Finance

Operational Risk Analyst

Looking to hire your next Operational Risk Analyst? Here’s a full job description template to use as a guide.

About Vintti

At Vintti, we understand the importance of real-time collaboration in today's fast-paced business environment. Our staffing solutions focus on connecting US companies with Latin American talent operating in compatible time zones. This strategic approach ensures that businesses can engage with their team members during regular office hours, facilitating immediate communication, swift problem-solving, and seamless project coordination.

Description

An Operational Risk Analyst plays a critical role in identifying, assessing, and mitigating risks within an organization's operations. This role involves analyzing risk data, developing risk management strategies, and helping to ensure the organization complies with applicable regulations. The Operational Risk Analyst collaborates with different departments to understand their processes and identify potential operational threats. Through detailed risk assessments and continuous monitoring, they provide valuable insights that aid in decision-making and help to safeguard the company’s assets and reputation. Their expertise supports the organization's resilience and stability by proactively addressing and minimizing operational risks.

Requirements

- Bachelor's degree in finance, business administration, risk management, or a related field.
- At least 3-5 years of experience in operational risk management, risk analysis, or a similar role.
- Strong analytical and problem-solving skills.
- Proficiency with risk management software and tools.
- Excellent written and verbal communication skills.
- High attention to detail and accuracy.
- Ability to work independently and as part of a team.
- Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Working knowledge of regulatory requirements related to operational risk.
- Strong organizational and time management skills.
- Ability to manage multiple priorities and deadlines effectively.
- Experience conducting risk assessments and scenario analyses.
- Familiarity with business continuity planning and testing.
- Excellent interpersonal skills, with the ability to collaborate with diverse teams.
- Certification in risk management (e.g., FRM, PRM, CRISC) is preferred.
- Knowledge of industry best practices in operational risk management.
- Ability to interpret and analyze complex data sets.
- Understanding of key risk indicators (KRIs) and risk mitigation strategies.
- Experience in preparing detailed risk reports and presenting findings to senior management.

Responsabilities

- Assess and identify operational risks within business processes and activities.
- Conduct risk assessments and analyze the potential impact of operational failures.
- Develop and implement risk management policies, procedures, and controls.
- Monitor and evaluate the effectiveness of existing risk management processes and recommend improvements.
- Review and analyze incident reports and loss data to detect trends and root causes.
- Collaborate with various departments to understand and mitigate operational risks.
- Prepare detailed risk reports and present findings to senior management.
- Participate in regular audits and compliance reviews to ensure adherence to regulatory requirements.
- Maintain an up-to-date understanding of industry trends, regulatory changes, and best practices in operational risk management.
- Support the development and delivery of risk awareness training programs for staff.
- Assist in the creation and maintenance of risk event databases and other risk documentation.
- Coordinate with internal and external auditors during risk and compliance assessments.
- Perform scenario analysis and stress testing to evaluate the impact of adverse events.
- Track and document risk mitigation actions and ensure timely implementation.
- Analyze and report on key risk indicators (KRIs) to monitor the organization’s risk profile.
- Engage in continuous improvement initiatives to enhance the risk management framework.
- Develop and update business continuity plans and conduct regular testing.
- Respond to ad-hoc requests for risk-related information and analysis from various stakeholders.
- Support the risk management team in special projects and strategic initiatives as needed.

Ideal Candidate

The ideal candidate for the role of Operational Risk Analyst is a highly analytical and detail-oriented professional with a strong background in finance, business administration, or risk management, holding a Bachelor's degree in one of these fields and possessing at least 3-5 years of relevant experience. They demonstrate exceptional problem-solving abilities, and their proficiency with risk management software and tools, coupled with advanced skills in the Microsoft Office Suite, particularly Excel, empowers them to conduct thorough risk assessments and scenario analyses confidently. This individual excels in both written and verbal communication, presenting complex information clearly and concisely to senior management and various stakeholders. They have a keen eye for detail, ensuring accuracy and reliability in all risk reports and documentation. With a solid understanding of regulatory requirements and industry best practices, the candidate is proactive in staying updated with the latest trends and changes in operational risk management. Their strong organizational and time management skills enable them to juggle multiple priorities and deadlines effectively, while their high level of professional integrity and ethical standards ensure unwavering accountability and a commitment to mitigating operational risks. Notably, their interpersonal skills facilitate seamless collaboration with cross-functional teams, and their adaptability and willingness to embrace continuous learning underscore their dedication to ongoing improvement in the risk management framework. Certification in risk management, such as FRM, PRM, or CRISC, is a plus, further highlighting their expertise in the field.

On a typical day, you will...

- Assess and identify operational risks within business processes and activities.
- Conduct risk assessments and analyze the potential impact of operational failures.
- Develop and implement risk management policies, procedures, and controls.
- Monitor and evaluate the effectiveness of existing risk management processes and recommend improvements.
- Review and analyze incident reports and loss data to detect trends and root causes.
- Collaborate with various departments to understand and mitigate operational risks.
- Prepare detailed risk reports and present findings to senior management.
- Participate in regular audits and compliance reviews to ensure adherence to regulatory requirements.
- Maintain an up-to-date understanding of industry trends, regulatory changes, and best practices in operational risk management.
- Support the development and delivery of risk awareness training programs for staff.
- Assist in the creation and maintenance of risk event databases and other risk documentation.
- Coordinate with internal and external auditors during risk and compliance assessments.
- Perform scenario analysis and stress testing to evaluate the impact of adverse events.
- Track and document risk mitigation actions and ensure timely implementation.
- Analyze and report on key risk indicators (KRIs) to monitor the organization’s risk profile.
- Engage in continuous improvement initiatives to enhance the risk management framework.
- Develop and update business continuity plans and conduct regular testing.
- Respond to ad-hoc requests for risk-related information and analysis from various stakeholders.
- Support the risk management team in special projects and strategic initiatives as needed.

What we are looking for

- Strong analytical and critical thinking skills
- Detail-oriented with a high degree of accuracy
- Proactive and self-motivated
- Excellent problem-solving abilities
- Strong communication and interpersonal skills
- Ability to work effectively both independently and within a team
- Strong organizational and time management skills
- Adaptable and flexible in a dynamic environment
- High level of professional integrity and ethical standards
- Strong sense of accountability and ownership
- Ability to manage multiple tasks and meet deadlines
- Skilled in data interpretation and analysis
- Ability to present complex information clearly and concisely
- Strong collaboration skills with cross-functional teams
- Strong understanding of risk management principles
- Ability to stay current with industry trends and regulatory changes
- Proficiency in using risk management software and tools
- Commitment to continuous learning and improvement

What you can expect (benefits)

- Competitive salary range: $70,000 - $100,000 per year
- Comprehensive health benefits, including medical, dental, and vision insurance
- Flexible working hours and remote work options
- Generous paid time off (PTO) policy and sick leave
- 401(k) retirement plan with company match
- Professional development and certification reimbursement
- Tuition assistance for advanced education
- Employee wellness programs and resources
- Life insurance and disability coverage
- Employee Assistance Program (EAP)
- On-site fitness center and wellness incentives
- Access to learning and development platforms
- Opportunities for career advancement and internal promotions
- Collaborative and inclusive work environment
- Regular team-building activities and company events
- Paid parental leave for new parents
- Commuter benefits or reimbursement
- Corporate discounts on travel, entertainment, and shopping
- Participation in community service and volunteering initiatives

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