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For Companies At a Glance
- Tasks: Lead operational risk management and enhance frameworks across the organisation.
- Company: Join a leading financial services firm with a strong reputation in risk management.
- Benefits: Enjoy a 12-month contract with opportunities for professional growth and development.
- Why this job: Make a significant impact on operational risk strategy and work with executive-level stakeholders.
- Qualifications: 5-10 years in operational risk; PRMIA certification preferred.
- Other info: This role offers a collaborative environment and the chance to influence group-wide practices.
The predicted salary is between 43200 - 72000 £ per year.
A leading financial services organisation is seeking an experienced Group Operational Risk Senior Manager to join its Group Risk function on a 12-month fixed-term contract. This role offers a unique opportunity to shape and embed operational risk management practices at group level and drive consistent alignment across business units.
The successful candidate will be a functional lead in their area of expertise and will take ownership of designing, overseeing, and enhancing operational risk frameworks, internal controls, and governance structures. You will lead the Group Operational Risk Working Group and manage a small team, while working closely with the Chief Risk Officers of local entities to ensure consistency and strategic alignment across the Group.
Purpose of the Role
This is a high-impact role with group-wide visibility, offering the chance to influence operational risk strategy, ensure robust internal controls, and contribute meaningfully to broader risk culture and governance initiatives. The role is hands-on, strategic, and collaborative, with exposure to executive-level stakeholders.
Key Responsibilities
- Set Operational Risk policies, limits, and KRIs; ensure compliance across the group.
- Lead the strategic direction and implementation of the Internal Control Framework.
- Deliver effective Group Operational Risk Reporting including risk registers, events, KRIs, and outsourcing oversight.
- Set and lead the agenda for the Group’s Operational Risk Working Group.
- Present quarterly risk reporting to executive committees and recommend capital optimisation actions.
- Oversee risk event management for Group Functions and support breach escalation and response.
- Lead operational risk inputs into the Group ORSA process.
- Provide oversight of IT Risk activities and support business continuity and resilience planning.
- Conduct risk horizon scanning and promote risk culture, including training and awareness initiatives.
- Oversee and challenge Business Units and Group Functions on implementation of risk frameworks.
- Establish and manage a Group Operational Risk Network for knowledge sharing and consistency.
- Provide expert guidance on local entity reporting, including KRIs and RCSAs.
- Ensure operational risk and outsourcing processes and templates are consistent across the Group.
- Support Business Units in embedding operational risk policies and frameworks effectively.
Candidate Profile
Key Capabilities:
- Executive presence with the ability to influence senior stakeholders.
- Strong leadership and people management skills, including team development and matrix leadership.
- Strategic and hands-on approach, with comfort operating in a flat, fast-paced organisational structure.
- Adaptability, strong judgement, and commercial acumen.
- Collaborative mindset with the ability to constructively challenge and build consensus.
Functional & Technical Expertise:
- PRMIA Operational Risk Management Certificate (or equivalent).
- 5–10 years’ experience in operational risk within an international, regulated environment.
- Proven experience developing and implementing risk management frameworks.
- Knowledge of Solvency II and/or Bermuda Monetary Authority regulations is a strong advantage.
- High proficiency in SAI 360 and MS Office applications (Excel, Word, PowerPoint, Visio).
Contact Detail:
Carnegie Consulting 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, especially those related to Solvency II and Bermuda Monetary Authority. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in operational risk. 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 implemented risk management frameworks in previous roles. Highlight your leadership skills and ability to influence senior stakeholders, as these are crucial for the role.
✨Tip Number 4
Showcase your proficiency in tools like SAI 360 and MS Office applications during discussions. Being able to articulate how you've used these tools effectively in past roles can set you apart from other candidates.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk management. Focus on your leadership roles, specific frameworks you've developed, and any experience with regulatory environments like Solvency II.
Craft a Compelling Cover Letter: In your cover letter, emphasise your strategic approach and ability to influence senior stakeholders. Mention specific examples of how you've successfully implemented risk management frameworks in previous roles.
Highlight Relevant Qualifications: Clearly state your qualifications, such as the PRMIA Operational Risk Management Certificate. If you have experience with SAI 360 or other relevant tools, make sure to include that as well.
Showcase Leadership Skills: Demonstrate your leadership and people management skills in your application. Provide examples of how you've developed teams or led initiatives that align with operational risk strategies.
How to prepare for a job interview at Carnegie Consulting
✨Demonstrate Your Expertise
Make sure to showcase your knowledge of operational risk management frameworks and your experience in developing and implementing them. Be prepared to discuss specific examples from your past roles that highlight your expertise and how you've influenced risk strategy.
✨Showcase Leadership Skills
As this role involves managing a team and influencing senior stakeholders, it's crucial to demonstrate your leadership capabilities. Share instances where you've successfully led teams or projects, and how you foster collaboration and development within your team.
✨Prepare for Technical Questions
Expect questions related to regulatory frameworks like Solvency II and the Bermuda Monetary Authority. Brush up on these topics and be ready to discuss how they impact operational risk management in a financial services context.
✨Exhibit Strategic Thinking
This role requires a strategic mindset, so be prepared to discuss how you approach risk management from a broader organisational perspective. Think about how you can align operational risk practices with business objectives and be ready to share your thoughts on promoting a strong risk culture.
