At a Glance
- Tasks: Manage operational risks and support the Banking Risk Management Framework.
- Company: A leading Private Bank focused on high net-worth clients.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to work with senior stakeholders and develop your career in finance.
- Why this job: Join a premium brand and make a real impact in risk management.
- Qualifications: 3-5 years in Operational Risk, with strong understanding of RCSA processes.
The predicted salary is between 60000 - 75000 £ per year.
The Company: A leading Private Bank with a focus on servicing and advising high net-worth private clients and is a premium brand in global Wealth Management.
The Role: The Operational Risk Manager will be responsible for supporting and maintaining the Banking Risk Management Framework to ensure all risks are identified, monitored, managed, reported and, where necessary, mitigated. Support the Head of Operational Risk with the application of the Internal Control Framework (ICF) and the Banking Risk Management Framework, acting as a trusted adviser to Local Risk Owners and stakeholders to ensure risks are consistently identified, assessed, monitored and managed in line with the Bank's Risk Policy and defined risk appetite.
The Operational Risk Manager will assist with the completion of the annual Risk and Control Self‐Assessment (RCSA), ensuring effective identification of key risks, control gaps and remediation actions across the business. Manage related action identification, creation and remediation. Manage the Bank's Control Plan using a risk‐based approach to reflect the current operational risk environment, business activities and risk appetite. Manage the Bank's use of the Group control reporting system, providing guidance and support to Control Owners and Performers to ensure accurate, timely and consistent risk and control data.
The Operational Risk Manager will coordinate quarterly internal controls assessments and reporting, providing independent challenge and oversight to ensure the adequacy and effectiveness of the control environment. Maintain oversight of Global Control applications, perform key control reviews and ensure timely updates to reflect regulatory changes, new products, business initiatives and updated policies and procedures.
The Operational Risk Manager will oversee the monitoring, assessment, coordination and periodic reporting of operational incidents and near misses, performing periodic look back reviews to identify trends for the business to manage. Produce clear, insightful and timely Operational Risk reports tailored to relevant stakeholders, including Executive Risk Committee and Risk & Audit Committee, highlighting key risk themes, emerging risks and control weaknesses. Manage network of Risk SME catch-ups across the Private Banking business with a view to collating and sharing relevant information and risk topics. Maintain Operational Risk related policies, standards and procedures, ensuring these are reviewed at least annually and updated as required to remain compliant with regulatory expectations and industry best practice.
The Operational Risk Manager will Deputise for the Head of Operational Risk at governance forums and committees, providing expert input and independent challenge where required.
Candidate: 3-5 years experience in an Operational Risk role within Financial Services – Ideally Banking. Must have experience of Risk & Control Self Assessment processes (RCSA) and having been held accountable for this process. A strong understanding of Internal Control frameworks. Experience of regional offices would be helpful. Articulate and Commercially focussed.
Operational Risk Manager , Risk & Control , Private Banking in London employer: JJ SEARCH LIMITED
As a leading Private Bank, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and well-being. Our Operational Risk Manager role offers the opportunity to engage with high net-worth clients while contributing to a robust Banking Risk Management Framework, ensuring that our team members are equipped with the tools and support needed for professional growth. Located in a vibrant financial hub, we provide competitive benefits and a collaborative environment that encourages innovation and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager , Risk & Control , Private Banking in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in operational risk. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Risk & Control Self-Assessment processes. Be ready to discuss how you've tackled similar challenges in the past – real-life examples go a long way!
✨Tip Number 3
Showcase your understanding of Internal Control frameworks during interviews. Make sure you can explain how these frameworks apply to the role and how you’ve used them to mitigate risks in previous positions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Operational Risk Manager , Risk & Control , Private Banking in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the Operational Risk Manager role. Highlight your experience in Risk & Control Self-Assessment processes and any relevant banking experience. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about operational risk and how you can contribute to our team. Be sure to mention your understanding of Internal Control frameworks and your ability to manage risks effectively.
Showcase Relevant Experience:In your application, don’t just list your past jobs. Instead, share specific examples of how you've identified, assessed, and managed risks in previous roles. We love seeing real-life applications of your skills!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at JJ SEARCH LIMITED
✨Know Your Risk Frameworks
Make sure you brush up on the Banking Risk Management Framework and Internal Control Framework. Be ready to discuss how you've applied these in your previous roles, especially in relation to Risk and Control Self-Assessments (RCSA). This shows you’re not just familiar with the concepts but can also implement them effectively.
✨Prepare for Scenario Questions
Expect questions that ask you to describe how you would handle specific operational risk scenarios. Think of examples from your past experience where you identified, assessed, or mitigated risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Showcase Your Communication Skills
As an Operational Risk Manager, you'll need to communicate complex risk information to various stakeholders. Prepare to demonstrate your ability to produce clear and insightful reports. Bring examples of reports you've created in the past, and be ready to explain how you tailored them for different audiences.
✨Stay Updated on Regulatory Changes
The financial services landscape is always changing, so it’s crucial to stay informed about the latest regulatory updates and industry best practices. Be prepared to discuss recent changes and how they might impact operational risk management. This will show your commitment to maintaining compliance and your proactive approach to risk management.
