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 industry.
The predicted salary is between 60000 - 75000 € 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) in London employer: Saxton Leigh
As a leading international bank located in the heart of the City, we pride ourselves on fostering a dynamic work culture that prioritises collaboration and innovation. Our employees benefit from comprehensive training programmes, opportunities for professional growth, and a commitment to operational excellence, making us an exceptional employer for those seeking a meaningful career in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land First Line Risk Manager (12 month FTC) in London
✨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
Showcase your skills through real-life examples. When discussing your experience, highlight specific projects where you managed risk assessments or improved processes. This will make you stand out!
✨Tip Number 4
Don't forget to apply through our website! We have loads of opportunities, and applying directly can give you a better chance of getting noticed. Plus, it’s super easy to navigate!
We think you need these skills to ace First Line Risk Manager (12 month FTC) in London
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 experience. 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 we do at StudySmarter.
Showcase Your Achievements:Don’t just list your duties; showcase your achievements! Use quantifiable results where possible to illustrate how you’ve successfully managed operational risks or improved processes in your previous roles. This will help us see the impact you've made.
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 and ensures you don’t miss out on any important updates from us during the hiring process!
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.
✨Showcase Your Collaborative Skills
Since the role involves working with various teams, be prepared to discuss how you've effectively 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 Continuous Improvement Mindset
Talk about how you’ve contributed to enhancing operational models or reporting processes in your past roles. Employers love candidates who are proactive about improving efficiency and effectiveness, so share any technical solutions or innovative ideas you've implemented.
