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- Tasks: Lead a team to enhance operational resilience and manage risk effectively.
- Company: Join a global insurance company making a significant impact in the industry.
- Benefits: Enjoy opportunities for professional growth and collaboration across departments.
- Why this job: Shape a vital function, improve processes, and drive meaningful change.
- Qualifications: Detail-oriented with problem-solving skills and experience in operational controls and risk management.
- Other info: This is a newly created role offering a chance to influence the company's future.
The predicted salary is between 43200 - 72000 £ per year.
Arthur is working with a global insurance company seeking to hire a Head of Operational Controls & Risk to join their COO function.
This newly created role offers the successful candidate an opportunity to make a significant impact by strengthening the operational resilience of the services provided by the Operations function. You will lead a team, focusing on effective data management, improving control effectiveness, and ensuring quality assurance.
Key Responsibilities:
- Conduct and oversee Risk & Control Self-Assessments, support transformation initiatives, and review outsourcing arrangements to align with risk appetite.
- Establish and monitor controls for compliance with policies, regulations, and standards, including Sarbanes-Oxley requirements.
- Enhance efficiency through better data quality, improved processes, and collaboration with finance operations.
- Ensure data is managed consistently, securely, and in line with policies, including lifecycle management and quality control.
- Provide quality assurance on reconciliations and report risk and control issues to senior management.
- Ensure adherence to laws and policies while engaging with internal and external audit teams.
- Address operational incidents promptly and work with audit teams on remediation.
- Partner with IT, Finance, Compliance, and others to drive process and control improvements.
- Facilitate training on risk management and control procedures in collaboration with the Service Delivery team.
- Oversee the budget for the Operational Controls & Risk team.
We are looking for detail-oriented professionals with excellent problem-solving skills and prior experience in operational controls, combined with a strong understanding of risk.
This is an exciting opportunity for someone eager to shape and develop a vital function within the business.
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Head of Operational Controls & Risk employer: Arthur
Contact Detail:
Arthur Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Operational Controls & Risk
✨Tip Number 1
Familiarize yourself with the specific regulations and standards relevant to operational controls and risk management, such as Sarbanes-Oxley. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and quality assurance.
✨Tip Number 2
Network with professionals in the insurance and risk management sectors. Attend industry conferences or webinars to connect with potential colleagues and learn about best practices in operational resilience and data management.
✨Tip Number 3
Prepare to discuss your experience with Risk & Control Self-Assessments and transformation initiatives. Be ready to share specific examples of how you've improved control effectiveness and ensured compliance in previous roles.
✨Tip Number 4
Highlight your leadership skills and experience in managing teams. Be prepared to talk about how you've facilitated training on risk management and control procedures, as this will be crucial for the Head of Operational Controls & Risk role.
We think you need these skills to ace Head of Operational Controls & Risk
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities and expectations of the Head of Operational Controls & Risk position. Tailor your application to highlight relevant experiences that align with the key responsibilities outlined in the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous experience in operational controls and risk management. Provide specific examples of how you've successfully conducted Risk & Control Self-Assessments or improved control effectiveness in past roles.
Showcase Problem-Solving Skills: Demonstrate your problem-solving abilities by including examples of challenges you've faced in operational settings and how you addressed them. This will show your potential employer that you can handle the complexities of the role.
Tailor Your Application: Customize your cover letter to reflect your understanding of the company's goals and how you can contribute to strengthening their operational resilience. Mention any relevant industry knowledge or insights that could set you apart from other candidates.
How to prepare for a job interview at Arthur
✨Understand the Role's Impact
Make sure you grasp how the Head of Operational Controls & Risk position contributes to the overall operational resilience of the company. Be prepared to discuss how your previous experiences can strengthen the services provided by the Operations function.
✨Showcase Your Problem-Solving Skills
Highlight specific examples from your past where you've successfully identified and mitigated risks. This role requires excellent problem-solving abilities, so be ready to demonstrate how you've tackled challenges in operational controls.
✨Familiarize Yourself with Compliance Standards
Since the role involves ensuring compliance with policies and regulations, including Sarbanes-Oxley, brush up on these standards. Be prepared to discuss how you've implemented compliance measures in previous roles.
✨Emphasize Collaboration Experience
This position requires working closely with various departments like IT, Finance, and Compliance. Share examples of how you've successfully collaborated with cross-functional teams to drive process improvements and enhance control effectiveness.
