Operational risk analyst job description

+ Department: MIT Investment Management Company

+ School Area: Executive Vice President

+ Employment Type: Full-time (Hybrid)

+ Employment Category: Exempt

+ Visa Sponsorship Available: No

+ Schedule:

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Information on MIT's COVID-19 vaccination requirement can be found at the bottom of this posting.

FINANCIAL REPORTING AND OPERATIONAL RISK (FROR) SENIOR ANALYST, MIT Investment Management Company (MITIMCo), to join a growing team and be primarily responsible for the preparation and review of daily risk reporting, monthly validation of administrator-produced NAV packages, monitoring of regulatory thresholds and the resultant preparation of regulatory filings, supporting the tax preparation cycle and aiding in the review of the resultant returns, and maintaining the operational due diligence cycle. Will also support ad hoc requests. Responsibilities include analyzing and distributing daily risk report for multi-billion-dollar investment partnership, noting any threshold breaches; validating management and incentive fees for separately managed accounts, funds of one, and other fund structures; assisting with the review of monthly NAV packages; monitoring regulatory reporting thresholds that trigger filings; assisting with the preparation and review of regulatory filings; assisting with the migration of books and records from current fund administrator to a successor; facilitating operational due diligence of external managers throughout the investment life cycle; reviewing and approving investment-related expenses submitted for reimbursement; assisting with the analysis and marketing of closed-end fund positions for the secondary market; and other duties as requested.

Job Requirements

REQUIRED: bachelor's degree in accounting or related area; four years' accounting experience within a financial services firm; demonstrated understanding of investment management and financial statements; strong Microsoft Office skills, including advanced-level proficiency with Excel; familiarity with data manipulation tools; strong data analysis, research, communication, and writing skills; ability to work with exercise independent and sound judgment minimal supervision, prioritize own work, meet tight deadlines, work under pressure, and adjust to shifting priorities; attention to detail; and excellent problem-solving skills for resolving ambiguous, complex, and multivariable problems. Job #21389-8 6/6/22

The Risk Operations Analyst II is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team.
Responsibilities:

Provides Credit Policy advice and any query on Credit Documentation to Business and any related parties. Reviews credit documents and ensure that they are in compliance with Citibank Credit Policies and Standards; Reviews of Credit Risk and Basel II systems batch processing, investigation and follow up of any issues; Prepares special reports as needed that are not readily available to the users by using the query tools available. Works with other team members if required to provide efficient and timely results. Develops, analyzes and interprets the data from the risk systems, making comparable analyses, recommending options and courses of action; Works closely with the other teams to ensure knowledge sharing and transfer of best practices; Works closely with other parties such as technology when required to resolve issues. Checks that the required documents for each approved facility are in place according to Credit Policies and local requirement before proceeding to release it in the credit system. Performs name screening of the authorized signers of credit documents. Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.


Qualifications:



0-2 years relevant experience Ability to produce work accurately and under pressure to challenging deadlines; Consistently demonstrates clear and concise written and verbal communication skills Proficient in Microsoft Office with an emphasis on MS Excel Self-motivated and detail oriented Good analytical and problem solving skills; Some credit risk and product knowledge; Ability to adapt to new situations and implement changes


Education:



Bachelor's/University degree or equivalent experience



Job Family Group:

Risk Management


Job Family:

Risk Exposure Monitoring & Management


Time Type:

Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

What you'll do day-to-day:

• Work with cross functional teams across the firm to perform risk assessments, control testing, risk event retrospectives, and identify, track, and action issues
• Design, build, and monitor risk indicators, detective controls and alerts, and dashboards for continuous risk monitoring of exposures and risk oversight and supervision
• Conduct data analytics in support of strategic risk initiatives
• Curate materials to facilitate business risk reviews and risk committees

About you:

• Comprehensive knowledge of broker dealer operations and passion for financial markets and risk analytics
• Ability to learn quickly, think critically, and apply problem-solving skills to resolve issues and implement operational improvements
• Resourceful and adaptive in fast-paced, entrepreneurial environments; strong bias to action
• 5+ years of hands-on experience in Broker Dealer Operations, Risk Management, and/or Data Analytics professions

Bonus points:

• Master's degree in finance, business, or a quantitative field
• Risk management expertise, including process design and risk assessments
• SIE, Series 7, and Series 24 (or ability to obtain within 6 months)
• Comfortable with data analysis and data visualization tools including SQL, Python, Tableau or Looker

CO Residents: In Colorado, the base pay for this position ranges from $85000 to $110000. This role is also eligible for an annual discretionary bonus and participation in Robinhood's equity plan.

We're looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you're ready to give 100% in helping us achieve our mission-we'd love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood promotes diversity and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. To review Robinhood's Privacy Policy please visit Robinhood - US Applicant Privacy Policy.

Click here to learn more about Robinhood's Benefits.

Robinhood is a primarily remote company. If hired, you will work as a remote employee unless the job you are applying for has a different working model specified. Please reach-out to your recruiter if you have any questions regarding the job's working model.