Operational Risk Manager in Slough

Operational Risk Manager in Slough

Slough Full-Time 49500 - 60500 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Manage operational risk and enhance processes in a dynamic banking environment.
  • Company: FirstBank UK, a top-tier bank with a rich heritage and global recognition.
  • Benefits: Generous pension contributions, private medical insurance, gym subsidies, and 25+ days annual leave.
  • Other info: Hybrid role with excellent career growth and a supportive work culture.
  • Why this job: Join a leading bank and make a real impact on risk management strategies.
  • Qualifications: Proven operational risk experience in banking and strong analytical skills.

The predicted salary is between 49500 - 60500 £ per year.

First Bank UK is a globally recognised, top-tier bank who provide world-class services to various institutions and individuals.

Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers in over 700 business locations is the oldest African bank in the UK.

Due to business requirements we are now looking to acquire the services of an experienced Operational Risk Manager to support the business, management and oversight of operational risk within the Bank from a second-line perspective.

Please note that this is a hybrid role with 3 days in the office and 2 days working from home

Key Responsibilities

  • Support the Head of Operational Risk within second line of defence (2LOD) in the day-to-day management of operational risk and its ongoing enhancement.
  • Undertake and document Control Assurance Testing (CAT) linked to RCSAs & risk events.
  • Co-ordinate, monitor, and report on a framework of Key Risk Indicators (KRIs) for the Bank.
  • Assist the first line of defense in the preparation and documentation of their Risk and Control Assessments (RCAs) for all areas within the Bank and transition to being a strong second line challenger of first line of defence’s outputs.
  • Assist the first line of defence (1LOD) with the investigation of Risk Events and preparation of reports.
  • Maintain both the risk event and risk issues logs, monitoring progress and escalating as required.
  • Compile meaningful monthly MI reporting and packs for the Risk Management Committees which provide solid conclusions, analysis and messages to support sound risk management decisions.
  • Influence and monitor progress of action plans to improve the risk and control environment arising from internal and external risk events, risk issues, RCSAs, risk monitoring, internal and external audits, and regulatory inspections and ensure remediation measures are supported, challenged, fit for purpose and proportionate.
  • Investigate and escalate breaches or risks of foreseeable harm via the risk events process, KRIs an other outputs of the ORMF.
  • Give quality advice, guidance, training and independent and credible views of the operational risk profile to the business lines.

Key Skills/Experience

  • Strong, proven operational risk experience within banking and/or financial services.
  • Previous experience in a similar operational risk management role.
  • Experience of execution of operational risk management processes.
  • Strong quantitative & qualitative analytical skillset including excellent attention to detail & strong Excel skills.
  • Experience providing solid challenge to 1LOD with regard to risk identification, assessment and mitigation.
  • Excellent senior stakeholder management experience.
  • Excellent time management skills in order to meet agreed deadlines.
  • Knowledge of GRC tools, their implementation and maintenance would be advantageous.

In return we offer a fantastic benefits package including

  • Up to 10% employer pension contribution
  • Life Assurance Cover
  • Income protection
  • Private Medical Insurance plan (upon successful completion of probation period)
  • Contribution to glasses/contacts and eye testing
  • Gym subsidy (up to £50 per month)
  • Cycle to work scheme
  • Employee Assistance Program
  • Interest Free season ticket loan for travel
  • Birthday Leave
  • 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service
  • Give As You Earn (GAYE)

First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

The Curve Group is First Bank UK’s outsource partner for Recruitment and a \"Data Processor\".

The Curve Group will hold the information you submit but First Bank UK will have access to it.

You can find their privacy policy here

Operational Risk Manager in Slough employer: FirstBank UK Limited

FirstBank UK is an exceptional employer, offering a dynamic work environment that fosters professional growth and development. With a strong commitment to employee well-being, the bank provides an impressive benefits package, including generous pension contributions, private medical insurance, and a supportive hybrid work model. Located in the heart of the UK, employees enjoy a collaborative culture that values diversity and inclusion, making it a rewarding place to build a meaningful career in the financial services sector.

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Contact Details:

FirstBank UK Limited Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Operational Risk Manager in Slough

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like FirstBank UK Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Operational Risk Manager in Slough

Operational Risk Management
Control Assurance Testing (CAT)
Key Risk Indicators (KRIs)
Risk and Control Assessments (RCAs)
Risk Event Investigation
Management Information (MI) Reporting
Stakeholder Management

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to FirstBank UK Limited.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on FirstBank UK Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at FirstBank UK Limited

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with FirstBank UK Limited.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at FirstBank UK Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former FirstBank UK Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.