VP Investment Bank Operational Risk Framework recruitment

Corporate and Investment Bank (CIB) comprises three businesses: Corporate Finance, Markets and Global Transaction Banking (GTB) and includes regional coverage in the Bank's key growth areas.

This VP level role in the Operational Risk team is part of CIB Central Management reporting through to the CIB Chief Administrative Officer. Responsible for a variety of programs which support the full range of Sales and Trading, coverage, advisory and banking businesses. Specifically, the team works closely with the front office Chief Operating Officer, Product Operational Risk Officers, Business Controllers and other Infrastructure groups to identify, review and assess inherent operational risk in the context of the existing control environment. CIB ORM consists of senior OR mangers who are responsible to maintain a robust operational risk management process to facilitate the efficient implementation and operation of the ORM framework, for example event escalation, key risk indicators, self assessment and capital calculation. A significant responsibility of the operational risk team is to chair the Algorithmic Trading Monitoring Team which is part of the Algorithmic Trading framework.

Key Responsibilities:

In this role you will support pro-active Operational Risk Management (ORM) and the consistent implementation of the OR Framework within the product lines. This objective is achieved by building a strong relationship to product line OR officers as well as utilising support from local Control and Support Groups and Group Operational Risk. 

• You will take responsibility for the Operational Risk Framework

• You will run the annual Risk Control Self Assessment program, review and develop scenarios and own the creation and update of relevant Policies

• You will maintain a close relationship to Product Operational Risk Officers to support in any capital and framework related matter, supporting the enhancement of the OR capital model

• You will develop a thorough understanding of each Product Line and support Front Office in ensuring consistent procedures, measurement and management of OR across CIB are in place

• You will assist in managing the ongoing review of business controls for new Algos

• You will support the development of an ongoing Algo monitoring framework and implement changes

• You will be involved in projects around operational risk and supervision, including refinement of existing processes

• You will be involved in adhoc project work

The successful candidate will have:

• Experience in Operational Risk Management or internal control function

• A good understanding of Operational Risk standards and tools including experience of working with Operational Risk KRI drivers, performance metrics, and multiple data sets.

• A strong understanding of investment banking products, processes and the associated controls