Senior Operational Risk Control Analyst - Banking (12-month FTC-to-Perm)

Job Description

Ref: 21192Your New Job Title: Senior Operational Risk Control Analyst - Banking (12-month FTC-to-Perm)The Skills Youll Need: Fluent in English, Solid operational risk management experience within banking.Your New Salary: up to£60k depending on experienceLocation: Central LondonReporting To: Operational Risk ManagerWho Youll Be Working for: Our client is a well-established and fast expanding bank.What Youll be Doing Each Day:To assist the ORM in:

• Ensuring that the operational risk management framework (ORMF) of the Bank is fit-for-purpose and fully meets regulatory requirements.
• Developing and embedding the key components of the ORMF - RCSA programme, OR Event management, Key Risk Indicator Reporting, Scenario analysis.
• Establishing and maintaining appropriate operational risk management systems, policies and procedures, and, where necessary, developing the infrastructure to support the operational risk framework.
• Providing Bank-wide training in the Banks operational risk framework, including the preparation of suitable guidance material for staff reference.
• Providing guidance and support to the business and support areas on all operational risk matters, including improving their procedures to mitigate operational risks appropriately.
• Improving the methodology used for determining operational risk exposure, bringing it in line with the requirements of Head Office, and, where appropriate, establishing an appropriate back-testing framework.
• Implementing an appropriate operational risk scenario assessment programme.
• The configuration and introduction of the operational risk system (ORC & Incident Manager) to automate some of the routine ORMF processes and drive ownership and embedding of the ORMF.
• The development and monitoring of the policy and framework for Third Party Risk Management and Outsourcing.

Take a lead role in:

• Conducting Internal control self-assessment in line with Head Office guidance.
• The documentation and management of Operational Risk Incidents, tracking progress with remedial actions.
• Third Party Risk Management - developing and embedding the process and procedures for TPRM, and working collaboratively with FinTech department on operational resilience and the implementation of TPRM Policy.
• Facilitating the Risk Control Self-Assessment (RCSA) annual review programme with departments to ensure that all material operational risks are identified, measured, monitored and controlled effectively. Where appropriate, challenge the business and supportareas self-assessments.
• Overseeing the process for maintaining and developing the Banks KRI reports for operational risk. Including collation of the bank-wide bank-wide KRI reports for RiskCo.
• Overseeing completion and updating of the Banks End to End process maps across business and support functions. Provide guidance to OR Analyst on this process.
• Utilizing external operational risk databases and other sources to support the implementation of RCSAs and KRIs in the Bank. Where appropriate, ensuring that the Banks submissions to external databases are timely and accurate.

The Skills Youll Need to Succeed:

• Fluent English required.
• Educated to degree in numerate/financial/accounting discipline and/or appropriate professional qualification level.
• Experience of implementing operational risk management frameworks, including a good knowledge of the methodologies for measuring and managing operational risk, in a commercial banking/treasury environment. Including the techniques for scenario and stressassessments.
• Working knowledge of wholesale banking and treasury products. Good understanding and experience of operational processes around such products.
• Familiarity with the PRA regulatory framework for operational risk.
• Proficiency in evaluating bank processes and identifying weaknesses and risks.
• Good team skills, in particular the ability to work closely with the business and support areas whist maintaining independence.
• A desire to take responsibility and show initiative.

Job status: 12-month FTC to PermStart date: ASAPPlease view all our Team China jobs at www.people-first.co.ukPlease follow us on Linkedin: people-first-team-chinaWe would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs.Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, maritalstatus or whether or not they have a disability.People First (Recruitment) Limited acts as an employment agency for permanent and fixed term contract recruitment and as an employment business for the supply of temporary workers. Please note that by applying for this job you accept our Terms of Useand Privacy Policy which can be found on our website.