JOB SUMMARY The Operational Risk Analyst is a critical role within the 2nd Line of Defense, responsible for supporting the Director of Operational Risk Management with the identification, assessment, and mitigation of operational risks across the organization. The Operational Risk Analyst will collaborate closely with business units, cross-functional teams, and the First Line of Defense to implement robust risk management strategies, policies, and procedures. This role requires the ability to effectively coordinate risk activities to ensure the stability and security of the bank's operations.
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Serve as a liaison between the 2nd and the 1st Line of Defense.
Coordinate closely on the execution of risk activities, including risk and control assessments (RCSA), issue management, operational risk events including the status of KRIs, risk appetite metrics, and emerging risks.
Utilize knowledge of operational risk to perform 2nd line review of new products.
Prepare governance reports and communications on the operational risk profile of the business unit, changes to the risk profile, and propose recommendations for risk mitigation.
Build and maintain strong relationships with key stakeholders across the organization, including business units, risk management teams, and senior leadership.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Represent the 2nd Line of Defense in risk management forums, committees, and working groups.
Consistently adhere to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
JOB REQUIREMENTS
Required Qualifications:
Bachelor's degree in Risk Management, Finance, Business Administration, or a related field; Master's degree or relevant certifications preferred.
Minimum of 1-3 years of experience in operational risk management, with an understanding of risk frameworks, assessment methodologies, and regulatory requirements.
Job Competencies:
Knowledge of financial services industry practices, including risk and control assessments, issue management, and KRI monitoring.
Working knowledge of risk management software and tools (Archer), as well as Microsoft Office Suite.
Excellent communication and interpersonal skills.
Analytical mindset with the ability to identify trends, assess risks, and develop effective mitigation strategies.
Ability to advance risk management initiatives and work collaboratively with cross-functional teams.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
