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- Tasks: Lead operational risk management, ensuring compliance and effective internal controls.
- Company: Top-tier investment banking firm with a focus on innovation and excellence.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Join a collaborative team dedicated to maintaining high standards in banking operations.
- Why this job: Make a significant impact in a fast-paced banking environment while developing your skills.
- Qualifications: Experience in operational risk, reconciliation processes, and strong people management skills.
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 - Investment Banking in London employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager - Investment Banking in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Operational Risk Manager role.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of reconciliation processes and operational risk management. We suggest practising common interview questions and scenarios related to internal controls and data administration to show you’re the right fit.
✨Tip Number 3
Don’t forget to showcase your people management skills! Be ready to discuss how you’ve coached and developed teams in the past. We want to see how you can lead and inspire others in the operational risk space.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen. We’re always on the lookout for talented individuals who can help us maintain a strong risk and control environment.
We think you need these skills to ace Operational Risk Manager - Investment Banking in 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!
Showcase Relevant Experience: When writing your application, focus on your extensive experience in operational risk within a corporate banking environment. Share specific examples of how you've managed reconciliations and controls, as this will really catch our eye.
Be Clear and Concise: Keep your application clear and to the point. Use bullet points where possible to make it easy for us to read through your achievements and responsibilities. We appreciate straightforward communication!
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. We can’t wait to see what you bring to the table!
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 a corporate banking context. Familiarise yourself with key concepts like RCSA, audit interactions, and reconciliation processes. This will help you answer questions confidently and show that you're the right fit for the role.
✨Showcase Your Experience
Prepare to discuss your previous experience managing controls and reconciliations. Use specific examples to illustrate how you've successfully led teams or resolved discrepancies in the past. This will demonstrate your capability and give the interviewers confidence in your skills.
✨Ask Smart Questions
Come prepared with insightful questions about the company's internal controls and data administration practices. This shows your genuine interest in the role and helps you understand their expectations better. Plus, it gives you a chance to assess if the company aligns with your career goals.
✨Be Ready for Scenario-Based Questions
Expect to face scenario-based questions that test your problem-solving skills. Think about potential challenges in operational risk management and how you would address them. Practising these scenarios can help you articulate your thought process clearly during the interview.