Operational Risk Management Associate

2 months ago


London, Greater London, United Kingdom British International Investment Full time
About the Role

British International Investment is seeking a highly skilled Operational Risk Associate to join our Risk Office team. As a key member of our team, you will play a critical role in identifying, mitigating, and managing risk across our organization.

Key Responsibilities
  • Operational Risk Management
    • Manage BII's risk register program, lead risk register reviews, and risk event management for corporate functions.
    • Work with risk owners to ensure risks are identified and assessed appropriately, and follow up on proposed action plans to ensure they are implemented.
    • Conduct root-cause analysis and analyze trends in risk events, recommending actions to reduce the likelihood of future errors.
    • Review key risk indicators and metrics as an input to risk assessments.
  • Governance Risk Management and Compliance (GRC) System
    • Become a subject matter expert on Riskonnect, BII's GRC software.
    • Become the Risk team point of contact for Riskonnect, including access management.
    • Keep the information in the tool relevant and propose enhancements.
    • Be the SME for building and extraction of reports from Riskonnect.
  • Reporting
    • Produce periodic risk management presentations for BII's governance committees and Board Risk Committee.
    • Support the Operational Risk team to deliver timely and good quality risk management reports to the CRO, Operations Committee, Risk Committee of the Board, and Shareholder.
    • Quarterly submission of process risk metrics, part of the monitoring of BII's RAS.
    • Develop and produce new reports, including risk events, key risk indicators, risk appetite, and risk-related actions.
  • Ad-hoc Projects
    • Support BII's Risk Director in the delivery of projects, focused on enhancements to BII's risk framework or mitigation of specific high-priority risks.
  • Risk Culture
    • Be an agent of risk culture dissemination, including design and provide training to stakeholders.
Requirements
  • Proven operational risk or risk reporting experience, ideally in the financial services sector.
  • Ability to apply operational risk assessment techniques, including risk control self-assessment (RCSA).
  • Ability to gather, analyze, evaluate, and present risk management data, including risk events and key risk indicators.
  • Ability to prepare and present concise oral and written reports.
  • Analytical rigour and attention to detail, in particular when preparing reports and analyzing data.
  • Working knowledge of PowerBI is desirable. Riskonnect or Salesforce-based GRC tool is not required but the successful candidate should be willing to become an expert on it.
About Us

British International Investment is the UK's development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Our team is diverse, passionate, and exceptionally smart, and we're looking for someone who shares our values and is motivated by our development mission.



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