At a Glance
- Tasks: Manage operational risks and support the Banking Risk Management Framework for high net-worth clients.
- Company: A leading Private Bank known for premium global Wealth Management services.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to work with industry experts and grow your career in a supportive environment.
- Why this job: Join a prestigious bank and make a real impact on risk management strategies.
- Qualifications: 3-5 years in Operational Risk within Financial Services, with RCSA experience.
The predicted salary is between 60000 - 80000 £ 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 Slough 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 working alongside industry experts in a supportive environment that encourages professional growth and innovation. Located in a prestigious financial hub, we provide competitive benefits and a collaborative atmosphere that empowers our employees to excel in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager , Risk & Control , Private Banking in Slough
✨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
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills in operational risk management.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the team.
We think you need these skills to ace Operational Risk Manager , Risk & Control , Private Banking in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored 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 management and how your background makes you a perfect fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Achievements:When detailing your experience, focus on specific achievements rather than just duties. Did you improve a process or reduce risks? Quantify your successes where possible. We appreciate candidates who can demonstrate their impact!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our awesome team at StudySmarter!
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, and 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 or presentations you've created that highlight key risk themes and control weaknesses.
✨Stay Updated on Regulatory Changes
Familiarise yourself with recent regulatory changes affecting the banking sector. Be prepared to discuss how these changes impact operational risk management and what proactive steps you would take to ensure compliance. This will show that you are proactive and knowledgeable about the industry landscape.
