Operational Risk Management Specialist
2 weeks ago
SilverRock Bank is a new bank that aims to pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper.
The estimated salary for this role is £60,000 - £80,000 per annum. The company is building a unique and highly scalable data-driven multi-asset bank through a partnership of ecosystems, specialising in the delivery of forward flow partnerships and portfolio acquisitions from non-bank lenders, alongside its own brand deposits.
This role will report directly to the Head of Outsourcing and Operational Risk.
Job Description:- Operational Risk Framework Support
- Assist in implementing and maintaining the operational risk framework in line with the overarching risk management framework.
- Complete controls testing activity to identify and report the effectiveness of controls and where required, to support the first line with enhancing, designing and implementing controls.
- Risk Appetite & KRI Monitoring
- Support the development, tracking, and reporting of Key Risk Indicators (KRIs) to help monitor the operational risk exposure of the organisation.
- Collaboration with Business Units
- Work closely with first-line teams to identify and assess operational risks, providing input into the development of mitigation strategies.
- RCSA Process Management
- Assist in embedding the Risk Control Self-Assessment (RCSA).
- Conduct regular reviews and updates of the RCSA content to ensure risks are accurately identified, assessed, and documented.
- Strategic Risk Assessment
- Provide input on risk assessments for new business initiatives, including onboarding new commercial partners, to ensure they are in line with the organisation's risk appetite and regulatory requirements.
- Support risk assessments for projects and business changes, ensuring that operational risks are considered and mitigated early in the process.
- Risk Management Systems
- Contribute to the implementation and ongoing management of risk management software to improve risk data capture, aid consistency, and provide support to users.
- Regulatory Compliance
- Support in any regulatory risk assessments, mainly focusing on EBA outsourcing requirements, operational risk, and operational resilience.
- Operational Risk Reporting
- Prepare and contribute to regular risk reports and updates for senior management, risk committees, and the Board, ensuring all operational risks are accurately reflected.
- Track and escalate any significant operational risk incidents and ensure they are addressed promptly.
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