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- Tasks: Identify and report emerging operational risks while supporting senior management with consolidated risk profiles.
- Company: Join a leading financial institution focused on risk management in London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact by promoting a strong risk culture in a fast-paced capital markets setting.
- Qualifications: Experience in operational risk and understanding of financial products required.
- Other info: Opportunity to work with senior stakeholders and enhance your career in risk management.
The predicted salary is between 43200 - 72000 £ per year.
The Operational Risk Manager is responsible for:
- Supporting the Director, Operational Risk Oversight London in executing Risk Management's core operational risk responsibilities in London.
- Strengthening analysis of London Capital Markets' operational risk profile.
- Reporting and advising senior management on London's consolidated risk profile.
- Proactively seeking to identify and report emerging risk.
- Producing reporting for senior management committees showing a consolidated operational risk profile.
- Supporting calibration of metrics used for Risk Committee and Boards.
- Reviewing and challenging First Line execution of the core elements of the framework.
- Supporting oversight of the London Operational Resilience Programme.
- Supporting oversight of algorithmic trading governance in London.
- Supporting production of Non-Financial Risk capital scenarios and calculations for BMO Capital Markets Ltd.
- Providing general oversight and subject matter expertise on operational risk matters in London.
- Contributing to regulatory and audit responses as required.
- Maintaining regular contact with senior stakeholders across the business.
- Helping manage London Risk's relationship with the Enterprise Risk team globally.
The Operational Risk Manager supports promotion of a risk culture in London, and acts as a local interface with relevant Enterprise areas in matters of operational risk.
Knowledge and Skills
- Operational experience, preferably in a variety of financial products and processes.
- Understanding of the operational of the 'Three Lines of Defence' model in a Capital Markets environment.
- Understanding of broader risk frameworks (Credit, Market, Liquidity) and risk management practices.
- Demonstrated ability to work both autonomously and within a team environment.
- Understanding of UK operational risk regulatory environment and trends.
- Good working knowledge of standard MS Suite applications (Excel, PowerPoint, Word).
Skills:
- Understanding of how to analyse processes and controls, and how to improve them.
- Confident in ability in dealing with stakeholders of all levels of seniority.
- Able to work under pressure.
Please note for this role, you must have the right to work in the UK. Sponsorship will not be provided for this role.
Operational Risk Manager in London employer: BMO
Contact Detail:
BMO Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in operational risk. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the 'Three Lines of Defence' model and current trends in operational risk. We want you to impress with your understanding of the role and the industry!
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've identified and managed risks in past roles. Use specific examples to demonstrate your expertise and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Operational Risk Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your operational risk experience and any relevant financial products you've worked with. We want to see how you fit into our world!
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 aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves analysing processes and controls, make sure to include examples of how you've done this in the past. We’re looking for someone who can think critically and improve systems, so don’t hold back!
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 BMO
✨Know Your Risk Frameworks
Make sure you brush up on the 'Three Lines of Defence' model and how it applies to Capital Markets. Be ready to discuss your understanding of operational risk frameworks and how they relate to credit, market, and liquidity risks.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed processes and controls in previous roles. Highlight any improvements you've made and be ready to discuss how you would approach similar challenges in this role.
✨Engage with Stakeholders
Think about your experience dealing with senior stakeholders. Be prepared to share specific instances where you successfully communicated complex risk information and how you built those relationships.
✨Stay Current on Regulatory Trends
Familiarise yourself with the latest trends in the UK operational risk regulatory environment. Being able to discuss recent changes or challenges will show that you're proactive and knowledgeable about the field.
