Associate – Operational Risk (1LoD) | SCIB | S2

Country: United Kingdom

Interested in part-time, job-share or flexible working? We want to talk to you!

Join our community. Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.

The SCIB UK Operational Risk Team evidence the Operational Risk Management Framework and support the Branch’s identification, assessment, management and reporting of operational risk. In this interesting role, you’ll help evidence the embedding of the Operational Risk Framework in the 1st Line of Defence and support Operational Risk Governance. You’ll focus on the execution of the Operational Risk programmes including Risk and Control Self Assessments (RCSAs), Metrics, Operational Risk Event Management and Scenarios & Control Testing.

You’ll work closely with various departments to ensure the identification, assessment, monitoring, and mitigation of operational risks.

The difference you’ll make:

• Supporting with the identification and assessment of operational risks across various departments and processes within the bank
• Working with functional areas to identify and develop detailed risk scenarios that outline potential risk events, their causes, and consequences
• Ensuring action drivers and mitigated actions are underway including the establishment of robust controls and procedures
• Overseeing the continuous monitoring of operational risks, ensuring accurate reporting to senior management and relevant stakeholders
• Reviewing external events which identify as operational risks through data analysis, industry research, and collaboration with other departments
• Contributing to the automation and digitalisation of operational risk management framework and associated global and local programmes

What you’ll bring:

These are the essential requirements you need to be successful in this role:

• Previous experience in an Operational Risk role within an investment banking environment
• Knowledge of wholesale banking products
• Meticulous attention to detail
• Excellent interpersonal and communication skills

It would also be nice for you to have:

• Ability to interrogate sources of operational risk data and translate into meaningful business insight
• Knowledge and understanding of Basel Operational Risk principles
• Experience in automating operational risk processes and innovating around data

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston. We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 3 days a week (pro-rata for part-time roles). If you apply for this role in this location, it’s important you consider your travelling distance, time and cost from your home to the office location. We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process. If you’re interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.

Inclusion

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you:

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs. Eligible for a discretionary performance-related annual bonus. We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer. 27 days’ holiday plus bank holidays, which increases to 28 days after 5 years service, with the option to purchase up to 5 contractual days per year. Free access to a range of digital health services, including GP. Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover. 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more. Company funded individual private medical insurance. Voluntary healthcare benefits at discounted rates such as dental insurance, and health assessments. Share in Santander’s success by saving or investing in our share plans. Support your favourite causes through charitable giving and our community partnerships. As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services.

What to do next:

If this sounds like a role you’re interested in, then please apply.