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Country Bank · 12 hours ago

Operational Risk Analyst

Ware, MA, US

Full-time

Onsite

Entry, Mid Level

$65K/yr - $85K/yr

2+ years exp

Country Bank is a growing mutual community bank that has been making a difference in the lives of its customers and communities since 1850. They are seeking an Operational Risk Analyst to support the bank’s risk management efforts by evaluating operational processes, policies, and controls across departments, while assisting with risk assessments and reporting activities.

BankingFinancial Services

Growth Opportunities

Responsibilities

Assists in the development and support of the risk assessment process to ensure risks are managed in concert with the bank’s risk appetite statement and to assess compliance with federal and state regulatory requirements, industry standards, and bank operating procedures. Works with risk partners and business lines on risk assessment development and oversight and researches key risks and controls. Participates in risk analysis and risk assessment meetings

Provides support and perform analysis of proposed new products and services to ensure new initiatives begin in a manner that minimizes risk to the Bank. Identifies potential business risks, operational, and regulatory process deficiencies and improvement opportunities

Coordinates annual policy review and updates via communication with policy owner(s). Analyzes the impact of changes to federal and state regulations and makes recommendations for changes to policies, procedures, and practices. Ensures appropriate Risk Management Committee and Board reporting and approval and maintains approval tickler system. Publishes approved policies and maintains appropriate record retention of all policies. Works with business areas to create new policies and ensure formatting and presentation are aligned with existing policies. Research, as necessary, to confirm new policy content is accurate and appropriate given state and federal regulations

Reviews Bank-wide insurance coverage, maintains insurance policies, and coordinates renewals with management and insurance agent. Assists in the preparation of the annual insurance summary presentation to the Board

Manages Incident Response reports, performs a root-cause analysis, and documents corrective actions taken

Organizes the review of all Business Continuity - Business Impact Analysis (BIA) updates with business areas. This includes the review of all continuity reports prepared by business lines

Coordinates the semi-annual review of the FDICIA control matrix with all business areas. Coordinates subpoena responses with relevant business areas. Works with IT Security to send out subpoena documentation. Tracks all subpoena information in Subpoena Dashboard and uploads subpoena and response letter into retention. Provides password for subpoena requestor after completing identity verification

Monitors regulatory requirements. Maintains Regulation O tracking and reviews daily Regulation O Overdraft reporting

Assesses Operational Risks within Bank and tracks on Operational Risk Dashboard. Drafts memos for presentation of newly added operational risks to Risk Management Committee. Conducts annual review of record retention requirements within Risk Department and for Bank-wide record retention policy and schedule

Responsible for building long-lasting relationships with customers, community and colleagues through the embodiment of our Core Values: Integrity, Service, Teamwork, Excellence and Prosperity

Other job duties, as assigned

Qualification

Risk managementRegulatory complianceIncident response analysisBusiness continuity planningMicrosoft Office SuiteAttention to detailOrganizational skillsWritten communicationVerbal communicationTeamwork