Job Details

Operational Risk & Control Manager

London, Greater London, United Kingdom, £50,000 - £100,000 , Permanent

Posted: 1day ago


My client are a leading bank (Investment, Corporate and Wealth Management), who are looking for an experienced Operational Risk & Control Manager (AVP and VP) to join their division.

The Risk Division is part of the Group-wide Chief Risk and Compliance Officer function, and supports both Investment Banking and Wealth Management business management to oversee and control the risks taken within the bank. Operational risk sits within the Risk Division and is the second line of defence challenging the operational risk activities carried out by the Businesses. Operational risk management is aligned to the business to ensure delivery of an effective operational risk framework and independent oversight.

The Operational Risk Manager will be responsible in:

Assist the Head of Department with the 2LoD testing of 1LoD controls, according to control standards, including tracking of taxonomy changes.
Support the Head with operational risk incident reviews, thematic reviews and 1LoD change engagement as required.
Establish an independent 2LoD MI/reporting across the NFR space, to allow monitoring of business operational risks and risk appetite consumption.
Develop key risk indicator (KRI) and key control indicator (KCI) for operational risks across the risk taxonomy, focusing on high inherent risks
Assist the Head with the 2LoD action tracking/enforcement across incidents, Risk and Control Self-Assessment (RCSA) remediation, audit points and 1LoD self-identified actions.
Support the Head of with reviewing and enforcing adherence to the Group policies.
Be involved in various BoD mandated NFR initiatives to provide the adequate review and challenge of the operational risk landscape.
Assist with policy writing and policy documentation.
Input into and participate in change initiatives, remediation projects and issue resolution throughout the region in an operational risk capacity.
Candidate must-haves:

Operational risk management experience, including operational risk framework implementation, operational risk/incident assessments, control implementation and testing, and KRI/MI reporting.
Relevant university degree (preferably in finance, risk management, or economics) or equivalent work experience.
Strong written and verbal communication skills. Strong interpersonal and organisational skills and ability to coordinate across teams.
Results-oriented, hardworking individual who has the ability to work autonomously under remote supervision.
Innovative and solution orientated with strong analytical, quantitative and problem solving skills.
You understand the value of diversity in the workplace and are dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realise their full potential and can bring their full, authentic selves to work.

Experience in private banking or asset management (ideally risk or compliance, but experience in a COO, product control, audit or operations roles also considered).
Professional qualification, e.g. CFA, ACCA
Familiarity and prior interaction with regulators in the UK region is beneficial, incl. ICAAP involvement.
Project / Change Management experience

Job Details

London, Greater London, United Kingdom
£50,000 - £100,000