Operational Risk Manager

Valley National Bank; Morristown (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

Valley National Bank is seeking an experienced risk professional to oversee firm-wide operational risk identification, escalation, and tracking for key business lines; collaborate with control groups to analyze issues, actions and events in the GRC system.

You will lead operational risk assessments, develop KRIs with department managers, support risk monitoring and mitigation, and prepare quarterly Board reports while staying current with regulations and best practices.

Responsibilities

• Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines. Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system.
• Lead and perform operational risk assessments for bank departments, including risk evaluation, documentation, and reporting of findings, trends, and recommendations to Executive Management.
• Partner with department managers to identify operational risks, develop and refine key risk indicators (KRIs), and support ongoing risk monitoring and mitigation activities.
• Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank.
• Prepare and produce quarterly Board level operational risk reports, including benchmarking the bank's performance against peer institutions.
• Stay current on regulatory requirements, industry best practices, and emerging risks by participating in relevant professional associations, conferences, and internal and external training programs; maintain required certifications as applicable.

Job description

Responsibilities include but are not limited to:

• Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines. Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system.
• Lead and perform operational risk assessments for bank departments, including risk evaluation, documentation, and reporting of findings, trends, and recommendations to Executive Management.
• Partner with department managers to identify operational risks, develop and refine key risk indicators (KRIs), and support ongoing risk monitoring and mitigation activities.
• Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank.
• Prepare and produce quarterly Board level operational risk reports, including benchmarking the bank's performance against peer institutions.
• Stay current on regulatory requirements, industry best practices, and emerging risks by participating in relevant professional associations, conferences, and internal and external training programs; maintain required certifications as applicable.