USAmeriBancorp

Operational Risk Manager

USAmeriBancorp • $110K — $130K *
Morristown, NJ 07960In-Person
Finance & Insurance
5 - 7 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Comprehensive knowledge of banking functions and industry.
  • Proven operational skills in risk management.
  • Adaptability to shifting priorities and assignments.
  • Proficient in Microsoft Office, including basic Access knowledge.
  • Strong verbal and written communication skills for effective correspondence.
  • Developed analytical skills with basic mathematical aptitude.
  • Ability to interpret complex documents accurately.
  • Highly organized and detail-oriented with a focus on deadlines.
  • Self-motivated with minimal supervision required.

Responsibilities

  • Oversee identification and tracking of operational risks across business lines.
  • Conduct operational risk assessments and report findings to Executive Management.
  • Collaborate with department managers to identify and monitor operational risks.
  • Assist in significant risk-related projects affecting the bank's risk profile.
  • Prepare quarterly operational risk reports for the Board, benchmarking against peers.
  • Maintain knowledge of regulatory requirements and industry practices through continuous learning.

Benefits

  • Opportunities for professional development and training.
  • Participation in relevant conferences and professional associations.
  • Networking opportunities with industry professionals.
Full Job Description
Responsibilities include but are not limited to:
  • Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines. Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system.
  • Lead and perform operational risk assessments for bank departments, including risk evaluation, documentation, and reporting of findings, trends, and recommendations to Executive Management.
  • Partner with department managers to identify operational risks, develop and refine key risk indicators (KRIs), and support ongoing risk monitoring and mitigation activities.
  • Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank.
  • Prepare and produce quarterly Board level operational risk reports, including benchmarking the bank's performance against peer institutions.
  • Stay current on regulatory requirements, industry best practices, and emerging risks by participating in relevant professional associations, conferences, and internal and external training programs; maintain required certifications as applicable.


Required Skills:
  • Comprehensive knowledge of the functions of bank departments and of the banking industry.
  • Demonstrated operational skills.
  • Ability to effectively respond to shifting priorities and assignments.
  • Proficient PC skills for Microsoft Office -- Word, Excel and Outlook. Some knowledge of Access.
  • Excellent verbal and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management and representatives of outside organizations.
  • Developed analytical skills. Basic mathematical skills.
  • Ability to read, analyze and interpret complex documents.
  • Well organized and detail oriented.
  • Ability to meet deadlines and expectations with little or no supervision.


Required Experience:
  • Bachelors Degree in finance, business administration, risk management, or a related field.
  • Minimum of 5 years of experience in operational risk management or a related area within a financial services environment.
  • Strong understanding of risk management frameworks, regulatory requirements, and industry best practices.

About USAmeriBancorp

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. ,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about USAmeriBancorp
Industry
Legal & Accounting
* Ladders Estimates

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