Role Overview
The Senior Risk Manager will work closely with the Technology function to identify, assess, and mitigate operational risks. This role integrates risk management into strategic and change initiatives, ensuring alignment with business objectives. It also provides expert advice, delivers insightful analysis and reporting, ensures compliance with the Enterprise Risk Management Framework and Business Continuity Management requirements, and promotes a risk-aware culture through training and engagement.
Key Responsibilities
Risk Identification & Assessment
- Collaborate with Technology to identify and assess material risks across business-as-usual, emerging threats, strategic initiatives, and change programs.
- Support and challenge risk assessment activities (e.g., RCSA, Top-Down Risk Assessment, Scenario Analysis, Root Cause Analysis).
- Deliver timely and accurate risk insights to inform decision-making.
Risk Appetite
- Define and review risk appetite thresholds and KRIs in alignment with business activities and risk profile.
- Monitor risk profile against appetite and recommend actions for out-of-tolerance risks.
Strategic Risk & Change Management
- Assess risks related to strategic initiatives (e.g., M&A, new products, ventures), including financial, operational, regulatory, and cultural impacts.
- Review new business requests to ensure risk profiles are understood and mitigated appropriately.
Risk Mitigation & Management
- Evaluate and challenge the adequacy of control and policy frameworks.
- Support remediation of control deficiencies and assess risk acceptance impacts.
- Conduct or support assurance activities, including control testing and targeted reviews.
Risk Monitoring & Reporting
- Produce MI and analysis on risk appetite performance, significant events, remediation status, and emerging threats.
- Participate in management meetings and risk committees, providing second-line oversight and commentary.
Events, Issues, Risk Acceptances & Policy Breaches
- Oversee escalation and mitigation of significant events.
- Provide quality assurance over events, issues, and policy breaches.
- Lead deep dives into internal/external events and ensure effective remediation.
Business Continuity & Crisis Management
- Provide oversight of business continuity plans and crisis response coordination.
- Support remediation planning and ensure timely execution of updates following tests or disruptions.
Training & Awareness
- Deliver training sessions to enhance risk awareness and competency across Technology.
- Promote risk management practices through business engagement strategies.
Experience & Competencies
Essential
- Experience working in an Operational Risk program within a medium to large financial institution.
- Proven ability to collaborate with technology teams on system security, incident response, and data protection.
- Bachelor's degree in business, accounting, finance, or related field; or equivalent professional certification.
- Demonstrated, in-depth knowledge of the financial services industry and operational risk frameworks.
- Excellent analytical skills with the ability to interpret and present data clearly.
- Effective project management and prioritisation skills in high-demand environments.
- Strong communication skills with adaptability across technical and senior audiences.
- Self-starter with a curious mindset and problem-solving orientation.
- Proven stakeholder management skills across diverse and complex environments.
Desired
- Experience in an IDB or Capital Markets environment.
- Additional risk-related experience beyond Operational Risk.
- Familiarity with fixed income, equities, FX, emerging markets, and electronic/algorithmic trading.
- Understanding of post-trade workflows supporting these products.
- Knowledge of risk models and industry best practices in operational risk.
- Experience with GRC systems and business continuity planning.
- Exposure to crisis management frameworks and strategic risk assessments.
Job Band & Level
Manager / 7
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