Operational Assurance Analyst

Operational Assurance Analyst

The Operational Assurance Analyst will assist in executing quality assurance reviews to provide oversight and monitoring of high-risk activities. The position reports to the Operational Assurance Manager and is responsible for executing on the Bank's high-risk monitoring program to ensure compliance with regulations and internal policies and procedures. The Operational Assurance group performs quality reviews over the first line's due diligence documentation and analysis of proposed and current high-risk customers, verifying compliance with Bank policy and assessing whether those customers align with the Company's Risk Appetite.

Essential duties and responsibilities include :

• Executing quality control process for high-risk customer onboarding and continued monitoring.
• Conducting targeted reviews of high-risk areas to assess compliance with regulatory requirements and internal policies and procedures.
• Collaborating with other assurance functions as needed.
• Providing reports on findings and recommendations to Operational Assurance Manager.
• Assisting in the execution of reporting to inform Senior Management and the Board on the results of monitoring and improvements needed.
• Collaborating with key stakeholders on the Risk & Compliance team to ensure sound risk management practices.

Required experience includes :

Working conditions / physical demands are in a normal business office environment.

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity / Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.