Operational Risk Analyst - Senior

  We've had a hand in helping build communities for over 100 years. We're listed on Fortune's "100 Best Companies to Work For" in 2006. It pays to work at WaMu. We've added even more benefits to our generous package.Learn more at wamu.com/careers Operational Risk Analyst - Senior At WaMu, our core values inspire and guide our talented team as they help us write our extraordinary ongoing success story.  We believe that a diverse group of talented, committed individuals—working as a team—can make a real difference. We celebrate our successes, learn from our failures, and keep our egos in check. We also manage to keep a sense of humor along the way.  So if you’re ready for WaMu, read on!   The focus for this team centers around working with Retail’s business units to manage Operational Risk.  This includes planning and performing BASEL II Risk & Control Self-Assessments; coordinating operational risk activities for the stores and telesales channel, as well as business lines; developing and monitoring Key Risk Indicators; performing Scenario Analyses for existing and new processes; and providing Operational Risk consulting and advice for business lines.  We also develop and lead a wide array of ad-hoc projects that vary depending on the current company, segment, and management goals as well as the current market and industry risks.  We are constantly on the front-line of company, segment and regulatory changes affecting RBWI, which keeps us fully informed of the inner-workings of the Bank.    -Assist operational risk managers in the development and maintenance of risk control self-assessment processes within the business units. -Follow up with business unit management on the status of risk and control issues and recommendations. -Conduct research and analysis to support the development and maintenance of the operational risk management policy and standards including the operational risk management framework and risk measurement methodology. -Work with business unit management to document and evaluate the operational risk profile and risk management control processes. -Coordinate the gathering and analyzing of operational loss data through various financial systems. -Through risk and control analysis, identify process improvement and cost savings/revenue enhancing opportunities. -Coordinate the development and implementation of operational risk awareness communications and training including writing and delivery. -Provide support for periodic risk reporting to Senior Management and the Board of Directors. -Assist with implementation and maintenance of operational risk tools. -Support project activities for key department initiatives. -Principles and practices of accounting and financial analysis including internal control and risk management concepts. -Financial services industry practices and regulatory requirements, including lending, deposit, treasury, and support operations. -Strong analytical skills including the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity. -Basel II and Sarbanes-Oxley Act. -Data warehouse, reporting, or data mart applications. -Convey interpretation of concepts, recommendations, and ideas to Company personnel and management in an effective and convincing manner orally and in writing; effectively communicate technical issues in formal training sessions. -Establish and maintain effective working relationships as required by the duties of the position. Demonstrate the ability to function in a joint, cooperative manner; share information with co-workers and peers and support department and team plans, programs, and policies. -Perform multiple tasks in a fluid environment, and to work both independently and as a team member -Interpret non-routine guidelines to various complex work unit activities and challenge underlying assumptions, when appropriate, to improve methods and processes and generate cost savings. -Display resourcefulness, cooperation, commitment and dependability.  Readily accept responsibility and show interest in and active involvement in producing new ideas.  Demonstrate insight about which ideas will be most effective. -Adapt and respond well to change in job duties, staff, peers, policies and procedures. 4-5 years prior work experience in risk management or related fields including public accounting, internal audit, data security, business continuity planning, financial analysis, or compliance roles in the financial services, insurance, or retail business sectors An undergraduate or graduate school degree, including major course work in accounting, finance, business information systems, statistics and economics. Possession of, or willingness to pursue, professional certification (e.g., CPA, CIA, Certified Risk Professional, Financial Risk Manager). General knowledge of local, state, federal accounting rules, policies and requirements. Knowledge of regulatory relations for banking institutions a plus.  Understanding of accounting controls, especially as they relate to multi-system interactions. Strong communication skills, ability to work well with people of varying abilities and backgrounds. Strong written and oral communication and negotiation skills. Ability to work independently and as a team to solve problems efficiently, effectively, and on-time. Commitment to continuous learning. Proven record of strong attention to detail and accuracy.  Demonstrated ability to organize and prioritize multiple tasks; work in a dynamic, fast-paced environment and to adapt to change. Ability to understand broader business and financial issues.Washington Mutual is an equal opportunity employer. We embrace differences, welcome diversity, and value a culture of respect.