Operational Risk Head of Fixed Income – Global role. recruitment

This role is to support the EMEA Head of Operational Risk in facing off to the business, developing and deploying the Operational Risk framework, products and services. Operational risk within my client is very much front office focused and you will take ownership of key business relationships. The stakeholders you will have exposure to will extend to the CRO, COO for Fixed Income and Global Head of Fixed Income Trading (all London based) in addition to a number of other corporate heads.

This is a unique role in that the group function is not responsible for handing down the framework in to the business. As a result, in addition to 1st line of control operational risk, you will also be assisting in the continual development and enhancement of the framework. The Fixed Income team in particular is focused on the scenario analysis element of the framework. This is also a good opportunity to be involved in the implementation of a new operational risk system that is currently being put in place. This department runs as a RTB/CTB department, which means that you will be involved in a number of change projects and initiatives.

Job responsibilities:

• Develop the operational risk strategy and governance framework.

• Establish a set of operational risk products and services to support the business areas’ management of operational risk.

• Develop the tools and templates to allow the effective collection, review and use of operational risk information.

• Provide guidance and leadership to the team of production / analytics resources.

• Develop specific aspects of the operational risk framework as required.

• Development of specific key business relationships in EMEA FID – including Rates, FX, Credit and other business as relevant. Products are structured and vanilla.

• Provide expert technical input and advice to operational risk framework development and issues.

• Providing independent expert advice to the business areas on operational risk issues.

• Developing and disseminating communications to the business to raise awareness of operational risk.

• Manage, coach and develop operational risk production / analytics resources.

• Manage a small team of very capable operational risk professionals.

Candidate requirements:

• Strong front to back knowledge of trading controls and risks associated.

• Relevant operational risk experience within an investment banking / trading environment.

• Strong capital markets product knowledge. Fixed Income background is desirable, but other products will also be considered.

• Candidates with an Internal Audit / Product Control background in an investment bank will also considered depending on their knowledge / understanding of operational risk.

• Good understanding of operational risk frameworks.

• Excellent stakeholder management and communication skills.

This is a great opportunity to work in a bank that has far less politics than a number of others. Operational risk here is taken very seriously and sits on a number of senior committees and you will be allowed to take on more responsibility and you will get noticed for doing great work. If you think you have the necessary experience then please apply online or send me your CV to karl.alliban@hudson.com