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- Tasks: Support the bank’s Operational Risk function and maintain the Operational Risk Framework.
- Company: Join Allica, the UK's fastest-growing fintech firm focused on SMEs.
- Benefits: Enjoy flexible working, private health cover, and a discretionary bonus scheme.
- Why this job: Make a real impact in a dynamic environment while promoting a risk-focused culture.
- Qualifications: Strong knowledge of Operational Risk and experience with RCSAs and Risk Registers.
- Other info: Diverse workplace with excellent development opportunities and a supportive team.
The predicted salary is between 36000 - 60000 £ per year.
About Allica Bank
Allica is the UKs 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.
Role Description
In this role you will play a key part in supporting the banks Operational Risk function helping to maintain the Operational Risk Framework (ORF) related policies and procedures as well as ensuring the effective operation of the banks GRC system and processes.
You will work closely with the Senior Operational Risk Manager to deliver the Operational Risk Assurance plan including control testing assurance reviews deep-dive assessments and scenario analysis feeding into ICAAP and ILAAP. A core aspect of the role will involve partnering with the First Line of Defence on the Risk and Control Self-Assessment (RCSA) process including annual refreshes while maintaining the Risk Register to ensure risks are accurately recorded monitored and action plans remain on track.
You will also contribute to operational risk reporting by providing both quantitative and qualitative input support the development and monitoring of the banks Risk Appetite Statement and Risk Management Framework and assist senior risk leaders including the Chief Compliance Officer and Chief Risk Officer in analysing the banks overall risk profile producing monthly reports and monitoring Key Risk Indicators.
Principal Accountabilities
Provide hands-on Operational Risk support across the bank from a Second Line perspective.
Operational Risk assurance including Controls Testing – provision of assurance reporting and identification capability to provide a full picture of the banks Operational Risks and related controls.
Working with the First Line and supporting the wider Compliance team colleagues to help embed the Three Lines of Defence providing advice and guidance as necessary.
Provide support in monitoring identifying and reporting of the Banks overall risk profile.
Promote a risk-focused culture across the bank and embodying the banks values.
Personal Attributes & Experience
Strong Operational Risk knowledge and experience including RCSAs Controls and Risk Libraries Risk Event reporting Risk Registers.
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
Dont tick every box
Dont worry if you dont have all the skills or requirements listed on the job description. If you think youll be a good fit wed still love to hear from you!
Flexible working
We know the 9-to-5 isnt right for everyone. Thats 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
Were 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.
Key Skills
Computer Science,Operational Risk Management,Risk Management,Six Sigma,Continuous Improvement,Lean,Process Improvement,Pricing,Customer Support,Alteryx,Kaizen,Project Management Lifecycle
Employment Type : Full-Time
Department / Functional Area : Compliance
Experience : years
Vacancy : 1
Required Experience : Manager
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Operational Risk Manager employer: Allica Bank
Contact Detail:
Allica Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Allica. A friendly chat can give you insider info and maybe even a referral.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Brush up on operational risk concepts and be ready to discuss how you've tackled similar challenges in the past. Show them you're the right fit!
✨Tip Number 3
Don’t just wait for the job to come to you. Apply through our website and keep an eye on new openings. The more you engage, the better your chances of landing that dream role!
✨Tip Number 4
Follow up after your interview! A quick thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Risk Manager role. Highlight your relevant experience and skills that align with the job description. We want to see how you can contribute to our mission at Allica!
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 your background makes you a great fit for our team. Keep it engaging and personal – we love to see your personality!
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Use metrics where possible to demonstrate your impact. We appreciate results-driven candidates who can show us what they’ve accomplished!
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 shows you’re keen on joining our fantastic team at Allica!
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, RCSAs, and controls. Allica is looking for someone who can demonstrate a strong understanding of these concepts, so be prepared to discuss your experience and how it relates to their needs.
✨Showcase Your Team Spirit
Since this role involves working closely with various teams, highlight your ability to collaborate effectively. Share examples of how you've worked in a team setting to tackle challenges or improve processes, especially in relation to risk management.
✨Prepare for Scenario Analysis Questions
Expect questions that require you to think critically about risk scenarios. Practice articulating how you would approach control testing and assurance reviews, as well as how you would contribute to the bank’s overall risk profile.
✨Emphasise Your Results-Driven Mindset
Allica values individuals who are focused on delivering results. Be ready to discuss specific instances where you met deadlines or achieved significant outcomes in your previous roles, particularly in operational risk management.
