Head of Operational Risk

EBRD; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

An international development bank in London is seeking a Head of Operational Risk to lead and develop its operational risk management frameworks. You will drive the implementation of best practices and ensure alignment with regulatory standards. The ideal candidate will possess strong analytical and leadership skills, a relevant degree, and experience in operational risk management. This role offers a competitive salary and opportunities for career growth in a diverse and inclusive workplace.

Benefits

Comprehensive benefits package

Flexible working conditions

Support for employee wellbeing

Qualifications

• Experience in operational risk or control roles within financial services.
• Knowledge of regulatory best practices (BASEL, ISO 31000).
• Ability to develop creative solutions to operational issues.

Responsibilities

• Lead a team of OpRisk professionals in developing risk management frameworks.
• Ensure alignment with internal and external operational risk standards.
• Develop management information reporting to support risk governance.

Skills

Strong analytical skills

Strong relationship management skills

Strong presentation skills

Project management skills

Computer Science

Risk Management

Continuous Improvement

Lean

Education

Bachelors degree level or equivalent

Qualification in a risk related discipline

Tools

Microsoft Office (Word, Excel, PowerPoint)

Alteryx

Job description

Purpose of Job

The purpose of this role is two-fold. Firstly to lead a team of Operational Risk (OpRisk) professionals to enhance and continually develop the Operational Risk vision and strategy for the Bank to ensure it is sustainable and remains fit for purpose.

Secondly to develop drive maintain and provide oversight of an institutional wide Operational Risk Framework for the Bank that is both efficient and effective. This consists of a network of policies processes procedures reports and responsibilities that are used to monitor and manage the operational risks of the Bank.

The Head of Operational Risk role will be the primary person responsible for ensuring the Bank has an active and robust operational risk management approach. Operational Risk is a business-critical component for the Banks three lines of defence model and is regarded as being a core & essential competence by stakeholders rating agencies clients counterparties and other interested parties and impacts all aspects of the Banks critical operations. The Head of Operational risk is tasked with ensuring the Banks approach to Operational Risk is in accordance with good practice and aligns with the needs of the Bank.

The role is based in the second line of defence providing independent oversight of the risks identified and managed by the business. It involves embedding the OpRisk framework and practices into the Banks operations and developing plans and strategies to ensure OpRisk culture is continually improved through the innovative use of technology and aligning with external good practice.

Background

The strategy and vision for Operational Risk needs to be enhanced and developed to keep alignment with key internal and external developments prioritising and delivering recommendations to enhance the Banks operational risk culture and capabilities.

The Banks Operational Risk Management Framework is the main mechanism through which key risks are identified and assessed and continue to be actively monitored. This is achieved through the use of risk appetite risk indicators and key controls and managed at levels acceptable to the Banks Risk Committee.

The objective of this role is to enhance and operate a robust Operational Risk Management framework across the Bank that is :

• Organised in a way to allow risks to be assessed robustly and logically
• Utilised by the business to ensure that the framework is appropriate to the risks we face
• Integrated into business process and procedures.
• Dynamic allowing issues to be addressed on a timely basis in changing circumstances.

This role works closely with other teams across the Bank to ensure the effective day-to-day management of operational risks across the enterprise.

The role also works with senior stakeholders internally (VPs Managing Directors Directors Team leaders) and externally to deliver on its mandate.

Accountabilities & Responsibilities

The Head of Operational Risk is resp onsible for the strategic development and oversight of effective operational risk management activit ies across the Bank where OR frameworks are deployed in order to improve the risk and control environment and reduce the impact of operational risk incidents.

They will continuously engage with the business and teams across the bank in both strategic developments as well in the review and challenge of risk information with escalation of issues via Director Operational Risk Management to the Risk Committee. Key responsibilities include :

• Develop OpRisk management tools & methodologies in line with best practice approaches the OR Framework.
• Ensure the O R Framework policy guidelines and standards are main tained to meet changing EBRD needs and best practice alignment.
• Design and deliver OpRisk awareness training and support bank wide . Dev el op and main t ain a n operational r isk network acr oss the bank to support execution .
• E n sure Senior Management review and assess their key operational risks and the effectiveness of key controls on a regular basis with actions identified to address any deficiencies .
• P rovid e best practice mitigation advice to ensure effective plans are in place to manage operational risks .
• Partner and challenge business areas to ensure analysis of incidents is conducted to identify root causes and trends with effective management of action plans .
• For core risk issues that arise ensure these are appropriately managed according to the OR Framework and in accordance with policy .
• Lead reviews of Risks and Risk Appetite mak ing recommendation s or escalat ions including reviews of business indicators / metrics to ensure within established risk appetite.
• Develop and maintain management information reporting to support Risk governance and assist senior business leaders to make informed dec i sions.
• Manage the OpRisk Management System and vendor relationship s to ensure the system meets the OpRisk Framework requirements .
• Develop external relationships to keep aligned with good practice ( regulated and non-regulated) .
• Represent the department at various Risk and Control committees also working groups r elated to new products strategic system s and project activities.
• Contribute to OpRisk Strategic direction including an integrated Enterprise-wide Risk Framework and Governance Risk and Compliance (GRC) strategy and systems .
• Conduct other risk and control activity as required by the Director OR M .
• Directly accountable for the effective overall management and development of the team including recruitment compensation (as agreed with the Head of Department) performance management coachin g .
• Champion and role model the Banks Competencies and Workplace Behaviours ensuring adherence within the team(s) to ensure the highest standards of integrity and ethical conduct

Knowledge Skills Experience & Qualifications

• Bachelors d egree level or equivalent.
• Qualification in a risk related discipline (including Accountancy Risk Management).
• Knowledge and applicable understanding of regulatory best practice (BASEL) & other risk management standards (ISO 31000).
• Previous experience of working within operational risk or a control focused role within a financial services organisation.
• Banking product knowledge.
• Strong analytical skills.
• Strong relationship management skills.
• Good use of Microsoft Office applications Word Excel and PowerPoint.
• Strong presentation skills & oral and written communication skills.
• Ability to develop well thought out and creative solutions to issues.
• Strong Project management skills
• Strong team leadership skills with experience of developing effective and high-performing teams

What is it like to work at the EBRD / About EBRD

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation and use your talents to make a real difference to peoples lives and help shape the future of the regions we invest in.

At EBRD our Values Inclusiveness Innovation Trust and Responsibility are at the heart of how we work. We bring these to life through our Workplace Behaviours : listening well and speaking up collaborating smartly acting decisively with full commitment and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work fostering a positive and high-performing environment.

The EBRD environment provides you with :

• Varied stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial political public and private sectors across the regions we invest in.
• A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds perspectives and experiences bringing fresh ideas energy and innovation and enhancing our ability to serve our clients shareholders and counterparties effectively.
• A hybrid workplace that offers flexibility to teams and individuals; that is based on trust flexibility and connectedness.
• An environment that places sustainability equality and digital transformation at the heart of what we do.
• A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits.

Diversity is one of the Banks core values which are at the heart of everything it does. As such the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial ethnic religious and cultural background gender gender identity sexual orientation age socio-economic background or disability.

Please note that due to the high volume of applications received we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).

Required Experience :

Director

Key Skills

Computer Science,Operational Risk Management,Risk Management,Six Sigma,Continuous Improvement,Lean,Process Improvement,Pricing,Customer Support,Alteryx,Kaizen,Project Management Lifecycle

Employment Type : Full Time

Experience : years

Vacancy : 1