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- Tasks: Support the Head of Operational Risk by overseeing controls and ensuring compliance.
- Company: Join a leading bank focused on risk management and regulatory compliance.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team that shapes the future of banking and enhances operational safety.
- Qualifications: Strong knowledge of operational risk frameworks and banking structures is essential.
- Other info: Ideal for those passionate about finance and risk management in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
Supports the Head of Operational Risk in implementing the Operational Risk (OR) Framework, overseeing OR controls, and ensuring compliance with regulatory requirements.
Key Responsibilities:
- Oversight: Ensures OR controls mitigate risks, prepares risk reports, coordinates the Operational Risk Committee, conducts independent control testing, and reviews SOPs.
- Challenge: Assesses new/existing OR controls, identifies risks, reviews event reports, and challenges risk assessments.
- Coordination: Maintains OR and Fraud Policies, oversees the Bank’s Fraud Risk Management, and educates staff on OR matters.
- Risk & Regulatory Compliance: Stays updated on regulations, reports breaches, and ensures compliance.
- Training & Conduct: Completes mandatory training and adheres to FCA/PRA Code of Conduct.
Skills & Experience:
- Strong knowledge of OR Frameworks, banking structures, products, and risk management.
- Understanding of transaction processing, control frameworks, accounting, and regulatory developments.
Operational Risk Officer employer: Europe Arab Bank
Contact Detail:
Europe Arab Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Officer
✨Tip Number 1
Familiarise yourself with the latest Operational Risk Frameworks and regulatory requirements in the banking sector. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated in your field.
✨Tip Number 2
Network with professionals in the banking and risk management sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and mitigated risks in previous roles. Being able to articulate your experience with operational risk controls will set you apart during interviews.
✨Tip Number 4
Showcase your understanding of fraud risk management and compliance by discussing any relevant training or certifications you have completed. This will highlight your proactive approach to professional development and your suitability for the role.
We think you need these skills to ace Operational Risk Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Operational Risk Officer. Familiarise yourself with the key tasks mentioned in the job description, such as overseeing OR controls and ensuring compliance with regulatory requirements.
Tailor Your CV: Highlight your relevant experience and skills that align with the job description. Emphasise your knowledge of Operational Risk Frameworks, banking structures, and risk management practices. Use specific examples to demonstrate your expertise.
Craft a Compelling Cover Letter: Write a cover letter that addresses why you are a good fit for the role. Mention your understanding of the Operational Risk Framework and how your background prepares you to support the Head of Operational Risk effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Operational Risk Officer.
How to prepare for a job interview at Europe Arab Bank
✨Understand the Operational Risk Framework
Make sure you have a solid grasp of the Operational Risk Framework and its components. Be prepared to discuss how you would implement and oversee OR controls, as well as your understanding of regulatory requirements.
✨Showcase Your Analytical Skills
Highlight your ability to assess risks and challenge existing controls. Prepare examples from your past experience where you identified risks or improved processes, as this will demonstrate your analytical capabilities.
✨Familiarise Yourself with Regulatory Compliance
Stay updated on current regulations relevant to operational risk in banking. Be ready to discuss how you would ensure compliance and report breaches, as this is a critical aspect of the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that test your problem-solving skills in real-world situations. Think about how you would handle specific challenges related to operational risk and fraud management.
