Operational Risk Manager

vnbcareers; Morristown (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

vnbcareers is seeking an experienced Operational Risk Manager in Morristown, NJ to oversee firm-wide risk events and escalation processes for specified business lines. You will partner with department managers to identify risks, develop KRIs, and monitor mitigation efforts.

You will perform risk assessments, analyze findings for Executive Management, and prepare quarterly Board reports. A strong regulatory background and certifications will help drive best practices across the bank.

Qualifications

• Bachelor's degree in finance, business administration, risk management, or related field.
• Minimum of 5 years of operational risk management experience in a financial services environment.
• Strong understanding of risk management frameworks, regulatory requirements, and industry best practices.

Responsibilities

• Oversee issue, action and operational risk event identification, escalation, and tracking for specific business lines.
• Lead and perform operational risk assessments for bank departments, including risk evaluation, documentation, and reporting to Executive Management.
• Partner with department managers to identify operational risks, develop and refine KRIs, and support ongoing risk monitoring and mitigation.
• Assist Risk Management on significant risk related projects, initiatives and special risk assessments.
• Prepare and produce quarterly Board level operational risk reports, benchmarking against peer institutions.
• Stay current on regulatory requirements, industry best practices, and emerging risks by participating in professional associations and training.

Skills

Banking knowledge

Risk assessment

KRIs

Regulatory knowledge

Communication

Analytics

MS Office

Documentation

Education

Bachelor's degree in finance or related field

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.

Required Skills:

• Comprehensive knowledge of the functions of bank departments and of the banking industry.


• Demonstrated operational skills.


• Ability to effectively respond to shifting priorities and assignments.


• Proficient PC skills for Microsoft Office -- Word, Excel and Outlook. Some knowledge of Access.


• Excellent verbal and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management and representatives of outside organizations.


• Developed analytical skills. Basic mathematical skills.


• Ability to read, analyze and interpret complex documents.


• Well organized and detail oriented.


• Ability to meet deadlines and expectations with little or no supervision.

Required Experience:

• Bachelors Degree in finance, business administration, risk management, or a related field.


• Minimum of 5 years of experience in operational risk management or a related area within a financial services environment.


• Strong understanding of risk management frameworks, regulatory requirements, and industry best practices.