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For Companies At a Glance
- Tasks: Lead operational risk management and enhance frameworks in a dynamic banking environment.
- Company: Join a fast-growing UK banking group, a leader in cross-border FX and payments.
- Benefits: Enjoy a competitive salary, bonus, and a comprehensive benefits package.
- Why this job: Be part of a crucial role that shapes risk management and drives positive change.
- Qualifications: Professional qualification in risk management and extensive experience in financial services required.
- Other info: Based in London, this role offers a chance to influence operational policies across the bank.
The predicted salary is between 72000 - 108000 £ per year.
Fast growing, UK banking group. Market leading cross border FX and payments firm seeking a VP- Operational Risk Manager based in London.
The VP- Operational Risk Manager will support the Head of Operational Risk in the independent oversight of Operational Risk across the Bank. Responsibilities include:
- Enhancing the Operational Risk Management Framework and its associated components (Risk & Control Self Assessments (RCSA), incidents, operational scenario analysis etc).
- Providing robust oversight and challenge to RCSAs and risk assessments performed as part of new product/initiative development.
- Enhancing and standardising 2LoD owned policies and procedures.
- Ensuring these policies are understood, communicated, embedded, and complied with across the Bank.
- Engaging with 1LoD to ensure policies and procedures adhere to developed standards and guidelines.
- Training and educating the 1LoD to embed the Operational Risk Management Policy within their respective areas.
- Preparing risk committee and board papers, as required, including robust management of known audit and control weaknesses.
Requirements for the VP- Operational Risk Manager include:
- Professional or industry qualification such as IOR, IRM or equivalent.
- Experience of FX, Payments and Derivatives products.
- In-depth knowledge of the UK financial services and regulatory framework.
- Several years of risk management experience at a senior level.
- Exposure to Enterprise Risk Management Frameworks and other risk types such as financial crime, credit, liquidity, conduct etc.
- Extensive experience and knowledge of Operational Risk.
VP level salary £90,000-£100,000 with a bonus and benefits package offering.
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP- Operational Risk Manager - Michael Page
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in operational risk management, especially within the UK banking sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the operational risk space, particularly those who have experience in FX, payments, and derivatives. Attend industry events or webinars to make connections that could lead to valuable insights or referrals for the role.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully implemented or enhanced operational risk frameworks. Highlighting your practical knowledge will set you apart from other candidates.
✨Tip Number 4
Showcase your leadership skills by discussing how you've trained or educated teams on risk management policies in previous roles. This is crucial for the VP position, as you'll need to engage effectively with both 1LoD and 2LoD teams.
We think you need these skills to ace VP- Operational Risk Manager - Michael Page
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk management, particularly in the context of FX, payments, and derivatives. Use specific examples that demonstrate your expertise in enhancing risk management frameworks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your qualifications align with the requirements listed in the job description, particularly your experience with risk assessments and policy development.
Highlight Relevant Qualifications: Clearly mention any professional qualifications you hold, such as IOR or IRM, and explain how they relate to the responsibilities of the VP- Operational Risk Manager position. This will help establish your credibility in the field.
Showcase Leadership Skills: Since this is a VP-level position, emphasise your leadership experience. Provide examples of how you've successfully managed teams or projects in the past, particularly in training and educating others on operational risk policies.
How to prepare for a job interview at Michael Page
✨Understand the Operational Risk Landscape
Make sure you have a solid grasp of the current trends and challenges in operational risk management, especially within the UK banking sector. Familiarise yourself with the specific risks associated with FX, payments, and derivatives products, as this knowledge will be crucial during your interview.
✨Showcase Your Experience
Prepare to discuss your previous roles in risk management, particularly at a senior level. Highlight specific examples where you've successfully implemented or enhanced risk management frameworks, and be ready to explain how these experiences relate to the responsibilities of the VP- Operational Risk Manager position.
✨Demonstrate Leadership Skills
As a VP, you'll need to lead and influence others. Be prepared to share instances where you've trained or educated teams on risk policies and procedures. Discuss how you've engaged with first line of defence (1LoD) teams to ensure compliance and understanding of operational risk management.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about potential operational risk incidents and how you would approach them. This will demonstrate your analytical skills and your ability to provide robust oversight and challenge to risk assessments.
