Operational Risk Manager

The Operational Risk Manager is responsible for:

• Supporting the Director, Operational Risk Oversight London in:
• Executing Risk Management London’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.

Under the “Three Lines of Defence” model, this role is part of the London Risk Management department (Second Line). It reports to the Director, Operational Risk Oversight, London.

As part of the core responsibilities above, the Operational Risk Manager is required to:

• Proactively seek to identify and report emerging risk.
• Produce reporting for senior management committees showing a consolidated operational risk profile.
• Support calibration of metrics used for Risk Committee and Boards.
• Review and challenge First Line execution of the core elements of the framework.
• New business initiatives
• Support oversight of the London Operational Resilience Programme.
• Support oversight of algorithmic trading governance in London.
• Support production of Non-Financial Risk capital scenarios and calculations for BMO Capital Markets Ltd.
• Provide general oversight and subject matter expertise on operational risk matters in London.
• Contribute to regulatory and audit responses as required.
• Maintain regular contact with senior stakeholders across the business.
• Help 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

Knowledge:

• 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.**

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