At a Glance
- Tasks: Manage and review risk assessments, investigate risk events, and analyse operational risk information.
- Company: Join a leading firm focused on strengthening operational risk management.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Dynamic team environment with potential for career advancement.
- Why this job: Play a key role in enhancing the control environment and influencing senior management decisions.
- Qualifications: Experience in risk management and strong analytical skills are essential.
The predicted salary is between 60000 - 80000 £ per year.
We’re looking for an Operational Risk Manager to join our Group Operational Risk team, helping to strengthen the control environment across the business through effective oversight of risk assessments, risk events, operational risk reporting and scenario analysis.
What you'll do:
- Manage, review and challenge risk assessments across the business, including Risk and Control Assessments (RCAs), new client assessments and change assessments.
- Facilitate the investigation of risk events, including the escalation of significant events to senior management as required.
- Develop operational risk scenarios and support the estimation of the Group’s operational risk capital requirement, including contributions to the ICAAP/ICARA processes.
- Analyse and report operational risk management information (MI)—including RCAs, risk events and issues—for senior governance forums such as the Group Risk Committee, Board Audit.
Operational Risk Manager employer: Schroders
As an Operational Risk Manager at our esteemed organisation, you will thrive in a dynamic work culture that prioritises collaboration and innovation. We offer comprehensive benefits, including professional development opportunities and a commitment to employee growth, ensuring you can advance your career while making a meaningful impact on our risk management strategies. Located in a vibrant area, our company fosters a supportive environment where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager
✨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 risk management practices. We want to see you shine, so come armed with questions that show your interest and understanding of operational risk.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to risk assessments and scenario analysis. The more comfortable you are, the better you'll convey your expertise and confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operational Risk Manager role. Highlight your experience with risk assessments and operational risk reporting, as these are key aspects of the job. We want to see how your skills align with 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 passionate about operational risk management and how your background makes you a great fit for our team. Don’t forget to mention any relevant scenarios you've developed or risk events you've managed.
Showcase Your Analytical Skills:Since the role involves analysing and reporting on operational risk management information, make sure to highlight your analytical skills in your application. We love seeing examples of how you’ve tackled complex data and turned it into actionable insights.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application directly and ensures you don’t miss out on any important updates from our team. Let’s get started on this journey together!
How to prepare for a job interview at Schroders
✨Know Your Risk Frameworks
Make sure you’re well-versed in the key risk frameworks relevant to operational risk management. Brush up on your knowledge of Risk and Control Assessments (RCAs) and how they apply to various business scenarios. This will show that you understand the fundamentals and can hit the ground running.
✨Prepare Real-Life Examples
Think of specific instances where you've managed or challenged risk assessments in your previous roles. Be ready to discuss how you facilitated investigations of risk events and escalated significant issues. Concrete examples will help demonstrate your experience and problem-solving skills.
✨Understand the ICAAP/ICARA Processes
Familiarise yourself with the Internal Capital Adequacy Assessment Process (ICAAP) and the Internal Capital and Risk Assessment (ICARA). Knowing how these processes work and their importance in operational risk capital requirements will impress your interviewers and show your commitment to the role.
✨Be Ready for Scenario Analysis Questions
Expect questions that require you to develop operational risk scenarios. Practice articulating how you would approach scenario analysis and estimation of operational risk capital. This will not only showcase your analytical skills but also your ability to think critically under pressure.
