Operational Risk Officer

Barclay Simpson; London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A leading London-based banking institution seeks an Operational Risk Manager to support the Head of Operational Risk. The role involves oversight of operational risk practices, reporting, stakeholder engagement, and enhancing the Operational Risk Framework within a dynamic team.

Benefits

Referral bonus

Qualifications

• Solid knowledge of operational risk management principles and frameworks.
• Understanding of banking products and regulatory expectations.
• Experience in conducting control testing and risk reviews.

Responsibilities

• Provide oversight of operational risk controls and reporting.
• Lead coordination of operational risk governance forums.
• Engage with stakeholders to identify emerging risks.

Skills

Operational risk management principles

Stakeholder engagement

Clear communication

Job description

Company Profile

This London-based institution is part of a wider international banking group, offering wholesale banking services with a focus on bridging financial flows between Europe, the Middle East, and North Africa. The firm delivers a diverse range of services including treasury, trade finance, corporate lending, and private banking to a broad client base. Regulated by UK authorities and headquartered in a prestigious central location, the bank combines global connectivity with local expertise. With a strong capital position, robust governance, and a long-standing presence in the market, the organisation is now entering a phase of modernisation and strategic growth. Risk management is a central pillar of its operations, and the bank is committed to upholding high standards in operational resilience and regulatory compliance across all business lines.

The Role

This role will support the Head of Operational Risk in strengthening and embedding the second line Operational Risk Framework. You’ll be a key part of the team responsible for oversight, challenge, and coordination of operational risk practices across the business. The position requires a hands-on individual with solid experience in operational risk management within banking or financial services.

Tasks

• Provide second line oversight of operational risk controls, reporting, and escalation.
• Support the delivery and continuous improvement of the Operational Risk Framework.
• Lead the coordination of operational risk governance forums, including MI reporting and committee prep.
• Perform independent testing and thematic reviews of control effectiveness across business areas.
• Challenge first line assessments (e.g., RCSAs), risk events, and control self-evaluations.
• Maintain key operational risk and fraud policies; contribute to product and change assessments.
• Engage with stakeholders to identify emerging risks and ensure suitable mitigation is in place.
• Educate staff on operational risk matters and contribute to a culture of proactive risk awareness.

Experience Required

• Solid knowledge of operational risk management principles and frameworks.
• Understanding of banking products, controls, and end-to-end processing flows.
• Familiarity with risk reporting, governance structures, and regulatory expectations.
• Experience conducting control testing, risk reviews, or independent assurance.
• Clear and confident communication skills, with an ability to engage and challenge stakeholders constructively.
• Awareness of relevant regulatory frameworks and developments in operational risk.

Call to Action

To apply, or for a confidential conversation, contact Molly Phillips – [e-mail]. Please send your CV & a short introduction to why you want to apply.

If the role is not quite right for you but you know someone who could be a good fit – we offer a referral bonus (T&Cs apply).