Operational Risk Business Analyst

Operational Risk Business AnalystBoston, MA (Hybrid)Through September 2025Position SummaryThe Operational Risk Management Department is responsible for the direction, oversight, and reporting of operational risk management activities throughout the bank to comply with requirements established by Bank policy. ORM provides tools andguidance to ensure business lines comprehensively and accurately identify, measure,monitor, and control operational risks.This temporary assignment is focused on executing the Detail Review project, whichincludes process mapping, risk/control mapping and gap analysis. This role will beworking with various Bank functions (initially Bank Operations and Housing &Community Investments), excluding Bank Technology. As part of a team of currently 4,the selected worker will be supporting the Operational Risk Manager and Director,Operational Risk Management in executing the mission of the department throughactivities to implement procedures to monitor and report on operational risk managementthroughout the Bank.This role will have a hybrid work schedule in our Boston office in accordance with theBank's Hybrid Work Program. More time will be expected in the office to supportonboarding initially.Specific Responsibilities for a Temporary Assignment•Assist business units in the identification of risks and mitigating controls byunderstanding each area's functions, processes, and workflows. Update theoperational risk and control inventory database to compile, analyze, and reporton risks and controls at the business unit and bank level.•Coordinate the completion of risk and control assessments, related summarydocumentation and follow up actions.•Other duties, as assigned.Knowledge/Skills•Broad understanding of all bank products and processes including lending,treasury, accounting, and bank operations (payments processing, securitiessafekeeping, derivatives processing).•Ability to analyze and document process workflows to identify risks and mitigatingcontrols.•Strong written and oral communication skills with experience performing in ateam-oriented environment.•Proficiency with Microsoft Office programs, Outlook, SharePoint, and Teams forwork assignments and communication is expected. Experience with VISIO aplus.•Excellent organizational skills.Education•A degree in finance, economics or a related field is preferred or equivalent workexperience.Experience•Five (5) to Seven (7) years of relevant work experience in financial services,financial consulting or a financial regulatory agency, preferably in a riskmanagement or audit capacity.