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- Tasks: Join us as an Operational Risk Analyst, tackling risk management and improving processes daily.
- Company: We're a dynamic oil trading company in Central London with a strong growth track record.
- Benefits: Enjoy flexible working options, competitive salary, and opportunities for professional development.
- Why this job: Be part of a vibrant culture that values innovation and collaboration while making a real impact.
- Qualifications: Ideal candidates have experience in risk, compliance, or audit within commodities or shipping.
- Other info: Bring your analytical skills and adaptability to thrive in a fast-paced environment.
The predicted salary is between 42000 - 84000 £ per year.
Our client is an Oil trading and supply company based in Central London. They have a strong track record of growth and an impressive entrepreneurial approach.
The Operational Risk Analyst will bring experience, enthusiasm and an analytical mind to complement the growing Operational Risk Department. The candidate will ideally have prior experience from working in a risk, compliance, or internal audit position in a relevant industry e.g., commodities, shipping, bunkering.
As Operational Risk Analyst your main responsibilities will be:
- Supporting the implementation of Operational Risk framework across core and emerging commercial and operational activities.
- Helping to review and improve on existing policies and guidelines in order to increase risk management awareness and drive change in culture and behaviours.
- Supporting the Incident Management Regime by investigating and analysing incident reports to identify control gaps or weaknesses, and document findings and improvement suggestions via written reports.
- Leading internal initiatives to develop and improve risk controls.
- Contributing and maintaining the iServer business process infrastructure, procedural documentation, key processes and controls across all departments and ensure continuous improvement to avoid risks.
- Identifying process improvements and efficiencies from existing practices. Use automation to reduce manual workload and strengthen process controls.
- Supporting the team to prepare risk reports and updates and presenting this information as part of regular internal risk management meetings.
- Supporting the Systems Development Lifecycle by working with IT to ensure that system changes or enhancements are aligned with the risk management and control framework and consistent with desired business process.
QUALIFICATIONS, EXPERIENCE AND PROFILE REQUIREMENTS:
- Commodity trading, shipping or bunkering background with proven experience of working in an operational risk role or related function; Trade Support, Internal Audit, Risk Management etc.
- Experience that demonstrates analytical and problem-solving capabilities.
- Ability to understand a risk and control process within the business context whilst generating ideas to improve it.
- A flexible and adaptable attitude, with the ability to multi-task and respond quickly to changing priorities.
- An individual that is unfazed and comfortable with new, complicated, vague or ill-defined information or processes.
- Excellent verbal and written communication skills, able to present information in a concise, logical manner.
- Strong interpersonal skills and the ability to build, expand and maintain collaborative relationships with internal and external stakeholders at all levels of the business.
- Ability to mediate between different character types and points of view to achieve outcomes.
- Desirable: Knowledge of operational risk and control processes.
- Experience in risk, audit/assurance, compliance/internal control or consulting.
- Strong IT Skills and aptitude, experience with Energy Trading Risk Management Systems (ETRM).
- BPMN process mapping experience.
- Professional qualifications preferred in accounting (ACA/ACCA/CIMA) or risk and financial (FRM/ERP/CFA).
Operational Risk Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Analyst
✨Tip Number 1
Familiarise yourself with the specific operational risk frameworks used in the commodities and shipping industries. Understanding these frameworks will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the oil trading and supply sector. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the company culture and expectations for the Operational Risk Analyst role.
✨Tip Number 3
Brush up on your analytical and problem-solving skills, as these are crucial for the role. Consider taking online courses or workshops that focus on risk management analysis to enhance your capabilities and make you a more attractive candidate.
✨Tip Number 4
Prepare to discuss your experience with incident management and process improvements in detail. Be ready to share specific examples of how you've identified control gaps and implemented changes in previous roles, as this will showcase your practical knowledge and expertise.
We think you need these skills to ace Operational Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk, compliance, or internal audit roles. Use keywords from the job description to demonstrate that you meet the qualifications and have the necessary skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that relate to the responsibilities listed in the job description, such as your ability to improve risk management processes or your analytical skills.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical and problem-solving capabilities in previous roles. Highlight any experience with incident management or process improvements that align with the responsibilities of the Operational Risk Analyst position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Ensure that your writing is clear and concise, as excellent communication skills are essential for this role.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Analytical Skills
As an Operational Risk Analyst, your analytical capabilities are crucial. Be prepared to discuss specific examples from your previous roles where you identified risks and implemented solutions. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Demonstrate Industry Knowledge
Familiarise yourself with the oil trading and supply industry, particularly in relation to operational risk. Research current trends, challenges, and regulations that affect the sector. This will show your enthusiasm and understanding of the field during the interview.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and ability to handle complex situations. Practice articulating how you would approach various risk management scenarios, focusing on your thought process and decision-making.
✨Highlight Communication Skills
Strong communication is key for this role. Be ready to discuss how you've effectively communicated risk findings to stakeholders in the past. Consider preparing a brief presentation or summary of a past project to demonstrate your ability to present information clearly and concisely.
