Senior Operational Risk Analyst

Overview

A Second Line of Defence Senior Operational Risk Analyst position, reporting into the Operational Risk & Resilience Manager at FCE.

Responsibilities

• Review and challenge the business\’ management of Operational Risks to ensure satisfactory mitigation across the Operational Risk Taxonomy.
• Provide expertise to the First Line of Defence to aid their identification, analysis and monitoring of the key drivers of Operational Risk.
• Report findings from the output of the Operational Risk Management Framework (Risk Map, RCSA output, Operational Risk Events, Action Tracking, ICAAP, Risk Appetite, etc.) to senior management and relevant risk committees, providing actionable insights and recommendations for improvement.
• Monitor the external environment to stay informed of emerging Operational Risks and regulatory changes affecting the industry, integrating this knowledge into advisory and oversight practices.
• Serve as the main point of contact for Operational Risk subject matter expertise, providing guidance and support to all FCE locations and functions.
• Lead Second Line oversight of the Supplier Risk Management Framework including Material Outsourced Services, Critical Suppliers, Exit Plans and sub-outsourcing arrangements.
• Validate that change initiatives have appropriate risk assessments, impact analyses, and mitigation plans in place, and that these are monitored post-implementation.
• Support change initiatives being undertaken within the team (e.g., Basel 3.1).
• Develop effective working relationships with other Second Line Risk Teams (e.g., Operational Resilience, IT Security & Cyber, Compliance).

Governance

• Participate in and provide Second Line Operational risk insights to the Executive Operational Risk & Resilience Committee, Compliance Committees and other relevant governance forums.
• Lead the development and maintenance of Operational Risk Management Framework policies and procedures, aligning them with industry standards and regulatory expectations.
• Assist with the continuous improvement of governance structures and processes related to Operational Risk, ensuring they remain effective and efficient.
• Engage in the strategic planning of Operational Risk oversight, contributing to the long-term resilience and stability of FCE\’s operations.
• Support the maintenance and development of the Operational Risk Management System, GRC.

Qualifications

Minimum requirements

• Minimum of 5 years\’ demonstrable experience working in a UK Bank in a second line operational risk role.
• Exposure to operational risk types including conduct, compliance, cyber, IT.
• Proven experience in managing risk within an FCA or PRA regulatory environment.
• Demonstrated experience with risk assessment methodologies, including Risk Maps, Thematic Reviews and Opinion Papers.
• Significant expertise in implementing three lines of defence frameworks.
• Experience of developing and providing operational risk management training to the First Line of Defence, at all levels.
• Experience of risk management systems e.g. Governance, Risk & Compliance (GRC) System.
• Experience of completing Second Line controls testing.
• Bachelor\’s degree is required, in Business, Finance, Risk Management, or a related field is desirable. A Master\’s degree or professional certifications (e.g., Certified Risk Manager, Certified Business Continuity Professional) would be advantageous.

Our preferred requirements

• Resilient and adaptable, able to handle high-pressure situations and provide advice within short timescales.
• Excellent analytical and problem-solving skills, with a strong attention to detail.
• Strong communication and presentation skills, both written and verbal, including to Senior Management and Non-Exec Director Level.

Additional Information

The Company is committed to diversity and equality of opportunity for all and is opposed to any form of less favourable treatment or harassment on the grounds of race, religion or belief, sex, marriage and civil partnership, pregnancy and maternity, age, sexual orientation, gender reassignment or disability.

This position is based in Dunton, and it is expected the successful candidate will be able to attend the Dunton office for typically 4 days a week and remain flexible on the days they are required to attend the office according to business requirements.

As part of our pre-employment checks process, successful candidates will be required to undergo a criminal record check. This will be conducted in line with the Rehabilitation of Offenders Act 1974 and applied only to unspent convictions.

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