Operational Risk Analyst

Cameron Kennedy; London; On-site; GBP 50,000 - 55,000; Full time

Job summary

Join a growing London bank as an Operational Risk Analyst, where your analytical skills will help shape the risk management framework. This role offers a unique opportunity to work in a close-knit team, contributing to vital risk reporting and operational risk controls. You'll engage with senior management, analyze complex data, and ensure compliance with regulatory requirements. If you're detail-oriented and passionate about operational risk, this position will allow you to make a significant impact in a supportive environment focused on professional development.

Qualifications

• 2-6 years of experience in operational risk analysis within a bank.
• Strong analytical and communication skills for stakeholder engagement.

Responsibilities

• Prepare reports on risk management framework and controls.
• Manage reporting of limit breaches and policy violations.
• Support development of risk sensitivity scenario analysis.

Skills

Operational Risk Analysis

Analytical Skills

Communication Skills

Risk Mitigation Techniques

Detail-oriented

Tools

Microsoft Office Suite

Risk Reporting Tools

Job description

Job Description

Operational Risk Analyst

Central London

£50,000 - £55,000 + bonus _ benefits

They are a growing London bank (part of a growing global bank) seeking a detail-oriented and proactive Operational Risk Analyst to join their 5 person risk team. This role is pivotal in supporting the risk management framework through daily risk reporting and ongoing monitoring of operational risk controls. The role will provide an opportunity to make a significant impact within a close-knit team and a smaller banking environment. The bank provides a supportive work culture with opportunities for professional development.

Candidate Profile:

• You must have 2 - 6 years proven experience in operational risk analysis or a similar risk management role within a bank. Absolutely Essential
• Strong analytical skills with the ability to interpret complex data and produce actionable insights.
• Excellent communication skills, both written and verbal, with the ability to engage effectively with stakeholders at all levels.
• Knowledge of operational risk frameworks, regulatory requirements, and risk mitigation techniques.
• Detail-oriented, organised, and able to manage multiple priorities in a fast-paced environment.
• Proficient in risk reporting tools and Microsoft Office suite.

Key Responsibilities:

• Prepare and deliver reports on the Bank’s risk management framework, strategies, procedures, and controls for relevant senior management and committee reviews.
• Collate and analyse reports from business areas covering credit, liquidity, market, balance sheet, and operational risks to provide consolidated risk profiles to Executive Management.
• Manage the reporting of limit breaches and policy violations (both prior and after occurrence) to the PRA, following consultation and approval processes within senior forums.
• Review and update risk policy documents and procedural manuals annually, preparing recommendations for Internal Audit and various committees and Baord approval.
• Support the development of risk sensitivity scenario analysis on at least an annual basis and present findings and recommendations to ALCO and Senior Management.
• Contribute to annual sensitivity analysis reports, detailing the impacts and advising ALCO, Senior Management, the PRA, and the governing bodies accordingly.
• Assist with the drafting and review of the ICAAP, ILAAP, and RRP documentation, including the preparation of base case scenarios, stress testing outputs, and proposed revisions to risk tolerance levels for capital and liquidity.
• Provide independent oversight, validation, and critical assessment of the Bank’s risk management systems and internal controls.
• Monitor the investment portfolio’s financial health and propose risk mitigation strategies where necessary.
• Aid in the creation and refinement of risk management tools and recommend enhancements to risk mitigation strategies.
• Act on behalf of the CRO when required, reviewing daily, monthly, quarterly, and annual risk control reports from the business lines, ensuring timely risk analysis, aggregation, and escalation to Senior Management.
• Ensure the prompt escalation of any adverse developments to appropriate approval authorities including Senior Management, committees, and the Board.
• Manually compile ALCO compliance reports for distribution to Senior Management and associated committees.
• Support the accurate and timely completion and submission of all annual and periodic regulatory returns to the PRA/FCA, including financial reporting obligations.
• Maintain and manage the Bank’s incident reporting log, ensuring incidents are correctly documented, monitored, and communicated.
• Perform additional duties as assigned by Senior Management.

If you are passionate about operational risk and want to contribute to the success and resilience of a successful growing bank, this role will be highly suitable.

Sponsorship will not be provided