Salary Mid-Point: $90,000
Location: Chicago IL
Job Type: Permanent


Job Title:                            Senior Operational Risk Analyst



The Senior Operational Risk Analyst will work to identify, measure, monitor, and report risks and exposures across the organization through the Operational Risk Management Policy and framework, and specifically through Operational Risk Management programs, including but not limited to: Risk and Control Self-Assessments (RCSAs), risk assessments, process mapping, control testing, and operational event tracking.  



  • Lead the Risk and Control Self-Assessment Program (RCSA): including scheduling, completion of reviews, and subsequent control testing
  • Partner with business units to perform risk assessments of significant operational processes
  • Partner with business units to address / remediate control deficiencies identified during Risk Assessments, RCSA process mapping or control testing, or that surface from a specific loss event, through timely completion of defined action plans
  • Monitor the implementation of action plans and validate completion
  • Research and implement best practices in risk management
  • Assist in identifying or developing tools or methods to track and monitor outstanding items requiring follow-up and resolution
  • Identify, monitor, assess, and report on the effectiveness of the control environment
  • Promote awareness of the RCSA and Risk Assessment processes and the value of a strong Risk and Control culture across the organization
  • Report operational risk event outcomes to enable management to ensure effective controls are designed and implemented
  • Analyze and identify trends in operational risk events
  • Ensure that significant risks are escalated appropriately and timely through proper channels
  • Participate in the proactive review of critical processes, including process mapping and review of procedure documentation
  • Implement and maintain Operational Risk Management’s control testing methodology


  • Bachelor’s degree or relevant experience equivalent
  • Strong background in risk, testing, compliance or audit required
  • 5-7 years of risk related work experience, preferably in the financial services industry.
  • Specific experience in RCSA program administration a strong plus
  • Ability to work independently, handle multiple tasks, and meet deadlines
  • Well-developed written and oral communication skills
  • Confidence to work directly with senior management
  • Strong analytical, logical reasoning, and problem-solving skills
  • Strong team orientation and ability to collaborate effectively with Business Units
  • Proficiency in Microsoft Word, PowerPoint, Excel, Visio, and SharePoint