Senior Operational Risk Analyst (AVP)
Senior Operational Risk Analyst (AVP)
£40,000 - 50,000 (dependent on experience + Bonus + Benefits)
London
The Company
They are a well known banking and financial services company, part of a global banking group.
The Role
Reporting to the VP of Operational Risk, you will join a department of 6. The firm's operational risk management area designs and oversees the implementation of the operational risk framework. The department also works with the business and management to identify and develop various operational risk techniques and methodologies and risk training and education to ensure a risk aware culture. They also implement and administer the Basel 2 Capital accord. Your role will include:
* Supporting Operational Risk Management to drive the operational risk culture throughout the firm and assist operational business units to achieve the standards being set;
* Understanding and measuring the risk profile of different business areas and understanding the "heat map" of where the risks in the area
* Managing and consistently improve the process to capture, consider and report operational risk events and breakdowns;
* Enhancing the documentation process and providing analysis to event causes and failures on an individual and generic basis;
* Co-ordinating and supporting line in developing control improvement action plans, risk control and self-assessments;
* Reporting of and presentation of Operational Risk events to relevant operational risk groups/committees;
* Supporting the Operational Risk Committee and Risk Committee in meeting their objectives and responsibilities;
* Co-ordinating and developing the management reporting dashboard, covering KRI's, KPI's and exception reporting;
* Identifying and developing appropriate monitoring tools and risk management techniques to identify risk and assessing the ongoing effectiveness of key controls within business units;
* Performing the ongoing analysis of operational data, indicators and events and identify and report upon risk trends and emerging risks
* Ongoing maintenance of departmental procedures and operational risk management techniques
* Undertaking routine monitoring and investigate exceptional items as and when required by senior management.
* Taking part in projects and ensure that operational risk issues are pro-actively identified, mitigated and managed
Who they are looking for
Although training will be provided in operational risk framework and techniques, you must be looking to pursue a long term career within operational risk. To be considered for this role you must:
* Have relevant experience of front to back office processes gained within the operations department of a Financial Services company, and
* Be highly proficient in drafting reports and procedural documentation will be essential, and
* Be highly proficient in Excel , Access, Powerpoint and reporting techniques and software
* Have knowledge of and practical exposure to key industry controls within both operational environments and support functions and
* Have excellent communication and presentation skills will be required.?
It would be useful if you had awareness of relevant market and industry knowledge e.?g.? Basel Accord, MiFID and SOX
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