VP- Operational Risk Manager

Michael Page (UK); City Of London; Hybrid; GBP 90,000 - 100,000; Full time

Job summary

A financial services company in London is seeking a VP of Operational Risk to enhance risk management frameworks and ensure compliance. The role requires extensive knowledge of the UK financial services industry, with several years of senior risk management experience. The successful candidate will support policies, oversee risk assessments, and engage with teams to ensure adherence. Competitive salary and benefits package offered.

Benefits

Bonus and benefits package

Qualifications

• Experience of FX, Payments and Derivatives products.
• In-depth knowledge of the UK financial services and regulatory framework.
• Several years of risk management experience at a senior level.
• Exposure to Enterprise Risk Management Frameworks and other risk types such as financial crime, credit, liquidity, conduct, etc.
• Extensive experience and knowledge of Operational Risk.

Responsibilities

• Support the Head of Operational Risk in oversight across the Bank.
• Enhance the Operational Risk Management Framework and its components.
• Provide oversight to risk assessments for new product development.
• Standardize 2LoD owned policies and procedures.
• Train and educate the 1LoD on the Operational Risk Management Policy.
• Prepare risk committee and board papers as required.

Education

Professional or industry qualification such as IOR, IRM or equivalent

Job description

Operational Risk VP - Senior Role

Operational Risk VP - senior role in established and rewarding Risk team. Role based in London - Hybrid working.

About Our Client

Fast growing, UK banking group. Market leading cross border FX and payments firm seeking a VP - Operational Risk Manager. London based.

Job Description

The VP - Operational Risk Manager will:

• Support the Head of Operational Risk in the independent oversight of Operational Risk across the Bank.
• Be responsible for enhancing the Operational Risk Management Framework and its components (RCSA, incidents, operational scenario analysis, etc.).
• Provide robust oversight and challenge to RCSAs and risk assessments performed as part of new product / initiative development.
• Enhance and standardise 2LoD owned policies and procedures. Ensure these policies are understood, communicated, embedded and complied with across the Bank.
• Engage with 1LoD to ensure policies and procedures adhere to developed standards and guidelines.
• Train and educate the 1LoD to embed the Operational Risk Management Policy within their areas.
• Prepare risk committee and board papers, as required, including robust management of known audit and control weaknesses.

The Successful Applicant

Requirements for the VP - Operational Risk Manager are as follows:

• Professional or industry qualification such as IOR, IRM or equivalent.
• Experience of FX, Payments and Derivatives products.
• In-depth knowledge of the UK financial services and regulatory framework.
• Several years of risk management experience at a senior level.
• Exposure to Enterprise Risk Management Frameworks and other risk types such as financial crime, credit, liquidity, conduct, etc.
• Extensive experience and knowledge of Operational Risk.

What s on Offer

VP level salary 90,000-100,000

Bonus and benefits package offering.