Operational Risk Analyst – 2LOD Risk & Controls

Kroo Bank Ltd; Greater London; Hybrid; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Annual leave 25 days

Bank holidays

Volunteering

Mental health support

Pension

MacBook provided

Office near London Bridge

Cycle to Work

Electric Car scheme

Parental leave

Job summary

Kroo Bank Ltd. is seeking an Operational Risk Analyst to develop and maintain the bank's operational risk framework, reporting to the Operational Risk Manager in 2LOD. You will help teams identify, assess, monitor and report operational risks across the business.

You will lead reviews, help implement policies, support RCSA, risk events and MI for senior management and the Board, and work with teams to strengthen controls while maintaining independent risk oversight.

Qualifications

• Relevant experience in operational risk, risk management, internal controls or a related assurance role, ideally within banking or financial services.
• Understanding of operational risk frameworks and the responsibilities of the first and second lines of defence.
• Experience of identifying and assessing risks, reviewing controls and recommending improvements.
• Familiarity with risk and control self assessments, risk events, issues management and key risk indicators.
• Ability to assess the design and effectiveness of controls and clearly document findings.
• Strong analytical skills, with the ability to interpret data, identify trends and turn findings into practical recommendations.
• Ability to prepare accurate reports and management information for different audiences, including senior stakeholders.
• Clear communication skills, with the confidence to ask questions, provide constructive challenge and explain risk matters in straightforward terms.

Responsibilities

• Support business areas in identifying and assessing operational risks, helping them understand their responsibilities and maintain effective controls.
• Conduct operational risk assessments and reviews, identify control weaknesses and recommend practical improvements.
• Help develop, maintain and implement operational risk policies and procedures.
• Support the development of the risk and control self assessment (RCSA) process, providing oversight and challenge of risk assessments, controls and action plans.
• Coordinate the risk events and issues process, ensuring records are accurate, actions have clear owners and progress is monitored and reported.
• Review risk events and issues to identify recurring themes, underlying causes and opportunities to prevent similar incidents.
• Plan and carry out testing and monitoring to assess whether controls are appropriately designed and operating effectively.
• Help develop and monitor key risk indicators, highlighting emerging risks and escalating concerns where necessary.
• Analyse operational risk data and prepare clear management information and reports for senior management and the Board.
• Produce monthly and quarterly reporting on risk events, issues, operational losses, relevant external events and emerging trends.
• Provide second line advice and challenge on projects, new products and features, helping teams identify risks and consider appropriate controls.
• Work with colleagues across the bank to improve risk awareness and support consistent application of the operational risk framework.

Skills

Operational risk

Risk management

Internal controls

Analytical skills

Regulatory awareness

Job description

Kroo Bank Ltd. is seeking an Operational Risk Analyst to develop and maintain the bank's operational risk framework, reporting to the Operational Risk Manager in 2LOD. You will help teams identify, assess, monitor and report operational risks across the business.

You will lead reviews, help implement policies, support RCSA, risk events and MI for senior management and the Board, and work with teams to strengthen controls while maintaining independent risk oversight.