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- Tasks: Join us as an Operational Risk Analyst, supporting risk management and improving operational processes.
- Company: We're a dynamic oil trading company in Central London with a strong growth track record.
- Benefits: Enjoy a collaborative work environment with opportunities for professional development and flexible working options.
- Why this job: Make a real impact by enhancing risk controls and driving cultural change in a thriving industry.
- Qualifications: Ideal candidates have experience in risk, compliance, or internal audit within commodities or shipping.
- Other info: Bring your analytical skills and creativity to help shape our operational risk framework.
The predicted salary is between 36000 - 60000 £ 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 & improve on existing policies and guidelines in order to increase risk management awareness and drive change in culture & 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.
- Lead internal initiatives to develop & improve risk controls.
- Contributing & maintaining the iServer business process infrastructure, procedural documentation, key processes and controls across all departments and ensure continuous improvement to avoid risks.
- Identify 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 & 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 & 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 and data analysis to enhance your expertise.
✨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.
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 your fit for the position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that align with the responsibilities listed, such as your ability to improve risk management processes or your analytical skills.
Demonstrate Communication Skills: Since excellent verbal and written communication skills are crucial for this role, ensure your application materials are clear, concise, and free of errors. Consider including examples of how you've effectively communicated complex information in previous roles.
Highlight Relevant Qualifications: If you have any professional qualifications related to accounting or risk management, be sure to mention them prominently in your application. This can set you apart from other candidates and show your commitment to the field.
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. Think about how you would handle specific incidents or control gaps. Practising these scenarios can help you articulate your thought process clearly and confidently.
✨Highlight Communication Skills
Strong verbal and written communication skills are essential for this role. Be ready to provide examples of how you've effectively communicated complex information to various stakeholders. Consider discussing any presentations or reports you've prepared in the past.
