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For Companies At a Glance
- Tasks: Lead operational risk reviews and produce insightful reports for key committees.
- Company: Join a dynamic financial institution focused on operational resilience across EMEA.
- Benefits: Enjoy a hybrid work model and opportunities for professional growth.
- Why this job: Make a real impact in risk management while developing your skills in a supportive environment.
- Qualifications: Experience in operational risk frameworks and strong communication skills are essential.
- Other info: This is a 10-month contract role with potential for future opportunities.
The predicted salary is between 48000 - 72000 £ per year.
Purpose of Job
- To support the Head of Operational Risk and Resilience in the BAU governance and management of the Operational Risk Management Framework.
- To execute Operational Risk and Operational Resilience related processes, which includes:
- Leading the review and challenge of Operational Risk Events
- Leading the review and challenge of Risk Issues, Actions and Risk Acceptances
- Production of Operational Risk reporting for the Operational Risk and Resilience Committee (monthly), ExCo (monthly) and Board Risk Committee (quarterly)
- Coordinate the Key Risk Indicator process
- Support and guide more junior staff in their BAU processing
Background
This role requires a hands-on approach to the review and challenge of first-line outputs as well as production of reporting and execution of BAU processes, in a timely and robust manner. These deliverables concern CM Ltd and EMEA-wide Entities and Branches. The incumbent will be proficient at various applications such as Excel, PowerPoint and Word to create information such as tables, graphs and other information in a presentable and streamlined manner.
Operational Risk Events, Risk Issues, Actions and Risk Acceptances
- Lead the review and challenge of Operational Risk Events (submitted by the first line). This requires a robust review of Operational Risk Events, to ensure they are well-written and contain all relevant information, as well as challenge the proposed mitigations to ensure they are appropriate.
- Lead the review and challenge of Risk Issues, Actions and Risk Acceptances (submitted by the first line). This requires a robust review of these items, to ensure they are well-written and contain all relevant information, as well as challenge the appropriateness of proposed Action closures.
- Oversee the processing of these items by more junior staff. This involves checking the appropriateness of the challenges raised by more junior staff, to ensure these are comprehensive and appropriate, and providing additional challenges where needed.
- Coordinate with EMEA RMD colleagues for any items that impact their Entity/ Branch.
- Stakeholder management is necessary to ensure the first line are clear on what is expected from them, and EMEA RMD colleagues are aware of any items relevant to them. Any feedback or information to these audiences should be provided clearly and timely.
- Evidence of review and challenge and rationales for decisions made must be captured thoroughly. This involves checking that more junior colleagues have achieved this, as well as capturing the additional challenges provided by the incumbent.
- Significant items should be escalated accurately and timely.
Operational Risk Reporting
- Monthly production of operational risk reporting for the Operational Risk and Resilience Committee. This reporting includes, for example, (i) Risk Appetite, (ii) Operational Risk Events, (iii) Risk Issues, (iv) Key Risk Indicators etc.
- Reporting is to be produced accurately and timely. This involves overseeing more junior staff that produce reporting, as well as the reporting produced by the incumbent.
- Reporting is to include key messages and conclusions to assist with management decision making.
- Reporting is to be provided to EMEA Entities and Branches, accurately and timely.
Other
- Support in ensuring a better risk awareness across the company, to help improve decision making and help the company better manage downside risk and take well informed upside risk.
- Apply a continuous improvement approach to the risk management framework.
- Support with business engagement and ensure effective understanding, support, challenge, and value add to the business.
- Support with embedding the frameworks and understanding in the business.
- Participate in periodic RMD initiatives as required, or assistance with the production of other activities during peak/seasonal periods.
Facts / Scale
- The role is required to provide support for the Operational Risk and Resilience Frameworks across EMEA and ensure best practice by liaising with SMEs, where applicable.
- There are no direct reports for this role as indicated however, the incumbent will help guide the more junior staff and be expected to work closely with RMD colleagues.
Accountabilities & Responsibilities
- Assist the Head of Operational Risk and Resilience by supporting the effective development, oversight, support, execution, analysis, challenge and embedding of operational risk in the business. This includes:
- Leading the review and challenge of Operational Risk Events
- Leading the review and challenge of Risk Issues, Actions and Risk Acceptances
- Production of Operational Risk reporting for the Operational Risk and Resilience Committee (monthly), ExCo (monthly) and Board Risk Committee (quarterly)
- Coordinate the Key Risk Indicator process
- Support and guide more junior staff in their BAU processing
Knowledge, Skills, Experience & Qualifications
Essential Technical Experience
- Demonstrable and deep experience of Operational Risk and Resilience frameworks
- Demonstrable and deep experience of Operational Risk management across Corporate Banking, Treasury and Investment Banking products
- Knowledge and experience of capital markets business (especially Securities and Derivatives products along with relevant rules and customs).
- Strong and recent experience of leading/ providing thought leadership on operational risk and operational resilience frameworks across a region
- Strong and recent experience of developing, implementing and maintaining a proactive ‘relationship management’ approach to operational risk and operational resilience with front office business units and functions
- Strong experience of non-financial committee governance and meaningful reporting
- Understanding of the financial regulation relating to Operational Risk and Operational Resilience
Knowledge requirements
- Ability to build strong working relationships
- Strong communication skills
- Strong presentation skills
- Culturally aware through regular interaction with regional entities
- Ability to credibly represent the Bank with regulators
- Demonstrable track record in stakeholder management
- Influencing skills
If you believe you have the experience required, please apply with your CV now for instant consideration!
TO APPLY - PLEASE APPLY WITH AN UP-TO-DATE CV
Candidates will ideally show evidence of the above in their CV in order to be considered.
Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you accordingly.
Pontoon is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone’s chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.
Operational Risk Manager employer: Pontoon Solutions
Contact Detail:
Pontoon Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Operational Risk Management. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews, showcasing your knowledge and enthusiasm for the field.
✨Tip Number 2
Network with professionals in the Operational Risk space, especially those who have experience in corporate banking and investment banking. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed operational risks in previous roles. Be ready to explain your thought process and the outcomes of your actions, as this will demonstrate your hands-on experience and problem-solving skills to the interviewers.
✨Tip Number 4
Showcase your proficiency in tools like Excel and PowerPoint by preparing a sample report or presentation that highlights key risk indicators or operational risk events. This practical demonstration can set you apart from other candidates and illustrate your ability to produce high-quality reporting.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Operational Risk and Resilience frameworks. Use specific examples from your past roles that demonstrate your ability to manage risk effectively, especially in Corporate Banking or Investment Banking.
Highlight Relevant Skills: Emphasise your strong communication and presentation skills, as well as your ability to build relationships with stakeholders. Mention any experience you have with reporting and governance in non-financial contexts.
Showcase Technical Proficiency: Since the role requires proficiency in Excel, PowerPoint, and Word, include examples of how you've used these tools to create reports or presentations. This will demonstrate your capability to produce operational risk reporting effectively.
Include Evidence of Leadership: If you have experience leading teams or guiding junior staff, make sure to include this in your application. Highlight any instances where you've provided thought leadership on operational risk frameworks or managed stakeholder relationships.
How to prepare for a job interview at Pontoon Solutions
✨Understand the Operational Risk Framework
Make sure you have a solid grasp of the Operational Risk Management Framework. Be prepared to discuss how you've applied similar frameworks in your previous roles, and think about specific examples where you've led reviews or challenges of operational risk events.
✨Showcase Your Reporting Skills
Since the role involves producing operational risk reports, be ready to demonstrate your proficiency with tools like Excel and PowerPoint. Bring examples of reports you've created in the past, highlighting how they contributed to decision-making processes.
✨Highlight Stakeholder Management Experience
This position requires strong stakeholder management skills. Prepare to discuss how you've effectively communicated with various stakeholders in the past, ensuring clarity and timely feedback. Think of specific instances where your communication made a significant impact.
✨Demonstrate Leadership and Mentoring Abilities
As you'll be guiding junior staff, it's important to showcase your leadership experience. Share examples of how you've supported and developed team members in their roles, particularly in challenging situations related to operational risk.
