Operational Risk Manager

MERJE

Liverpool City Region

Hybrid

GBP 58,500 - 71,500

Full time

14 days+

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Benefits offered by this job

Benefits package

Opportunities for personal development and career progression

Flexible working options

Job summary

MERJE is seeking an Operational Risk Manager to enhance their growing risk function within a financial services organization. The role focuses on procurement due diligence and third-party risk, requiring strong knowledge of regulatory compliance and operational risk practices. It offers a flexible working environment and opportunities for personal development.

Qualifications

Proven experience in operational risk management within financial services.
Strong knowledge of procurement, outsourcing, and third-party risk.
Understanding of relevant regulatory requirements.

Responsibilities

Lead the operational risk oversight of procurement processes.
Manage and improve Third-Party Risk Management framework.
Conduct thematic risk reviews and support risk assessments.

Skills

Operational risk management

Analytical skills

Communication skills

Regulatory compliance

Stakeholder management

Job description

MERJE Merseyside, England, United Kingdom

This range is provided by MERJE. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from MERJE

Location: Remote with 3-4 days per month in the Merseyside office

Employment Type: Full-Time, Permanent

Are you an experienced operational risk professional ready to take the next step in your career? We’re looking for a dynamic Operational Risk Manager to join a growing risk function within a leading financial services organisation.

With a key focus on procurement due diligence, outsourcing, and third-party risk, this is an exciting opportunity to make a tangible impact on our business resilience and supplier governance.

Key Responsibilities:

Lead the operational risk oversight of procurement processes, ensuring robust supplier due diligence and risk assessments are embedded in decision-making.
Manage and continuously improve the Third-Party Risk Management (TPRM) framework, ensuring effective identification, assessment, monitoring and mitigation of third-party and outsourcing risks.
Work closely with Procurement, Legal, Compliance, and Business Units to ensure compliance with regulatory expectations (e.g. FCA, PRA) related to outsourcing and operational resilience.
Conduct thematic risk reviews and support ongoing risk assessments, scenario analysis, and incident management.
Provide subject matter expertise to business stakeholders on emerging risks and best practices in third-party governance.
Line manage, coach, and develop a Risk Analyst, ensuring effective delivery of operational risk reporting and analysis.
Support the wider Risk team in delivering the annual risk plan and maturing the enterprise risk management framework.

About You:

Proven experience in operational risk management within financial services.
Strong knowledge of procurement, outsourcing, and third-party risk, including due diligence and regulatory compliance.
Understanding of relevant regulatory requirements (e.g. FCA SYSC, PRA SS2/21, EBA guidelines on outsourcing).
Ability to influence stakeholders and drive change in a collaborative way.
Strong analytical, report-writing, and communication skills.
Experience in line management or mentoring is highly desirable.

On Offer: