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For Companies At a Glance
- Tasks: Lead operational risk management and enhance frameworks across the organisation.
- Company: Join a leading financial services firm with a strong reputation in risk management.
- Benefits: Enjoy a 12-month contract with opportunities for professional growth and development.
- Why this job: Make a significant impact on risk strategy and work closely with executive stakeholders.
- Qualifications: 5-10 years in operational risk; PRMIA certification preferred.
- Other info: This role offers visibility and influence at a group-wide level.
The predicted salary is between 43200 - 72000 £ per year.
A leading financial services organisation is seeking an experienced Group Operational Risk Senior Manager to join its Group Risk function on a 12-month fixed-term contract. This role offers a unique opportunity to shape and embed operational risk management practices at group level and drive consistent alignment across business units.
The successful candidate will be a functional lead in their area of expertise and will take ownership of designing, overseeing, and enhancing operational risk frameworks, internal controls, and governance structures. You will lead the Group Operational Risk Working Group and manage a small team, while working closely with the Chief Risk Officers of local entities to ensure consistency and strategic alignment across the Group.
Purpose of the Role
This is a high-impact role with group-wide visibility, offering the chance to influence operational risk strategy, ensure robust internal controls, and contribute meaningfully to broader risk culture and governance initiatives. The role is hands-on, strategic, and collaborative, with exposure to executive-level stakeholders.
Key Responsibilities
- Group Operational Risk Management: Set Operational Risk policies, limits, and KRIs; ensure compliance across the group.
- Lead the strategic direction and implementation of the Internal Control Framework.
- Deliver effective Group Operational Risk Reporting including risk registers, events, KRIs, and outsourcing oversight.
- Set and lead the agenda for the Group’s Operational Risk Working Group.
- Present quarterly risk reporting to executive committees and recommend capital optimisation actions.
- Oversee risk event management for Group Functions and support breach escalation and response.
- Lead operational risk inputs into the Group ORSA process.
- Provide oversight of IT Risk activities and support business continuity and resilience planning.
- Conduct risk horizon scanning and promote risk culture, including training and awareness initiatives.
Group-wide Oversight & Alignment
- Oversee and challenge Business Units and Group Functions on implementation of risk frameworks.
- Establish and manage a Group Operational Risk Network for knowledge sharing and consistency.
- Provide expert guidance on local entity reporting, including KRIs and RCSAs.
- Ensure operational risk and outsourcing processes and templates are consistent across the Group.
- Support Business Units in embedding operational risk policies and frameworks effectively.
Candidate Profile
Key Capabilities:
- Executive presence with the ability to influence senior stakeholders.
- Strong leadership and people management skills, including team development and matrix leadership.
- Strategic and hands-on approach, with comfort operating in a flat, fast-paced organisational structure.
- Adaptability, strong judgement, and commercial acumen.
- Collaborative mindset with the ability to constructively challenge and build consensus.
Functional & Technical Expertise:
- PRMIA Operational Risk Management Certificate (or equivalent).
- 5–10 years’ experience in operational risk within an international, regulated environment.
- Proven experience developing and implementing risk management frameworks.
- Knowledge of Solvency II and/or Bermuda Monetary Authority regulations is a strong advantage.
- High proficiency in SAI 360 and MS Office applications (Excel, Word, PowerPoint, Visio).
Operational Risk Manager employer: Carnegie Consulting
Contact Detail:
Carnegie Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager
✨Tip Number 1
Network with professionals in the financial services sector, especially those who have experience in operational risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific operational risk frameworks and regulations mentioned in the job description, such as Solvency II. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role's requirements.
✨Tip Number 3
Prepare to discuss your leadership experiences and how you've successfully managed teams in previous roles. Highlight specific examples where you've influenced senior stakeholders or implemented strategic changes in risk management practices.
✨Tip Number 4
Showcase your adaptability and problem-solving skills by preparing case studies or scenarios that illustrate how you've navigated complex risk situations in the past. This will help you stand out as a candidate who can thrive in a fast-paced environment.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk management. Focus on your leadership roles, specific frameworks you've developed, and any compliance achievements that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, emphasise your strategic approach and ability to influence senior stakeholders. Mention specific examples of how you've successfully implemented risk management frameworks in previous roles.
Highlight Relevant Qualifications: Clearly list your qualifications, especially the PRMIA Operational Risk Management Certificate or equivalent. If you have knowledge of Solvency II or Bermuda Monetary Authority regulations, make sure to include that as well.
Showcase Leadership Skills: Demonstrate your leadership and people management skills in your application. Provide examples of how you've developed teams and led initiatives that improved operational risk practices.
How to prepare for a job interview at Carnegie Consulting
✨Showcase Your Leadership Skills
As an Operational Risk Manager, you'll need to demonstrate strong leadership abilities. Be prepared to discuss your experience in managing teams and how you've successfully led initiatives in the past. Highlight specific examples where your leadership made a significant impact.
✨Understand the Regulatory Landscape
Familiarise yourself with relevant regulations such as Solvency II and Bermuda Monetary Authority guidelines. During the interview, be ready to discuss how these regulations influence operational risk management and how you've navigated compliance in previous roles.
✨Prepare for Strategic Discussions
This role requires a strategic mindset. Think about how you can contribute to the overall risk culture and governance initiatives of the organisation. Prepare to discuss your approach to setting operational risk policies and how you would align them across various business units.
✨Demonstrate Your Technical Expertise
Be ready to showcase your technical skills, particularly in tools like SAI 360 and MS Office applications. You might be asked to provide examples of how you've used these tools to enhance operational risk frameworks or reporting processes in your previous positions.
