ERM Operational Risk Analyst Sr.

Westbury, NY, United States - Corporate/Back-Office - Posted Oct 8, 2019
Requisition Number: 190000SM

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The ERM Operational Risk Analyst Sr. is responsible to implement an effective risk based system meant to identify, measure, assess, report, monitor and control operational risk exposures. This role will support the ERM Operational and IT Risk Manager as well as interface with the line of business and their respective Business Process Owners (BPO's) and the bank's regulators, as well as internal audit.


Responsible for specifying and sourcing applicable operations' data, analyzing the information to identify the principal sources of risk and to provide management reporting to assist management and the Board in making better informed operational business decisions with a focus on forward looking metrics. Assesses business risks and works with the ERM Operational and IT Manager to ensure adequate detective and preventative controls are in place to mitigate risk. Represents the ERM Department as subject matter expert on cross-functional operational risk initiatives/projects. Engages in root cause analysis and work with the appropriate groups to recommend controls and solutions when researching risk events, operational processes, and new regulatory initiatives. Manages risk events and risk action items to closure. Provides feedback to the line of business around risks, controls, testing, remediation and reporting. Works with the line of business to develop relevant and measurable key risk indicators. Actively participates in a robust review and challenges the LOB processes relative to their Risk & Control Self Assessments and overall performance. Provides feedback on operational risks associated with the offering of new products and/or services and business initiatives. Works to further develop the awareness and training on operational risk across the corporation. Measures, monitors and reports on operational risk for different functions in the various operations of the Bank by analyzing key risk indicators and other metrics. Develops and maintains an understanding the portfolio of risks across the front to back trade life cycle. Provides identification and delivery of risk mitigation solutions to the BPO's and partners for operations areas. Works with the operation lines to promote acceptance of the operational risk framework and further embed a culture of operational risk identification and mitigation. Demonstrates a continual improvement to the control environment and instigate behavioral change. Produces value added risk identification and reporting which impacts senior management decision making. Develops key initiatives related to improving controls or implementing new regulations project management work involving the advancement of the risk framework build out in the function specifically in operations. Identify potential actions required based on gaps identified through risk assessments and quality reviews of controls. Provide effective oversight on compliance of operational risk framework, and report any non-compliance and/or issues to the ERM Operational and IT Risk Manager. Assist the ERM Operational and IT Risk Manager in preparing committee or board level reports. Provide value added recommendations as deemed necessary to reduce, or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards. Analyze and make recommendations on adequacy/relevance/accuracy of department policies, processes and procedures. Build relationships with key stakeholders by utilizing individual credibility and applying business acumen to communicate risk factors to leadership, resolve complex inquiries and develop recommendations for continuous improvement and alignment with overall risk strategy. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.


Bachelor's degree in Business Administration, Accounting, Finance or related field. Master's degree preferred. 5+ years of relevant industry experience in operational risk management, internal controls or regulatory environment. Big 4 or CCAR bank experience.


Strong interpersonal skills / ability to develop relationships with business lines, internal audit and external auditors. Strong analytical, problem-solving and negotiation skills. Strong team player. Strong oral and written communication skills. Strong organizational and prioritizing skills. Computer literate with proficiency in word processing, spreadsheet and database applications. Ability to influence business partners in addressing control issues and business practices; ability to lead without direct authority. Ability to handle a variety of projects simultaneously. Ability to handle confidential information in a mature and professional manner. Ability to work with concepts and work independently. Ability to ask the *right* questions without having extensive knowledge in a particular business area.


Based in Westbury, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. At September 30, 2018, the Company had assets of $51.2 billion, deposits of $30.3 billion, and stockholder's equity of $6.8 billion. 

New York Community Bank serves customers through over 250 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at .

Branch Out and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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