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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 in a dynamic environment while promoting a risk-focused culture.
- Qualifications: Strong knowledge of Operational Risk and excellent communication skills are essential.
- 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
Contact Detail:
Allica Bank 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 us how your skills align with their goals, especially in operational risk. Tailor your examples to demonstrate your fit!
✨Tip Number 3
Practice common interview questions related to operational risk. We want to see how you think on your feet, so consider scenarios where you've successfully managed risks or improved processes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Allica team.
We think you need these skills to ace Operational Risk Analyst in Milton Keynes
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Risk Analyst role. Highlight your relevant experience with GRCs, assurance reviews, and risk assessments. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about operational risk and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills: As a strong communicator, make sure your application reflects that. Use clear language and structure in your CV and cover letter. We appreciate candidates who can convey their thoughts effectively, just like we do at Allica Bank.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Allica Bank
✨Know Your Operational Risk Inside Out
Make sure you brush up on your knowledge of Operational Risk frameworks, GRC systems, and RCSAs. Familiarise yourself with the specific tools and processes mentioned in the job description, as this will show that you're not just interested in the role but also understand its intricacies.
✨Prepare for Scenario-Based Questions
Expect to be asked how you would handle specific risk scenarios or challenges. Think about past experiences where you've successfully identified and mitigated risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.
✨Showcase Your Communication Skills
As a key part of the Operational Risk team, you'll need to communicate effectively with various stakeholders. Prepare examples of how you've successfully communicated complex information in a clear and concise manner. This will demonstrate your ability to provide necessary challenge constructively.
✨Emphasise Team Collaboration
Allica Bank values teamwork, so be ready to discuss how you've worked collaboratively in previous roles. Highlight instances where you've supported colleagues or contributed to a team goal, especially in relation to risk management or compliance.