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- Tasks: Lead operational risk management, ensuring compliance and effective internal controls.
- Company: Top-tier provider in Trade Finance and Corporate Banking.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Join a collaborative team focused on excellence and innovation in banking.
- Why this job: Make a significant impact in a leading financial institution while developing your skills.
- Qualifications: Experience in operational risk, reconciliation processes, and people management required.
The predicted salary is between 70000 - 90000 £ per year.
Our client is a leading provider of Trade Finance, Corporate & Institutional Banking. They are looking for a Senior Operational Risk Manager to lead and manage the department in covering the roles of Internal Controls, Data Administration and System Security.
- Oversee the effective delivery of all Internal Controls, Data Administration, and System Security activities, ensuring compliance with Group standards.
- Ensure FOBO (Front Office & Back Office) reconciliation is done on a daily basis before cut off time. Any breaks on the day should be reported and escalated as per policy and procedure.
- Lead and manage the daily and monthly Nostro reconciliation processes, ensuring timely resolution, escalation, and robust commentary for outstanding items as per group standards.
- Monthly analysis of all stock and repos; any discrepancies are to be investigated and resolved.
- Ensure that all balances reported on the bank’s balance sheet are accurate, complete, and fully supported by underlying records/evidence quarterly.
- Maintain a strong first-line risk and control environment, including timely completion of RCSA and effective management of OREs and audit actions.
- Conduct and oversee regular Quality Assurance (dip testing) and ensure findings are addressed promptly.
- Ensure prompt and accurate responses to system amendment requests, maintaining full audit trails for all access and control changes.
- Maintain up-to-date awareness of bank systems and processes, ensuring access permissions and data controls are robust and appropriate.
- Produce, review, and act on management information, Key Risk Indicators (KRIs), and capacity metrics to drive operational performance and resource planning.
Extensive experience of 1st line operational risk gained within a corporate banking environment.
Demonstrable knowledge of reconciliation and payments processes.
Proven people management experience, including performance management, coaching and capability development.
Demonstrated experience managing controls, reconciliations, audit interactions, RCSA and regulatory deliverables.
Familiarity with core banking and operational systems such as URBIS, SWIFT, SCV and associated reporting desirable.
Operational Risk Manager - Asset Management/Investment Banking in City of London employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager - Asset Management/Investment Banking in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your skills, especially in operational risk management. Tailor your responses to show you're the perfect fit!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online platforms. Focus on articulating your experience in internal controls and reconciliations clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be your next big break. Plus, it’s a great way to ensure your application gets seen by the right people.
We think you need these skills to ace Operational Risk Manager - Asset Management/Investment Banking in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Risk Manager role. Highlight your experience in internal controls, data administration, and system security. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your familiarity with reconciliation processes and your people management experience. Let us know why you’re excited about joining our team!
Showcase Relevant Experience: When filling out your application, be sure to showcase your extensive experience in operational risk within a corporate banking environment. We love seeing specific examples of how you've managed controls and reconciliations in the past.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved!
How to prepare for a job interview at Saxton Leigh
✨Know Your Stuff
Make sure you brush up on your knowledge of operational risk management, especially in the context of corporate banking. Familiarise yourself with key terms like RCSA, audit interactions, and reconciliation processes. This will show that you're not just interested in the role but also understand the intricacies involved.
✨Showcase Your Experience
Prepare to discuss your previous experience managing controls and reconciliations. Have specific examples ready that highlight your achievements in these areas. Use the STAR method (Situation, Task, Action, Result) to structure your responses and make them impactful.
✨Ask Smart Questions
Interviews are a two-way street, so come armed with insightful questions about the company's approach to operational risk and their systems like URBIS and SWIFT. This not only shows your interest but also helps you gauge if the company is the right fit for you.
✨Demonstrate Leadership Skills
Since this role involves people management, be prepared to discuss your leadership style and how you've successfully coached and developed team members in the past. Highlight any specific instances where your leadership made a difference in performance or morale.