Senior Operational Risk Management Analyst

Job Summary

The Senior Operational Risk Management (ORM) Analyst falls within the Second Line of Defense (2 LOD) and supports the Bank's Enterprise Risk Management Framework. The Senior ORM Analyst works with the Manager of ORM to identify, measure, monitor, and control Operational Risk as well as build a culture of strong risk management throughout the organization. The Senior ORM Analyst provides review and effective challenge to the First Line of Defense (1LOD) business unit's process and controls, manages the banks' internal control testing program. Works with business units to address gaps or deficiencies, coordinates, summarizes and reports on ORM Key Risk Indicators and supports the Bank's Model Risk Management Program (MRM). The role includes responsibility for ongoing monitoring of risk policies, procedures, and standards to support the Bank's ORM Program.

Essential Duties

• Support the Manager of ORM in the continual evolution of, implementation and management of the Bank's ORM Program.
• Coordinates the development and implementation of the Bank's Risk & Control Self-Assessment (RCSA) Process with the 1LOD including establishing the infrastructure, developing and delivering training, reporting, and management of the process.
• Review and provide effective challenge of the RCSAs. Collaborate with the 1LOD to address and remediate control gaps and weaknesses. Prepare reporting and help to aggregate results by risk domain and business unit.

• Support the ongoing development of the Bank's Model Risk Management program by enhancing governance documents, processes and reporting. Train and educate bank personnel on MRM and policy requirements. Participate in model risk management activities including but not limited to developing model risk assessments, model validation analysis, review of back tests, model identification, maintaining the model and End User Computing (EUC) inventory and supporting all audit and exam activities.

• Responsible for proactively managing and advising the ORM Manager, Deputy CRO and CRO on potential/emerging risks related to operational risk management to ensure objectives are achieved and disciplines are implemented to drive continuous improvement.

• Responsible for identifying and implementing changes as needed to minimize risks as well as improve internal and external risk characteristics across all business lines.
• Train and educate bank personnel to build risk management awareness within the Bank.
• Analyze qualitative and quantitative data to develop process efficiencies and/or metrics for key risk indicators.

• Communicate and coordinate with the Third Line of Defense 3LOD (Internal Audit) on results, risk and control libraries, and risk mitigation controls.

• Support all internal and external audits and exams.
• Actively participates in Bank initiatives and projects, as needed, providing risk management, data analysis and bank processing knowledge and skills.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.

Non-Essential Duties

• Inductive Reasoning - Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

• Deductive Reasoning - Ability to apply general rules to specific problems to produce reasonable answers.

Required Knowledge

• Risk & Control Self Assessments (RCSAs) - within a bank environment, the process, formats, approaches, risk and control libraries, reporting
• Internal Control Testing - within a bank environment, the process, formats, sampling conventions, documentation, and approaches
• Banking knowledge - operational risk management, back-office operations
• Working knowledge of IT processes and principles preferred
• Knowledge of risk management principles and practices in banking

Basic Knowledge, Skills and Abilities

• Strong analytic, logical reasoning and problem-solving skills
• Must have an understanding of quantitative analyses
• Process improvement and technology skills, are a plus
• Ability to create reporting, e.g., Cognos, Tableau or similar
• Excellent interpersonal skills
• Strong verbal/written communication and presentation skills
• Must be able to work independently and set goals/prioritize, focus, and have time management skills.
• Strong knowledge of Excel (intermediate to advanced), Word, Visio (Intermediate to advanced), Power point, GRC tool

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President, Vice President.

Equipment Operated

• Telephone
• Laptop Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement
• Requires standing and/or sitting for prolong periods of time
• Requires lifting up 25lb
• Requires using hands to handle, control or feel objects
• Office setting w/controlled temperature

Education and Experience

• B.S. Accounting, Finance or Business Administration
• Advanced degree or professional certification, a plus
• 5+ years of prior banking experience with a focus in risk management
• Model Risk Management experience, a plus

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.

April 21, 2025