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For Companies At a Glance
- Tasks: Manage operational risks and implement smart, sustainable solutions.
- Company: Join a dynamic Challenger Bank in the heart of London.
- Benefits: Enjoy competitive perks and opportunities for remote work.
- Other info: Contact us via email for more details about this exciting role.
- Why this job: Be part of a team that shapes risk management and drives positive change.
- Qualifications: Previous experience in Operational Risk is preferred.
The predicted salary is between 43200 - 72000 £ per year.
About the job
Our client, a Challenger Bank, is seeking a 1st Line Operational Risk Manager to join their Operational Risk team based in London.
Responsibilities
- Work closely with stakeholders across the three lines of defence to ensure risk operates within risk appetite, through the application of appropriate mitigating controls.
- Identify areas of risk and possess strong knowledge of operational risks and controls.
- Lead in defining solutions in response to risks that are: i) smart and proportionate, ii) sustainable (e.g., automated controls over manual interventions), iii) considered (holistically addressing issues to improve the risk environment).
- Manage interdependencies to support the delivery of solutions and change initiatives in a timely and high-quality manner.
- Ensure timely delivery of MI and reporting to enable informed, risk-based decision-making.
Previous experience within Operational Risk is preferred.
1st Line Operational Risk Manager employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land 1st Line Operational Risk Manager
✨Tip Number 1
Familiarise yourself with the specific operational risks faced by Challenger Banks. Understanding the unique challenges in this sector will help you demonstrate your knowledge during interviews and discussions.
✨Tip Number 2
Network with professionals in the operational risk field, especially those working in banks. Attend industry events or webinars to connect with potential colleagues and learn about current trends and best practices.
✨Tip Number 3
Prepare to discuss real-world examples of how you've identified and mitigated operational risks in previous roles. Being able to articulate your experience will set you apart from other candidates.
✨Tip Number 4
Stay updated on regulatory changes and compliance requirements that affect operational risk management. Showing that you're proactive about industry developments can impress hiring managers.
We think you need these skills to ace 1st Line Operational Risk Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a 1st Line Operational Risk Manager. Familiarise yourself with operational risks and controls, as well as the three lines of defence model.
Tailor Your CV: Highlight your relevant experience in operational risk management. Use specific examples that demonstrate your ability to identify risks, implement controls, and lead solutions. Make sure your CV aligns with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for risk management and your understanding of the role. Mention how your skills and experiences make you a suitable candidate for the position at the Challenger Bank.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in risk management.
How to prepare for a job interview at Morgan McKinley
✨Understand the Three Lines of Defence
Familiarise yourself with the concept of the three lines of defence in risk management. Be prepared to discuss how you would collaborate with stakeholders across these lines to ensure effective risk mitigation.
✨Showcase Your Knowledge of Operational Risks
Demonstrate your understanding of operational risks and controls during the interview. Prepare examples from your previous experience where you identified risks and implemented effective controls.
✨Propose Smart Solutions
Think about innovative and sustainable solutions to operational risks. Be ready to share ideas on how to automate controls and improve the overall risk environment, showcasing your problem-solving skills.
✨Emphasise Timely Reporting and Decision-Making
Highlight your experience in delivering management information (MI) and reporting. Discuss how timely and accurate reporting can support informed, risk-based decision-making within an organisation.