We are currently recruiting for an Operational Risk Analyst to join our clients thriving British, Shariah challenger bank with offices in London, Milton Keynes and Wilmslow to effectively manage the Bank's approach to Operational Risk. This is a hybrid role, and can be based at any of their 3 locations.
Duties will involve the following:
Support the enhancement of the bank's control framework by carrying out assurance of control testing across all functions
Test adherence to policies and risk appetite including escalation via appropriate channels
Assess the risks associated with 1LoD business line activities and assist in compiling and maintaining a complete control framework for risk management activities. Support the business lines and functions to identify risks from the First Line.
Provide support with quality reviews, taking a risk-based approach. This could include thematic reviews, regular testing of key controls, independent validation of Quality Controls and Assurance activities performed by the businesses or other methodologies as needs dictate.
Monitor output from all 1LoD areas to identify potential operational risks and, where possible, ensure appropriate mitigating actions are in place, including recommendations for remediation, improvement of controls, staff training or coaching. Proactively identify process improvement/best practice and share as appropriate.
Provide support with remediation of control failures and compliance breaches.
Support the Senior Operational Risk Anslyst to develop Key Risk Indicators (KRIs) and risk appetite metrics with divisions in accordance with bank's Risk Appetite.
Support business areas with Risk & Control Self Assessments to ensure all processes are captured. Create Standard Operating Procedures to support the RCSA output
Be responsible for building, developing and maintaining effective relationships with stakeholders in the businesses and counterparts in other functions.
Assist with production of high quality reports/presentation packs for sharing with key stakeholders; Maintain a full audit trail with clear records to support review conclusions, stored in accordance with the bank's records management conventions.
Ensure all Risk Events are documented and root cause is established. Oversight of remedial actions to ensure risks are mitigated. Full audit trail is established and trend analysis is undertaken
KNOWLEDGE AND SKILLS
Good working knowledge of MS Office applications (Excel, Word, PowerPoint as a minimum)
Knowledge of UK banking (Customer Service, Credit. Financial Crime, Operations) and risk management & controls principles appropriate to the three lines of defence model
Understanding of and compliance with group policies including Conduct Risk
Excellent attention to detail with a 'can do' attitude and strong team skills
Ability to think creatively when resolving problems and/or identify alternatives where established procedures may not exist, ensuring an improved customer experience
Strong communication (written and oral) and organisational skills
Able to work under pressure, whether alone or as part of a small team
Willingness to challenge, collaborate and adapt
A professional and well-presented self-starter requiring leadership skills, including the ability to manage risk, compliance and control activities.
Skilled communicator with the ability to influence others.
Knowledge and understanding of risk control arrangements.
Knowledge of regulatory environment and key regulatory regimes