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- Tasks: Manage operational risks and support strategic improvements in a dynamic financial environment.
- Company: Join Wipro, a leading global provider in financial services and consulting.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Why this job: Be at the forefront of risk management and make a real impact in the financial sector.
- Qualifications: Experience in risk management and strong communication skills are essential.
- Other info: Diverse and inclusive workplace with excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 £ per year.
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Direct message the job poster from Wipro.
Talent Acquisition Lead – Banking, Financial Services & Insurance – Wipro
Servaada is Wipro\’s UK entity, authorized by the FCA (the UK financial services regulator) to undertake regulated activities on behalf of its clients, as an outsourced service provider.
About the Role:
Effective risk management is a core value at the heart of our platform. It involves continuous identification, understanding, assessment, and evaluation of relevant risks, along with ensuring the adequacy of controls aligned with risk appetites and implementing improvements where necessary. First-line risk management requires a comprehensive understanding of risk practices, integrated with operational processes.
The role holder will serve as a key liaison between the first and second lines of defense, ensuring effective management of risk events and timely closure of audit actions. They will also be instrumental in achieving departmental and individual targets within set timelines and standards. Applying technical knowledge and innovative, solution-oriented thinking will be crucial.
This role also involves fostering a strong risk culture and supporting the Operations team and senior leaders in understanding and managing risk effectively.
Key Responsibilities:
- Support the design and implementation of a first-line risk function within Operations.
- Assist Operations in delivering strategic process improvements related to risk management, including:
- Operational control and regulatory compliance.
- Breach log management.
- Handling audit and risk incident actions.
- Conducting first-line monitoring reviews.
- Supporting risk escalations and queries.
- Coach team members and lead risk training sessions.
- Coordinate internal and external audits.
- Prepare and present risk reports to the COO, executive team, and board.
- Collaborate with second-line risk teams and operational units on risk activities like incident recording.
- Analyze trends in breaches and near misses, advising on process revisions when needed.
- Maintain skills and knowledge to meet training standards.
- Participate in monthly breach reviews with second-line teams.
- Support Business Continuity Planning (BCP) activities as required.
Skills, Qualifications, and Experience:
- Strong operational knowledge, including CASS (notably CASS 6 and 7).
- Experience in risk management practices.
- Deep understanding of financial services, especially wrap platforms.
- Excellent attention to detail.
- Strong interpersonal and communication skills.
- Ownership and accountability.
- Ability to work independently and proactively.
- Capable of working under pressure and tight deadlines.
- Problem-solving skills with a proactive and innovative approach, including influencing abilities.
- Proficiency in MS Office applications.
- Degree or equivalent qualification.
- Experience in similar roles.
- Relevant industry qualifications such as CISI (Risk in Financial Services, Operational Risk) or CII CF2 are advantageous.
Application of Individual Conduct Rules:
Candidates must demonstrate integrity, diligence, cooperation with regulators, fairness to customers, and adherence to market standards.
Wipro values diversity and inclusion, welcoming applicants from all backgrounds to join our global team.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Consulting, Finance, and Quality Assurance
Industries
- Financial Services and Business Consulting
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Operational Risk Specialist employer: Wipro
Contact Detail:
Wipro Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Specialist
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Wipro. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge. Be ready to discuss how you've handled risks in past roles and how you can bring that expertise to Wipro.
✨Tip Number 3
Showcase your problem-solving skills during interviews. Use real-life examples to demonstrate how you've tackled challenges in risk management and operational processes.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you're serious about joining the team.
We think you need these skills to ace Operational Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Risk Specialist role. Highlight your experience in risk management and operational processes, and don’t forget to mention any relevant qualifications like CISI or CII CF2.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about risk management and how your skills align with our values at StudySmarter. Keep it concise but impactful!
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled challenges in previous roles. We love innovative thinkers who can demonstrate ownership and accountability in their work.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our awesome team!
How to prepare for a job interview at Wipro
✨Know Your Risk Management Basics
Make sure you brush up on your understanding of operational risk management, especially in the context of financial services. Familiarise yourself with key concepts like CASS 6 and 7, as well as breach log management. This will show that you’re not just a candidate, but someone who truly understands the role.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific risk scenarios. Think of examples from your past experience where you successfully managed risks or improved processes. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.
✨Showcase Your Communication Skills
As a liaison between different teams, strong communication is key. Be ready to discuss how you've effectively communicated complex risk information to non-specialists in the past. Practise explaining technical concepts in simple terms to demonstrate your ability to bridge gaps between teams.
✨Demonstrate Proactive Problem-Solving
Wipro values innovative thinking, so come prepared with examples of how you've identified potential risks before they became issues. Highlight any initiatives you've taken to improve risk management processes, showing that you can think ahead and act decisively.
