Operational Risk Manager

08 May 2017
07 Jun 2017
Contract Type
Full Time

Job Description: Aleading Banking institution based in Reading is currently searching for an Operational Risk Manager. This is an exciting opportunity for a junior candidate to gain great experience with one of the country’s leading financial institutions.

The role-

As our Operational Risk Oversight & Monitoring Manager, this role is primarily tasked with monitoring adherence to the operational risk framework across the Bank. Including analysing data within, and providing independent challenge to, the various operational risk elements including RCSA, Risk Events, Business Assurance, to identify trends, data exceptions and supporting assessment of the operational risk profile at a Bank, thematic and business unit level.

Key Requirements-

  • Oversee and monitor adherence to the Operational Risk Management Framework, including requirements within each of the supporting policies and processes, ensuring their robust application across the business and providing reporting on exceptions.
  • Monitor Risk Events ensuring appropriate remedial work is undertaken by first line business areas and tracked to conclusion, provide validation of data accuracy including allocation to appropriate risk themes/ Basel categories, review associated risk data including RCSAs to ensure controls and risk assessments have been updated, prepare data for submission to the regulator / external data sharing consortiums in line with prescribed standards.
  • Review RCSAs to identify data exceptions and inconsistencies with other framework elements (including risk events), working with first line business areas to address or raising concerns to management where appropriate.
  • Review and monitor RCSA actions to ensure timely updates and track to conclusion.
  • Responsible for accurate and timely MI including aggregation of Business Assurance results from central functions and business areas, identify trends, and draft reporting for CORC and other committees on results and trends.
  • Provide oversight of the Risk Acceptance process, ensuring central records remain accurate and proactively following up expiring acceptances.
  • Support Operational Risk Managers within Group Risk by providing an accurate and timely overview of the RCSA, Business Assurance and Risk Event data for respective areas within the Bank.
  • Providing relevant feedback to first line risk supporters and / or SMEs.
  • Supporting reporting to CORC and other committees.
  • Develop oversight and monitoring plan for approval by Operational Risk Director.
  • Responsible for departmental compliance with the Operational Risk Management Framework including maintenance of the Operational Risk RCSA, performing business assurance testing and providing periodic reporting as required
  • Support Operational Risk Director and Group Operational Risk team in analysis and production of thematic oversight reports ensuring these are timely, accurate and relevant to the risks of the business
  • Provide effective communication between second and first line risk teams in order to raise exceptions and ensure these are acted upon.
  • Support and help to embed a robust risk culture through the business.
  • Ensure contribution to the team and colleagues.
  • Manage and develop reporting relevant to the role.
  • Update and production of relevant SOPs.
  • Maintaining a good understanding of current Bank relevant risks / issues / events enabling constructive challenge and informative reporting.

The Person.

  • Experience of working within a risk or control area within financial services.
  • Strong awareness of operational risk and control environment execution within a financial services environment.
  • Strong reporting and analytical skills, able to draft reports to senior leaders and Executive Committees.
  • Achieving (results focused, takes initiatives, concern for excellence).
  • Track record of delivery.
  • Excellent communication, organisational and influencing skills with the ability to engage with colleagues of all levels across the organisation
  • High levels of accuracy and attention to detail.
  • Ability to work independently.
  • Strong analysis skills.
  • Sound knowledge of Office products, especially Excel.
  • Sound reporting skills - ability to translate data into information.
  • Demonstrate a rational, pragmatic, disciplined and methodical approach to delivery
  • Graduate - Desirable