Operational Risk Lead
£80000 - £90000 + Bonus + 15% Non Con. Pension + PMI + other benefits
Central London

Growing London operation of international banking group with global assets of over $20billion. The business comprises FX/MM, commercial and wholesale banking together with retail activities. No equity trading is undertaken.

* Solid experience in Operational Risk Management and good knowledge of technology risk, third party risk, data risk, information security, banking products, and of best practice around associated processes is essential in order to hit the ground running
* Track record of hands-on risk change delivery and 'business as usual' delivery in a financial services environment.
* Deep understanding of 2nd line of defence enterprise risk frameworks and associated risk domains such as prudential risks, reputation risk, operational risk
* Strong track record in optimizing enterprise risk management processes without compromising effectiveness such as risk reporting, risk governance, three lines of defense operating models.
* Appropriate formal risk qualification and University degree (minimum UK 2:1 or equivalent).
* Strong communication and presentation delivery skills and experience of working with senior Board Directors/Management Board.
* Familiarity with a bank's top operational risks such as technology, third party, data, information security.
* Structured thinking and analytical skills, and ability to express ideas succinctly.
* High level of competence with end-user computing tools including Microsoft Excel and Word and communication tools such as MS Teams, SharePoint, for example
* Principled independent thinker with the ability to influence and negotiate at senior levels
* Maintain and develop robust systems, controls and processes.
* Hands-on - prepared to role up their sleeves

The operational risk team designs, operates and monitors the Risk Management ('RMF) and the Operational Risk Management Frameworks (ORMF), including monitoring compliance with the Banks Risk Appetite Statement (RAS) and the related underlying policies, while co-ordination of related assurance, oversight and challenge activities. Reporting to the CRO, you will be required to lead this team to continue to drive the development, implementation and maintenance of the Bank's 2nd line of defense and take oversight responsibility for all operational risk. You will be the go-to person for supporting the existing 2nd line teams, as well as supporting the wider business with guidance and advice on risk assessment, controls and ensuring the bank adheres to the RMF, ORMF, RAS, policies and governance. Key responsibilities include:

* Embedding the bank's operational risk management framework into its operations and processes.
* Reviewing and monitoring the effectiveness of risk management policies, control procedures and reporting systems. Design and implement identified opportunities for improvement where appropriate.
* Leading the analysis, guidance and the creation of management tools to enable the bank to operationalise its risk policies.
* Leading the promotion of a culture of risk identification, awareness and reporting, and openness in reporting.
* Design, develop and maintain the Risk Policy Framework, monitor Policy adherence, report Policy breaches and maintain risk governance records, meeting minutes for the Operational Risk Committee and the Model Governance Committees).
* Workshop training for the bank's staff on all matters pertaining to Operational Risk, Risk Appetite Statements, Key Risk Indicators, Risk Registers, Model Governance and Risk and Control Self-Assessment Testing.
* Supporting the CRO as the Chairperson on Operational Risk Committee.
* Manage relationship with Internal Audit (IA): combined Assurance Plan (AP) adherence and aligned with any remediation activity, Compliance Monitoring Plan and RCSA testing.
* Responsible for Operational Risk contribution to the Bank's annual ICAAP model including Scenario build and capital impact estimates.
* Directly responsible for Operational Risk Management Framework, Risk Event Standard, Risk and Control Self-Assessment Standard, Model Governance Policy, Product Governance
* Inventory maintenance
* Assurance on all Model Governance related stages - as stipulated within the Model Governance and Stress Testing Standards
* RCSA assurance - ensure understanding in place, analysis resulting from the tests carried out, embedding each within the respective units.
* RCSA Test Schedule maintenance ensures no exceptions and any slippages are immediately escalated to the CRO.
* Facilitating Validation of Models and assessment of each. Monitoring model performance dashboards
* Deputise for the CRO in relation to all Operational Risk matters.