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- Tasks: Support operational risk management and enhance reporting for governance committees.
- Company: Dynamic bank in the heart of London with a focus on inclusivity.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact by identifying and managing operational risks in a collaborative environment.
- Qualifications: Experience in operational risk or control roles and strong reporting skills.
- Other info: Join a diverse team committed to creating an inclusive workplace.
The predicted salary is between 36000 - 60000 £ per year.
Overview
This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.
Role Purpose:
The Operational Risk Analyst supports the 1st line of defence by enhancing the banks approach to identifying, managing and reporting operational risks. The role provides vital oversight of operational risk events, develops and maintains operational risk reporting into governance committees and assists in the embedding of effective key control environments. The role holder will also contribute to development of assurance processes across Operational Risk, Operational Resilience and Outsourcing & Third-Party Management within the first line.
Responsibilities:
- Produce high quality operational risk reports and dashboards for key governance committees.
- Identify trends, emerging risks and areas requiring management attention across the business.
- Assist in the design and implementation of key control and risk indicators.
- Log, track and monitor operational incidents to ensure timely resolution and appropriate root cause analysis.
- Support the business in identifying and implementing appropriate corrective and preventative actions through a lesson learnt process.
- Assist the Operational Resilience Manager with the execution of operational resilience testing.
- Support with the analysis of test results and tracking/reporting of remedial actions.
- Assist the Third-Party Supplier Manager reporting on third party risks and dependencies for key services, including incidents and control performance.
- Support the business units in evidencing control effectiveness and identifying gaps.
- Support business units in completing risk and key control assessments.
- Utilise the banks Risk Management System to drive consistent reporting and MI.
Skills and Experience sought:
- Experience in an Operational Risk or control role.
- Demonstrated experience in preparing risk reports or dashboards for senior stakeholders or governance committees.
- Familiarity with risk and key control assessment processes.
- Comfortable working with risk systems, data sets and different tools.
Equal Opportunities
We\’re an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.
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Operational Risk Analyst I Risk employer: United Trust Bank
Contact Detail:
United Trust Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Analyst I Risk
✨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 role thoroughly. Understand their operational risk framework and be ready to discuss how your skills align with their needs. Confidence is key!
✨Tip Number 3
Showcase your analytical skills! Bring examples of past reports or dashboards you've created to the interview. This will demonstrate your ability to produce high-quality operational risk insights.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Operational Risk Analyst I Risk
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in operational risk and control roles. We want to see how your skills align with the responsibilities mentioned in the job description.
Showcase Your Reporting Skills: Since producing high-quality operational risk reports is key, include examples of dashboards or reports you've created in the past. This will help us see your ability to communicate complex information clearly.
Highlight Relevant Experience: Don’t forget to mention any familiarity you have with risk systems and data sets. We’re looking for someone who can hit the ground running, so let us know how your background fits the bill!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process.
How to prepare for a job interview at United Trust Bank
✨Know Your Risk Framework
Familiarise yourself with the bank's operational risk framework and key control environments. Be ready to discuss how you can enhance their approach to identifying and managing risks, as this will show your understanding of the role and its importance.
✨Prepare Your Reports
Since producing high-quality operational risk reports is a key responsibility, practice presenting your previous reports or dashboards. Highlight your experience in preparing these for senior stakeholders, and be prepared to discuss how you would approach reporting in this new role.
✨Understand Emerging Risks
Research current trends and emerging risks in the banking sector. Be prepared to share your insights during the interview, as this demonstrates your proactive approach and ability to identify areas requiring management attention.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with risk systems and data analysis. Prepare examples of how you've logged, tracked, and monitored operational incidents in the past, and how you ensured timely resolutions and effective root cause analyses.
