Head of Operational Risk

2 weeks ago


London, United Kingdom CMC Markets Full time

ROLE AND RESPONSIBILITIES

The main role and responsibilities of the Head of Operational Risk will be to own, develop and enhance CMC Markets’ Operational Risk Management policy, framework, systems and processes, ensuring these are adequately designed and implemented across the organisation to enable the effective management and reporting of operational risk across the Group.

The Head of Operational Risk will create a strong operational risk management culture and awareness across the organisation, ensuring roles, responsibilities and accountabilities for managing operational risk are clearly defined and understood, taking on responsibility for:

- Leading the Operational Risk function for CMC Markets, driving the development and implementation of an adequate and effective operational risk management framework across the Group;
- Managing and co-ordinating Operational Risk and other Non-Financial Risk Reporting;
- Advising the Board, Group Risk Committee and Senior Management team on Operational Risk matters and contributing to the development of Operational Risk thinking at the Group level, presenting specific views of the Operational Risk agenda;
- The Head of Operational Risk will be responsible for determining appropriate Operational Risk/Non-Financial Risk appetite across the organisation and ensuring roles, responsibilities and accountabilities for managing such risks are clearly defined, understood and appropriate;
- Determining step-up requirements for improvements in Operational Risk capture and reporting commensurate with the maturity and complexity of the business;
- Providing active support to the business assisting in the identification, assessment, management, reporting and monitoring of risks and controls pertinent to the business;
- Proactively participating in producing/reviewing relevant frameworks, policies and procedures
- Leading the root cause analysis of significant process and product failures and issues, which will periodically assess the overall operational risk profile of CMC Markets in the context of its ability to deliver key agendas;
- Leading the businesses approach to the approval and ongoing monitoring of new products, propositions and material process changes and providing periodic updates on the development and evolution of Operational Risk/non-financial risk approaches in other financial institutions.
- Managing key Senior Management stakeholder relationships internally and externally, ensuring strong buy-in to the Group’s objectives and framework of operational risk management
- Supporting the business with their implementation of business continuity management;
- Assisting in the production of MI, proactively making improvements wherever appropriate;
- The Head of Operational Risk will be responsible for ensuring that risk incidents across the business are identified, assessed, reported, managed and followed up and reviewing that the applicable system remains fit for purpose.
- Leading the management of projects relating to both operational risk and enterprise risk management across the wider business;

KEY SKILLS AND EXPERIENCE
- Previous experience in a Senior Operational Risk or Enterprise Risk Management role, preferably within the Financial Services environment;
- Experience and knowledge of operational, enterprise, market, credit and liquidity risk;
- Project management experience;
- Strong MS Excel, MS Word and PowerPoint skills.


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