Operational Risk Specialist (Hybrid - Buffalo, NY)

Job description

Overview: The Operational Insurance Specialist provides operational and administrative support for the Bank’s insurance program. This role assists with insurance procurement activities, policy renewals, contract tracking, loss data reporting, and insurance-related invoice processing. The position supports the insurance team by coordinating documentation, maintaining accurate records, and ensuring timely execution of insurance-related financial and administrative activities. This role operates within Finance and does not perform risk management, underwriting, or claims handling functions. Primary Responsibilities: - Assist the insurance team in collecting, organizing, and validating information required to support the insurance procurement and renewal process. - Coordinate and track insurance policy renewals , contracts, and related documentation associated with the Bank’s insurance program. - Maintain organized records of insurance policies, endorsements, certificates, contracts, and renewal calendars in accordance with internal standards. - Support the administration and tracking of contracts related to insured and uninsured exposures across the Bank. - Report loss data for insura...