Sr Operational Risk Analyst

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					                                                     Job Description
Job Title:         Senior Operational Risk Analyst
Reports To:        Risk Manager
Department:        Office of the CIO
Division:          Investments

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
       other suppliers.
   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
       managed portfolios.
   5. Develop and generate reports to document and communicate relevant day-to-day operational risk indicators
       and metrics.
   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.

Revised: 6/25/10
                                                   Job Description
   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
                                                                                  Authority (FINRA)
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.
Computer Skills:
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,
Revised: 6/25/10
Work Environment:
The noise level in the work environment is usually

Physical Demands:
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
or hear.

Revised: 6/25/10

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