Operational Risk Analyst Jobs (NOW HIRING)

Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!

Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

But enough about us, let's talk about you.

Are you looking for a company that views their employees as their greatest asset?

A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?

Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?

If you've said yes to these questions, then we might be a match!

Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!

• Fantastic, competitive pay and total rewards

• Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!

• Tuition reimbursement assistance: To help you continue to develop personally and professionally.

• Student loan repayment assistance: That's right, we will help you repay outstanding student loans!

• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!

• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program

• "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!

Purpose:

The Operational Risk Analyst is responsible for supporting the Operational Risk Management Group to ensure the Bank's operational risk management program within the Bank adequately identifies, assesses, measures, monitors, and reports operational risks enterprise wide. The Operational Risk Analyst will interact with process owners across the Bank to understand business processes and the risk and control environment and identify process improvements. The Operational Risk Analyst will assist in the preparation, analysis, and reporting of information to management and the Bank's Board of Directors.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities:

• Provides support to the Director, Enterprise Risk with implementing aspects of the operational risk management framework.

• Monitors and follows up on the operational risk events submitted by management to ensure corrective actions occurred. Including a root cause analysis on identified operational risk events.

• Prepares and analyzes data and trends of operational risk events and metrics to identify anomalies or trending concerns.

• Provides monthly reporting to key stakeholders on the status of operational risk events.

• Maintains the Bank's end user computing inventory utilized by the current tool and performs periodic testing, review and program updates for the end user developed program.

• Completes the quarterly calculation and reporting of the operational risk estimate calculation and provides evidence to the appropriate departments and assists with maintenance and reporting of documentation on an ongoing basis.

• Prepares various operational risk reports for the Bank's Risk Committee, the Board Risk Oversight Committee, and other key stakeholders.

• Perform regular reviews of Operational Risk Management Group procedures to ensure procedures are updated and reflect current practices.

• Other risk management projects and duties, as assigned.

Competencies:

Business

• Business workflow

General

• Dependability

• Decision Making/Judgment

People

• Communication

Position Requirements:

• Bachelor's degree, along with 1-2 years' of operational risk, compliance, or audit experience, in a financial services environment.

• Detail-oriented and ability to assume complex assignments.

• Proficient in Microsoft Office applications (i.e. Access and Excel) is preferred.

• High degree of initiative, strong analytical skills, excellent oral and written communication skills, and the ability to interact effectively with management.

• Ability to be adaptable and flexible while responding to deadlines on assignments and workflow fluctuations.

• Ability to manage a variety of projects simultaneously.

• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.

• Ability to work full-time.

• Ability to uphold and model the Bank's Guiding Principles.

Hiring Range: $74,000-87,000

Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.

FHLBank Indianapolis is an Equal Opportunity Employer.