Operational Risk Specialist

2 days ago


Milton Keynes, Milton Keynes, United Kingdom The Curve Group Full time
Operational Risk Analyst Job Description

We are seeking an experienced Operational Risk Analyst to join our Risk & Compliance team. As an Operational Risk Analyst, you will play a critical role in managing the Bank's approach to Operational Risk by supporting the enhancement of the Bank's control framework.

Key Responsibilities:

  • Assure the effectiveness of the Bank's control framework by conducting control testing across all functions.
  • Test adherence to policies and risk appetite, escalating via appropriate channels as necessary.
  • Assess 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 business lines and functions to identify risks from the First Line.
  • Undertake quality reviews, taking a risk-based approach, including thematic reviews, regular testing of key controls, and independent validation of Quality Controls and Assurance activities.
  • Monitor output from all 1LOD areas to identify potential operational risks and ensure appropriate mitigating actions are in place.
  • Provide support with remediation of control failures and compliance breaches.
  • Support the Operational Risk Manager to develop Key Risk Indicators (KRIs) and risk appetite metrics with divisions in accordance with the Bank's Risk Appetite.
  • Support business areas with Risk & Control Self Assessments to ensure all processes are captured and create Standard Operating Procedures (SOP) to support the RCSA output.
  • Assist with production of high-quality reports/presentation packs for sharing with key stakeholders.

Requirements:

  • Knowledge of UK banking (Customer Service, Credit, Financial Crime, Operations) and risk management & controls principles appropriate to the three lines of defence model.
  • Knowledge and understanding of risk control arrangements.
  • Knowledge of regulatory environment and key regulatory regimes.
  • Understanding of and compliance with group policies including Conduct Risk.

What We Offer:

  • 25 days holiday entitlement increasing with service.
  • Pension Plan.
  • Private Medical Insurance.
  • Dental Cover.
  • Life Assurance.
  • Employee Referral Bonus.


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