Job Title: Senior Operational Risk Analyst
Reports To: Risk Manager
Department: Office of the CIO
Target Salary Range: $40.82 - $51.03 ($84,900.82 - $106,136.66) with eligibility for incentive compensation
FLSA Status: Exempt
Posting Valid: 07/01/2010 until filled
Summary: The Senior Operational Risk Analyst is responsible for performing operational due diligence assessments
of OPERS’ external investment managers, development of the independent operational due diligence program,
operational risk assessment and oversight of internal investment activities, and coordination of activities related to
business continuity planning for the Investment Division.
Essential Duties and Responsibilities include the following. Additional responsibilities may be assigned.
1. In conjunction with the External Management group, conduct initial and ongoing operational due diligence
assessments of external public market investment managers. Travel, as necessary, domestically and
internationally to perform operational due diligence assessments.
2. Develop the operational due diligence program for both prospective and existing investment managers.
3. Review and evaluate operational due diligence assessments conducted by OPERS’ external consultants or
4. In conjunction with OPERS Investments, Audit, Compliance, Accounting and Operations Groups, coordinate
daily operational risk management activities and proactively mitigate issues for both internally and externally
5. Develop and generate reports to document and communicate relevant day-to-day operational risk indicators
6. Develop and actively participate in the OPERS Operational Risk Management Committee.
7. Coordinate and develop the Investment Division’s business continuity planning activities.
8. Assist the OPERS Investment Operations group to implement operational risk controls and processes that
conform to best practices.
9. Monitor the information technology systems that support investment activities and make recommendations for
enhancements as needed.
10. Independently monitor, evaluate and escalate issues associated with the operational risk management
processes and results of related external parties such as the custodian, record keeper, investment managers,
brokers, fund accountants, technology providers, and others as appropriate.
11. Maintain knowledge and understanding of industry best practices and work to implement those practices at
12. Maintain a customer service-oriented work approach towards internal and external customers.
Competencies: To perform the job successfully, an individual needs to demonstrate the following competencies:
Job Knowledge/Professional Skills: Possesses and applies current job knowledge and technical skills to perform
specific duties within defined job responsibilities.
Customer Service: Demonstrates commitment to OPERS Vision “…delivering responsive high quality service
every time, all the time” through exhibiting an attitude of excellent service, ability to identify customer needs, use
of thoughtful communication and willingness to resolve conflict. Attentive to the needs of both internal and
external customers and OPERS Internal Customer Service Standards (ICSS).
Management Skills: Manages workload and resources by planning, organizing and delegating to meet deadlines
and accomplishes objectives while maintaining department quality standards.
Adaptability: Ability to embrace change as a necessary and desirable opportunity. Flexible in dealing with
different viewpoints and people with diverse backgrounds.
Problem Solving/Decision Making: Solves problems and makes business decisions to carry out job duties.
Weighs alternatives and determines course of action.
Communication: Ability to express thoughts and ideas to others, both orally and in writing. Demonstrates
commitment to OPERS Internal Customer Service Standards (ICSS).
Dependability: Demonstrates reliability and instills confidence in the ability to carry out job duties.
Teamwork/Interpersonal Skills: Builds and maintains working relationships with OPERS employees and
customers. Cooperates with OPERS employees to achieve common goals while demonstrating core values.
Ethics: Must comply with OPERS Personal Trading Compliance Procedures.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The
requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience: intermediate to advanced MS Word, MS Excel,
Bachelor’s degree required, preferably in Business, Internet Explorer (browser software) and MS Outlook
Finance, Economics, or Accounting. An advanced (internal email systems) and MS PowerPoint.
degree in Finance, Accounting or Economics is Candidate should possess ability to learn and utilize
preferred. Minimum 7 years experience in investment technology systems. Strong keyboarding skills
management or financial services or an equivalent required. Familiarity with securities trading, order
combination of education and experience. Preferable management and risk platforms and databases
investment experience includes auditing, risk, (including Bloomberg POMS, Charles River, Eagle,
compliance, accounting or operations. A good BARRA and Barclays Point) is desirable.
working knowledge of public market investments
including fixed income, equities and derivatives is Certificates and Licenses:
desirable. Exposure to hedge funds is preferred. Within six months of hire, the candidate must meet the
eligibility requirements to be licensed as a State
Language Ability: Retirement System Investment Officer (SRSIO), which
Strong written and verbal communication skills requires either:
required. Ability to read, analyze, and interpret general 1. Having achieved a passing score on one of the
business periodicals, professional journals, technical following:
procedures, governmental regulations, financial a. Series 63 exam administered by the
reports, legal documents. Financial Industry Regulatory
Math Ability: b. Series 65
Ability to apply advanced mathematical concepts such c. Series 66
as applying mathematical operations to such tasks as d. Level One of the Chartered Financial
probability and statistical inference, test reliability Analyst designation (CFA), or
validity, analysis of variance, correlation techniques 2. Earning and being in good standing with the
and factor analysis. organization that issues any of the following
Reasoning Ability: a. CFA
The incumbent should possess strong organizational b. Chartered Financial Consultant,
skills with the ability to prioritize and manage multiple c. Chartered Investment Counselor
assignments. Ability to solve practical problems and d. Certified Public Accountant CPA)
deal with a variety of variables in situations where only with a personal financial specialist
limited standardization exists. Ability to interpret a designation
variety of instructions furnished in written, verbal,
diagram, or schedule form. Ability to apply Participation in the Chartered Financial Analyst (CFA),
investment expertise and financial knowledge in a day- Financial Risk Manager (FRM), Certified Public
to-day environment. Accountant (CPA), or applicable auditing certification
programs is preferred.
To perform this job successfully, an individual should Supervisory Responsibilities:
have a high degree of PC proficiency, advanced This job has no supervisory responsibilities.
knowledge of MS Windows operating system,
The noise level in the work environment is usually
While fulfilling the responsibilities of this position, the
employee is regularly required to sit; use hands to
finger, handle, or feel; reach with hands and arms; talk