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- Tasks: Lead a team to enhance the Bank's Operational Risk strategy and framework.
- Company: A leading bank focused on sustainable operational risk management.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Make a significant impact on the Bank's operational risk culture and practices.
- Qualifications: Experience in operational risk management and strong leadership skills.
- Other info: Join a forward-thinking team dedicated to innovation and best practices.
The predicted salary is between 43200 - 72000 £ per year.
Background
The purpose of this role is two-fold. Firstly, to lead a team of Operational Risk (‘OpRisk’) professionals to enhance and continually develop the Operational Risk vision and strategy for the Bank to ensure it is sustainable and remains fit for purpose. Secondly, to develop, drive, maintain and provide oversight of an institutional wide Operational Risk Framework for the Bank, that is both efficient and effective. This consists of a network of policies, processes, procedures, reports and responsibilities that are used to monitor and manage the operational risks of the Bank. The Head of Operational Risk role will be the primary person responsible for ensuring the Bank has an active and robust operational risk management approach. Operational Risk is a business-critical component for the Bank’s three lines of defence model and is regarded as a core & essential competence by stakeholders, rating agencies, clients, counterparties and other interested parties and impacts all aspects of the Bank’s critical operations. The Head of Operational risk is tasked with ensuring the Bank’s approach to Operational Risk is in accordance with good practice and aligns with the needs of the Bank. The role is based in the second line of defence, providing independent oversight of the risks identified and managed by the business. It involves embedding the OpRisk framework and practices into the Bank’s operations and developing plans and strategies to ensure OpRisk culture is continually improved, through the innovative use of technology and aligning with external good practice.
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Head of Operational Risk employer: European Bank for Reconstruction and Development
Contact Detail:
European Bank for Reconstruction and Development Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Operational Risk
✨Tip Number 1
Network like a pro! Reach out to professionals in the operational risk field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of operational risk frameworks and best practices. We recommend creating a cheat sheet of key concepts and examples to showcase your expertise when it counts.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. We suggest using our website to find roles that truly resonate with you, making your application stand out even more.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We believe this small gesture shows your enthusiasm and professionalism, which is crucial in the competitive world of operational risk.
We think you need these skills to ace Head of Operational Risk
Some tips for your application 🫡
Show Your Passion for Operational Risk: When writing your application, let us see your enthusiasm for operational risk management. Share specific examples of how you've led teams or developed strategies in this area. We want to know what drives you!
Tailor Your CV and Cover Letter: Make sure your CV and cover letter are tailored to the Head of Operational Risk role. Highlight relevant experience and skills that align with our vision and strategy. We love seeing candidates who take the time to personalise their applications!
Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon unless it's necessary. We appreciate when candidates can communicate complex ideas simply and effectively.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at European Bank for Reconstruction and Development
✨Know Your Operational Risk Framework
Make sure you have a solid understanding of operational risk frameworks and how they apply to the banking sector. Be prepared to discuss specific examples of frameworks you've developed or improved in previous roles, as this will show your expertise and readiness for the position.
✨Showcase Leadership Skills
As the Head of Operational Risk, you'll be leading a team. Highlight your leadership experience by sharing stories of how you've successfully managed teams, driven change, or improved processes. This will demonstrate your ability to inspire and guide others in the field of operational risk.
✨Emphasise Innovation and Technology
The role requires an innovative approach to embedding operational risk practices. Be ready to discuss how you've used technology to enhance risk management processes in the past. This could include tools you've implemented or new methodologies you've introduced that align with best practices.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about potential operational risks a bank might face and how you would address them. This preparation will help you articulate your thought process and decision-making abilities during the interview.
