Operational Risk Business Analyst

3 weeks ago

Boston, United States TalentBurst Full time

Operational Risk Business Analyst
Boston, MA (Hybrid)
Through September 2025

Position Summary
The Operational Risk Management Department is responsible for the direction, oversight, and reporting of operational risk management activities throughout the bank to comply with requirements established by Bank policy. ORM provides tools and
guidance to ensure business lines comprehensively and accurately identify, measure,
monitor, and control operational risks.
This temporary assignment is focused on executing the Detail Review project, which
includes process mapping, risk/control mapping and gap analysis. This role will be
working with various Bank functions (initially Bank Operations and Housing &
Community Investments), excluding Bank Technology. As part of a team of currently 4,
the selected worker will be supporting the Operational Risk Manager and Director,
Operational Risk Management in executing the mission of the department through
activities to implement procedures to monitor and report on operational risk management
throughout the Bank.
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 expected in the office to support
onboarding initially.

Specific Responsibilities for a Temporary Assignment
• Assist business units in the identification of risks and mitigating controls by
understanding each area's functions, processes, and workflows. Update 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, related summary
documentation and follow up actions.
• 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.
• Proficiency with Microsoft Office programs, Outlook, SharePoint, and Teams for
work assignments and communication is expected. Experience with VISIO a
plus.
• Excellent organizational skills.
Education
• A degree in finance, economics or a related field is preferred or equivalent 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.

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