Operational Risk & Controls Manager- RCA Review
Overview:
We are looking for an operational risk controls manager to support the reviews and testing of controls of all origination areas to ensure their robustness, identifying any weaknesses within the structure, and to actively support the continuous improvement and management of key risks. This is an 6 month contract paying up to £400 per day.
Job Description:
• Responsible for reviewing and assessing conformance to agreed control framework through visiting teams/sites (UK and Europe/world-wide) and by external examination, highlighting weaknesses, recommending and supporting remedial action where appropriate to improve performance levels
• Provide feedback and reporting to senior (VP or above) stakeholders (written or spoken) on analysis of assurance testing outcome, making recommendations to improve future results and the benefits of doing so
• Ensure a consistent approach within required standards when testing, but use own judgment when extenuating factors need to be considered
• Implement operational stability policies and initiatives
• Proactively educate teams to ensure optimal understanding and adherence to policies and key controls
• Support and monitor effective and timely resolution of outstanding issues in compliance and audit reports
• Identify and challenge risk exposures at individual team level, ensuring these are understood, that potential impact, threats and vulnerabilities are quantified and evaluate the effectiveness of existing procedures, checks and controls. Ensure there is clear accountability/ownership for all risks
• Assist with the planning preparation and completion of regulatory and Internal Audit reviews
• Ensure by testing / monitoring the effective and timely resolution of internal and external audit findings
• Responsible for the Generic Risk framework, including conducting RCA reviews, across Origination
• Develop and maintain excellent relationships at senior (VP and above) and peer level across Origination to support the embedding of a rigourous governance framework at all levels within Corporate Banking.
• Aide in the implementation of new processes/systems as required including the assurance of new controls
• Proactively identify efficiencies and drive improvements to the wider control environment.
• Provide expert support to the CBOC team in undertaking special investigations and projects on the background and causes of breakdowns of processes and deficiencies in systems, procedural checks and controls
• Any other additional supporting assurance activity across Origination to support project deliverables and the wider team.
Experience Requirements
• Excellent understanding of operational procedures and practices across the Origination business area including identification and management of risk
• Excellent management of stakeholders and peers including proven experience of influencing at a senior level
• Good knowledge and understanding of Group Operational Risk framework
• Good level of knowledge of Operational and Credit control requirements and other areas involved in the end to end process
• Good level of practical experience in managing / maintaining Excel and Access based records, and analysis of high volumes of data
• Awareness of Group Policies
• Detailed knowledge of the Bank’s Governance, Compliance and Risk policies
• Attention to detail, thoroughness with an ability to make sound judgements
• Ability to work independently
• Strong organisational skills
• Strong communication skills both written and Oral
• Stake holder management (building effective working relationships)
Ability to take complete end-to-end ownership for tasks
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