Operational Risk VP Operational Risk VP …

Financial Services
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Aug 19
GBP75000 - GBP90000 per annum
Financial Services
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Aug 19
GBP75000 - GBP90000 per annum
It is a VP level role, responsible for leading operational risk framework development and delivering regulatory risk requirements in line with strategic objectives and policies

Investment Bank


Participate in the delivery of the operational risk system implementation

Support and contribute to the development and delivery of the medium to long term objectives/actions within the operational risk framework

Provide a robust second Line of Defence challenge to ensure the wider effective identification and management of operational risk and control weaknesses

Provide operational risk subject matter expertise, and monitor and communicate the operational risk environment to management, and other key stakeholders

Build and maintain close and continuous relationships with key individuals within the business and support functions, and ensure their control weaknesses and concerns are addressed proactively

Ensure the business and support functions understand the operational risk framework and tools to identify, assess, manage and report their operational risks

Challenge the business and support functions to provide evidence that they are identifying, assessing, managing and reporting their operational risk appropriately

Support initiatives to strengthen the governance and develop a robust reporting mechanism for the business incorporating appropriate escalations as required

Ensure compliance with organisation's governance policies and procedures

Evaluate the Operational Risks of New Products / Change Projects

Assist in creation and maintenance of a good 3LoD model and embedding the risk culture

Incident management and post incident reviews

Weekly review of KRIs and KCIs

Tracking of progress issues and actions

Monitoring of key controls

Monthly reporting to senior governance committees

Quarterly root cause analysis

Review and monitoring Risk and Control Self-Assessments


Track record in financial services essential

Good knowledge of banking products across global markets, investment and corporate banking

Experience in developing a risk framework

Experience in undertaking RCSAs, acceptance, actions and incident management

Good knowledge of regulatory risk and banking regulations

Job Offer

Competitive base salary and benefits package. VP level role.