Assistant Vice President – First Line Operational Risk & Controls
London | Investment Banking Operations
We are recruiting an experienced First Line Operational Risk & Controls Manager to join a major Financial Services organisation in London.
This role sits within Markets and Securities Operations and will provide risk and control oversight across a range of investment banking operational processes.
We are looking for someone with strong front-to-back operational knowledge who can identify emerging risks, assess the effectiveness of controls and work with Operations and wider stakeholders to strengthen the control environment.
Key Responsibilities
- Support the implementation and maintenance of the First Line Risk & Control framework
- Identify, assess and monitor operational risks and associated controls
- Maintain risk and control inventories and support periodic control reviews
- Perform control assessments and gap analysis, identifying weaknesses and recommending improvements
- Monitor operational risk indicators, trends and control effectiveness
- Produce management information, KRIs, KPIs and governance reporting
- Support RCSA, control testing and risk assessment activity
- Investigate operational incidents, exceptions, audit findings and control failures
- Undertake root-cause analysis and track remediation activity
- Manage and monitor issues, actions and risk remediation plans
- Support internal/external audits and regulatory information requests
- Partner with Operations, Technology, Compliance, Operational Risk and Change teams
- Promote proactive risk identification, escalation and a strong control culture
About You
The successful candidate should have:
- Strong front-to-back understanding of investment banking operational flows
- Experience within First Line Risk & Control, Operations Risk or a comparable control environment
- Experience of issue management, control assurance/testing and incident management
- Strong understanding of operational risk and control principles
- Experience producing and analysing KRIs/KPIs
- Knowledge of the RCSA process
- Strong analytical and problem-solving capability
- Excellent stakeholder management skills
Knowledge or experience across one or more of the following would be particularly valuable:
- Securities
- Derivatives
- Collateral Management
- Settlements
- Asset Servicing
- OTC Confirmations
- Tri-party / Funding
- Reconciliations and reconciliation first principles
This is an excellent opportunity for an Operations professional with strong product knowledge and a genuine risk and control mindset to take on a broad first-line controls role within a sophisticated markets environment.
Operational Risk Manager - (AVP) in City of London employer: dnevo Partners
As a leading player in the Financial Services sector, our company offers an exceptional work environment in London, where innovation and operational excellence are at the forefront. We pride ourselves on fostering a collaborative culture that encourages professional growth through continuous learning and development opportunities, while also providing competitive benefits and a commitment to work-life balance. Join us to be part of a dynamic team that values your contributions and empowers you to drive meaningful change within the organisation.
