Our client is multinational Corporate banking company based in the City.
Ensuring that the operational risk management framework of the Branch is fit-for-purpose and fully meets regulatory requirements.
Implementing and maintaining the Risk Control Self-Assessment (RCSA) process across the Branch to ensure that all material operational risks are identified, measured, monitored and controlled effectively. Where appropriate, challenge the business and support areas’ self-assessments.
Ensuring that the progress of RCSAs and key findings are reported, in accordance with policy, to the RiskCo, CRO and other senior management, the business and support areas.
Establishing and maintaining appropriate operational risk management systems, policies and procedures, and, where necessary, developing the infrastructure to support the operational risk framework.
Maintaining and developing the Branch’s KRI reporting framework.
Providing support to the business and support areas on all operational risk matters, including improving their processes to mitigate operational risks appropriately.
Utilizing external operational risk databases and other sources to support the implementation of RCSAs and KRIs in the Branch. Where appropriate, ensuring that the Branch’s submissions to external databases are timely and accurate.
Ensuring that all operational risk events are analysed, documented and reported in accordance with policy and that follow up actions are monitored
Providing Branch-wide training about the operational risk framework, in particular Op Risk Events, RCSAs and KRIs.
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.
Developing and facilitating appropriate operational risk scenario assessments
Chair the Operational Risk Working Forum and prepare reports for Risk Committee and senior management on operational risks
Covering other team heads where needed.
Extensive experience of implementing operational risk management and control frameworks, including a good knowledge of methodologies for measuring operational risk, in a commercial banking/treasury environment.
An in-depth knowledge of a broad range of wholesale and retail banking and treasury products, including, ideally, clearing and/or retail/private banking. Good knowledge and experience of operational processes around such products.
A strong understanding of the PRA regulatory framework for operational risk requirements.
Awareness of the broader scope of financial and non-financial risks, risk taxonomies and risk appetite would be an advantage.
Have sufficient technical understanding of operational risk and other fields of risk management to have significant impact and influence with internal stakeholders and be seen as a subject matter expert
Have excellent communication skills, senior stakeholder management and committee reporting skills to ensure operational risk activities well understood in all functions within the Bank
Be able to act autonomously within the operational risk area and to demonstrate leadership through applying a joined up approach in KRI reporting and RCSA process.
For further information please contact Natalie Antat