Operational Risk Manager (13783)

Investec; Greater London; Hybrid; GBP 70,000 - 110,000; Full time

Job summary

Investec is seeking an Operational Risk Manager to join its Operational Risk team in the second line of defence. This role focuses on independent oversight of operational risks across Private and Transactional Banking products and payment services, with emphasis on AI and data analytics to drive proactive risk identification.

You will facilitate risk assessments, review events and outcomes, and support ICAAP and thematic reviews while engaging with stakeholders at all levels.

Qualifications

• Thorough understanding of risks and controls within a financial services company.
• Knowledge of Regulatory risks and Risk management in Financial Institutions.
• Detailed knowledge of operational risk management methodologies and principles.
• Data analytics capabilities.
• A good working knowledge of Microsoft Office (Excel, Word and PowerPoint).

Responsibilities

• Facilitation of risk assessments with business units and support functions, including full end to end transaction lifecycle reviews.
• Timely capture and review of operational risk events, with appropriate escalation and root cause trend analysis.
• Manage the scenario analysis process which feeds into the Bank's ICAAP.
• Assist in the planning and execution of thematic reviews based on external or internal events.
• Training - promote operational risk awareness and conduct training where required.
• Compile risk governance forums reports to highlight key risks and events.
• Participation in Operational Risk forums and working groups.
• Review and participate in the approval forums for new products, businesses and projects.
• Review third party services monitoring & oversight and exit strategies.

Skills

Risk management

Regulatory risk

Data analytics

Microsoft Office

Communication

Attention to detail

Organisational skills

Job description

Investec - Where Out of the Ordinary Happens

At Investec, we do things differently. We're a leading international bank and wealth manager built on a culture of curiosity, entrepreneurial spirit and human connection. Ideas are heard, ambition is celebrated, and impact is encouraged. As part of a team that challenges convention and strives for outperformance, you'll help shape bold solutions for clients who expect something more than the ordinary.

We are looking for an Operational Risk Manager to join our Operational Risk team within the second line of defence. This role will support independent oversight and challenge of operational risks associated with Private and Transactional Banking products and payment services, helping ensure risks are understood, well controlled, and managed within approved risk appetite. The role provides a great opportunity to get involved in different products and initiatives in Private Bank and engage with stakeholders across all levels in the organisation. In particular, we are also looking for an individual who embraces AI and data analytics to introduce efficiencies, new ways of working and enhancements in the proactive identification of Operational Risks.

What will I be doing?

• Facilitation of risk assessments with business units and support functions, including full end to end transaction lifecycle reviews.
• Timely capture and review of operational risk events, with appropriate escalation and root cause trend analysis.
• Manage the scenario analysis process which feeds into the Bank's ICAAP.
• Assist in the planning and execution of thematic reviews based on external or internal events.
• Training - promote operational risk awareness and conduct training where required.
• Compile risk governance forums reports to highlight key risks and events.
• Participation in Operational Risk forums and working groups.
• Review and participate in the approval forums for new products, businesses and projects.
• Review third party services monitoring & oversight and exit strategies.

Core skills and knowledge:

Technical knowledge

• Thorough understanding of risks and controls within a financial services company. Ability to advise on appropriate controls and risk mitigation.
• Knowledge of Regulatory risks and Risk management in Financial Institutions.
• Detailed knowledge of operational risk management methodologies and principles.
• Data analytics capabilities.
• A good working knowledge of Microsoft Office (Excel, Word and PowerPoint).

Skills and how they are applied

• Communication - engage with a wide range of colleagues and articulately discuss / write report on various issue (verbal / written / presentation).
• Challenge - ability to challenge multiple SMEs and management on a wide range of topics and risks.
• Attention to detail - to pick up on errors and produce accurate work, with strong analytical capability.
• Organised - work to multiple deadlines yet maintain flexibility through the workday.
• Strong interpersonal and relationship management skills.
• To act with integrity at all times and embrace the philosophy of treating our customers fairly.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote. We believe that being together enables us to live our values and support our clients and communities in an extraordinary way.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work. You can find a list of our benefits here.