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Operational Risk Manager- Locations listed below

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers . Applying through any other source may prevent Prosperity from receiving your application.Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.POSITION PURPOSEThe Operational Risk Manager manages all daily aspects of management and performance of the Bank’s operational risk management initiatives. The Operational Risk Manager supports the execution of risk management activities by identifying, quantifying, reviewing, evaluating, and measuring operational risk to ensure that risk is managed in accordance with regulatory requirements, approved risk tolerance, risk appetite and strategic plans approved by the Board of Directors. This position partners with other areas of enterprise risk management as well as all business units throughout the Bank to develop and continuously enhance operational risk identification and assessment processes, and to liaise with each business unit, including supporting departments, to monitor operational risk exposure. This position also has administrative responsibilities for the Bank’s Operational Risk Management reporting.This position will report directly to the Chief Risk Officer.Essential Functions And Basic Duties• Develop and implement the operational risk management framework, including policies, procedures and controls• Direct the business function risk and control assessment program• Assist first line in the execution of business function risk assessments• Coordinate, monitor and report on operational risk key risk indicators• Identify, track and report on risk issues and associated action plans• Implement and direct the second-line control testing program• Prepare and present risk reports to senior management and risk committees• Oversee the Product and Service Risk Management program, including maintaining the written program and supporting program execution across the enterprise• Coordinate oversight of the incentive compensation program and perform reviews of incentive compensation plans• Support business-initiated and project-related risk assessments• Monitor and analyze risk trends and emerging risks• Participate in the development of operational risk scenarios for capital stress testing• Support centralized incident response and crisis management programs• Support the enterprise privacy program• Support the Project Management and Vendor Management processes• Supervise assigned staff• Participate in relevant committees• Provide administrative support to the Chairman of the Operations Committee• Support audits and examinations of the enterprise risk management program• Support enterprise risk management activities during merger/acquisition events• Ensure compliance with best practices and federal, state, and industry laws, regulations and guidance relative to operational risk management• Other duties as assigned by the Chief Risk OfficerThe above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.QualificationsEducation/Certification:Bachelor’s degree, preferably in risk management, business administration, finance, or related field CERP, RIMS-CRMP, CRM certification or similar a plusRequired KnowledgeKnowledge of operational risk management theory and practicesKnowledge of the COSO ERM and Internal Control FrameworksRequiredExperience Required:Seven years of experience in banking or financial servicesFive years of experience working in relevant areas (risk management or operational management preferred, but will also consider other areas, such as audit, compliance, business continuity, project management, vendor management, or model risk)Skills/AbilitiesCritical thinking and problem-solving skillsQuantitative and qualitative analytical skillsAttention to detailAbility to convert concepts into tangible work productStrong interpersonal skills to develop collaborative relationships with a broad range of stakeholders and within a small teamAbility to plan and direct project execution and meet deadlines with limited guidanceAbility to execute multiple simultaneous projectsAbility to interpret and apply concepts from outside sources such as business periodicals, technical procedures, and governmental regulationsProfessional integrity and strong work ethicAbility to convey thoughts logically, simply and succinctly in written and verbal communications and presentationsAbility to contribute to and support a cooperative work environmentProficiency in Microsoft Office Suite including Word, Excel, PowerPoint, and OutlookLocations: River Oaks, El Campo, Sugar Land, Plano Ops, Lubbock or Oklahoma CityMonday-Friday: 8:00am-5:00pm40 hours
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What You Should Know About Operational Risk Manager- Locations listed below, Prosperity Bank

Are you ready to take the lead as an Operational Risk Manager at Prosperity Bank? Located in the vibrant El Campo, TX, you'll oversee the daily management and performance of the Bank's operational risk initiatives. Your role will be pivotal in executing risk management activities that align with regulatory requirements and the strategic plans set forth by the Board of Directors. You will collaborate with various business units to enhance operational risk identification and assessment processes, making a true impact across the organization. Imagine working alongside a talented team, where you’ll develop and implement the operational risk management framework, coordinate risk assessments, and prepare insightful reports for senior management. This role is not just about managing risks; it’s about fostering a culture of risk awareness throughout the bank, while directly reporting to the Chief Risk Officer. With responsibilities that range from supporting incident response to engaging in audits, your analytical skills will shine as you monitor and review operational risks. If you're someone who thrives in a dynamic environment and possesses a critical thinking mindset, Prosperity Bank is eager to meet you! Join us in building a safe and secure banking experience.

Frequently Asked Questions (FAQs) for Operational Risk Manager- Locations listed below Role at Prosperity Bank
What does an Operational Risk Manager do at Prosperity Bank?

The Operational Risk Manager at Prosperity Bank is responsible for managing the daily aspects of operational risk management initiatives. This includes identifying and quantifying operational risks, implementing risk management frameworks, coordinating risk assessments, and preparing reports for senior management. This role ensures compliance with regulatory requirements and aligns risk management efforts with the Bank's strategic goals.

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What qualifications are required to become an Operational Risk Manager at Prosperity Bank?

To become an Operational Risk Manager at Prosperity Bank, candidates should possess a bachelor's degree in risk management, business administration, finance, or a related field. Additionally, having certifications such as CERP, RIMS-CRMP, or CRM is beneficial. The ideal candidate also has at least seven years of experience in banking or financial services, with five years specifically in risk management or related areas.

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What skills are essential for an Operational Risk Manager at Prosperity Bank?

Essential skills for the Operational Risk Manager position at Prosperity Bank include strong analytical abilities, critical thinking, and excellent attention to detail. Proficiency in Microsoft Office Suite, as well as strong interpersonal skills to foster collaboration among stakeholders, are also key. The ability to manage multiple projects simultaneously and convey complex concepts clearly in written and verbal communications is vital for success in this role.

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What are the core responsibilities of the Operational Risk Manager at Prosperity Bank?

The core responsibilities of the Operational Risk Manager at Prosperity Bank include developing and implementing operational risk management frameworks, conducting business function risk assessments, monitoring key risk indicators, preparing risk reports for committees, and overseeing the Product and Service Risk Management program. This role also involves supporting business initiatives and ensuring compliance with relevant laws and regulations.

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How does the Operational Risk Manager contribute to Prosperity Bank's risk culture?

The Operational Risk Manager plays a crucial role in fostering a risk-aware culture at Prosperity Bank by collaborating with different business units, enhancing risk assessment processes, and implementing training and communication strategies. This helps ensure that all employees are informed about operational risks and understand their importance, ultimately contributing to a comprehensive risk management strategy.

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Common Interview Questions for Operational Risk Manager- Locations listed below
Can you explain the operational risk management framework you've developed?

In answering this question, outline the key components of the operational risk management framework you've implemented, such as policies, procedures, and controls. Highlight how these elements align with business objectives and regulatory requirements, ensuring that risks are managed effectively.

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How do you approach risk assessment in a banking context?

Discuss your systematic approach to risk assessments, detailing the methods and tools you use to identify, quantify, and prioritize risks. Emphasize collaboration with business units and how you integrate their insights into the risk assessment process.

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What key risk indicators do you typically monitor?

Mention specific key risk indicators you have previously monitored or recommend monitoring, such as operational loss events, compliance breaches, or incident response times. Explain how these indicators inform decision-making and risk management strategies.

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Describe your experience with regulatory compliance in risk management.

Share examples of how you have ensured compliance with relevant laws, regulations, and best practices in your previous roles. Highlight any successful audits or assessments that demonstrate your commitment to regulatory adherence.

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How do you communicate risk findings to senior management?

Explain your strategies for effectively presenting risk findings to senior management, such as tailoring your communication style to your audience, using clear data visualizations, and providing actionable recommendations based on your analysis.

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Can you provide an example of how you managed an unexpected operational risk?

Share a specific scenario where you encountered an unexpected operational risk. Detail the steps you took to assess the situation, mitigate the risk, and communicate with relevant stakeholders to ensure transparency and resolution.

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What role does teamwork play in operational risk management?

Discuss the importance of collaboration among various departments in operational risk management. Share examples of how working with teams has led to improved risk identification and assessment and fostered a unified risk culture.

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How do you stay updated with emerging risks in the financial sector?

Describe your methods for staying informed about industry trends, such as subscribing to professional journals, attending industry conferences, or being part of risk management organizations. Highlight how continuous learning influences your risk management strategies.

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What strategies do you use to ensure that risk management policies are effectively implemented across the organization?

Explain your approach to policy implementation, focusing on training, communication, and continuous monitoring. Emphasize the importance of creating a culture that values adherence to risk management practices.

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How do you balance risk management with business objectives?

Discuss your approach to aligning risk management practices with business goals. Highlight the importance of understanding business operations and collaborating with stakeholders to ensure that risk management supports rather than hinders strategic initiatives.

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At Prosperity Bank, we believe in a community banking philosophy where personal relationships and great experiences go hand-in-hand. We provide convenient technology options that our customers expect – all backed by the highest level of security. ...

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Full-time, on-site
DATE POSTED
December 23, 2024

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