Business Risk Analyst

Confidential; New York (NY); On-site; USD 84,033 - 97,699; Part time

Job summary

A major financial institution is seeking an Analyst for a mid-senior level contract role in Operational Risk. Responsibilities include performing risk-based control testing, documenting results, and collaborating with various business units to ensure compliance and address control gaps. The ideal candidate should have at least 2 years of experience in operational risk or audit within a financial institution and strong data analysis skills. This role offers competitive hourly pay ranging from $61.00 to $70.92.

Qualifications

• 2 years in Operational Risk, BCP, TRPM, or Audit for a Bank/Financial Institution preferred.
• Strong ability to track, organize and analyze data.
• Proficiency in MS Word, Excel, and PowerPoint.

Responsibilities

• Assist the ICT Team in performing risk-based control testing.
• Document testing results, collecting and archiving evidence.
• Perform ICT walkthroughs with business units.

Skills

Data analysis

Interpersonal communication

Organizational skills

Tools

MS Word

Excel

PowerPoint

Job description

Overview

Contract role for a major financial institution. Business Risk and Control (BRC) is a 1st line of defense Operational Risk team responsible for identifying, assessing, monitoring, and controlling operational risk for all businesses and legal entities across the bank. The Internal Control Testing (ICT) program assesses key controls across the firm for both design and operating effectiveness. The ICT team coordinates testing and documentation for controls identified in the ICT program and works with the 2LOD ORM team to address challenges. The ICT team also validates EUC inventory and monitors ongoing conditions identified in the New Product Approval Process, with periodic reporting responsibilities.

Base pay range

$61.00/hr - $70.92/hr

Responsibilities

• Assist the ICT Team in performing risk-based control testing to assess internal controls for design and operating effectiveness
• Document testing results, collecting and archiving testing evidence
• Perform ICT walkthroughs with business units and corporate functions
• Liaise with business units and corporate functions to remediate control gaps/deficiencies
• Work collaboratively with the Operational Risk Management team to address any challenges and provide biweekly status updates
• Report on testing status to various working groups/committees
• Assist in the validation of in-scope EUCs
• Prepare reports/presentations for various business lines/entities and regional Risk Committees for ORM, Information Security, TRPM and BCP
• Work with the various business and control functions to report risk metrics (KPI/KRI) for both business line and enterprise reporting
• Collaborate and work with stakeholders in coordinating monthly 1LOD Operational Risk reporting which includes data analysis and risk management activities through GRC tool
• Assist BRC with ad-hoc projects and initiatives as needed
• Monitor and verify ongoing conditions identified in the New Product Approval Process

Qualifications

• Eligible to work in the US
• 2 years Operational Risk, BCP, TRPM, or Audit for a Bank/Financial Institution experience preferred
• Strong ability to track, organize and analyze data
• Proficiency in MS Word, Excel, and PowerPoint
• Effective interpersonal skills to communicate and work well with various business lines

Seniority level

Mid-Senior level

Employment type

Temporary

Job function

Analyst

Industries

Banking, Financial Services, and Investment Management