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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 competitive pay, training opportunities, and a collaborative work environment.
- Why this job: Make a real impact by enhancing operational risk strategies in a dynamic setting.
- Qualifications: Strong knowledge of operational risk frameworks and banking structures required.
- Other info: Ideal for those passionate about finance and risk management.
The predicted salary is between 43200 - 72000 £ per year.
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.
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. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the 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 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 real-world scenarios will set you apart during the interview process.
✨Tip Number 4
Showcase your understanding of fraud risk management and how it integrates with operational risk. Highlighting this knowledge can make you a more attractive candidate for the Operational Risk Officer position.
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 Operational Risk Framework and the key skills required for the position.
Tailor Your CV: Customise your CV to highlight relevant experience in operational risk management, compliance, and banking structures. Use specific examples that demonstrate your knowledge of OR frameworks and regulatory compliance.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying and how your skills align with the job requirements. Mention your understanding of risk assessment and your ability to challenge existing controls.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Europe Arab Bank
✨Know Your Operational Risk Frameworks
Make sure you have a solid understanding of various Operational Risk Frameworks. Be prepared to discuss how these frameworks apply to the banking sector and how they can mitigate risks effectively.
✨Demonstrate Your Analytical Skills
During the interview, showcase your ability to assess and challenge existing OR controls. Prepare examples of how you've identified risks in previous roles and the steps you took to address them.
✨Stay Updated on Regulatory Changes
Familiarise yourself with the latest regulations affecting operational risk and compliance. Be ready to discuss recent changes and how they impact the role of an Operational Risk Officer.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that test your problem-solving skills. Think about potential risk events and how you would handle them, including your approach to reporting breaches and ensuring compliance.
