Operational Risk Manager - International Bank
Excellent opportunity opens for a strong Operational Risk Manager to join anInternational Bankin a senior position working hand-in-hand with the CRO. You will lead the management andoversight of operational risk within the Bank, and drive the implementation and enhancement of theBank’s Risk Framework.
Key Responsibilities
*Support the Head of Operational Risk within second line of defense in the day-to-day management of operational risk to include key risk management activities such as: Operational Risk Event reporting and error resolution, Risk and Control Assessments, Business/project risk assessments, Key Risk Indicators and operational risk training to first line risk owners.
*Undertake and document Control Assurance Testing (CAT) linked to RCAs & risk events.
*Co-ordinate, monitor, and report on a framework of Key Risk Indicators (KRIs) for the Bank.
*Assist the first line of defense in the preparation and documentation of their Risk and Control Assessments (RCAs) for all areas within the Bank.
*Assist the first line of defense with the investigation of Risk Events and preparation of reports.
*Maintain both the risk event and risk issues logs, monitoring progress and escalating as required.
*Compile the monthly MI reporting for the Risk Management Committee.
*Involvement in the process of embedding the operational risk framework throughout the business areas and contribute to the risk and control culture of the organization through knowledge sharing and awareness on the importance of risk management.
*Influence and monitor progress of action plans to improve the risk and control environment arising from internal and external risk events, risk issues, RCAs, risk monitoring, internal and external audits, and regulatory inspections.
*Investigate and escalate breaches or risks of foreseeable harm via the risk events process.
*Promote an appropriate culture of awareness and attention to OR throughout the bank in line with evolving regulatory requirements by embedding the three lines of defense and enhancing the OR reporting and governance.
*Give quality advice, guidance, and training to the business lines so that the business owners can manage its risks and meet its regulatory obligations.
*Be aware, maintain knowledge and adhere to the relevant regulatory and legal obligations of the function managed, including local and wider group policies. This should include an understanding, and the appropriate application of the PRA and FCA requirements and the organization’s commitments.
*Escalate more complex risk issues to the Head of Operational Risk as required.
Qualifications
*The ideal candidate should be educated to degree level and have Operational Risk Management experience within financial services. However, strong candidates with transferable operational risk experience will also be considered.
*Good experience in Operational Risk Management.
Experience/Knowledge
*Sufficient breadth and depth of Operational Risk Management experience to make critical assessments and sound business decisions;
*Experience gained within a Financial Services operational risk function, ideally within IT, Finance or Regulatory Reporting experience;
*Solid quantitative and qualitative analytical skills, attention to detail and strong excel skills.
*Strong communication skills (both written and oral);
*Strong time management skills in order to meet agreed deadlines;
*Strong desire to build a career in operational risk management and the entire risk management spectrum;
*Proven interpersonal skills with ability to work with a fair degree of autonomy and demonstrate initiative and a sense of personal accountability, but remain a team player and enjoy contributing in a cooperative environment;
*Confident and able to deal with senior management to get desired result;
*Willing to learn and quick to adapt;
*Ability to work well in a small, collaborative team.
Interested? Please Apply!
Risk Management 2LOD Second Line Of Defence RCA KRI Compliance Governance Risk Reporting MI Management Information CAT Bank Banking Retail Bank Investment Bank