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Operations Risk & Control Analyst – Wholesale Loan Operations

Job Description

Member of the Process and Control Team whose primary responsibilities include design and execution of the risk control self-assessment (RCSA) framework across Commercial Bank Operations for compliance with regulations.

Primary responsibilities include:
  • Assess risks applicable to Legal Admin supports functions across the LOBs supported by Wholesale Loan Operations
  • Map risks to key processes within Commercial Bank Operations and ensure controls are properly aligned to activities having moderate to very high inherent risk
  • Design and execute targeted testing to determine effectiveness of controls around Compliance with the Flood Disaster Protection Act (FDPA)
  • Design and execute targeted testing to determine effectiveness of controls around Collateral Management Activities
  • Partner with business unit management to develop action plans and provide recommendations to remediate issues identified.  Monitor the status of actions plans to drive on-time completion
  • Prepare executive level reporting of key risk and control metrics
  • Act as liaison for internal and external audits and compliance reviews
  • Support business operations by sharing ""best practices"" and current risk issues; reinforce importance of a strong control culture within operational teams"
  • Undergraduate degree in accounting or finance, plus 3- 5 years of external or internal auditing experience or equivalent is required
  • Expertise in performing robust risk assessments, identifying and designing effective testing of internal controls and performing effective root cause analysis
  • Expertise with auditing techniques including appropriate sampling, performance of controls testing and documentation required to meet the reperformance standard
  • Ability to formulate and clearly document appropriate conclusions on control effectiveness based on testing performed
  • Strong analytical skills including the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity
  • Proven aptitude for making recommendations for improving processes and strengthening controls
  • Previous supervisory skills or project management skills a plus; ability to monitor tasks to completion
  • Strong familiarity with commercial banking lending operations, regulations and lending related source documents; specific experience in Commercial Banking and or Credit Administration
  • Ability to organize and prioritize work, to remain flexible and productive through shifting priorities and deadlines and to handle tasks concurrently
  • Previous experience and knowledge of loan operational functions within the banking industry
  • Excellent communication, presentation, analytical and problem solving skills
  • Certification (CPA or CIA), a plus
  • Experience with Excel, Word and PowerPoint; Visio experience strongly preferred
Req #: 160020749
Location: Chicago, IL US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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