At a Glance
- Tasks: Support the Operational Risk team in managing and reporting operational risks effectively.
- Company: Join an award-winning UK bank committed to growth and employee wellbeing.
- Benefits: Enjoy flexible hybrid working, generous holiday allowance, and exclusive employee discounts.
- Other info: We welcome diverse applicants and offer adjustments for those with disabilities.
- Why this job: Be part of a friendly, inclusive culture that values your potential and contributions.
- Qualifications: Experience in financial services and knowledge of operational risk frameworks are essential.
The predicted salary is between 36000 - 60000 £ per year.
A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK and, working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. If you’re an experienced Operational Risk Reporting and Assurance Manager looking for an opportunity to grow in a friendly environment, we’re looking for you!
We’re flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential. Let’s grow together …
What you’ll be doing
- Support the Operational Risk team in the discharge of its duties and provide continuous guidance to line management and individual business areas with the identification, measurement, monitoring and effective management of operational risk via the completion of Risk and Control Self-Assessment (RCSA’s)
- Provide continuous oversight and challenge in respect of operational risk events to ensure information is accurately documented, appropriate actions have been considered and that supporting evidence is verified ahead of an event being closed
- Assist in the ongoing embedding and continual enhancement of all aspects of the Operational Risk Management Framework (ORMF)
- Help to embed operational risk awareness across the Group’s first line through active stakeholder management, engagement and technical support
- Undertaking control oversight activities in respect of management systems and other first line operated controls and testing
- Review and appropriately challenge sources of risk MI to ensure timely and accurate reporting to relevant internal Risk Committees
- Review and analysis of operational loss data (both internal and external) to ensure timely identification of trends and themes
- Co-ordinate operational risk input to risk committees on the Group’s risk profile, control infrastructure, control weaknesses and remedial action plans
- Support the Operational Risk ICAAP process
About You
What you’ll bring to the team
- Previous experience of working within Financial Services, ideally within both first and second line risk management roles
- Knowledge of operational risk frameworks, including tools, techniques and practice for managing operational risk in a financial services organisation
- Ability to create strong business relationships with internal stakeholders at all levels, including senior management
- Ability to understand the business strategy and articulate the link to operational risk
- Strong negotiation, influencing and leadership skills
- Ability to work unsupervised within a team framework
- Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure
- Strong analytical skills
- Strong communication skills with the ability to interact with all levels of the business
Even if you don’t meet all the criteria,we encourage you to apply. At Paragon, we value diversity, and we’re excited to hear from passionate individuals like you! If you’re ready to contribute to the team, please apply.
Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page.
Working hours
We operate hybrid working on the team, splitting our week between two days in the Solihull office and home working. Core working hours are between 8:30am and 5pm, Monday to Friday.
Inclusion
As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone. If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team .
About Us
What can we offer you?
- Generous Holiday Allowance: Starting from 25 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year’s Eve. You can also buy or sell up to a week’s leave
- Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate
- Profit Related Pay: We share some of our annual profit with our eligible employees
- Pension Plan: We contribute up to 10% of your annual salary towards your pension
- Family Friendly policies : We offer enhanced parental pay and paid time off for fertility treatment
- Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more
- Volunteering Day: Contribute to causes you care about with one volunteering day per year
- Life Assurance and Personal Accident Cover
Be flexible
We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home.
Be yourself
As an equal opportunities employer, we welcome diversity and care about inclusion. That’s why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.
Be heard
We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.
Be well
We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.
Be better
We want you to reach your potential and, as a Platinum Investors in People employer, we’ll encourage you to learn and develop by building a personalised development plan together with your manager.
#J-18808-LjbffrOperational Risk Oversight Manager employer: Paragon Bank
As a Platinum Investors in People employer, we pride ourselves on fostering a supportive and inclusive work culture that prioritises employee wellbeing and growth. Located in Solihull, our hybrid working model allows for flexibility, while our generous benefits package, including a substantial holiday allowance and opportunities for professional development, ensures that you can thrive both personally and professionally. Join us to be part of a team that values diversity and encourages you to reach your full potential.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Oversight Manager
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Paragon Bank. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Paragon Bank.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Paragon Bank. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Operational Risk Oversight Manager
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Paragon Bank and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Paragon Bank how you can be a team player!
How to prepare for a job interview at Paragon Bank
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Paragon Bank.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Paragon Bank's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
