Operational Risk Analyst - Morristown, NJ

Back Operational Risk Analyst #25-1108 Morristown, New Jersey, United States Apply X Facebook LinkedIn Email Copy Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients that includes all our associates as well.

The Operational Risk Analyst is responsible for identifying, assessing, monitoring, and reporting risks that arise from internal processes, systems, people, or external events that could impact business operations. This role supports the development and implementation of risk management frameworks and ensures compliance with regulatory requirements and internal policies. Additionally, the role will be responsible for risk assessments for specific business lines and support teams. The function will also be responsible for monitoring all associated issues, actions and events and providing reporting to upper management and Board reporting. Expected Work Hours 40 Job Description Responsibilities include but are not limited to :

• Perform the initial analysis of incidents and identify any impact. With guidance, conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function / process / control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (GRC).
• Risk Identification Contribute to the planning and performance of internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries.
• Risk Mitigation and testing - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-outs as well as targeted second line testing for any identified control gaps or opportunities for enhancement.
• RCSA Coordination Coordinate with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate.
• Participate in significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank.

Requirements Required Skills :

Required Experience :

Preferred Experience :

Full-time / Part-time Full-time FLSA Exempt Location(s). 70 Speedwell Ave, Morristown, New Jersey 07960, United States Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and / or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience. $69,800.00 - $117,700.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.