Operational Risk Manager

Prime Personnel; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

Prime Personnel is assisting in recruiting for a Local Operational Risk Manager role within a small European Bank. The position is split 50% as Local Operational Risk Manager and 50% providing cover to the Transaction Management team across Credit & Loans administration.

The role is based in London with a six-month period in-office before adopting a hybrid pattern. You will manage operational risk for 1st Line of Defence, liaising with Head Office and Senior Management, and supporting credit

Qualifications

• 3+ years in Operational Risk management with some Loan Operations exposure or Loans processing/operations experience with proven control/risk reporting experience.
• Experience with Guarantees or MiFID requirements is advantageous.
• Excellent written and spoken communication skills; able to work in a team and adapt to additional responsibilities.

Responsibilities

• Conduct risk & control self-assessments with business teams within Operational Risk Management Framework.
• Review procedures, products and systems changes to ensure alignment with risk appetite and policies.
• Investigate and track operational loss events and report to Senior Management.
• Serve as primary liaison with Head Office and coordinate with RM's and clients on loan/credit activities.
• Coordinate and oversee credit administration activities including documentation review and data maintenance.
• Monitor and report on portfolio obligations and risk indicators including covenant compliance.

Skills

Operational Risk Management

Risk Reporting

Loan Operations

Credit Administration

Regulatory Reporting

MiFID

Communication

Team Player

Job description

An exciting opportunity has arisen within a small European Bank in a newly created multitask role. The position will be split 50% as the Local Operational Risk Manager and 50% providing cover/support to the Transaction Management team across both Credit & Loans administration.

As the local Operational Risk Manager, you will be managing operational risk within the 1st LoD. The role sits within the Transaction Management team, whose responsibilities include managing/tracking/servicing of loan agreements (Loans Administration) as well as processing/management/monitoring of the loan portfolio post-sanctioning (Credit Administration).

Your duties will cover:

• Risk & control self-assessments – working with business teams to map out processes, identify risks and assess existing controls in Operational Risk Management Framework
• Reviewing/challenging business procedures, products and any systems changes, to ensure they align with the Bank’s risk appetite and group policies
• Investigating and tracking Operational loss events
• Being the primary contact point to liaise with Head Office and report to Senior Management on Operational Risk
• Extensive liaison between RM’s and clients ensuring accurate processing of loan, security and facility-related activities and any issue resolution
• Co-ordinating and overseeing credit administration activities including documentation review, facility booking, data maintenance etc
• Monitoring and reporting on key portfolio obligations/risk indicators including covenant compliance, real estate valuations, distressed notifications etc
• Preparing and reviewing regulatory, management, and operational reporting
• Maintaining/enhancing operational controls and procedures providing specialist support for guarantees, debt-for-equity transactions and MiFID requirements

Your experience must include:

• At least 3 years relevant Operational Risk management experience including some Loan Operations experience/exposure OR Loans processing/operations experience gained within banking with additionally proven control/risk reporting experience
• Working knowledge of Guarantees will be advantageous
• Excellent communication skills both written and oral
• Team player with a flexible approach to expand knowledge/experience to assume extra responsibilities

This role will initially be working 5 days a week in the London office for the first 6 months before converting to hybrid.