OceanFirst Bank
Operational Risk Analyst EDGE Program
This job is now closed
Job Description
- Req#: 481891
- Hands on experience in several departments throughout the organizations including frontline operational functions in our Customer Care Center and Branches.
- Professional development courses including Communication, Leadership, Diversity and Inclusion, Teamwork, Networking, and additional Self-paced trainings offered in OFB University.
- Mentorship and support throughout duration of program and beyond.
- Peer collaboration opportunities to create bonds and lifelong relationships.
- Assist Operational Risk Officer with development and execution of a bank-wide operational risk strategy and framework.
- Assist with documentation of bank-wide processes and implementation of a risk control self-assessment framework that can assess inherent and residual risks of in-scope front-to-back processes at the aggregated bank and branch levels.
- Track and categorize operational risk events and losses; conduct deep dives on significant events to assure root causes have been identified and mitigation applied at bank-wide level where appropriate. Provide remediation guidance and prepare reports to track remediation activities.
- Monitor and test operational risk controls to verify effectiveness of design and execution.
- Develop and track quantitative measures to improve monitoring of existing operational risk to stated tolerance and to identify emerging operational risk trends. Support Director of Operational Risk with monthly and quarterly risk reporting. Develop monthly and quarterly operational risk reports appropriate for business units, management, and the board.
- Support vendor management function including assisting with vendor assessments, coordinating vendor activities associated with acquisitions, and facilitating onboarding and/or sunsetting of vendors.
- Assist with the project management of the enterprise-wide GRC roll-out.
- Ability to interact effectively across the Bank with stakeholders at all levels with the added skill to challenge the status quo thereby becoming a change agent.
- Strong analytical and problem-solving skills.
- Ability to work independently with limited direct supervision.
- Proficiency in Microsoft Office, in particular Excel.
- Excellent verbal and written communication skills. Ability to effectively communicate with all levels of Bank staff, and management.
- Bachelors degree in Business, Finance, Computer Science, or equivalent fields is required.
- Minimum 0-2 years of experience in banking or financial services fields with direct experience in operational or enterprise risk management.
- Internal contact with all levels of bank personnel and senior management
- External contact with Auditors and Regulators
The EDGE development program is a full-time, direct-position placement program for college graduates and early career professionals. The EDGE program is designed to help you build the skills that you need to be successful in your role. This program offers a variety of exciting career paths that will provide an opportunity to flourish in an inclusive environment as you learn the ins and outs of the Banking industry and build leadership and technical skills. Joining the OceanFirst Bank team will allow you to work in a fun, diverse environment where you'll gain exposure to the multitude of businesses within the company.
In your first 18 months, you'll get the benefits of:
This role is based at our Red Bank, NJ headquarters office, and the program is set to begin in June 2024.
PRIMARY PURPOSE:
Entry level position as part of OceanFirst’s EDGE Program. Expectation is that employee will become a well-rounded banking professional by working in several departments within the bank to gain an understanding of commercial credit, retail banking, customer care, treasury management, and other departments critical to the operations of OceanFirst Bank.
Primary and permanent position will be in the bank’s Risk Management Department where the employee will be trained as an Operational Risk Analyst.
The primary responsibility of this position is to support the assessment and oversight of operational risk to enhance the Bank’s processes, limit non-credit losses and improve business outcomes. This includes development of systems and processes to identify key risks at a business unit level as well as aggregate accurate and comprehensive operational risk data and monitoring compliance with the Statement of Risk Appetite.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
JOB SPECIFICATIONS:
Knowledge, Skills & Abilities
Experience & Education
Internal and External Contacts
Working Conditions/Physical Requirements
Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.
Equal Opportunity Employer
OceanFirst is an equal opportunity employer. It is the Bank’s policy to grant Equal Employment Opportunity (EEO) to all qualified persons without regard to actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), affectional or sexual orientation, marital status, familial status, civil union or domestic partnership (under applicable state law) status, veteran’s status or liability for service in the United States armed forces, disability (including AIDS and HIV infection), atypical hereditary cellular or blood trait, genetic information, or any other characteristic protected under applicable federal, state, or local law.About the company
OceanFirst Bank is one of the largest regional banks in New Jersey with a presence in New York and Philadelphia. We stay focused on what we believe is most important: building long-term relationships with our customers and giving back to the communities we serve.