ERM Operational Risk Analyst

Westbury, NY, United States - Compliance & Risk Management - Posted May 21, 2018
Requisition Number: 180000GI

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



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 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 BPO 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. Provides identification and delivery of risk mitigation solutions to the BPO's and partners for operations areas. Works with BPO's 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. Performs special projects, risk and control gap analysis, 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. Three to five years of experience in business/operations functions within SIFI banking or financial services industries.



Strong interpersonal skills / ability to develop relationships with business lines, internal audit and external auditors. 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.



New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for 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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