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- Tasks: Lead and manage operational risk policies and ensure compliance with regulations.
- Company: Join a dynamic London-based firm focused on operational excellence and risk management.
- Benefits: Enjoy a 12-month fixed-term contract with opportunities for professional growth.
- Why this job: Make a real impact by shaping risk management strategies in a collaborative environment.
- Qualifications: Proven experience in operational risk management and strong analytical skills required.
- Other info: Engage with industry seminars and stay ahead of regulatory changes.
The predicted salary is between 43200 - 72000 £ per year.
Our London-based client is seeking a Head of Operational Risk Management for a 12-month Fixed-Term Contract.
**Operational Risk Responsibilities:**
– Own and review Operational Risk Management Policies, including outsourcing and third-party risk management, and business continuity, ensuring compliance with regulatory requirements and group policies.
– Provide second-line review and challenge for risk and control self-assessment, process notes, and business continuity plans.
– Prepare and present regular reports to management, the board, regulators, and the group as necessary.
– Compute operational risk capital for ICAAP.
– Stay updated on regulatory changes and actively participate in industry seminars, webinars, and training sessions.
– Exercise oversight and control over operational risk activities.
– Collaborate closely with the parent bank.
**Information Security (IS) Risk Responsibilities:**
– Periodically review the Information Security Risk Management Framework to align with the group’s plan.
– Ensure oversight and adherence to the Information Security Group Annual Plan.
– Manage the service level agreement with the group regarding information security.
– Deliver regular reports to management, the board, regulators, and the group as needed.
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Head of Operational Risk Management employer: LWB Recruitment
Contact Detail:
LWB Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Operational Risk Management
✨Tip Number 1
Familiarize yourself with the latest regulatory requirements and industry standards related to operational risk management. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the operational risk management space, especially those who have experience in similar roles. Attend industry seminars and webinars to build connections and gain insights that could be beneficial during the application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed operational risks in previous roles. Highlight your experience with compliance, third-party risk management, and business continuity plans to showcase your expertise.
✨Tip Number 4
Demonstrate your ability to communicate complex risk concepts clearly and effectively. Practice presenting your ideas and reports, as strong communication skills are crucial for this role, especially when dealing with management and regulators.
We think you need these skills to ace Head of Operational Risk Management
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities of the Head of Operational Risk Management. Tailor your application to highlight your experience in operational risk management, compliance, and reporting.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous roles that involved managing operational risks, compliance with regulatory requirements, and preparing reports for management and boards. Use specific examples to demonstrate your expertise.
Showcase Communication Skills: Since the role involves presenting reports to various stakeholders, make sure to showcase your strong communication skills. Mention any experience you have in delivering presentations or reports to senior management or regulatory bodies.
Stay Updated on Regulations: Demonstrate your knowledge of current regulatory changes and industry standards in your application. Mention any relevant seminars, webinars, or training sessions you have attended that relate to operational risk and information security.
How to prepare for a job interview at LWB Recruitment
✨Understand Operational Risk Management Policies
Make sure you have a solid grasp of the operational risk management policies relevant to the role. Be prepared to discuss how you would review and ensure compliance with these policies, especially regarding outsourcing and third-party risk management.
✨Prepare for Reporting Scenarios
Since you'll need to prepare and present reports to various stakeholders, practice summarizing complex information clearly and concisely. Think about how you would communicate operational risk capital computations and other key metrics to management and regulators.
✨Stay Updated on Regulatory Changes
Demonstrate your commitment to staying informed about regulatory changes in operational risk management. Mention any recent seminars or training sessions you've attended and how they could impact the role you're applying for.
✨Showcase Collaboration Skills
Highlight your experience in collaborating with different teams, especially in a banking environment. Be ready to provide examples of how you've worked closely with parent banks or other departments to manage operational and information security risks.
