Operational Risk Specialist

2 weeks ago


Birmingham, United Kingdom MERJE Ltd Full time

Financial services business, located in the West Midlands, are looking to hire an experienced Risk professional to join a small but established team. The role holder will be responsible for the compliance to the firms Outsourcing framework and ensuring thePRA rules on Outsourcing and third party risk management are adhered to. Responsibility will also include ensuring effective oversight and governance is in place through approved risk assessments, profiling and ongoing oversight.

The business operates a hybrid working scheme with 2/3 office days per week. Benefits include annual bonus, generous pension contribution and private medical cover.

**Responsibilities**
- Manage the Outsourcing / 3rd party risk framework for new and existing arrangements
- Create and validate documentation of the IntraGroup Arrangement Service agreements ensuring services, performance indicators, service levels and governance for each business function is captured and accurately and represents the arrangement
- Complete risk assessment, risk profiles and exit plans for new arrangements and on-going due diligence.
- Maintenance of source data relating to IntraGroup Arrangements within the Database and Service Catalogue (in line with PRA / FCA / Ops Resilience / OCIR guidelines)
- Identify and support enhancements to the IntraGroup framework in line with industry expectations and regulatory guidelines
- Support the annual assurance report covering all IntraGroup Arrangements
- Ensure that you fully understand and comply with the organisation’s Risk Management Policies as they relate to your area of responsibility and demonstrate in your day to day work that you put customers at the heart of everything you do.

**Experience Required**:

- Previous experience in a Risk Management position within financial services.
- Knowledge of Vendor Risk, Outsourcing or 3rd Party Risk Management would be advantageous.
- Experience of developing, enhancing, improving risk frameworks
- Previous experience working in the financial services industry
- Knowledge of Quality and Risk Control Self-Assessment management



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