Operations Risk Analyst - Midland States Bank : Job Details

Pay Rate:$22.00-$26.00At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.Position SummaryThis position will be responsible for providing primary backup to the Operations departmental Risk Owner Community of Interest (ROCI), ensuring departmental risk management controls are updated and current to represent the current business line controls. The position also will be responsible for compliance and Audit initiatives for the department. The Operations Risk Analyst will provide support to the Operations Control team, perform assessments on operational processes to validate compliance with internal controls and process expectations, and will assist in providing assurance that the bank maintains effective internal controls across all Operations business processes. This position is an individual contributor role.Primary AccountabilitiesPerforms control testing and monitoring on a periodic basis as required by the departmental control framework to ensure adherence to established standards and mitigate risk exposures.Acts as the primary backup for the Operations departmental Risk Owner Community of Interest (ROCI), ensuring that risk management controls are aligned with current business practices.Stays informed on relevant legal, market, credit, operational, and regulatory risk ensuring alignment with the departments risk management strategy.Ensures the policies and standards owned by the department are updated and monitored accordingly.Collaborates with the team to develop and update policies and standards as needed to address evolving risk areas.Works with department leadership to prepare for and support internal and external audits, including conducting post-audit lessons learned reviews and targeted follow-up training to address identified deficiencies.Supports the onboarding of new vendor relationships by conducting thorough risk assessments, monitoring, and collecting required documentation, and ensures annual or bi-annual reviews are completed as required.Assists in the annual Business Continuity Planning (BCP) testing and Business Impact Analysis, making adjustments as needed to enhance the departments resilience.Assists in planning and conducting reviews in alignment the operations internal control structure.Utilizes checklists to validate the accuracy and quality of work completed within operations, ensuring it meets expected tolerance levels.Conducts interviews with various business partners to capture details for creating or updating operational processes.Assists in the preparation for regulatory examinations, ensuring all necessary documentation and controls are in place for successful compliance.The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.May require work in a Midland office to ensure collaboration and support of internal and external customers.Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).Other duties as assigned.Position QualificationsEducation/Experience:Associates degree in Finance or Business, or equivalent experience.Minimum of 3years of demonstrated experience in banking, auditing, or risk management.Preferred working knowledge of banking laws and regulations, as well as risk and compliance processes.Preferred knowledge of technologies and systems used in financial institutions.Strong oral, written, and interpersonal communication skills.Strong organization and time management skills.Strong attention to detail.Ability to work independently and as part of a team.Competencies:Business insightCultivates innovationDrives resultsMakes sound decisionsBeing a brand championCollaboratesCommunicates effectivelyCustomer focusBeing AuthenticEmotional IntelligenceSelf developmentBeing flexible and adaptableAt Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. Were proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at [email protected] JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENTPI46817806ce1d-31181-#######8.