Head of Operational Risk – SOX recruitment
RESPONSIBILITIES:
•Promoting an appropriate culture of awareness of and attention to operational risk throughout the bank.
•Building strong relationships with relevant business areas to be aware of business developments and their impact on the operational risk profile.
•Building strong relationships to work with operational risk colleagues in other locations
•Facilitating Risk and Control Self Assessments by Risk Owners. This will include running risk assessment workshops with various business areas and support functions, and consolidating the results into operational risk maps.
•Defining and interpreting Key Risk Indicators. This will include working with relevant risk owners to ensure appropriate action is taken for remediating any red threshold breaches
•Collecting and analysing operational incidents to ensure that relevant lessons are learnt; agreed action plans monitoring and escalating the issues to the management attention when necessary;
•Proactively seeking out ways to improve the operational risk framework
•Working with risk owners to help them improve the way that operational risks are managed
EXPERIENCE:
•Would ideally have gained exposure to a operational risk framework within an investment banking / markets business either through working within operational risk or an internal audit function.
•Specialist Skill – experience of rolling out a SOX framework
•Business Knowledge and Contribution – Understands the broader business environment in which they work from an industry, organisation, Business Unit and role perspective.
•Operates independently, free from outside control or influence and remaining impartial and objective at all times.