My client - a bank focusing on Retail Lending - is looking to recruit an Operational Risk Manager to support the Head of Risk in discharging their operational risk responsibilities, in particular through providing Executive Management assurance as to the adequacy, completeness and robustness of the control environment within the Bank's front office areas and support & control functions.
You will develop, manage and maintain the banks Operational Risk framework, incorporating management tools, techniques and reports to support the business, senior management and regulatory requirements. And be responsible for ensuring that operational risk is effectively managed through identification, reporting, monitoring and measuring techniques.
* Continue to embed the Bank's Operational Risk framework through: o Introducing a controls assessment programme commensurate with the Bank's activities and internal processes. o Maintaining an appropriate suite of policies and procedures that govern the Banks' strategic activities and all identified inherent risks. o Creating an operational risk register and top risk dashboard that allow management visibility on the key risks in the Bank. o Working with the business and support & control functions to evolve KRIs as processes change, and to ensure they move in line with business strategy and EWIs. o Assist risk owners in enhancing the control environment where appropriate. * Creating a risk monitoring program commensurate with the Bank's strategy to ensure that risk owners are maintaining the Bank's risk exposure within agreed risk appetite as expressed in its policies, and is compliant with requirements set down by internal and regulatory governance. * Assist in embedding a culture of operational risk management throughout the Bank by actively cultivating and maintaining stakeholder relationships, providing advice on operational risk management issues and demonstrating the benefits to be gained from such a culture. * Periodically provide Operational Risk training to assist in the embedding of the Risk Management Framework and to ensure a culture of OR awareness exists throughout the Bank. * Attendance in various risk related governance committees. * Produce monthly reporting to Senior Management and the Board on operational risk appetite metrics and adherence to operational risk policies. * Act as the key point of contact in the investigation of all risk events to ensure control failures are identified and root causes addressed. * Perform "deep dives" as required on major internal and external risk events to assess the strength of the control environment; utilise risks events and audit findings to assist. * Independent review of departmental procedures to ensure that they are fit for purpose and conform to policies. * Guardianship of the Bank's Policy and Procedure library. * Assist with annual update of the Board Risk Appetite Statement in terms of Operational Risk matters; * Assist in the development of the ICAAP process for Operational risk for the Bank; contribute to the review of the scenario analysis framework. * Undertake risk assessments to support implementation of new products and initiatives, and to ensure that risks are identified, managed and mitigated as appropriate. * Assistance, development and maintenance of the Bank's Business Continuity Plan. * Assist the Head of Risk in other ad hoc projects.
* Executive Management. * Internal and External Audit. * Business / client facing departments to ensure effective and efficient processes that enhance business efficiency.
Required Skills & Experience:
* Degree and/or appropriate Professional Qualification. * Banking experience in a risk role or experience of Operations. * Good understanding of processes, controls, and responsibilities associated with a banking institution. * Good understanding of banking systems and processes and key operational risk management policies. * Working knowledge of regulatory demands on operational risk in terms of capital adequacy.
Beneficial Skills & Experience:
* Knowledge of accounting and financial controls. market risk or Middle Office role. * Newly qualified accountant would be advantageous. * CISI Investment Operations Certificate. * CISI Managing Operational Risk in Investment Management.