Operational Risk Management Specialist

6 days ago


New Canaan, Connecticut, United States Bankwell Full time
About Bankwell

Bankwell is a commercial banking institution with a significant asset base, serving the financial needs of businesses and individuals. Our organization prides itself on delivering high-quality banking services with a personal touch, leveraging the expertise and dedication of our experienced team of professionals. We excel in providing tailored solutions for our business and commercial clients, thanks to our deep industry knowledge, flexibility, and innovative treasury and financing services. Our commitment to giving back is evident through our involvement with various not-for-profit organizations that positively impact the lives of others. We are dedicated to supporting the communities we serve, and more information about Bankwell can be found at our website.

Job Summary

The Operational Risk Manager is a critical role that assists the Director of Risk Management in conducting due diligence on new and existing third-party relationships and vendors. This position is responsible for performing and assisting in the performance of reviews on all non-mission critical third-party and vendor relationships. The Operational Risk Manager will work closely with business units to conduct Operational Risk Assessments, including escalating potential issues and assisting in the oversight of Model Risk Management.

Key Responsibilities
  • Operational Risk Identification and Assessment: Identify and assess operational risks across the organization, develop and maintain a comprehensive risk register, conduct regular risk assessments and evaluations to determine the potential impact of identified risks.
  • Risk Mitigation and Control: Develop and implement risk mitigation strategies and action plans, design and implement effective risk controls and measures to minimize operational risks, monitor the effectiveness of risk controls and adjust them as necessary.
  • Risk Management Policies and Procedures: Develop, update, and enforce operational risk management policies and procedures, ensure that policies and procedures comply with regulatory requirements and industry standards, communicate policies and procedures to relevant stakeholders and ensure their understanding and adherence.
  • Operational Risk Monitoring and Reporting: Monitor operational risk indicators and key risk metrics, prepare and present regular risk reports to senior management and the board of directors, ensure timely and accurate documentation and reporting of risk management activities.
  • Incident Investigation and Root Cause Analysis: Lead investigations into operational risk incidents and identify root causes, develop and implement corrective actions to prevent recurrence of incidents, maintain an incident log and track the status of corrective actions.
  • Risk Management Training and Awareness: Develop and deliver risk management training programs for employees, promote a risk-aware culture within the organization through regular communication and awareness initiatives.
  • Vendor Risk Management: Evaluate and monitor the risk associated with third-party vendors and service providers, develop and implement vendor risk management policies and procedures, conduct due diligence and regular assessments of vendors to ensure compliance with organizational standards and regulatory requirements, collaborate with other departments to negotiate vendor contracts and manage vendor relationships, maintain a vendor risk register and ensure timely reporting and documentation of vendor-related risk.
  • Regulatory Compliance and Audits: Stay updated on regulatory changes and ensure the organization's operational risk management practices are compliant, assist in regulatory audits and examinations as needed.
  • Cross-Functional Collaboration: Work closely with other departments to ensure a comprehensive approach to risk management, collaborate with external auditors, regulators, and other stakeholders on risk-related matters, act as a trusted advisor to senior management on operational risk issues.
  • Operational Risk Governance: Compile and prepare materials for the oversight and governance of operational risk, including materials related to third-party risk management and other risk areas as necessary to achieve the goals of the job.
Requirements
  • Qualifications and Skills: Minimum of 5-7 years of experience in risk management, internal audit, or a related field.
  • Proven Track Record: Proven track record of managing operational risk in a corporate environment.
  • Education: Bachelor's degree in risk management, finance, business administration, or a related field is required.
  • Analytical and Communication Skills: Excellent analytical and problem-solving skills, strong communication and interpersonal skills.
  • Leadership and Influence: Ability to lead and influence others at all levels of the organization.
  • Integrity and Ethical Judgment: High level of integrity and ethical judgment.
  • Advanced Degree and Certifications: Advanced degree (e.g., MBA, MS in Risk Management) is preferred, certifications such as Certified Risk Management Professional (CRMP), Financial Risk Manager (FRM), Certified in Risk and Information Systems Control (CRISC) preferred.


  • New Canaan, Connecticut, United States Bankwell Full time

    About BankwellBankwell is a commercial banking institution with a significant asset base, serving the financial needs of businesses and individuals. Our organization prides itself on delivering high-quality banking services with a personal touch, leveraging the expertise of our experienced team of professionals. We excel in providing tailored solutions for...


  • New Canaan, Connecticut, United States Bankwell Full time

    About BankwellBankwell is a commercial banking institution with a significant asset base, serving the financial needs of businesses and individuals. Our organization prides itself on delivering high-quality banking services with a personal touch, leveraging the expertise and dedication of our experienced team of professionals. We excel in providing tailored...


  • New Canaan, Connecticut, United States Bankwell Full time

    About BankwellBankwell is a commercial banking institution with a significant asset base, serving the financial needs of businesses and individuals. Our organization prides itself on delivering high-quality banking services with a personal touch, leveraging the expertise and dedication of our experienced team of professionals. We excel in providing tailored...


  • New Haven, Connecticut, United States IKEA Full time

    Position Overview: We are seeking a dedicated individual to join our team as a Security and Risk Management Specialist. This role is essential in ensuring the safety and security of our facilities and personnel.Qualifications:Minimum of 1 year of relevant work experience.Preferred background in retail safety, security, or loss prevention.High School Diploma...


  • Canaan, Connecticut, United States BD (Becton, Dickinson and Company) Full time

    **Job Summary**BD (Becton, Dickinson and Company) is seeking a highly skilled and motivated Operations Support Specialist to join our team. As an Operations Support Specialist, you will play a critical role in ensuring the smooth operation of our manufacturing facilities.**Key Responsibilities:**Provide training and support to manufacturing associates to...


  • Canaan, Connecticut, United States MILLENNIUMSOFT Full time

    Job DescriptionJob Summary:MILLENNIUMSOFT is seeking a skilled Assembly Operations Specialist to join our team. As an Assembly Operations Specialist, you will be responsible for performing testing and inspection of medical devices, conducting quality inspections on processing lines, and working within clearly defined SOPs and scientific methods.Key...


  • New Canaan, Connecticut, United States Bankwell Full time

    Job SummaryBankwell is seeking a highly skilled Payment Operations Manager to oversee the daily operations of the Payment Operations department. This role is responsible for ensuring the efficient and accurate processing of payments, compliance with relevant regulations, and the continuous improvement of payment systems and processes.Key...


  • New Canaan, Connecticut, United States Bankwell Full time

    About BankwellBankwell is a commercial bank with a strong presence in the financial services sector, serving the banking needs of businesses and individuals. Our team of experienced professionals is dedicated to providing high-quality banking services with a personal touch.Job SummaryThe Payment Operations Manager is a key role within our organization,...


  • New Haven, Connecticut, United States Webster Bank Full time

    Job DescriptionJob Summary: We are seeking a highly skilled Risk Management Professional to join our team at Webster Bank. As a key member of our Commercial Banking Risk Management team, you will play a critical role in ensuring the effective management of risk across our business lines.Key Responsibilities:Facilitate Enterprise Risk Program Execution:...


  • New Haven, Connecticut, United States BankMobile Full time

    Risk Management Analyst Position at BankMobileAs a Risk Management Analyst at BankMobile, you will be instrumental in supporting the Risk division by evaluating risk elements that influence financial performance. Your responsibilities will include assessing business concepts to ascertain their feasibility in relation to the risk preferences of stakeholders....


  • Canaan, Connecticut, United States Velocity Enterprises Full time

    About Velocity Enterprises:We are a modern municipal company in the recycling industry, dedicated to providing efficient and competitive waste management services to our community. Our company is supervised by a board of directors, ensuring that our operations are aligned with the needs and expectations of our stakeholders.What We Offer:Competitive Salary...


  • New Haven, Connecticut, United States BankMobile Full time

    Risk Management Analyst Role at BankMobileIn the capacity of a Risk Management Analyst at BankMobile, you will be instrumental in fortifying the Risk division by scrutinizing risk elements that influence financial performance. Your primary duty will involve assessing business initiatives to ascertain their feasibility in accordance with the risk preferences...


  • New Canaan, Connecticut, United States Silver Hill Hospital Full time

    Job SummaryThe Landscape Operations Manager will oversee the planning, supervision, and leadership of the landscape team and contractors engaged in landscape preservation, restoration, construction, maintenance, and management. This role will support the restoration and maintenance of the property, as well as other departments leading educational...


  • New London, Connecticut, United States RenaissanceRe Full time

    About the RoleRenaissanceRe is a leading global reinsurer, providing innovative solutions to help our customers manage risk and uncertainty. We are seeking an experienced IT Security Governance Analyst to join our Security team, responsible for managing our third-party vendor assessment program and supporting various cyber Governance, Risk, and Compliance...


  • New Haven, Connecticut, United States Securitas Security Services USA, Inc. Full time

    Position Overview:Securitas is seeking a dedicated Security Operations Center (SOC) Specialist to join our team. This role is pivotal in collaborating with the Global Security Management team and various business leaders to ensure effective risk management strategies are implemented across multiple domains, including Physical Security, Security Technology,...


  • New Canaan, Connecticut, United States Vaco Full time

    Vaco is seeking a dedicated Accounting Manager to oversee and enhance our financial operations. This role is pivotal in managing the monthly closing cycle, supervising the Accounts Payable department, and ensuring robust financial controls are in place. We pride ourselves on fostering a collaborative environment that promotes professional development.Key...


  • New Canaan, Connecticut, United States Vaco Full time

    Vaco, a leading national firm, is seeking a skilled Accounting Manager to oversee and enhance our financial processes. This role involves managing the monthly closing activities, supervising the Accounts Payable department, and ensuring robust financial controls are in place. Our team is dedicated to fostering professional development and collaboration.Key...


  • New Canaan, Connecticut, United States New Canaan butcher shop Full time

    Job OverviewWe are looking for a Barbecue Culinary Specialist to become a vital part of our culinary team. In this role, you will excel in a dynamic kitchen environment while contributing to the growth of our customer base and enhancing the establishment's culinary reputation.Key Responsibilities:Manage daily kitchen operations effectivelyOrganize and...


  • New Canaan, Connecticut, United States Athletic Shoe Factory Full time

    Job OverviewBenefits:Attractive salary packageEmployee discounts availableCareer advancement opportunitiesPaid leaveComprehensive training & development programsAbout Us: We are a family-owned business dedicated to providing an enjoyable shopping experience in the athletic footwear industry. Our team values a positive atmosphere, frequent incentives, and...


  • New Canaan, Connecticut, United States Silver Hill Hospital Full time

    Job OverviewCommitment to Excellence in CareFor nearly a century, Silver Hill Hospital has been a leader in psychiatric care, dedicated to delivering the highest quality treatment for mental health and addiction challenges. Our success is built on a collaborative approach that utilizes a diverse set of skills, resources, and expertise to support individuals...