At a Glance
- Tasks: Support oversight of operational risks and engage with stakeholders across the organisation.
- Company: Join Investec, a leading international bank with a culture of curiosity and innovation.
- Benefits: Enjoy a 4-day office week, remote work, and a range of wellbeing benefits.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Make a real impact by shaping bold solutions in a dynamic banking environment.
- Qualifications: Strong understanding of financial risks, data analytics skills, and excellent communication abilities.
The predicted salary is between 63000 - 77000 £ per year.
Investec - Where Out of the Ordinary Happens
At Investec, we do things differently.
We're a leading international bank and wealth manager built on a culture of curiosity, entrepreneurial spirit and human connection.
Ideas are heard, ambition is celebrated, and impact is encouraged.
As part of a team that challenges convention and strives for outperformance, you'll help shape bold solutions for clients who expect something more than the ordinary.
We are looking for an Operational Risk Manager to join our Operational Risk team within the second line of defence.
This role will support independent oversight and challenge of operational risks associated with Private and Transactional Banking products and payment services, helping ensure risks are understood, well controlled, and managed within approved risk appetite.
The role provides a great opportunity to get involved in different products and initiatives in Private Bank and engage with stakeholders across all levels in the organisation.
In particular, we are also looking for an individual who embraces AI and data analytics to introduce efficiencies, new ways of working and enhancements in the proactive identification of Operational Risks.
What will I be doing?
- Facilitation of risk assessments with business units and support functions, including full end to end transaction lifecycle reviews.
- Timely capture and review of operational risk events, with appropriate escalation and root cause trend analysis.
- Manage the scenario analysis process which feeds into the Bank's ICAAP.
- Assist in the planning and execution of thematic reviews based on external or internal events.
- Training - promote operational risk awareness and conduct training where required.
- Compile risk governance forums reports to highlight key risks and events.
- Participation in Operational Risk forums and working groups.
- Review and participate in the approval forums for new products, businesses and projects.
- Review third party services monitoring & oversight and exit strategies.
Core skills and knowledge
- Technical knowledge
- Thorough understanding of risks and controls within a financial services company. Ability to advise on appropriate controls and risk mitigation.
- Knowledge of Regulatory risks and Risk management in Financial Institutions.
- Detailed knowledge of operational risk management methodologies and principles.
- Data analytics capabilities.
- A good working knowledge of Microsoft Office (Excel, Word and Power Point).
Skills and how they are applied
- Communication - engage with a wide range of colleagues and articulately discuss / write report on various issue (verbal / written / presentation).
- Challenge - ability to challenge multiple SMEs and management on a wide range of topics and risks.
- Attention to detail - to pick up on errors and produce accurate work, with strong analytical capability.
- Organised - work to multiple deadlines yet maintain flexibility through the workday.
- Strong interpersonal and relationship management skills.
- To act with integrity at all times and embrace the philosophy of treating our customers fairly.
As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.
We believe that being together enables us to live our values and support our clients and communities in an extraordinary way.
Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.
You can find a list of our benefits here.
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Operational Risk Manager (13783) employer: Investec
Investec is an excellent employer that prioritises employee wellbeing and fosters a diverse and inclusive work culture. With a hybrid working model, employees enjoy the flexibility of remote work while benefiting from a collaborative office environment. The company offers numerous opportunities for professional growth and development, making it a rewarding place for those seeking meaningful employment.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager (13783)
✨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 Investec. 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 (13783)
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 Investec.
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 Investec'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 Investec
✨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 Investec.
✨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 Investec 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 Investec 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.
