Operational Risk Manager - 12 month FTC

ZipRecruiter; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global bank is seeking an Operational Risk Manager for a 12-month fixed term contract in London. This hybrid role involves managing and overseeing operational risk, executing risk assessments, and compiling MI reports. Candidates must have relevant operational risk management experience in financial services and demonstrate strong analytical and communication skills. The position requires working 3 days in the office and 2 from home.

Qualifications

• Experience managing operational risk in financial services is required.
• Ability to make critical assessments and decisions is necessary.
• Attention to detail and strong Excel skills are essential.

Responsibilities

• Support the Head of Operational Risk in day-to-day risk management.
• Undertake Risk Control Assurance Testing linked to risk events.
• Compile monthly MI reporting for the Risk Management Committee.
• Influence and monitor action plans to improve the risk environment.

Skills

Operational Risk Management experience within financial services

Depth of Operational Risk Management experience

IT, Finance or Regulatory Reporting experience

Quantitative and qualitative analytical skills

Strong communication skills

Job description

Overview

Operational Risk Manager – 12 month fixed term contract. Hybrid role with 3 days in the office and 2 from home.

Our client is a globally recognised, successful bank offering a comprehensive range of retail and corporate financial services/products with over 10 million active customers in more than 700 locations. This role focuses on the management and oversight of operational risk within the Bank by executing and adopting the Operational Risk Management Framework (ORMF), including risk identification, assessment, management, monitoring and reporting of risks, with emphasis on Risk and Control Assessments, risk event management, Control Assurance Testing and MI reporting.

Hybrid role – 3 days a week in the London office, 2 days from home.

Office hours are Monday–Friday, 9am–5pm with a 1-hour lunch.

Key Responsibilities

• Support the Head of Operational Risk within second line of defense in day-to-day management of operational risk, including: Operational Risk Event reporting and error resolution, Risk and Control Assessments, Business/project risk assessments, Key Risk Indicators and operational risk training to first line risk owners.
• Undertake and document Control Assurance Testing (CAT) linked to RCAs and risk events.
• Coordinate, monitor, and report on a framework of Key Risk Indicators (KRIs) for the Bank.
• Assist the first line of defense in the preparation and documentation of Risk and Control Assessments (RCAs) for all areas within the Bank.
• Assist the first line of defense with the investigation of Risk Events and preparation of reports.
• Maintain risk event and risk issues logs, monitoring progress and escalating as required.
• Compile the monthly MI reporting for the Risk Management Committee.
• Contribute to embedding the operational risk framework throughout the business areas and support the risk and control culture through knowledge sharing and awareness of risk management importance.
• Influence and monitor progress of action plans to improve the risk and control environment arising from internal and external risk events, risk issues, RCAs, risk monitoring, internal and external audits, and regulatory inspections.
• Investigate and escalate breaches or risks of foreseeable harm via the risk events process.

Key Skills/Experience

• Operational Risk Management experience within financial services.
• Breadth and depth of Operational Risk Management experience to make critical assessments and sound business decisions.
• Experience gained within a Financial Services operational risk function, ideally with IT, Finance or Regulatory Reporting experience.
• Solid quantitative and qualitative analytical skills, attention to detail and strong Excel skills.
• Strong communication skills (both written and oral).