Operational Risk Manager – VP

Operational Risk Manager – VP

Job description

Job Description

Operational Risk Manager VP

City of London

Contract

£500 £640 per day

cer Financial are working alongside an international bank based in the City of London. They are looking for an Operational Risk Manager to work with them on a contract basis.

The responsibilities of an Operational Risk Manager will include :

- Actively assist the Head of Operational Risk in the management and on-going development of the ORM Framework and its policies.
- Actively assist the Head of Operational Risk in embedding operational risk principles by delivering firm-wide training and consultation / advice as needed.






- Coordinate with 1st Line of Defence / Operational Risk Champions on a regular basis to assess operational effectiveness and impact assessments as required across the Firm.
- On-going development and annual execution of the Risk & Control Self-Assessment (RCSA) methodology, process and assessment tool.
- Providing oversight and challenge of the firm’s systems and controls in respect of risk management.
- Support and contribute to CM Ltd Risk Governance framework and processes (NPC, TAC, RMSC etc).
- Co-manage and produce information packs for Governance Committees.
- Manage, calculate and report the Firm’s monthly Operational Risk Appetite.
- When required, deputise for the Head of Operational Risk in delivering the prevailing picture of Operational Risk to the Governance Committees and address any challenge or questions arising.
- Assist and challenge Departments in Operational Risk loss event analysis and reporting.
- Enforce Operational Risk standards of action and risk event completion across the Firm through MI escalation and Senior staff engagement.






- Manage the completeness and integrity of KRI portfolio through thematic reviews and periodic testing.
- Manage monthly KPI and KRI assessments and subsequent escalation process.
- Work with external consultants on ad hoc projects (e.g. Data licensing capture).
- Assist in the Operational Risk input into the Prudential Regulatory processes and associated reporting (e.g. ICAAP, ICARA, ILAA, SWDP, etc.).
- Assist in the performance of annual Operational Risk stress scenarios, assessment processes and modelling (e.g. Pillar 2a, Harms Assessments).
- Where relevant, assist in the coaching and professional development of team members.
- Own and manage ad hoc initiatives to enhance Operational Risk Management effectiveness (e.g. remedial action designs, MI development and communication, et al).
- As part of the New Product and Process framework






- Coordinate the review of Business propositions by the Firm’s support teams
- Assist in the drafting and delivery of MI and change requests to the New Product Committee
- Register and track pre or post trade conditions / actions
- Obtain and log evidence for conditions or actions closure
- Own and manage the Firm’s Post Implementation Reviews and associated escalation
- Where relevant to the role’s activities, own the alignment of current Operational Risk practices and protocols.
- Actively assisting in the implementation and oversight of Operational Risk across CM Ltd, its subsidiaries and remote booking entities
- When required, deputising for the Head of Operational Risk and Chairing the Operational Risk Committee
- Managing subordinate team members







The successful Operational Risk Manager will have :

- Previous management experience is preferred.
- Operational Risk Management technical knowledge and experience required by this position.
- Knowledge and experience of capital markets business (especially Securities and Derivatives products along with relevant rules and customs).
- Knowledge and experience of ICAAP and Risk measurement methodologies.
- Control, due diligence or risk review qualifications preferred (e.g. ACA / ACCA or equivalent, FRM / PRM or relevant CISI certifications).

▶️ Operational Risk Manager – VP
🖊️ CER Financial
📍 City of London