Operational Risk Analyst at Byline Bank

Posted in Other 7 days ago.

Location: Chicago, Illinois

Job Description:

The Operational Risk Analyst will perform duties to support the effective administration of the Bank’s Model Risk Management Program (MRMP) and related policies, Records Management Program, Management and Property & Casualty Insurance Programs, and assist in other Operational Risk efforts, including Risk and Control Self-Assessments (RCSA), risk assessments, and Operational Risk Event reporting. Position is fully remote.


  • Collaborate with business lines and model owners to ensure compliance with MRMP requirements, including maintenance of model inventory, model risk ratings, issue tracking, and annual attestations
  • Conduct non-complex model and spreadsheet validations
  • Coordinate validation and certification efforts for complex third-party owned models
  • Compile data and reporting on Model Risk measures across the Bank’s model inventory
  • Review Significant Spreadsheet and Key Report inventory for inclusion in validation activities
  • Review various business and operations process flows to help identify models and spreadsheets that should be monitored pursuant to the MRMP and related policies
  • Create and deliver training programs to model owners and Bank staff regarding MRMP
  • Assist in the administration of the Records Management Program, including periodic testing and monitoring for compliance, updating policies and procedures, and creating and delivering training to Bank staff
  • Assist in the maintenance of the Management and Property and Casualty Insurance Programs, including completing annual applications, monitoring changes in and timely payment of premiums, reporting claims activity annually by insurance type, submitting updates to insurance carriers, maintaining certificates of insurance, and reporting to Enterprise Risk Management and Risk Committees
  • Assist Senior Operational Risk Analyst as needed in completion of Risk Assessments, RCSA reviews, periodic control testing, and validation of action plan completion
  • Continually partner with Business Units to promote the value of a strong risk and control culture across the organization
  • Assist in the compilation, identification, reporting, and monitoring resolution of operational risk events

Note: Management may assign or reassign duties and responsibilities to this job at any time.

  • Bachelor’s degree or relevant experience equivalent
  • Background in risk, testing, compliance, bank operations, or audit required
  • 3-5 years risk management environment, preferably in the financial services industry
  • Well-developed written and oral communication skills
  • Confidence to work directly with senior management and lead training sessions for Bank staff
  • Strong analytical, logical reasoning, and problem-solving skills
  • Strong team orientation and ability to collaborate effectively with Business Units
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), and Visio