Operational Risk Manager

JR United Kingdom; City Of London; On-site; GBP 70,000 - 110,000; Full time

Job summary

A leading financial services organization is looking for a Group Operational Risk Senior Manager to enhance operational risk management across the group. This pivotal role will involve designing frameworks, leading risk initiatives, and managing executive-level stakeholder relationships within a dynamic environment.

Qualifications

• 5-10 years’ experience in operational risk in a regulated environment.
• Proven experience developing risk management frameworks.
• Knowledge of Solvency II regulations is an advantage.

Responsibilities

• Set Operational Risk policies and ensure compliance across the group.
• Lead the strategic direction and implementation of the Internal Control Framework.
• Present quarterly risk reporting to executive committees.

Skills

Leadership

Strategic Thinking

Collaboration

Influencing Stakeholders

Tools

MS Office

SAI 360

Job description

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Operational Risk Manager, London (City of London)

Client:

Location:

London (City of London), United Kingdom

Job Category:

Other

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EU work permit required:

Yes

Job Views:

2

Posted:

16.06.2025

Expiry Date:

31.07.2025

Job Description:

Executive Summary

A leading financial services organisation is seeking an experienced Group Operational Risk Senior Manager to join its Group Risk function on a 12-month fixed-term contract. This role offers a unique opportunity to shape and embed operational risk management practices at group level and drive consistent alignment across business units.

The successful candidate will be a functional lead in their area of expertise, taking ownership of designing, overseeing, and enhancing operational risk frameworks, internal controls, and governance structures. You will lead the Group Operational Risk Working Group and manage a small team, working closely with the Chief Risk Officers of local entities to ensure consistency and strategic alignment across the Group.

Purpose of the Role

This is a high-impact role with group-wide visibility, offering the chance to influence operational risk strategy, ensure robust internal controls, and contribute to broader risk culture and governance initiatives. The role is hands-on, strategic, and collaborative, with exposure to executive-level stakeholders.

Key Responsibilities

• Set Operational Risk policies, limits, and KRIs; ensure compliance across the group.
• Lead the strategic direction and implementation of the Internal Control Framework.
• Deliver effective Group Operational Risk Reporting including risk registers, events, KRIs, and outsourcing oversight.
• Set and lead the agenda for the Group’s Operational Risk Working Group.
• Present quarterly risk reporting to executive committees and recommend capital optimisation actions.
• Oversee risk event management for Group Functions and support breach escalation and response.
• Lead operational risk inputs into the Group ORSA process.
• Provide oversight of IT Risk activities and support business continuity and resilience planning.
• Conduct risk horizon scanning and promote risk culture, including training and awareness initiatives.

Group-wide Oversight & Alignment:

• Oversee and challenge Business Units and Group Functions on implementation of risk frameworks.
• Establish and manage a Group Operational Risk Network for knowledge sharing and consistency.
• Provide expert guidance on local entity reporting, including KRIs and RCSAs.
• Ensure operational risk and outsourcing processes and templates are consistent across the Group.
• Support Business Units in embedding operational risk policies and frameworks effectively.

Candidate Profile

Key Capabilities:

• Executive presence with the ability to influence senior stakeholders.
• Strong leadership and people management skills, including team development and matrix leadership.
• Strategic and hands-on approach, with comfort operating in a flat, fast-paced organisational structure.
• Adaptability, strong judgement, and commercial acumen.
• Collaborative mindset with the ability to constructively challenge and build consensus.

Functional & Technical Expertise:

• 5–10 years’ experience in operational risk within an international, regulated environment.
• Proven experience developing and implementing risk management frameworks.
• Knowledge of Solvency II and/or Bermuda Monetary Authority regulations is a strong advantage.
• High proficiency in SAI 360 and MS Office applications (Excel, Word, PowerPoint, Visio).