Operational Risk Manager - London, United Kingdom - MARKET TALENT

MARKET TALENT
MARKET TALENT
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description
International Bank requires Operational Risk specialist to assist in the sghort term assignment starting January 2023.

You will be assisting the 2LOD Framework and 2LOD oversight of Operational Risk, and will be responsible for ensuring that its being effectivelymanaged.


Primary responsibilities

  • Provides knowledge and experience to the Bank to enable effective management and control of Operational Risk.
  • Supports the CRO and Risk in ensuring that all risks are managed and controlled, and in the ongoing development of Risk capabilities.
  • In accordance with the Control, Challenge and Coordination remit of the independent Risk function, the Operational Risk Manager has the following responsibilities:

OVERSIGHT

  • Ensures that controls and processes effectively mitigate risk in accordance with Boardapproved Risk Appetite.
  • Owner of the Operational Risk Framework, including the bank's approach to Risk Control Self-Assessment (RCSA) process, OR Assurance, and OR issues and event reporting.
  • Coordinates the Operational Risk Committee, and makes presentations to other committees such as ERCC.
  • Prepares and provides Risk MI Reporting on Operational Risk.
  • Ensures that OR framework meets regulatory requirements.

CHALLENGE

  • Challenges Line One with regard to any new or existing OR, (including Operational Resilience) controls and processes.
  • Works closely with Line One to identify new risks, concentrations of risk, trends, variances and anomalies, and ensure that risk mitigation is in place.
  • Reviews and assesses event reports and corrective actions.
  • Challenges results of Line One risk assessment within RCSA.
  • Performs Line Two reviews of specific areas and investigations when required by CRO, or CEO.
  • Ensures that all new initiatives, functions and systems, as well as technological changes, are adequately assessed in terms of all aspects of OR.

COORDINATION

  • Maintenance of Operational Risk and Fraud Policies.
  • Maintenance of New Business Policy, and coordination of New Products process.
  • Ownership of the Bank's Fraud Risk Management approach.
  • Education of EAB staff in Operational Risk matters.
  • Supports CRO in preparation for Board Audit & Risk Committee and followup.
  • Provides backup and cover for Data Privacy Manager.

RISK & REGULATORY DUTIES

  • Maintains knowledge of applicable regulatory requirements.
  • Reports policy/procedure breaches and areas of potential noncompliance and suspicions promptly upon identification in accordance with the Bank's Risk and Compliance policies.
  • Executes all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
  • Identify new risks/control gaps within own area.

TRAINING & COMPETENCE

  • Completes all annual mandatory regulatory refresher training as per the Bank's training plans and deadlines.
  • Proactively seeks to complete technical and behavioural training required for role.
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