Operational Risk Manager | Growth-Focused Banking

Valley Bank; Morristown (NJ); On-site; USD 120,000 - 160,000; Full time

Job summary

Valley Bank in Morristown, NJ seeks an experienced Operational Risk Manager to oversee risk identification, assessment, measurement, and reporting across lines of business, interfacing with Executive Management and the Board.

Responsibilities include leading risk assessments, developing KRIs with department managers, producing quarterly board reports, and staying current with regulatory requirements and industry best practices.

Qualifications

• Bachelor's 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.

Responsibilities

• Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines.
• 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.

Skills

Operational risk management

Regulatory knowledge

Analytical thinking

Communication skills

Risk reporting

Education

Bachelor's degree in finance or related field

Job description

Valley Bank in Morristown, NJ seeks an experienced Operational Risk Manager to oversee risk identification, assessment, measurement, and reporting across lines of business, interfacing with Executive Management and the Board.

Responsibilities include leading risk assessments, developing KRIs with department managers, producing quarterly board reports, and staying current with regulatory requirements and industry best practices.