Operational Risk Manager – Markets recruitment

This role will be responsible for managing a small team and covers the following areas: trading, clearing, settlement, finance, legal, compliance, operations and risk management. Because of this varied portfolio they are keen to see candidates with exposure to a number of these areas through previous operational risk, control or trading positions.

Job responsibilities:

• Manage on day to day basis the operational risk and permanent control frameworks in order to provide on a quarterly basis:

-         A reliable and up-to-date assessment of the operational risk profile and effectiveness of the key controls.

-         The summary of the losses and near losses (including major incidents).

-         The status of the actions contributing to risk reductions / control improvements.

• Ensure effective coordination and support to departments (Risk Owners and Correspondents) to guarantee a consistent implementation of the ORPC framework across the company.

• Analyse, in coordination with Risk Owners, the major projects / new products / new services impacts on the operational risk profile.

• Contribute to losses, near losses and major incidents analysis / impact on risks and controls.

• Verify the Board operational risk tolerance (2nd level of control on Op Risk) is respected and manage the risk acceptance process.

• Contribute to the ORPC function improvement by enhancing the existing component of the framework, developing new ORPC component and updating the ORPC documentation.

• Provide regular training and awareness sessions on ORPC.

• Request ORPC system reporting changes/improvements.

Candidate requirements:

• Trading, Clearing, Settlement and Custody processes for various types of financial products.

• Overall knowledge: Finance, Human Resources, Legal, Compliance, Operations and Risk Management.

• Operational  Risk Management: Risk and Control Self-Assessment, Control Management, Loss data management / Incident Management, Scenario analysis, Key Risk Indicators.

• Project Management / Impact analysis, functional analysis.

• Highly organised and rigorous approach.

• Ability to demonstrate prioritising workloads/projects.

• Highly inquisitive and motivated to understand the business activities.

• Be reactive to requests.

• Expert in coordination / customer focus.

• High level of communication (to senior management and staff).

• High capability to analyse and to summarise.

• Ability to gain confidence and influence.

If you feel your experience matches that required above then please apply to this position through Efinancial Careers or email me directly to karl.alliban@hudson.com