Director Operational Risk recruitment

Department Overview

Operational Risk provides the Bank’s Front Office, Risk and Support functions with a clear and consistent framework to assist them in identifying, measuring and managing Operational Risk. The Operational Risk Management department is also responsible for managing the implementation of and the ongoing compliance with major regulatory initiatives (i.e. Sarbanes-Oxley, Basel II/III) across all businesses and support functions. Operational Risk Management is an independent risk management function Responsible for developing a globally applied Operational Risk framework it is the centre of expertise for Operational Risk methodology and best practice.

The framework supports the ongoing Operational Risk measurement and management requirements of the business, and facilitates our compliance with regulatory standards.

The overall objective is to assist the business to operate in a controlled and sustainable way, avoid significant or persistent instances of Operational Risk control and process failures, enable decisions that are informed by Operational Risk considerations, and optimise Operational Risk usage of regulatory and economic capital.

Main Responsibilities

Based in London, the candidate will be a key member of the Operational Risk Analytics team within Operational Risk Management function. The Operational Risk Analytics team is responsible for the development and implementation of the Operational Risk  measurement components of the framework and the development, production, and maintenance of Operational Risk MI / reporting. The candidate will design, build and implement Methodologies, Models, and Systems for the analysis, measurement and ongoing production of Operational Risk regulatory and economic capital and metrics. 

The candidate will also strongly contribute to the methodology, system and process design and implementation enhancement of various elements of Operational Risk measurement, capital allocation, and MI reporting framework, including data sets, Key Risk Scenarios, metrics, and internal risk incidents reporting. The candidate will also take significant responsibility for managing the relationships with key stakeholders, engaging with and educating stakeholders within the Business and liaising with the regulator.

The successful candidate will have start-to-finish hands-on experience of designing, building and implementing Advanced Measurement Methodologies, Models and Systems for the measurement of Operational Risk regulatory and economic capital at a Tier 1 / investment bank.