First Line Risk Manager (12 month FTC)

THE COMPANY:

Our client is a leading international Bank based in the City. They are looking for a 1st Line Operational Risk Manger.

THE RESPONSIBILITIES:

• Manage the Non-Financial Risk Assessments and Reporting team, and continually develop and enhance the Operating Model
• Responsible for embedding operational risk management framework activities across CEMEA
• Responsible for performance and alignment of operational risk assessments, regulatory risk assessments, 1LoD control testing activities, including the relevant reporting of risk assessments and control testing
• Work collaboratively with all lines of defence, including Group Risk Management, and Group Compliance, additionally, with other support functions and Business Heads, both within CEMEA and the wider bank
• Responsible for the planning and execution of operational risk activities to reduce operational risks
• Evaluate and escalate operational risk issues to local management or any operational risk committees
• Perform risk assessments to ascertain key risks, processes and controls for CEMEA, including regulatory risk assessments (e.g., financial crime risk assessments)
• Responsible for the Non-Financial Risk reporting requirements into local governance fora and Head Office
• Enhance operational risk reporting by collecting or evaluating data, key risk indicators, root causes of incidents/events and remediation actions
• Develop technical solutions to support/improve the effectiveness and efficiency across the function
• Provide support to staff on operational risk management to ensure proper adherence to the risk framework and work with risk owners to take accountability
• Responsible for oversight of incident management including follow up of incidents or loss event to ensure no systematic issues and embedding of risk ownership of all incident owners
• Support internal and external reviews (e.g., Group and external audit, Regulators, and Group Compliance), including registering, tracking and mitigation of issues and control gaps
• Coordination of training and education plan on Operational Risk across the business

EXPERIENCE REQUIRED:

• 1st Line operational risk experience in banking industry
• Good understanding of processes, including mapping, interconnectivity, evaluating criticality
• Good knowledge of risk management framework and tools