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Req ID:  5441

Chicago, IL, US, 60631

Operational Risk Analyst II

FT/PT:  Full-Time


Visible role at a dynamic bank expected to double in size. You will be a key member of a small team responsible for contributing to the Bank’s operational risk management program.  This includes monitoring and assessing operational risk events and control issues, as well as conducting independent risk assessments and reporting on operational risks to management and board governance committees. This role reports to the Operational Risk Manager in the Enterprise Risk Management Department.


  • 5+ years of risk related experience (e.g. Risk Management, Compliance, Internal Audit, etc.) 
  • Banking experience preferred 
  • Ability to work independently and on a team 
  • Excellent written communication skills, including ability to work with stakeholders to develop formal policies, document control environments/processes and enhancement opportunities 
  • Strong project and time management skills 
  • Results driven with proven ability to work independently and multi-task 
  • Proficient in working across business lines.  Identifying, engaging with, and driving accountability across areas of the company where you will have independent second-line of defense oversight 
  • Strong analytical and detail-oriented skills 
  • Strong skills in Microsoft Suite of applications (i.e. Word, Excel, PowerPoint, Access) 
  • May require occasional travel to other locations



Operational Risk Analysis

  • Periodically meet with business owners and other stakeholders to identify, measure, document and assess operational risks 
  • Support strategies to prevent, eliminate and mitigate operational risks 
  • Maintain processes to capture operational loss events or “near misses” to facilitate root cause analysis and trend reporting  
  • Collaborate with other risk subject matter experts (e.g., compliance)
  • Remain current with operational risk regulatory guidance and industry best practices via public domain, industry-specific organizations, and internal contacts 

Operational Risk Assessment & Testing 

  • Conduct periodic independent second-line of defense risk assessments  
  • Coordinate maintenance of Risk Control Self-Assessment (RCSAs), refreshing at least annually or as business needs and changes warrant 
  • Conduct testing of high-risk areas to assess control design and control operating effectiveness 
  • Track findings to completion in alignment with Issue Management Program 

Operational Risk Documentation & Reporting 

  • Prepare and maintain risk management documentation, risk policies and risk reports 
  • Provide timely update of operational risk issues and decisions to managers 
  • Ensure continuous improvement in operating procedures to avoid risks 
  • Assist business unit with timely completion of all operational risk reporting requirements 
  • Provides business leads with operational risk data for consideration in decision making 

Operational Risk Education & Training 

  • Coordinate operational risk training and awareness activities for business stakeholders (e.g., workshop sessions on risk identification and mitigation) 
  • Recognize process improvement opportunities and recommend and support implementation of solutions 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.

Nearest Major Market: Chicago

Job Segment: Risk Management, Bank, Banking, Quality Assurance, Internal Audit, Finance, Technology