Senior Operational Risk Officer

SENIOR OPERATIONAL RISK OFFICER required for our client, a UK subsidiary of a large, international financial services organisation, based in the City.

Key skills:

- Wide-ranging operational risk experience in the financial services environment.
- Good understanding of current and anticipated UK, European, Indian and other countries' expectations of risk management systems, procedures and processes.
- Broad product knowledge for retail products and an appreciation of operational risk fundamentals.
- Strong analytical and interpersonal skills. He/she is likely to be a graduate and have a professional qualification.
- High integrity, credibility and excellent verbal and written communication skills to operate confidently and effectively at senior levels both internally and externally.
- Good working knowledge of MS Office skills in Word, Excel and PowerPoint.

Role will include:

OPERATIONAL RISK MANAGEMENT AND MONITORING:

- Facilitate Risk and Control Self Assessment (RCSA) workshops for all business groups, to identify residual operational risks and arrive at Key risks in the banks processes;
- Facilitate periodic walkthroughs to review the robustness and effectiveness of all key controls identified through RCSA workshops;
- Review Internal Audit findings to ascertain effectiveness of key controls;
- Facilitate developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI dashboards including escalation triggers, to relevant Committees;
- Track resolution/mitigation of risks and report to the relevant stakeholders as necessary;
- Facilitating development and implementation of various policies/procedures/frameworks pertaining to operational risks within the Bank;
- Advise and facilitate various groups in development, implementation and maintenance of operational risk management processes/tools within their respective areas;
- Facilitate progressive implementation of various modules of an operational risk management system.

OPERATIONAL RISK MEASUREMENT:

- Consolidation, mapping, analysing and reporting of the empirical internal loss data as reported by all business groups to the relevant stakeholders on a regular basis as per the annual ORMG Plan.

OPERATIONAL RISK REPORTING:

- Providing quality reports pertaining to operational risk (as per the annual ORMG Plan) to the relevant stakeholders including but not limited to Operational Risk Management Committee (ORMC) on a regular basis.

OUTSOURCING:

- Assist in review and enhancements to outsourcing policy. Assist in compliance and Oversight on Business/Operations complying with pre-empanelment and post empanelment requirements pertaining to outsourced arrangement;
- Report the status of the outsourcing engagement reviews to the relevant stakeholders as per the annual ORMG Plan.

NEW PRODUCT AND PROCESS APPROVAL (PAC):

- Review all PAC notes pertaining to new products/processes with a view to ascertain all risk issues are identified and mitigated/controlled;
- Maintain a list of PAC notes and provide status update to the relevant stakeholder on a regular basis.

This is a fantastic role for those wishing to pursue a career within Operational Risk, within a highly regarded financial institution. Huntress does not discriminate on the grounds of age, race, gender, disability, creed or sexual orientation and complies with all relevant UK legislation. PLEASE NOTE! You should make yourself aware of how immigration laws apply to your situation before applying for any jobs. We are acting as a Recruitment Agency in relation to this role.