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For Companies At a Glance
- Tasks: Manage operational risk and control, ensuring compliance and developing effective solutions.
- Company: Join a small, dynamic bank in London focused on risk management and operational resilience.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth and development.
- Why this job: Make a real impact in banking by enhancing risk practices and building strong stakeholder relationships.
- Qualifications: Experience in banking or financial services with a focus on risk, controls, and compliance is essential.
- Other info: Ideal for self-starters who thrive in fast-paced, evolving environments.
Small London based bank is looking for a Risk and Control Officer, to manage 2nd line of defence (2 LOD) re operational risk and control.
Apply (by clicking the relevant button) after checking through all the related job information below.
Responsibilities
* Developing operating effectiveness control testing to ensure understanding of the control landscape and address control weaknesses within a banking environment.
* Support teams in developing new controls and processes to create lasting solutions for minimising exposure to people, conduct and operational risks.
* Embedding good risk management practices through building positive relationships with stakeholders across the three lines of defence.
* Identifying and reporting operational incidents and assurance testing to help the Bank draw up mitigating actions and/or remedial plans.
* Maintaining the Bank’s Operational Resilience monitoring and assessment processes, reporting to Senior Management to provide assurance that the Bank remains compliant with regulatory requirements.
* Creating management information for inclusion in Operational risk reporting packs, audit and compliance assurance requests, to adhere to Regulatory requirements.
* Provide cover.
You should apply if you:
* Have worked in banking / financial services, a regulated environment, with some experience and understanding of risk, controls, and/or compliance.
* Have experience within risk management, incident analysis, risk reporting and control testing.
* Have a good understanding of banking industry risk regulation/standards and practices and are keen to learn more.
* Are curious and collaborative – you’re great at asking incisive questions to pick things up, get to the bottom of problems, and act on them quickly.
* Are a communicator, able to facilitate discussions, and influence others to gather meaningful feedback and support on your work.
* Thrive when managing multiple deadlines through to completion and have excellent attention to detail.
* Are resilient and comfortable working in an evolving and challenging environment.
* Are hands-on and great at execution.
* Are a self-starter and autonomous, able to make prioritisation decisions.
(2nd line of defence (2 LOD) re operational risk and control, conduct risk, people risk, testing, reporting, regulations)
Risk & Control Officer employer: JJ Associates
Contact Detail:
JJ Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Control Officer
✨Tip Number 1
Familiarise yourself with the specific regulations and standards that govern operational risk in banking. This knowledge will not only help you understand the role better but also demonstrate your commitment to compliance during discussions with potential employers.
✨Tip Number 2
Network with professionals in the banking sector, especially those involved in risk management. Attend industry events or join relevant online forums to build connections that could lead to job opportunities or valuable insights about the role.
✨Tip Number 3
Prepare to discuss real-life examples of how you've identified and mitigated risks in previous roles. Being able to articulate your hands-on experience will set you apart and show that you can effectively contribute to the bank's risk management efforts.
✨Tip Number 4
Demonstrate your collaborative skills by preparing to discuss how you've worked with different teams to implement controls or processes. Highlighting your ability to build positive relationships will resonate well with hiring managers looking for a team player.
We think you need these skills to ace Risk & Control Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in banking and risk management. Focus on specific roles where you've dealt with operational risk, control testing, or compliance to demonstrate your suitability for the Risk & Control Officer position.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the bank. Mention how your skills align with their needs, particularly in developing controls and processes, and your ability to build relationships across different teams.
Showcase Relevant Skills: Emphasise your analytical skills and attention to detail in your application. Provide examples of how you've successfully managed multiple deadlines and tackled complex problems in previous roles.
Highlight Regulatory Knowledge: Demonstrate your understanding of banking regulations and risk management standards in your application. Mention any specific frameworks or regulations you are familiar with, as this will show your readiness to contribute effectively from day one.
How to prepare for a job interview at JJ Associates
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Risk & Control Officer does. Familiarise yourself with the responsibilities listed in the job description, especially around operational risk and control testing. This will help you articulate how your experience aligns with their needs.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific situations you've encountered in your previous roles. Prepare examples that demonstrate your experience in risk management, incident analysis, and how you've developed controls or processes. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Showcase Your Communication Skills
As a Risk & Control Officer, you'll need to build relationships across various teams. Be ready to discuss how you've effectively communicated complex information in the past. Highlight any experiences where you facilitated discussions or influenced stakeholders to support your initiatives.
✨Demonstrate Your Curiosity and Problem-Solving Skills
The bank is looking for someone who is curious and collaborative. Be prepared to discuss how you approach problem-solving and your methods for asking incisive questions. Share examples of how you've identified risks and implemented solutions in a previous role.
