At a Glance
- Tasks: Support risk identification, control testing, and improvement activities in a dynamic operations environment.
- Company: Join a forward-thinking financial services group committed to diversity and inclusion.
- Benefits: Competitive salary, hybrid working, annual bonus, and family-focused benefits.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Be part of a transformative team enhancing risk management and control frameworks.
- Qualifications: Experience in operational risk and control testing within financial services is essential.
The predicted salary is between 34000 - 40000 € per year.
About the team
The Operations Assurance Development team sits within the 1.5 Line of Defence and supports the ongoing development and oversight of the first line control environment across Operations. The team works closely with operational areas to help ensure risks and controls are understood, appropriately managed and aligned to regulatory and business expectations. The function consists of five officers reporting into the Senior Operations Assurance Development Manager, supporting activities including control testing, assurance reviews and wider risk and control improvement activity. Working alongside Operations and Risk teams, the function helps promote a strong and consistent control environment.
What you will be doing?
In this brand new role, you will have the opportunity to support the strengthening of the 1st line control environment through independent risk identification and assessment, control testing and assessing control effectiveness (operating or design), establishing root cause of control failures and assisting in establishing action management plans when risks and controls are outside of the Group’s Operational Risk appetite. You will work closely with Operational Risk and the Operational teams to ensure risks are appropriately identified, managed and controlled in line with the Group Risk Management Framework and risk appetite. Joining The Group and team at an exciting point of transformation you will be able to support the creation of effective control design and increasing use of automated and system‑enabled controls.
Your responsibilities will include…
- Risk Assessment & Control Testing: Conducting Risk assessments across Group Operations to establish inherent and residual risk ratings. Assessing control design and operating effectiveness, identifying whether controls are appropriately designed and operating as intended to mitigate risk. Performing testing of material controls, operated within the first line of defence, in line with Provision 29 requirements.
- Action Management Oversight: Supporting the review of action management plans to ensure actions address the underlying root cause of issues. Monitoring progress of open actions and support timely completion.
- Risk Reporting: Supporting the preparation of MI relating to control testing outcomes, risk events and remediation activity. Contributing to thematic analysis across control testing results and risk events.
- Stakeholder Engagement: Working collaboratively with operational teams to promote strong risk management practices. Providing constructive challenge while maintaining a supportive and solutions-focused approach.
What's in it for you?
We offer a base salary of £34,000-£40,000 dependent on experience location and a competitive benefits package including:
- Enhanced family-focused benefits
- Hybrid-working (3 days per week in the office, 2 days at home)
- Annual bonus opportunity
Do you have the skills?
Previous experience in Operational Risk, roles within financial services is essential. Previous experience in conducting control testing in 1LoD is essential. Strong understanding of risk and control frameworks such as RCSA, control testing and risk event management is essential. Ability to demonstrate positive working relationships with key stakeholders is essential.
Diversity, Equity & Inclusion
Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally. We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.
Operations Risk & Control Assurance Officer in Wolverhampton employer: OneSavings Bank Plc
At OSB, we pride ourselves on being an excellent employer, offering a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through our comprehensive training programmes and the opportunity to engage in meaningful projects that shape the future of our operations. With a competitive salary, enhanced family-focused benefits, and a hybrid working model, we ensure our team members enjoy a healthy work-life balance while contributing to a strong culture of diversity, equity, and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Operations Risk & Control Assurance Officer in Wolverhampton
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in operations risk and control. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks and control testing. We recommend practising common interview questions and scenarios related to operational risk to show you’re ready to tackle the role.
✨Tip Number 3
Showcase your problem-solving skills! Be ready to discuss how you've identified risks and implemented controls in past roles. Real-life examples will make you stand out as a candidate who can hit the ground running.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Operations Risk & Control Assurance Officer in Wolverhampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Operations Risk & Control Assurance Officer. Highlight your experience in operational risk and control testing, and don’t forget to mention any relevant frameworks you’ve worked with!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about risk management and how your skills align with our team’s goals. Keep it concise but impactful!
Showcase Your Stakeholder Engagement Skills:Since this role involves working closely with various teams, make sure to highlight your ability to build positive relationships. Share examples of how you've successfully collaborated with stakeholders in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at OneSavings Bank Plc
✨Know Your Risk Frameworks
Make sure you brush up on your understanding of risk and control frameworks like RCSA. Being able to discuss these concepts confidently will show that you’re not just familiar with the terminology, but that you can apply it in real-world scenarios.
✨Prepare for Control Testing Questions
Since control testing is a key part of the role, be ready to explain your previous experiences with it. Think of specific examples where you assessed control effectiveness or identified root causes of control failures. This will demonstrate your hands-on experience and analytical skills.
✨Engage with Stakeholders
Highlight your ability to build positive relationships with stakeholders. Prepare examples of how you've collaborated with operational teams in the past, and be ready to discuss how you can promote strong risk management practices while providing constructive challenges.
✨Show Your Problem-Solving Skills
The role involves action management oversight, so be prepared to talk about how you’ve tackled issues in the past. Discuss your approach to developing action management plans and how you ensure timely completion of open actions. This will showcase your proactive mindset and commitment to improvement.
