Risk & Control Analyst
Position Summary:
The Operational Risk & Controls Analyst plays a key role in strengthening the organization's risk management posture by identifying, assessing, and mitigating operational risks across business units. This role supports the development and execution of risk assessment programs, including control testing and maintenance of risk documentation. The analyst collaborates with stakeholders across the enterprise to ensure effective oversight and implementation of risk management practices aligned with the second line of defense.
Key Responsibilities:
- Lead and facilitate the execution of Risk and Control Self-Assessments (RCSA) across various departments.
- Support assessments related to vendor risk, model risk, and business continuity planning.
- Analyze operational risk data to detect trends, emerging risks, and areas requiring attention.
- Conduct targeted reviews to evaluate control design and effectiveness, and recommend remediation strategies.
- Participate in scenario analysis and challenge risk assumptions.
- Maintain and update risk registers to reflect current risk exposures and mitigation efforts.
- Contribute to the evaluation of new products and services from a risk perspective.
- Monitor regulatory developments and industry trends to inform risk practices.
- Assist with strategic risk initiatives and cross-functional projects.
- Promote a strong risk culture through training sessions and awareness campaigns.
- Prepare reports, meeting materials, and documentation to support risk governance activities.
- Provide analytical support and coordination for operational risk programs.
- Identify and escalate material risks and key risk indicators.
- Act as a subject matter resource for operational risk assessments and reporting.
- Ensure timely and accurate communication of risk issues to senior leadership.
- Evaluate the effectiveness of risk mitigation strategies using data-driven insights.
- Perform additional duties as assigned to support the risk management function.
Qualifications:
- Bachelor's degree or equivalent experience.
- 4-5 years of experience in operational risk management within the financial services sector.
- Familiarity with technology risk, cybersecurity, vendor oversight, and model governance.
- Strong analytical skills with the ability to draw insights from complex data sets.
- Effective communicator with the ability to influence and collaborate across teams.
- Comfortable working in a fast-paced, high-pressure environment with shifting priorities.
- Team-oriented with strong interpersonal and conflict resolution skills.
- Proficient in Microsoft Office tools, especially Excel, Word, and PowerPoint.
FAQs
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