Operational Risk Analyst, Second Line – FinTech

Referment; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Referment is partnering with a regulated UK digital bank to recruit an Operational Risk Analyst. The role sits in the second line of defence, reporting to the Operational Risk Manager, with duties across risk assessment, control testing and MI reporting.

The successful candidate will support risk identification, tracking and reporting, help shape risk culture, and ensure compliance with UK regulatory expectations.

Qualifications

• Experience in operational risk, risk management, internal controls or related assurance role, ideally in banking/fintech.
• Understanding of operational risk frameworks and second line responsibilities, familiarity with RCSAs, risk events, issues management and KRIs.
• Strong analytical skills to interpret data, spot trends and translate findings into practical recommendations.
• Ability to document control assessments and prepare clear reporting for audiences up to Board level.
• Independent judgement with the ability to challenge and collaborate across teams, aware of UK banking regulations.

Responsibilities

• Support business areas in identifying and assessing operational risks and maintaining effective controls.
• Conduct risk assessments and reviews, identify control weaknesses and recommend practical improvements.
• Develop, maintain and implement operational risk policies and procedures.
• Oversee and challenge the risk and control self-assessment (RCSA) process, including risk assessments, controls and action plans.
• Coordinate the risk events and issues process, ensuring accurate records, clear ownership of actions and monitored progress.
• Review risk events to identify recurring themes and underlying causes, and opportunities to prevent similar incidents.
• Test and monitor controls to assess whether they are appropriately designed and operating effectively.
• Develop and monitor key risk indicators, escalating emerging concerns.
• Prepare management information and monthly and quarterly reporting on risk events, losses and trends for senior management and the Board.
• Provide second-line advice and challenge on projects, new products and features

Skills

Operational risk

Risk management

RCSA

Data analysis

Reporting to Board

Job description

Referment is partnering with a regulated UK digital bank to recruit an Operational Risk Analyst. The role sits in the second line of defence, reporting to the Operational Risk Manager, with duties across risk assessment, control testing and MI reporting.

The successful candidate will support risk identification, tracking and reporting, help shape risk culture, and ensure compliance with UK regulatory expectations.