Operational Risk Analyst
Country: Switzerland
Summary:
The Operational Risk Analyst will support the Chief Operational Risk Officer in creating, defining, deploying, executing, developing, and managing the First Lines of Defense (Operational risk coordinators and Third-Party teams). The role involves the strategic development, consistent bank-wide implementation, and effective execution of Operational Risk, Anti-fraud, and Third-Party Risk Management Policies and procedural framework. The objective in control and management of Operational Risk is to identify, measure/evaluate, control/mitigate, and monitor those risks.
Position Responsibilities:
1. Program Development & Compliance:
o Direct the development and execution of projects for BSISA, its branches, and Family Office (SSA) covering Operational Risk, Anti-fraud, and Third-Party Risk Management that comply with applicable regulations and identify milestones and compliance dates.
o Report and monitor conformance and delivery against project plans, making adjustments and recommendations, where justified.
o Develop and implement OR Policy and Procedure frameworks.
o Support the development and implementation of the Operational Risk and Third-Party Risk Management program strategy, policies, and models.
o Drive a culture of OR awareness and deliver required training.
o Maintain regulatory compliance and credibility with regulators at the FINMA, with respect to Third Party risk management and Operational risk issues.
2. Third Party Risk Management:
o Supervision of the Third-Party Risk Management model implementation.
o Challenge of suppliers and services inventory.
o Monitor policy exceptions, risk tolerance breaches, and significant control gaps. Escalate pertinent findings in a timely manner.
o Execute due diligence and ongoing Third-Party control assessments.
o Support the design and implementation of the Banks Operational Risk (OR) Framework including Key Risk Indicators, Scenario Analysis, Risk & Control Self-Assessment, Event Database, External Data.
o Monitor policy exceptions, risk tolerance breaches, and significant control gaps. Escalate pertinent findings in a timely manner.
o Collaborate in the implementation of Operational Risk training, awareness, and communication (newsletter) to foster risk consciousness within the business.
Minimum Requirements:
* Bachelor’s or equivalent. Master’s Degree (MBA/MIS) preferred.
* Minimum of X years banking or financial services experience in risk management, internal control, or audit roles. Hands-on experience managing suppliers. Risk Management, Procurement/Supply Chain Management.
* CISM, CISA, CRISC, CISSP, CIA or equivalent.
* Microsoft Office Suite (Excel expert, PowerPoint, Word), other databases such as Access, project management tools are desirable.
* Must be capable of consistent, effective delivery on a complex portfolio of activities and timelines.
* Skilled in building relationships with internal customers/key stakeholders.
* Leading and designing transformational change in culture and process.
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