Operational Risk Officer

London Permanent
  • Fantastic new role as a Risk Officer, banking and financial services. London
  • Controls, Risk and Compliance role

About Our Client

Small challenger bank based in London, seeking an Operational Risk Officer.

Job Description

Operational Risk Officer will have the following responsibilities:

1.Support the enhancement of the bank's control framework by carrying out assurance of

control testing across all functions

2. Test adherence to policies and risk appetite including escalation via appropriate channels

3. Assess the risks associated with 1LoD business line activities and assist in compiling and

maintaining a complete control framework for risk management activities. Support the

business lines and functions to identify risks from the First Line.

4. Provide support with quality reviews, taking a risk-based approach. This could include

thematic reviews, regular testing of key controls, independent validation of Quality

Controls and Assurance activities performed by the businesses or other methodologies as

needs dictate.

5. Monitor output from all 1LoD areas to identify potential operational risks and, where

possible, ensure appropriate mitigating actions are in place, including recommendations

for remediation, improvement of controls, staff training or coaching. Proactively identify

process improvement/best practice and share as appropriate.

6. Provide support with remediation of control failures.

7. Support the Operational Risk Manager to develop Key Risk Indicators (KRIs) and risk

appetite metrics with divisions in accordance with bank's Risk Appetite.

8. Support business areas with Risk & Control Self Assessments to ensure all processes are

captured. Create Standard Operating Procedures to support the RCSA output

The Successful Applicant

Good working knowledge of MS Office applications (Excel, Word, PowerPoint as a minimum)

§ Knowledge of UK banking (Customer Service, Credit. Financial Crime, Operations) and risk

management & controls principles appropriate to the three lines of defence model

§ Understanding of and compliance with group policies including Conduct Risk

§ Knowledge and understanding of risk control arrangements.

§ Knowledge of regulatory environment and key regulatory regimes

What's on Offer

Salary, benefits please enquire.

Eithne Hynes
Quote job ref
Phone number
+44 20 7645 1424

Job summary

Banking & Financial Services
Risk Management
Financial Services
Contract type
Consultant name
Eithne Hynes
Consultant phone
+44 20 7645 1424
Job reference