Operational Risk Analyst Goals and Objectives Examples
Develop and implement effective risk management strategies.
Monitor compliance with operational risk policies and procedures.
Identify potential risks and develop mitigation plans.
Collaborate with cross-functional teams to assess and manage risk.
Conduct internal risk assessments and audits.
Analyze and report on trends in operational risk.
Stay up-to-date with best practices in operational risk management.
Identify and evaluate control deficiencies.
Implement process improvements to reduce operational risk.
Review and approve business processes, procedures, and practices.
Manage the operational risk reporting process.
Provide guidance and training to employees on operational risk management.
Evaluate third-party relationships for operational risk exposure.
Liaise with senior management on operational risk issues.
Ensure compliance with regulatory requirements related to operational risk.
Develop and maintain operational risk metrics and reporting.
Coordinate with other risk management functions to optimize risk management efforts.
Facilitate disaster recovery and business continuity planning efforts.
Build and maintain strong working relationships with internal stakeholders.
Participate in industry forums to share insights and best practices.
Assess the effectiveness of operational risk controls in place.
Develop and execute a crisis management plan.
Conduct root cause analysis of operational risk incidents.
Monitor emerging operational risks and provide guidance on mitigation strategies.
Implement a fraud risk management program.
Conduct stress testing exercises to assess operational risk exposure.
Create awareness of operational risk across the organization.
Ensure that internal controls are adequate and are being followed.
Advise management on the strategic direction of operational risk management.
Develop an operational risk framework that aligns with the organization's strategy.
Identify opportunities to streamline processes while maintaining effective controls.
Foster a culture of risk awareness and responsibility within the organization.
Stay abreast of emerging risks and trends in operational risk management.
Facilitate risk assessments of new products, services, or initiatives.
Ensure that key risk indicators are identified and monitored.
Monitor operational risk incidents to identify trends and root causes.
Develop and implement incident response plans for operational risk events.
Conduct risk assessments of business continuity plans.
Develop and maintain a risk register.
Maintain an inventory of key business processes and associated risks.
Conduct vendor risk assessments to evaluate operational risk exposure.
Implement effective data governance practices to reduce operational risk.
Analyze regulatory changes and assess their impact on operational risk management.
Develop policies and procedures to manage operational risk issues.
Ensure that operational risk assessments are conducted on a regular basis.
Develop and implement training programs for employees on operational risk management.
Establish a risk appetite statement for operational risk.
Stay up-to-date on emerging technology and associated operational risks.
Create a culture of continuous improvement in operational risk management.
Develop and maintain relationships with external auditors to ensure effective audit coverage.
Evaluate the effectiveness of crisis management plans on an ongoing basis.
Ensure that contingency plans are in place for key systems and processes.
Manage the escalation of operational risk incidents to senior management.
Conduct scenario analysis to assess the impact of potential risks on the organization.
Ensure that adequate insurance coverage is in place to mitigate operational risk.
Communicate operational risk management policies and procedures to employees.
Implement a system for tracking and reporting operational risk incidents.
Develop and implement controls to manage cyber security risks.
Perform due diligence on potential acquisitions or mergers to assess operational risk exposure.
Develop and implement a process for tracking and monitoring risks arising from change initiatives.
Provide input into the development of the annual budget for operational risk management.
Ensure that operational risk management plans are integrated into the overall risk management framework.
Facilitate regular reviews of operational risk management practices to ensure effectiveness.
Implement a system for tracking and monitoring compliance with operational risk policies and procedures.
Ensure that risk assessments are conducted prior to launching new products or services.
Monitor reports on operational incidents to identify emerging trends.
Conduct training sessions on operational risk management for employees at all levels of the organization.
Develop and implement controls for managing physical security risks.
Establish an incident response team to manage operational risk events.
Monitor the effectiveness of controls in place to manage fraud risk.
Collaborate with internal audit to ensure appropriate coverage of operational risk.
Ensure that all operational risk events are investigated and documented.
Provide regular reports to senior management on the status of operational risk management efforts.
Ensure that adequate resources are allocated to operational risk management activities.
Participate in crisis management exercises to test operational risk management plans.
Develop key performance indicators (KPIs) to measure the effectiveness of operational risk management efforts.
Conduct periodic reviews of operational risk management frameworks to ensure alignment with best practices.
Facilitate discussions with business units to identify key operational risks and controls needed.
Ensure that contingency plans are in place for natural disasters or other catastrophic events.
Develop a communication plan for responding to operational risk events.