Operational Risk Analyst

Recognise Bank; City of Westminster; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A modern business bank is seeking an Operational Risk Analyst to support risk management across departments. This role involves identifying and assessing risks, implementing effective controls, and conducting root cause analyses. Candidates should possess a relevant degree or equivalent experience and have strong operational risk management and technology skills. The role offers a competitive salary and flexible hybrid working, embodying the bank's commitment to employee growth and wellbeing.

Benefits

Competitive Time Off

Work From Anywhere

Learning & Development

Hybrid Working

Private Medical Care

Enhanced Pension Scheme

Maternity, Paternity & Adoption Pay

Discretionary Company Bonus

Qualifications

• 3+ years' experience in a directly comparable role.
• Experience in assessing and managing operational risks.

Responsibilities

• Support Risk Owners to identify and assess risks.
• Manage a Risk Acceptance process with appropriate oversight.
• Facilitate Root Cause Analysis exercises.

Skills

Operational Risk Management skills

Cyber & Technology knowledge

Data analysis skills

Strong communication skills

Relationship building

Education

Degree qualification or equivalent

Cyber and Technology related academic qualifications

Job description

The Operational Risk team plays a central role in ensuring that the Bank is aware of and pro-actively managing all the risks that could damage our customers, our regulatory standing, our resilience and our financial performance. As an Operational Risk Analyst, you'll play a critical role in helping every department in the business to identify, assess and manage their risks and issues. As part of a relatively new team, you'll also have opportunities to design and shape the approach and processes used to effectively complete these tasks. To complement the skills and experience already within the team, we're looking for someone with the experience or skills and knowledge needed to support and challenge our IT team's thinking on technology and cyber related risks and controls. As part of the role, you will have the opportunity to also support our Prudential Risk, Credit Risk colleagues and to support Executive Risk Committees as Secretariat as a key contributor. We’re a small, friendly, pragmatic and outcome-focused risk team who have the ability to make a real difference to the day-to-day operations and performance of the Bank.

Responsibilities

• Support Risk Owners to identify and assess risks and issues and to design and implement an appropriate control environment
• Support Control Owners to design and implement effective controls, with a focus on increasing the use of automated preventative controls across the Bank
• Undertake Control Testing and other Risk Assurance work as part of the firm’s Integrated Assurance Plan
• Provide challenge and oversight to Risk & Control Self-Assessments
• Ensure Return to Appetite plans are appropriate and provide oversight and reporting on the delivery of these plans
• Manage a Risk Acceptance process, providing ongoing oversight and reporting
• Facilitate Root Cause Analysis exercises ensuring meaningful actions are agreed and delivered where appropriate
• Provide risk and control input into strategic projects
• Support Internal & External Audits as required
• Provide input, challenge and oversight to all relevant Policies
• Risk Maturity (20%)
• Lead or support projects and initiatives to accelerate risk maturity within both the risk team and the Bank
• Lead or support activities to enhance Risk Culture
• Lead & coordinate Risk Training across the Operational, Prudential and Credit Risk teams
• Lead improvements to Risk Reporting and Insight
• Committee Support (20%)
• Provide support to the Chief Risk Officer to ensure the Executive Risk Committee and Board Risk Committee function effectively – pack coordination, minutes and actions

Education and Certification

• A degree qualification or equivalent. In the absence of this, 3+ years' experience in a directly comparable role
• Ideally, Cyber and Technology related academic qualifications or professional certificates

Skills

• Operational Risk Management skills – the ability to support and challenge the business across the full risk lifecycle (identification, assessment and management of risks and issues)
• Cyber & Technology knowledge – cyber risk, technology related risks, the risks associated with the emergence of AI and automated decisioning
• The ability to analyse large amounts of data and information
• Strong written and verbal communication skills
• A proven ability to build value‑adding relationships with colleagues at all levels and across the breadth of a business

Mindset

• Someone with a ‘can do’ attitude who believes risk management is an enabler to help the bank thrive
• A natural curiosity and analytical approach – the ideal candidate will ask questions that others overlook and bring new insight into internal discussions
• We’re a small risk team within a growing bank – we need someone who can challenge the status‑quo whilst maintaining strong working relationships and a positive working environment

Hello, We are Recognise Bank; a modern business bank built to support the UK's SMEs with tailored lending and savings solutions. Founded in 2017 by experienced business owners, we set out to challenge traditional banking by offering more flexibility, understanding, and practical support to help businesses thrive. Since receiving our banking licence in 2021, we’ve built a loyal customer base and a strong, diverse team that puts people first. Our vision is building stronger futures with bespoke financial solutions. We understand that no two financial needs are the same, which is why we work closely with UK SMEs and individuals to unlock potential that others often overlook. Through smart, flexible lending and savings products, we’re here to build and grow stronger futures for lasting success.

Our values shape how we work and grow together: Can do – we take ownership, solve problems, and adapt as our customers’ needs evolve; Be brilliant – we show up with curiosity and energy, always striving for better; Do the right thing – we act with integrity, responsibility, and care in everything we do; Make a difference – we focus on impact, helping our customers, colleagues, and communities succeed.

At Recognise Bank, we’re building more than a bank – we’re creating a culture where people feel empowered to make a difference, supported to be brilliant with a can do, will do attitude, and trusted to do the right thing. We believe that when our people thrive, so do our customers. That’s why we invest in an environment that reflects our values and supports your growth, flexibility, and wellbeing.

London Area, United Kingdom £70,000 – £90,000

Benefits

• Competitive Time Off – generous annual leave plus bank holidays to rest, recharge, and enjoy life outside of work
• Work From Anywhere – up to 4 weeks per year to work remotely from anywhere in the world
• Learning & Development – tailored training and support to grow your skills and achieve your professional goals
• Hybrid Working – to support your work‑life balance, we offer a hybrid model with 3 days in the office and 2 days remote
• Private Medical Care with Vitality – comprehensive healthcare including optical and dental coverage to keep you healthy
• Enhanced Pension Scheme – helping you plan and save for a secure future
• Maternity, Paternity & Adoption Pay – supporting you and your family during important life moments
• Discretionary Company Bonus – rewarding your contribution to our shared success

Recognise Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.