Operational Risk Analyst

Operational Risk Analyst

Full-Time 45000 - 75000 ÂŁ / year (est.) No home office possible
Zenith Bank (UK) Limited.

At a Glance

  • Tasks: Lead operational risk initiatives and promote a culture of continuous improvement.
  • Company: Join Zenith Bank, a top-performing bank with a strong reputation for innovation.
  • Benefits: Competitive salary up to ÂŁ75,000, supportive work environment, and career development opportunities.
  • Why this job: Make a real impact in risk management while working with a dynamic team.
  • Qualifications: Experience in risk management and strong analytical skills required.
  • Other info: Be part of a forward-thinking bank focused on growth and excellence.

The predicted salary is between 45000 - 75000 ÂŁ per year.

Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance. Zenith Bank (UK) Limited was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity.

Role Overview

The operational risk function is required to lead and promote a positive culture of learning and continuous improvement by promoting “Do it once, Do it right” across the Bank. The aim being to drive the bank towards operational excellence and best in class practices of process understanding, documentation and control with appropriate innovation and efficiency. Operational Risk fulfils the role of engagement on and monitoring of Operational Risk KRI’s, RCSA’s and Risk Events at Zenith Bank (UK) including appropriate escalation and supporting remediation activities.

Regulatory Responsibilities

  • Ensuring compliance with the Conduct Rules.
  • Support the CRO in building and developing a positive risk management culture across the Bank.
  • Ensure all EUC controls and processes are fully documented, appropriately controlled, backed up and verified.

Operational Risk

  • Lead and host regular events and operational risk workshops.
  • Develop the banks operational risk management capability to investigate root causes and promote prompt, effective and lasting solutions.
  • Lead the oversight and challenge of the banks operational risk registers, KRIs, RCSA’s and risk events.
  • Drive the Risk Control Self-Assessment (RCSA) process, Risk Event process, Key Risk Indicators and the High-Level Risk Register.
  • Ensure that the Operational Risk framework is kept up to date with Risk Registers, KRI’s and Risk Events.

Monitoring

  • Provide relevant and accurate MI on the operational risks in the business units.
  • Maintain and update the Operational Risk internal Procedures and Policies.
  • Enhancement and automation of risk reports and tools with Excel functions and VBA.
  • Assist with the gathering and analysis of KRI management information.

Additional responsibilities

  • Keeping up to date with industry best practice and regulatory developments.
  • Develop identification and monitoring on all aspects of Operational Risk including Cyber, IT Security, Compliance, Financial Crime & Conduct Risk.
  • Assist with other analytical and project work and ad hoc duties assigned.

Skills and Experience Required

  • Strong knowledge of and experience in a range of risk management disciplines and internal controls.
  • Attention to detail - to pick up on errors and produce accurate work.
  • Driven, ambitious, self-starter who can grasp a concept quickly.
  • Experience of, or significant exposure to, working in a Trade Finance environment.
  • Good understanding of the principles of risk management and risk management techniques.

Software Knowledge required / desired

  • Microsoft Office package MS Excel Advanced (Essential).
  • VBA (Desired).
  • MS Word and MS Outlook.

This is a permanent position paying up to ÂŁ75,000 based on experience.

Operational Risk Analyst employer: Zenith Bank (UK) Limited.

Zenith Bank (UK) Limited offers a dynamic and supportive work environment that prioritises employee well-being and professional growth. With a commitment to fostering a culture of continuous improvement and innovation, employees are encouraged to balance their personal and professional lives while engaging in meaningful work that drives operational excellence. The bank's strategic focus on trade and investment between Nigeria and Europe provides unique opportunities for career advancement in a rapidly evolving financial landscape.
Zenith Bank (UK) Limited.

Contact Detail:

Zenith Bank (UK) Limited. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Operational Risk Analyst

✨Tip Number 1

Network like a pro! Reach out to current employees at Zenith Bank (UK) through LinkedIn or industry events. A friendly chat can give us insights into the company culture and maybe even a referral!

✨Tip Number 2

Prepare for the interview by researching common operational risk scenarios. We should be ready to discuss how we would handle specific challenges, showing off our problem-solving skills and proactive mindset.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or mentors. This will help us articulate our thoughts clearly and confidently, making a great impression on the interviewers.

✨Tip Number 4

Don’t forget to follow up after the interview! A quick thank-you email expressing our appreciation can keep us fresh in their minds and show our enthusiasm for the role.

We think you need these skills to ace Operational Risk Analyst

Operational Risk Management
Risk Control Self-Assessment (RCSA)
Key Risk Indicators (KRI)
Data Analysis
Attention to Detail
Problem-Solving Skills
Trade Finance Knowledge
Microsoft Excel Advanced
VBA
Communication Skills
Collaboration
Regulatory Compliance
Analytical Skills
IT Security Knowledge
Financial Crime Risk Awareness

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Operational Risk Analyst role. Highlight relevant experience and skills that match the job description, especially in risk management and internal controls. We want to see how you can contribute to our mission!

Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for Zenith Bank (UK). Share your passion for operational excellence and how your background aligns with our values. Remember, this is your chance to shine and show us your personality!

Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled challenges in previous roles. We love proactive problem-solvers who can think on their feet, so don’t hold back on sharing your success stories!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Zenith Bank (UK)!

How to prepare for a job interview at Zenith Bank (UK) Limited.

✨Know Your Risk Management Stuff

Make sure you brush up on your knowledge of risk management disciplines and internal controls. Be ready to discuss how you've applied these in past roles, especially in a Trade Finance environment. This will show that you understand the core responsibilities of the Operational Risk Analyst position.

✨Show Off Your Analytical Skills

Prepare to demonstrate your analytical abilities during the interview. Think of examples where you've successfully identified risks or improved processes. Use the STAR method (Situation, Task, Action, Result) to structure your answers and make them impactful.

✨Get Familiar with Their Tools

Since the role requires advanced Excel skills and some VBA knowledge, be prepared to discuss your experience with these tools. If you can, practice using Excel functions and think of ways you've automated reports in the past. This will highlight your technical proficiency.

✨Emphasise Collaboration and Communication

As an Operational Risk Analyst, you'll need to work closely with various teams. Be ready to share examples of how you've fostered collaboration in previous roles. Highlight your personable nature and how it helps you engage with colleagues at all levels, promoting a positive risk management culture.

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