ago
Boston, United States RPMGlobal Full timeBusiness Project Manager - Bank Operations Location: Boston Job Code: 400 # of openings: 1 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New...
-
Risk Analyst, Enterprise Risk Management
2 days ago
Boston, United States Brown Brothers Harriman Full timeAt BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application! What You Can Expect At BBH: If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You...
-
Risk Analyst, Enterprise Risk Management
1 week ago
Boston, United States Brown Brothers Harriman Full timeAt BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application! What You Can Expect At BBH: If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You...
-
Loan Operations Analyst
Found in: Appcast US C2 - 4 days ago
Boston, United States Selby Jennings Full timeMy client, a multi-strategy private market investment firm, is seeking an individual Loan Operations Analyst to join their growing Business Credit team in the Boston office. This individual will split their time between loan operations, direct investment operations, and ad hoc projects. This is a hybrid schedule in Boston, MA.Responsibilities:Create interest...