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Sr Analyst, Operational Risk - Morristown, NJ

Valley National Bank
$93,200.00 - $160,900.00 / yr
United States, New Jersey, Morristown
May 09, 2025
Back Sr Analyst, Operational Risk #25-148 Morristown, New Jersey, United States Apply Apply for this job now! Apply Job Overview Reporting to the Head of Operational Risk, the Sr Operational Risk Analyst is responsible for developing, implementing, and maintaining the Operational Risk Framework to effectively manage the operational risk profile of the bank. The function will ensure that internal governance, monitoring and reporting of all key risks are completed in a timely and accurate manner. Additionally, the role will be responsible for the risk assessments for specific business lines and support teams. The function will also be responsible for monitoring all associated issues, actions and events and provide reporting to upper management and Board reporting. The role will also be involved in ad hoc projects through the bank with the goal of mitigating control and process failures. Expected Work Hours 40 Job Description Responsibilities include, but are not limited to: Perform the initial analysis of incidents and identify any impact. With guidance, conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (GRC). Risk Identification -- Contribute to the planning and performance of internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries. Risk Mitigation and testing - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-outs as well as targeted second line testing for any identified control gaps or opportunities for enhancement. RCSA Coordination -- Coordinate with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate. Participate on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank. Requirements Required Skills: Technical aptitude and motivation to learn all aspects of the Risk system (GRC). Candidate should have the motivation to drive system and process improvements in the organization. Excellent oral and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management. Knowledge of the various functions of a commercial bank (including retail/commercial lending, wealth management, investments, operations, etc.). Ability to multi-task and respond to and manage shifting priorities and assignments. Proficient PC skills in Microsoft Office suite -- Power BI, Word, Excel, and PowerPoint as well as GRC software. Sound analytical and research skills. Ability to prepare executive and Board-level reports including memoranda and PowerPoint presentations. Well-organized and detail oriented. Ability to work independently, meet deadlines and expectations with little or no supervision. Required Experience: Bachelor's Degree majoring in Finance, Accounting or Business-related discipline and a minimum of 5 years' experience in activities relating to banking and the financial services industry. Experience using a Risk System (GRC) such as Logic Manager, Metric Stream, RSA Archer, etc. is preferred. Full-time/Part-time Full-time FLSA Exempt Location(s) Morristown , New Jersey , United States Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $93,200.00 - $160,900.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.