Operational Risk Review Manager – Private Wealth Management recruitment

This role is unique in that there are two teams in the 2nd line of defence. The first team is responsible for investigating, analysing and reporting on the incidents and losses within the business. This role sits in the second team that is responsible for reviewing the whole end to end process of these incidents to ensure they do not happen again.

Responsibilities:

• Undertake testing programme in line with the Operational Risk Assurance plan, including:

• Completing the review within the planned timeframe

• Identifying all key operational risks (issues) within the area being tested

• Assessing the adequacy and effectiveness of any compensating controls

• Produce high quality written reports in line with agreed timeframes

• Assist the Head of Operational Risk Review to develop and implement:

• A process and standard template documentation for use when undertaking reviews

• Management information for reporting to appropriate governance forum

• Ensure that the RACA is being maintained, updated regularly and considered appropriate to the business area

• Recommend changes to controls/procedures where these are considered to be insufficient to mitigate underlying risks.  Ensure that associated risk documentation e.g. RACA is updated as required. Review findings from the 1st Line of Defence testing and consider if any systemic issues are developing

• Ensure all issues raised are clearly articulated, agreed with relevant business management and workable action plans for resolution are agreed, implemented and sustainable within a realistic timeframe

• Provide assistance, where required, to the 2nd line of defence operational risk team in monitoring clearance of issues raised during surveillance reviews.

• Provide specialist consultancy support, where appropriate, for the operational risk team for new products, projects, policies and procedures and emerging operational risk themes.

• Assist the Business Process Change Control Process ensuring all proposed changes to existing processes and controls are assessed and either agreed or challenged if appropriate. Ensure a full log is maintained of all proposed changes and their current status.

• Keep abreast of emerging industry issues and where appropriate (and possible) undertake a gap analysis of current business processes and controls to identify any potential issues.

Candidate requirements:

• 5yrs+ - Internal Audit and/or Op Risk experience.

• Understanding of processes (process mapping).

• Flexible approach / ability to challenge effectively.

• Excellent communication skills.

• A passion for continuous improvement.

• Able to demonstrate that they can work to tight deadlines.

• Report writing skills.