At a Glance
- Tasks: Lead the Non-Financial Risk Assessments team and enhance operational risk management.
- Company: A leading international bank located in the City.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for growth and learning.
- Why this job: Make a real impact on risk management in a global banking environment.
- Qualifications: Experience in 1st Line operational risk within the banking sector.
The predicted salary is between 60000 - 80000 £ per year.
Our client is a leading international Bank based in the City. They are looking for a 1st Line Operational Risk Manager.
THE RESPONSIBILITIES
- Manage the Non-Financial Risk Assessments and Reporting team, and continually develop and enhance the Operating Model.
- Responsible for embedding operational risk management framework activities across CEMEA.
- Responsible for performance and alignment of operational risk assessments, regulatory risk assessments, 1LoD control testing activities, including the relevant reporting of risk assessments and control testing.
- Work collaboratively with all lines of defence, including Group Risk Management, and Group Compliance, additionally, with other support functions and Business Heads, both within CEMEA and the wider bank.
- Responsible for the planning and execution of operational risk activities to reduce operational risks.
- Evaluate and escalate operational risk issues to local management or any operational risk committees.
- Perform risk assessments to ascertain key risks, processes and controls for CEMEA, including regulatory risk assessments (e.g., financial crime risk assessments).
- Responsible for the Non-Financial Risk reporting requirements into local governance fora and Head Office.
- Enhance operational risk reporting by collecting or evaluating data, key risk indicators, root causes of incidents/events and remediation actions.
- Develop technical solutions to support/improve the effectiveness and efficiency across the function.
- Provide support to staff on operational risk management to ensure proper adherence to the risk framework and work with risk owners to take accountability.
- Responsible for oversight of incident management including follow up of incidents or loss event to ensure no systematic issues and embedding of risk ownership of all incident owners.
- Support internal and external reviews (e.g., Group and external audit, Regulators, and Group Compliance), including registering, tracking and mitigation of issues and control gaps.
- Coordination of training and education plan on Operational Risk across the business.
EXPERIENCE REQUIRED
- 1st Line operational risk experience in banking industry.
- Good understanding of processes, including mapping, interconnectivity, evaluating criticality.
- Good knowledge of risk management framework and tools.
First Line Risk Manager (12 month FTC) employer: Saxton Leigh
As a leading international bank located in the heart of the City, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and collaboration. Our commitment to operational excellence is matched by our dedication to providing comprehensive training and growth opportunities, ensuring that our team members are well-equipped to navigate the complexities of the banking industry. Join us to be part of a forward-thinking organisation that values innovation and empowers its employees to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land First Line Risk Manager (12 month FTC)
✨Tip Number 1
Network like a pro! Reach out to people in the banking industry, especially those who work in operational risk. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks. Be ready to discuss how you've handled operational risks in the past and how you can bring that experience to the table.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills in operational risk management.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
We think you need these skills to ace First Line Risk Manager (12 month FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of First Line Risk Manager. Highlight your experience in operational risk management and any relevant banking industry knowledge. We want to see how your skills align with the responsibilities outlined in the job description.
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 specific experiences that demonstrate your ability to manage non-financial risks and work collaboratively across teams, just like the job requires.
Showcase Your Achievements:When detailing your past roles, focus on your achievements rather than just duties. Quantify your successes where possible, like improvements in risk assessments or successful training initiatives. This will help us see the impact you've made in previous positions.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application directly and ensures you don’t miss out on any important updates regarding your application status.
How to prepare for a job interview at Saxton Leigh
✨Know Your Risk Management Framework
Make sure you have a solid understanding of the operational risk management framework. Brush up on key concepts and tools used in the banking industry, as this will show your potential employer that you're not just familiar with the theory but can apply it practically.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to operational risk assessments and incident management. Think of examples from your past experience where you've successfully identified and mitigated risks, and be ready to discuss the outcomes.
✨Show Collaborative Spirit
Since the role involves working with various teams, be prepared to discuss how you've collaborated with different lines of defence in previous roles. Highlight any experiences where you’ve worked with compliance or risk management teams to enhance operational processes.
✨Demonstrate Analytical Skills
Operational risk management requires strong analytical skills. Be ready to talk about how you've evaluated data, identified key risk indicators, and developed solutions to improve efficiency. Use specific examples to illustrate your analytical approach.
