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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: Collaborative team culture with opportunities for personal and professional growth.
- Why this job: Make a significant impact in a crucial role within a leading financial institution.
- Qualifications: Extensive operational risk experience in corporate banking and strong people management skills.
The predicted salary is between 70000 - 90000 £ per year.
THE COMPANY: 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. This is a first line position.
THE RESPONSIBILITIES:
- 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.
- Lead and run the Monthly Nostro Overdue meetings.
- Monthly analysis of all stock and repos, any discrepancies are to be investigated and resolved.
- Balance Sheet Substantiation is a critical control process where the Operations Support team ensures 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.
- Manage the System and Folder recertifications for the department ensuring compilation of the task by target dates.
- 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.
- Lead structured daily team meetings to foster collaboration and effectively manage BAU tasks.
- Schedule monthly 1:1s with every team member in the diary with documented notes and accompanying tracked action plans.
- Produce, review, and act on management information, Key Risk Indicators (KRIs), and capacity metrics to drive operational performance and resource planning.
EXPERIENCE REQUIRED:
- 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.
For further information please contact Marcus Courtney.
Senior Operational Risk Manager in London employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Operational Risk Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector. Let them know you're on the lookout for a Senior Operational Risk Manager role. 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 brushing up on your knowledge of reconciliation processes and operational risk management. Be ready to discuss your experience with internal controls and how you've handled audits in the past. We want you to shine!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that match your skills. Tailor your approach to each company, showing them why you’re the perfect fit for their team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’d be an asset to their team.
We think you need these skills to ace Senior Operational Risk Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Operational Risk Manager role. Highlight your experience in operational risk, internal controls, and reconciliation processes. 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 position. Share specific examples of your past experiences that relate to the responsibilities listed in the job description.
Showcase Your People Management Skills: Since this role involves managing a team, make sure to highlight your people management experience. Talk about how you've coached and developed team members in the past, as we value strong leadership at StudySmarter.
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 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 Leadership Skills
As a Senior Operational Risk Manager, you'll be leading a team. Prepare examples of how you've successfully managed teams in the past, focusing on performance management and coaching. Be ready to discuss how you foster collaboration and handle conflicts within a team setting.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to risk management and compliance. Think about how you would handle discrepancies in reconciliations or manage a failed audit. Practising these scenarios can help you articulate your thought process clearly during the interview.
✨Demonstrate Your Analytical Skills
Highlight your ability to analyse data and produce management information. Be prepared to discuss how you've used Key Risk Indicators (KRIs) in previous roles to drive operational performance. Showing that you can back up your decisions with data will impress your interviewers.