Operational Risk Senior Associate

Permanent - London, UK

Employment Type Permanent
Type Full time
Location London, UK

Description

JOB SUMMARY

Assists with the management of the Bank’s Operational Risk profile, and all related components that form the Operational Risk Framework.


KEY WORK OUTPUT AND ACCOUNTABILITIES

· Assist in the development of the operational risk management framework that is responsive to the Bank’s risk appetite, including establishing appropriate scope and scale limits, key performance indicators and early warning signals.

· Assists in the implementation, development and maintenance of the Bank’s approach to operational risk

· Leads the delivery of the Bank’s Risk Control Self-Assessment (“RCSA”) and works closely with the Control Office in other teams in Line 1 and other streams in line 2 to ensure regular and consistent evaluation across all risk types, including reputational and conduct risks.

· Provides support and guidance in the incident identification, assessment and tracking processes to ensure that the Bank learns from mistakes made to reduce the potential for reoccurrence in a cost-effective manner.

· Assists in the development and preparation of the Banks Annual Operational Risk Scenario calculation and ICAAP preparation

· Assists in the maintenance of the Bank’s Risk Policy Framework to ensure Policies are accessible, relevant and updated on a timely basis.

· Develops and reviews operational resilience scenarios and reporting

· Responsible for review and maintenance of policies and processes linked to operational risk, operational resilience and business continuity

· Preparation of periodic operational risk reports to the Bank’s management and committees

· Undertakes operational risk projects as required, including research, analysis and the preparation of internal procedures

· Maintains and develops relationships with internal departments, and other stakeholders such as auditors.

· Provides training and support as required in the Bank’s operational risk management framework.

· Constantly strives to enhance the Bank’s operational risk management framework.

REQUIRED QUALIFICATIONS AND EXPERIENCE

· Operational risk management experience gained in the financial services industry

· Clear understanding of the key components of Operational Risk with a specific focus on RCSA’s, KRI’s and related control frameworks

· Ability to investigate, identify issues and make recommendations for risk mitigation.

· Excellent verbal and written communication skills

· Able to prepare and deliver accurate Management Information on a regular and ad hoc basis

· Understanding of the Bank’s Products, Markets and Processes


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