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- Tasks: Support the Operational Risk team in maintaining risk frameworks and conducting assurance reviews.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm focused on SMEs.
- Benefits: Enjoy flexible working, private health cover, and a supportive onboarding experience.
- Why this job: Make a real impact by promoting a risk-focused culture in a dynamic environment.
- Qualifications: Strong knowledge of Operational Risk and excellent communication skills required.
- Other info: Diverse workplace with opportunities for personal and professional growth.
The predicted salary is between 40000 - 50000 £ per year.
About Allica Bank
Allica is the UK's fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
You would be an integral part of the Operational Risk team, reporting to the Head of Operational Risk. You will be part of a wider team responsible for successfully delivering Second Line of Defence capability within the bank.
Role Description
- Helping to maintain the Operational Risk Framework (ORF) including related Second Line policies and procedures in support of the bank's Operational Risk system
- Supporting the Head of Operational Risk in implementing the bank's Operational Risk Assurance plan
- Supporting Control testing and Assurance reviews
- Working with the First Line of Defence to support the bank's Risk and Control Self-Assessment (RCSA) and administration of the bank's annual RCSA refresh
- Operationally maintaining the bank's GRC system and processes
- Providing quantitative and qualitative input into the Bank's Operational Risk Reporting
- Supporting the team to deliver regular deep-dive reviews of the bank's Operational Risk profile
Principal Accountabilities
- Working with the First Line to provide Operational Risk support
- Operational Risk assurance, including Controls Testing - provision of assurance, reporting and identification capability to provide a full picture of the bank's Operational Risks and related controls
- Supporting the wider Compliance team colleagues with overarching objectives
- Driving the effective maintenance and continuous improvement of the GRC system to ensure accurate, timely, and consistent risk and control data
- Promoting a risk-focused culture across the bank and embodying the bank's values
Personal Attributes & Experience
- Strong Operational Risk knowledge and experience including GRCs, Assurance reviews, RCSAs, Controls and Risk Libraries, Risk Event reporting
- Focused upon delivering results and meeting deadlines
- Good, clear communicator
- Ability to provide necessary challenge in a constructive manner
- Strong team player
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Don't tick every box? Don't worry if you don't have all the skills or requirements listed on the job description. If you think you'll be a good fit, we'd still love to hear from you!
Flexible working
We know the '9-to-5' isn't right for everyone. That's why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We're a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Operational Risk Analyst in Milton Keynes employer: Allica Bank Limited
Contact Detail:
Allica Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Analyst in Milton Keynes
✨Tip Number 1
Network like a pro! Reach out to current employees at Allica Bank on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by understanding Allica's mission and values. Show how your skills align with their goals, especially in operational risk. We want to see that you're not just a fit for the role, but for the company culture too!
✨Tip Number 3
Practice common interview questions related to operational risk. Think about scenarios where you've successfully managed risks or improved processes. We love hearing about real-life examples that showcase your expertise!
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Operational Risk Analyst in Milton Keynes
Some tips for your application 🫡
Show Your Passion for Operational Risk: When writing your application, let us see your enthusiasm for operational risk! Share any relevant experiences or projects that highlight your knowledge and skills in this area. We want to know why you're excited about the role and how you can contribute to our team.
Tailor Your Application: Make sure to customise your application to fit the job description. Highlight your experience with GRC systems, assurance reviews, and RCSAs. This shows us that you've done your homework and understand what we're looking for in an Operational Risk Analyst.
Be Clear and Concise: We appreciate a well-structured application! Keep your language clear and to the point. Avoid jargon unless it's relevant, and make sure your key points stand out. This helps us quickly see how you meet the requirements and why you'd be a great fit.
Apply Through Our Website: Don't forget to submit your application through our website! It's the best way for us to receive your details and ensures you’re considered for the role. Plus, it makes the process smoother for both you and us!
How to prepare for a job interview at Allica Bank Limited
✨Know Your Operational Risk Basics
Before heading into the interview, brush up on your knowledge of Operational Risk frameworks, GRC systems, and RCSAs. Being able to discuss these concepts confidently will show that you understand the role and can contribute effectively from day one.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific risk scenarios or challenges. Think about past experiences where you've identified risks or implemented controls, and be ready to share those examples. This will demonstrate your practical understanding of the role.
✨Showcase Your Communication Skills
As a key part of the Operational Risk team, clear communication is essential. Be prepared to explain complex risk concepts in simple terms. Practising this beforehand can help you articulate your thoughts clearly during the interview.
✨Emphasise Team Collaboration
Allica Bank values teamwork, so highlight your ability to work collaboratively with different departments. Share examples of how you've successfully partnered with others to achieve common goals, especially in risk management contexts.