Operational Risk Analyst

Being a Country Bank Team Member Has a Lot Of Perks! Our Competitive Total Compensation Package And Comprehensive Benefit Package Include

• Medical, dental and vision insurance, a 401(k) Plan with a generous employer contribution plus match;
• Income protection benefits;
• Educational assistance and tuition reimbursement benefits;
• Generous total paid time off, and more!

Country Bank is a growing mutual community bank with locations in Hampden, Hampshire and Worcester counties. We have been Made to Make a Difference in the lives of our customers, our communities, and for our team members every day since 1850. It is our people that drive our success and create our inclusive and engaging culture. We’re excited to meet you to discuss our career opportunities and how you can make a difference as a part of our growing Corporate Risk team!

We're excited to announce an opportunity for the position of Operational Risk Analyst
! This position supports the Bank’s risk management efforts by evaluating operational processes, policies, and controls across departments. The Operational Risk Analyst will assist with risk assessments, policy and insurance reviews, incident response analysis, business continuity planning, and reporting activities, helping ensure the Bank operates in a safe, compliant, and well controlled environment.

The hiring range for this position is $65,000 to $85,000
.

This position is Full Time, 40 hours weekly
.

• Assists in the development and support of the risk assessment process to ensure risks are managed in concert with the bank’s risk appetite statement and to assess compliance with federal and state regulatory requirements, industry standards, and bank operating procedures. Works with risk partners and business lines on risk assessment development and oversight and researches key risks and controls. Participates in risk analysis and risk assessment meetings.
• Provides support and performs analysis of proposed new products and services to ensure new initiatives begin in a manner that minimizes risk to the Bank. Identifies potential business risks, operational, and regulatory process deficiencies and improvement opportunities.
• Coordinates annual policy review and updates via communication with policy owner(s). Analyzes the impact of changes to federal and state regulations and makes recommendations for changes to policies, procedures, and practices. Ensures appropriate Risk Management Committee and Board reporting and approval and maintains approval tickler system. Publishes approved policies and maintains appropriate record retention of all policies. Works with business areas to create new policies and ensure formatting and presentation are aligned with existing policies.
  
  Research, as necessary, to confirm new policy content is accurate and appropriate given state and federal regulations.
• Reviews Bank-wide insurance coverage, maintains insurance policies, and coordinates renewals with management and insurance agent. Assists in the preparation of the annual insurance summary presentation to the Board.
• Manages Incident Response reports, performs a root-cause analysis, and documents corrective actions taken.
• Organizes the review of all Business Continuity - Business Impact Analysis (BIA) updates with business areas. This includes the review of all continuity reports prepared by business lines.
• Coordinates the semi-annual review of the FDICIA control matrix with all business areas. Coordinates subpoena responses with relevant business areas. Works with IT Security to send out subpoena documentation. Tracks all subpoena information in Subpoena Dashboard and uploads subpoena and response letter into retention. Provides password for subpoena requestor after completing identity verification.
• Monitors regulatory requirements. Maintains Regulation O tracking and reviews daily Regulation O Overdraft reporting.
• Assess Operational Risks within Bank and tracks on Operational Risk Dashboard. Drafts memos for presentation of newly added operational risks to Risk Management Committee. Conducts annual review of record retention requirements…