Operational Risk Manager - Employment,career opportunity in UK

Job Title:  Operational Risk Manager
Job Type    Permanent
Location    City of London
Start Date    ASAP
Salary    £30k - £40k pa
Ref No    108961-ORMTC2014_087191


My Client an International Bank based in the City of London is looking to expand their team and take on an Operational Risk Manager. You would be part of a team of 4 within Operational Risk, and a team of 14 in the wider Risk Division which based across the Uk on several sites. They are looking to move quite quickly with this role, so interviews will be taking place the week commencing the 13th January, with candidates being shortlisted on the 10th January.

For the position you will need to have some experience of setting up Operational Risk management and measurement frameworks. Core capabilities for the role can be found below:

Operational risk management:
-Facilitate Risk and Control Self Assessment (RCSA) workshops for all business groups, to identify residual operational risks and arrive at Key risks in the banks processes;
-Facilitate periodic walkthroughs to review the robustness and effectiveness of all key controls identified through RCSA workshops;
-Review Internal Audit findings to ascertain effectiveness of key controls;
-Facilitate developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI dashboards including escalation triggers, to relevant Committees;
-Conduct of Operational Risk Management Committee (ORMC) on a monthly basis.
-To undertake projects and assignment from time to time as directed by Supervisor

Operational risk measurement:
-Mapping the empirical internal loss data as reported by all business groups, into relevant business line and loss event categories as per the Operational Risk Management policy, and report to the ORMC on a monthly basis and quarterly to the Audit Committee;
-Augment internal loss data collection by using scenario analysis methodologies for specific business groups
-Leverage excel based templates to simulate data using simulation techniques and compute OpVar.

Operational risk reporting:
-Reporting of the Bank's RCSA results to the on an annual basis
-Reporting of the Bank's KRI dashboard to the BRC on a quarterly basis
-Reporting of Quarterly loss data to the Audit Committee
-Reporting of RCSA results to the ORMC as and when applicable
-Reporting of KRI dashboard to the ORMC on a monthly basis

-Internal capital adequacy assessment process (ICAAP) for Operational risk:
-Assist & take ownership in the development of the ICAAP process for Operational risk for the Bank for FSA

Outsourcing:
-Review and enhance / modify outsourcing policy. Policy to be reviewed by the BRC on an annual basis
-Oversight of Business / Operations conducting risk criticality matrix to ascertain the criticality of all proposed outsourcing arrangements;
-Document and maintain a schedule of all outsourcing arrangements entered into by the Bank;
-Report the status of the outsourcing engagement reviews to the Management committee (MC) on a quarterly basis
-New product and process approval (PAC):
-Review all PAC notes pertaining to new products / processes with a view to ascertain all risk issues are identified and mitigated / controlled.
-Maintain a list of PAC notes and review the same on a quarterly basis to the MC
-Business Continuity:
-Providing guidance in maintaining the bank's BCP and providing support to the business groups in testing of group specific plans.
-Act as a facilitator to the group heads for conducting review of their group specific BCPs.
-Awareness on BCP to the new joinees by providing training in the induction programme
-Others:
-Providing support to the Fraud prevention cell and participate in the Fraud Governance Committee (FGC).
-Maintain a list of policies for the Bank and review this on a quarterly basis to the MC
-Undertake projects and assignment as provided by supervisorReed Specialist Recruitment Limited is an employment agency and employment business.




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