Operational Risk Manager
JOB RESPONSIBILITIES
- Support the identification and assessment of major operational risks across core commercial and operational activities; Coordinate Incident Management process;
- Contribute to the risk oversight and control in relation to new strategic initiatives and operational capability projects;
- Developing a framework and process for ongoing Design and Effectiveness testing of key controls. This includes the establishment and monitoring of corrective action plans;
- Coordinate internal/external audit interaction and managing the responses to audit observations to address control weaknesses identified; coordinator for the follow up, and closing out, of all audit items;
- System access: define segregation of duties policy; maintain role system / access permission profiles; maintain Segregation of Duties Matrix; approve role related permissions; review active permissions; test permissions for exceptions / non conformance;
- Business process and procedure KPI and KRI:develop and maintain reporting processes and reporting data integrity; develop and maintain KPI / KRI analysis and presentation; extract learnings and risks; drive performance insights into business process continuous improvement activity;
- Contribute to the risk oversight and control in relation to new strategic initiatives and operational capability projects: manage New Business Assurance "Functional Assurance Template (FAT)£” process; maintain New Business Assurance tracker and FAT returns and actions folders;
- Support senior level engagement on the management of key operational risk issues;
- Writes trading processes procedure, providing flow charts and supporting documentation; ensures policies, procedures and processes are followed and understood;
- Developing a framework and process for ongoing Design and Effectiveness testing of key controls. This includes the establishment and monitoring of corrective action plans: develop and maintain appropriate processes and control; provide insight and education on company processes and controls; drive engagement on key operational risk issues; defines key operational risk metrics; maintain Risk and Controls Matrix; tracks performances against agreed metrics; maintain Process Register; maintain Controls testing register; conduct process and controls testing; ensure visibility of process performance and issues;
- Works closely with all other functions and departments;
- Attends and actively participates in the monthly risk committee meetings.
QUALIFICATION REQUIREMENTS
Education - Degree, or equivalent; preferably a Masters Degree
Qualifications - Professional qualification preferred (ACA, ACCA, CIMA)
Professional Background
- Ex-auditor;
- Extensive control experience and setting up a controls environment (SOX, COSO etc);
- Previous management experience and a track record of successfully leading and motivating a high performing team; Leadership experience;
- Excellent working knowledge of the energy trading (oil, gas, LNG, power etc) and supply chain business; front- to-back office best practices;
- Detailed knowledge of operational risk control processes and practices, including experience in their application; knowledge of Operational Rigour/ Testing Frameworks and practices; proven experience in design and testing of controls;
- Able to take and maintain an independent approach and challenge where appropriate.
Working Experience
- Successful candidate would be from an energy trading background with a minimum of 6/7 years in operational risk; and 12-15 years within an energy trading environment; therefore, the successful candidate would have previously worked within other functions within Accounting, Audit.
Other Requirements
- Strong verbal and written communication skills; initiates communications within the team to learn and share knowledge and follows up to ensure message is received.; ability to communicate well with front, mid and back office personnel as well as senior levels of management; listens attentively, seeks to understand others viewpoints, and tests for understanding; ability to communicate complex issues simply;
- Ability to prioritize multiple tasks to meet deadlines in a fast-paced environment. Experience with managing daily/monthly/quarterly duties with on-going projects and communicating the status of assignments;
- Good interpersonal skills and a team player, able to build working relationships within, and across, teams/departments;
- Ability to work with others to accomplish group goals and implement process changes. Demonstrated teamwork inside and outside immediate area of responsibility;
- Ability to develop oneself and others, to develop and evolve Risk Management processes and reports;
- Strong IT skills and aptitude, experience of driving IT system improvements; experience with energy trading risk management (ETRM) systems;
- Strong commercial awareness.
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