Operational Risk Officer

Role Overview:

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