Top European Bank Seeks Senior Operational Risk Analyst for a 12 month Contract to Start in Jan recruitment
The bank is currently in the process of implementing many of the AMA principles and assist the business in the management of Operational Risk, through governance, reporting, and the development of key operational risk competencies including loss reporting, risk identification, control assessment, training etc. The businesses and support functions own the operational risk within their units and are primarily responsible for understanding their operational risk exposure and for implementing action plans where appropriate.
This role will assist and support the tasks which will enable the ORC team to meet its objectives.
The team are responsible for the following
- Risk Identification Assessment – to be actively involved with business and support areas across the branch to review and perform risk assessments. This will include helping to articulate the controls performed, as well as documenting control weaknesses.
- Process Mapping – to understand new and changing businesses and documenting process flows that show how the business operates from start to finish.
- Develop the Risk Control Framework – to assist in the further refinement and improvement of the risk control framework and to implement appropriate control processes.
- Reporting Dashboard – development and implementation of a risk and control indicator reporting dashboard and assist in the control over data collection and executive reporting to senior management.
- Operational Risk Loss and Incident reporting – regular follow up across all areas to identify any operational losses and incidents. To assist in documentation, analyse incident and identify practical recommendations for improvement.
- Control Issues Management - regular follow up, update, and reporting of audit issues, risk and control assessment issues, and SOX issues.
- Certification Process – a bi annual process whereby senior management certify that they have maintained adequate controls during the reporting period.
The Individual Role
- You will have regular exposure to senior management in London/Europe and therefore this position requires confidence in influencing Senior Management, while still retaining the independence of the function.
- The role will be based on London initially but then 50% of time will be spent with Managers in Utrecht
Job Skills and Knowledge:
Essential
- Exposure to operational risk techniques
- Has experience in developing and implementing Operational risk frameworks.
- Aware of the regulatory requirements, e.g. Basel II
- Knowledge in Excel, Word, PowerPoint ,Visio
- Ability to challenge and persuade stakeholders
- Demonstrates personal commitment to the job and a desire to innovate and add value to the existing process
- Champions new ideas and initiatives
Desirable
- Has been directly involved in an Operational Risk team in an investment bank covering financial markets, corporate banking and professional products such as TCF
- Professional Accounting Qualification: Chartered Accountant (ACA) with 10 years PQE
If you want to work in a Top European bank, with great exposure to Senior Management on Salary of up to £950 a day apply now