Business Analyst - Operational Risk

Motion Recruitment Partners, LLC
Rutherford, NJ Full Time
POSTED ON 3/17/2024

Job Details

Grow your career with an innovative global bank in Rutherford, NJ as a Business Analyst with a focus in Operational Risk. Contract role with strong possibility of extension. Will require working a hybrid schedule 2-3 days onsite per week.

Join one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services worldwide. Will be responsible for liaising between business users and technology teams to gather and exchange information in a concise, logical and understandable way. The overall objective is to contribute to continuous iterative exploration and investigation of business requirements and translate them into effective technology solutions that will drive business objectives. You will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.

Contract Duration: 12 Months

Required Skills & Experience
  • 15 years of experience as a business analyst.
  • Proven skills in Manager Control Assessment (MCA), better known in the industry as Risk and Control Self-Assessment (RCSA).
  • Proven skills in Operational Risk functions including RCSA, Operational Losses, Issue Management, etc.
  • Experience with Agile methodology.
  • Demonstrated leadership skills including prior experience with managing Business Analyst teams, across time zones and cultures.
  • Strong techno-functional expertise with an experience in solution architecture and product development/delivery.
  • Experience with managing regulatory deliverables with stringent timelines.
Desired Skills & Experience
  • Experience with coordinating implementation of GRC systems (RCSA) involving business, Technology & Vendor teams using products like MetricStream, IBM Open pages, etc.
What You Will Be Doing
  • Lead and have proven skills in Manager Control Assessment (MCA), better known in the industry as Risk and Control Self-Assessment (RCSA).
  • Lead Operational Risk functions including RCSA, Operational Losses, Issue Management, etc.
  • Lead with Agile methodology.
  • Provide functional leadership and expertise to ensure the efficient design, development, and implementation and to ensure essential procedures are followed.
  • Develop strategy and guidelines for appropriate staffing requirements, exercising control over resources, budget management and planning and contributing to defining standards.
  • Resolve issues that have impact beyond own area and apply in-depth understanding of business analysis concepts and procedures and basic knowledge of other areas.
  • Define systems scope and objectives for moderately complex projects through research and fact-finding combined with an understanding of applicable business processes, systems and industry standards.
  • Create business process flows to depict current vs target state view and/or to capture summarized end to end view of overall project/program scope.
  • Work with stakeholders to elicit full, complete requirements for any upcoming releases, system bugs, or required change request / system enhancements, and prioritize them.
  • Coordinate with regional and global Risk teams and partner with other control functions, train and aid users of the system.
  • Establish and maintain internal communications processes, standards, and practices, across various business and technology groups.
  • Support multiple user acceptance testing: ensure test coverage is adequate and that the system works as designed.
  • Work as a team to achieve objectives and influence and negotiate with senior leaders across functions, communicating with external parties as needed.
  • Provide evaluative judgment based on analysis of information in complicated, unique and dynamic situations, drawing on diverse range of internal and external sources.

Salary.com Estimation for Business Analyst - Operational Risk in Rutherford, NJ
$83,994 to $107,029
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