Operational Risk Management Analyst

Job Summary

As part of the 2nd Line of Defense (2nd LOD), the position of Operational Risk Management (ORM) Analyst participates in evolving and mitigating the Bank's risk operational risk by identifying, measuring, mitigating, monitoring and reporting on risks across various Bank areas. The ORM Analyst works with the Manager ORM to build a culture of risk management throughout the organization, to provide effective challenge to business units process and controls, works with business units to address control gaps or deficiencies, coordinates with Internal Audit on risk and control libraries, summarizes and reports on results and supports the Bank's Model Risk Management (MRM) Program. The role includes responsibility for establishing risk policies, procedures and standards to support the Bank's ORM Program.

Essential Duties

• Support the Manager of ORM in the continual evolution of, implementation and management of the Bank's ORM Program.

• Actively participate in the development and implementation of the Bank's Risk & Control Self-Assessment Process (RCSA) with the 1st Line of Defense (1st LOD) including establishing the infrastructure, training, reporting, and management of the process. Provide training to the 1st LOD.
• Review and provide effective challenge of the RCSA's. Collaborate with 1st LOD to address and remediate control gaps and weaknesses. Prepare reporting and help to aggregate results by risk domain and business unit.
• Communicate and coordinate with the 3rd LOD (Internal Audit) on results, risk and control libraries, and risk mitigation controls.

• Evolve and support the Bank's Model Risk Management program by enhancing governance documents, processes and reporting. Train and educate Bank personnel on MRM and policy requirements. Participate in model risk management activities including but not limited to model validation analysis, review of back tests, model identification, maintaining the model and End User Computing (EUC) inventory and supporting all audit and exam activities.

• Assist with proactively managing and advising the CRO on potential/emerging risks related to operational risk management to assure objectives are achieved and disciplines are implemented to drive continuous improvement.

• Assist in developing and implementing changes as needed to minimize risks as well as improve internal and external risk characteristics across all business lines.
• Assist with defining and providing support and training to build risk management awareness within the Bank.
• Analyze qualitative and quantitative data to develop process efficiencies and/or metrics for key risk indicators.
• Support all internal and external audits and exams.
• Actively participates in Bank initiatives and projects, as needed, providing risk management, data analysis and bank processing knowledge and skills.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.

Non-Essential Duties

• Inductive Reasoning - Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

• Deductive Reasoning - Ability to apply general rules to specific problems to produce reasonable answers.

Required Knowledge

• Risk & Control Self Assessments - within a bank environment, the process, formats, approaches, risk and control libraries, reporting
• Banking knowledge - operational risk management, back-office operations
• Working knowledge of IT processes and principles preferred
• Knowledge of risk management principles and practices in banks.

Basic Knowledge, Skills and Abilities

• Strong analytic, logical reasoning and problem solving skills
• Must have an understanding of quantitative analyses
• Process improvement and technology skills, a plus
• Ability to create reporting, e.g., Cognos or similar
• Excellent interpersonal skills
• Strong verbal/written communication and presentation skills
• Must be able to work independently and set goals/prioritize, focus, and have time management skills.
• Strong knowledge of Excel (intermediate to advanced), Word, Visio, Power point, GRC tool

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President.

Equipment Operated

• Telephone
• Laptop Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement
• Requires standing and/or sitting for prolong periods of time
• Requires lifting up 25lb
• Requires using hands to handle, control or feel objects
• Office setting w/controlled temperature

Education and Experience

• B.S. Accounting, Finance or Business Administration
• Advanced degree or professional certification, a plus
• 5+ years of prior banking experience with a focus in risk management
• Model Risk Management experience

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.

December 4, 2023