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    Operational Risk Analyst, Bank - Milton Keynes, Buckinghamshire, United Kingdom - Gatehouse Bank plc

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    Description
    Job Description Operational Risk Analyst

    Gatehouse Bank plc
    Hybrid

    The Operational Risk Analyst will effectively manage the Bank's approach to Operational Risk by supporting the enhancement of the Bank's control framework by carrying out assurance of control testing across all functions.

    They will test adherence to policies and risk appetite including escalation via appropriate channels and will assess the risks associated with first line of defence (1LOD) business line activities, assisting 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.

    Undertake 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.

    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.

    Provide support with remediation of control failures and compliance breaches.

    Support the Operational Risk Manager to develop Key Risk Indicators (KRIs) and risk appetite metrics with divisions in accordance with the Bank's Risk Appetite.

    Support business areas with Risk & Control Self Assessments to ensure all processes are captured and create Standard Operating Procedures (SOP) to support the RCSA output.

    Assist with production of high-quality reports/presentation packs for sharing with key stakeholders; Maintain a full audit trail with clear records to support review conclusions, stored in accordance with the bank's records management conventions.

    Ensure all Risk Incidents are documented, and root cause is established. Oversight of remedial actions to ensure risks are mitigated. Full audit trail is established, and trend analysis is undertaken.

    Knowledge of UK banking (Customer Service, Credit, Financial Crime, Operations) and risk management & controls principles appropriate to the three lines of defence model.

    Knowledge and understanding of risk control arrangements.
    Knowledge of regulatory environment and key regulatory regimes.
    Understanding of and compliance with group policies including Conduct Risk.

    Founded in 2007, we are a challenger bank that operates in accordance with Shariah principles, with offices in London, Milton Keynes and Wilmslow.

    We're one of the fastest growing banks of our kind in the UK and are a subsidiary of Gatehouse Financial Group Limited.

    We offer personal and corporate savings products and finance for UK residential and commercial property, in addition to sourcing and advising on UK real estate investments.

    Our way of operating is stable, transparent, and shares risk and reward in an equitable way. That's why we talk about balanced banking.

    25 days holiday entitlement increasing with service
    Pension Plan
    Private Medical Insurance
    Dental Cover
    Life Assurance
    Employee Referral Bonus

    Gatehouse Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

    Please be advised that we have an appointed recruitment partner, The Curve Group, to manage our recruitment process and give candidates the best possible experience in pursuing a career with Gatehouse Bank.

    The personal details you have shared with us may be processed by The Curve Group on behalf of Gatehouse Bank.

    Full details of their Privacy Policy can be viewed by using this link


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