Operational Risk Analyst

3 weeks ago


Camden Area, United Kingdom The Curve Group Full time
Operational Risk AnalystnHybridnLondon or Milton Keynes

Founded in 2007 our client is one of the fastest growing banks of their kind in the UK. They offer personal and corporate savings products and finance for UK residential and commercial property, in addition to sourcing and advising on UK real estate investments.

Due to promotion within the business, they are now looking to acquire the services of an

Operational Risk Analyst

to their Risk & Compliance team. The Operational Risk Analyst will effectively manage the Bank’s approach to Operational Risk by supporting the enhancement of the Bank’s control framework by carrying out assurance of control testing across all functions. They will test adherence to policies and risk appetite including escalation via appropriate channels and will assess the risks associated with first line of defence (1LOD) business line activities, assisting in compiling, and maintaining a complete control framework for risk management activities. Support the business lines and functions to identify risks from the First Line.

Key responsibilities

Undertake quality reviews, taking a risk-based approach. This could include thematic reviews, regular testing of key controls, independent validation of Quality Controls and Assurance activities performed by the businesses or other methodologies as needs dictate.nMonitor output from all 1LOD areas to identify potential operational risks and, where possible, ensure appropriate mitigating actions are in place, including recommendations for remediation, improvement of controls, staff training or coaching. Proactively identify process improvement/best practice and share as appropriate.nProvide support with remediation of control failures and compliance breaches.nSupport the Operational Risk Manager to develop Key Risk Indicators (KRIs) and risk appetite metrics with divisions in accordance with the Bank’s Risk Appetite.nSupport business areas with Risk & Control Self Assessments to ensure all processes are captured and create Standard Operating Procedures (SOP) to support the RCSA output.nAssist with production of high-quality reports/presentation packs for sharing with key stakeholders; Maintain a full audit trail with clear records to support review conclusions, stored in accordance with the bank’s records management conventions.nEnsure all Risk Incidents are documented, and root cause is established. Oversight of remedial actions to ensure risks are mitigated. Full audit trail is established, and trend analysis is undertaken.

Key Skills required

Knowledge of UK banking (Customer Service, Credit, Financial Crime, Operations) and risk management & controls principles appropriate to the three lines of defence model.nKnowledge and understanding of risk control arrangements.nKnowledge of regulatory environment and key regulatory regimes.nUnderstanding of and compliance with group policies including Conduct Risk.nExcellent attention to detail and strong team skills.nAbility to think creatively when resolving problems and/or identify alternatives where established procedures may not exist, ensuring an improved customer experience.

In return they will offer you:

We offer highly attractive reward package; the typical benefits include:n25 days holiday entitlement increasing with servicenPension PlannPrivate Medical InsurancenDental CovernIncome ProtectionnLife AssurancenEmployee Referral Bonus



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