Operational Risk Manager - (AVP)

dnevo Partners; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

dnevo Partners in London is seeking an experienced AVP – First Line Operational Risk & Controls to oversee risk and control activities across investment banking operations. You will identify emerging risks, assess controls, and collaborate with Operations, Compliance and Technology to strengthen the control environment.

The role requires strong front-to-back experience in investment banking operations risk and proven ability to lead risk assessments, issue management, and control testing in a

Qualifications

• Strong front-to-back understanding of investment banking operational flows.
• Experience in First Line Risk & Control, Operations Risk or equivalent control environments.
• Experience producing and analysing KRIs/KPIs and familiarity with RCSA.

Responsibilities

• Support the implementation and maintenance of the First Line Risk & Control framework.
• Identify, assess and monitor operational risks and associated controls.
• Maintain risk and control inventories and support periodic control reviews.
• Perform control assessments and gap analysis, identifying weaknesses and recommending improvements.
• Monitor operational risk indicators, trends and control effectiveness.
• Produce management information, KRIs, KPIs and governance reporting.
• Support RCSA, control testing and risk assessment activity.
• Investigate operational incidents, exceptions, audit findings and control failures.
• Undertake root-cause analysis and track remediation activity.
• Manage and monitor issues, actions and risk remediation plans.
• Support internal/external audits and regulatory information requests.
• Partner with Operations, Technology, Compliance, Operational Risk and Change teams.
• Promote proactive risk identification, escalation and a strong control culture.

Skills

Front-to-back ops risk

Risk & controls

Issue management

RCSA process

KRIs/KPIs

Job description

Assistant Vice President – First Line Operational Risk & Controls

London | Investment Banking Operations

We are recruiting an experienced First Line Operational Risk & Controls Manager to join a major Financial Services organisation in London.

This role sits within Markets and Securities Operations and will provide risk and control oversight across a range of investment banking operational processes.

We are looking for someone with strong front-to-back operational knowledge who can identify emerging risks, assess the effectiveness of controls and work with Operations and wider stakeholders to strengthen the control environment.

Key Responsibilities

• Support the implementation and maintenance of the First Line Risk & Control framework
• Identify, assess and monitor operational risks and associated controls
• Maintain risk and control inventories and support periodic control reviews
• Perform control assessments and gap analysis, identifying weaknesses and recommending improvements
• Monitor operational risk indicators, trends and control effectiveness
• Produce management information, KRIs, KPIs and governance reporting
• Support RCSA, control testing and risk assessment activity
• Investigate operational incidents, exceptions, audit findings and control failures
• Undertake root-cause analysis and track remediation activity
• Manage and monitor issues, actions and risk remediation plans
• Support internal/external audits and regulatory information requests
• Partner with Operations, Technology, Compliance, Operational Risk and Change teams
• Promote proactive risk identification, escalation and a strong control culture

About You

The successful candidate should have:

• Strong front-to-back understanding of investment banking operational flows
• Experience within First Line Risk & Control, Operations Risk or a comparable control environment
• Experience of issue management, control assurance/testing and incident management
• Strong understanding of operational risk and control principles
• Experience producing and analysing KRIs/KPIs
• Knowledge of the RCSA process
• Strong analytical and problem-solving capability

Knowledge or experience across one or more of the following would be particularly valuable

• Securities
• Settlements
• OTC Confirmations
• Tri-party / Funding
• Reconciliations and reconciliation first principles

This is an excellent opportunity for an Operations professional with strong product knowledge and a genuine risk and control mindset to take on a broad first-line controls role within a sophisticated markets environment.