At a Glance
- Tasks: Help develop and maintain the bank's operational risk management framework and support risk awareness.
- Company: Join a fully regulated UK digital bank with a growing customer base.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team culture with genuine second-line ownership and career advancement opportunities.
- Why this job: Make a real impact in a fast-paced environment while enhancing your risk management skills.
- Qualifications: Experience in operational risk or related assurance roles, ideally in banking or fintech.
The predicted salary is between 63000 - 77000 £ per year.
Referment is working with a fully regulated UK digital bank on its search for an Operational Risk Analyst. The bank serves retail customers through an app-based current account, savings and lending products, and is backed by long-term investors with a growing customer base. The role sits in the second line of defence, reporting to the Operational Risk Manager, with one position available based in London or Manchester.
The Role
- You’ll help develop and maintain the bank's Operational Risk Management Framework and support a culture of risk awareness across the business.
- Working as second-line oversight, you’ll advise and constructively challenge teams on how they identify, assess, monitor and report their operational risks.
- Support business areas in identifying and assessing operational risks and maintaining effective controls.
- Conduct risk assessments and reviews, identify control weaknesses and recommend practical improvements.
- Develop, maintain and implement operational risk policies and procedures.
- Oversee and challenge the risk and control self-assessment (RCSA) process, including risk assessments, controls and action plans.
- Coordinate the risk events and issues process, ensuring accurate records, clear ownership of actions and monitored progress.
- Review risk events to identify recurring themes and underlying causes, and opportunities to prevent similar incidents.
- Test and monitor controls to assess whether they are appropriately designed and operating effectively.
- Develop and monitor key risk indicators, escalating emerging concerns.
- Prepare management information and monthly and quarterly reporting on risk events, losses and trends for senior management and the Board.
- Provide second-line advice and challenge on projects, new products and features.
What We're Looking For
- You’ll bring relevant experience in operational risk, risk management, internal controls or a related assurance role, ideally gained in banking or financial services.
- You should understand operational risk frameworks and the respective responsibilities of the first and second lines of defence, and be familiar with RCSAs, risk events, issues management and key risk indicators.
- You’ll need strong analytical skills in interpreting data, spotting trends and turning findings into practical recommendations, plus the ability to document control assessments and prepare clear reporting for audiences up to Board level.
- Clear communication and the confidence to ask questions and provide constructive challenge matter, as does the independence of judgement to oversee risk while working collaboratively across teams.
- Awareness of the UK regulatory environment for banks is important, and good attention to detail and organisation will help you manage competing priorities against reporting deadlines.
This could suit an operational risk or assurance professional from a UK bank or fintech looking for genuine second-line ownership in a smaller, fast-moving organisation.
Operational Risk Analyst (B95B8B5) in London employer: Referment
Referment is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Finance Director, you will not only lead the finance function but also play a pivotal role in shaping the company's growth trajectory, with ample opportunities for professional development and advancement. Located in a vibrant B2B technology hub, the company provides a supportive environment where your contributions are valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Analyst (B95B8B5) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Referment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Operational Risk Analyst (B95B8B5) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Referment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Referment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Referment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Referment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Referment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Referment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
