Operational Risk Analyst

2 days ago

London, UK, United Kingdom SilverRock Bank Full time

At SilverRock, we are building a new bank. Our vision is to “Pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper” We are doing this by 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 our own brand deposits.



Purpose of Role

The Operation Risk Analyst will be the 2nd line support of all SilverRock’s outsourcing and third-party arrangements as well as supporting the oversight and management of operational risks across the business. The ideal applicant will have operational risk experience gained within the first or second line of defence within a financial services environment and must have experience of operating and assessing controls.

The successful candidate will be responsible for supporting our comprehensive operational risk processes, specifically conducting ongoing controls assessment activity and supporting with risk reporting.


This role will report directly to the Head of Outsourcing and Operational Risk.


Key Accountabilities:

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 organization.

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 organization’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.
  • These accountabilities reflect the operational risk analyst’s role in supporting the broader operational risk framework, ensuring compliance, and monitoring risk exposures across the organisation.


Key Required Skills

An ideal candidate will combine technical expertise in operational risk with strong interpersonal and communication skills, along with a solid understanding of regulatory requirements and risk systems.


Technical Risk Management Skills

  • Operational Risk Framework Experience: Understanding of operational risk management practices, including development, implementation, and monitoring of risk controls.
  • Risk Control Self-Assessment (RCSA): Experience in conducting and supporting RCSA processes to identify and mitigate operational risks across various business units.
  • KRI Development & Monitoring: Knowledge of Key Risk Indicators (KRIs), risk appetite metrics, and their application in risk reporting and management.

Regulatory Knowledge

  • Compliance with Outsourcing and Risk Regulations: Understanding of relevant regulatory guidelines, such as EBA Outsourcing Guidelines, PRA Outsourcing Rules, and FCA/PRA operational resilience requirements.
  • Risk Reporting to Regulators: Experience of supporting risk reporting processes

Analytical and Problem-Solving Abilities

  • Risk Identification and Assessment: Ability to assess and analyse operational risks, identify potential threats, and propose appropriate mitigation strategies.
  • Data Analysis: Skills in analysing risk data, using it to inform business decisions, and presenting clear, actionable insights to senior management.

Communication and Collaboration

  • Stakeholder Engagement: Proven experience in collaborating with various teams (first, second, and third lines of defence).
  • Clear Reporting Skills: Ability to prepare concise and clear risk reports for different levels of the organisation.

Attention to Detail and Organisational Skills

  • Risk Monitoring: Ability to maintain oversight of multiple risk processes and projects simultaneously.
  • Incident Tracking: Organisational skills to track and escalate operational risk incidents and ensure timely resolution.

Proactive and Self-Motivated Approach

  • Continuous Improvement Mindset: Ability to refine and improve risk outlooks.
  • Proactive Risk Identification: A proactive approach to identifying emerging risks and proposing solutions before they escalate into larger issues.

Experience in Risk Systems and Tools

  • Risk Management Software: Ideally, have experience in using risk management systems and software to track, monitor, and report operational risks whether that be in the first of second lines of defence.


Benefits

  • Lifestyle and family friendly policies
  • Health Insurance for you and your spouse
  • 28 days Holiday Entitlement (plus bank holidays) pro-rata
  • Life Insurance
  • Pension Contribution


Must be able to work in the UK without requiring Sponsorship.

No agencies

  • Senior Operational Risk Analyst

    2 weeks ago

    London,, UK, United Kingdom X4 Technology Full time

    Job Title: Senior Operational Risk AnalystType: Full timeLocation: London, 3 days a weekA leading commodity trading organization dedicated to optimizing global trade through innovative solutions and sustainable practices are offering the opportunity for Senior Operational Risk Analyst to join their Operational Risk Management team and play a pivotal role in...

  • Operational Risk Analyst

    2 months ago

    London,, UK, United Kingdom SilverRock Bank Full time

    At SilverRock, we our building a new bank. Our vision is to “Pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper” We are doing this by 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...

  • Risk Analyst

    2 months ago

    London,, UK, United Kingdom RED10 Full time

    Are you looking for a hybrid role in a team offering progression and fantastic culture? Our client is seeking a talented Risk Analyst to join their Enterprise Risk Management (ERM) Team and help ensure robust risk management across their UK operations. Why This Role? Work for an industry-leading insurer focused on innovation and sustainability. As a Risk...

  • Risk Analyst

    3 weeks ago

    London,, UK, United Kingdom Comtecs Group Full time

    Risk Analyst – Cat Risk Modelling, Statistical Analysis, Risk Overviews, Underwriting, Property/Casualty/Specialty Risk, Actuarial/Pricing, Exposure Management; Excel, VBA, SAS, Python etc. Permanent, London (4 days in office, 1 from home). £75k - £85k +Bonus +Benefits.Risk Analysts sought by global Insurance / Reinsurance company working within...

  • Risk Analyst

    3 months ago

    London, UK, UK, United Kingdom Referment Full time

    Referment is working closely with a Boutique Asset Management firm that have a combined total of £20 Billion AUM. They are actively seeking a Risk Analyst to work closely with their Chief Risk Officer on critical risk projects across multiple investment strategies.This is an ideal opportunity for an individual with strong academic credentials and excellent...

  • Operational Risk Associate

    2 months ago

    London, UK, United Kingdom Paritas Recruitment - Risk Full time

    Operational Risk Associate - Commodities Are you an Operational Risk professional who has recent RCSA experience gained in a fast-paced financial services? Are you seeking a fresh challenge and keen to worked in a dynamic and progressive environment? If you answered yes to both of the above, please read on. Based in the heart of the City, you will...

  • Risk Analyst

    3 weeks ago

    London,, UK, United Kingdom Eames Consulting Full time

    Eames Consulting is partnering with a very reputable Lloyd's Insurer who are looking for a Risk Analyst for their London office. Key Responsibilities:Collaborate with business units to embed strong risk management practices.Conduct risk identification, assessment, and reporting across various product lines.Perform scenario analysis to support strategic...

  • Operational Resilience Risk Specialist

    2 months ago

    London, UK, United Kingdom Paritas Recruitment - Risk Full time

    Operational Resilience Risk Specialist - Cyber & Technology A leading UK based bank is currently recruiting for an Operational Resilience professional who has in depth Cyber and Technology exposure. The team sits in the 2nd LOD and provides oversight, guidance, and challenge to the first line, ensuring business activities align with the banks risk...

  • Senior Conduct Risk Analyst

    2 weeks ago

    London,, UK, United Kingdom Eames Consulting Full time

    Eames Consulting is working with a Lloyd's Insurer to bring on board a Senior Conduct Risk Analyst for their London team.We are looking for a Senior Conduct Risk Analyst with a background in product governance and regulatory oversight to ensure adherence to conduct standards across the firm’s operations.Key Responsibilities:Shape and implement product...

  • Technical Risk Business Analyst

    2 months ago

    London,, UK, United Kingdom Bruin Full time

    A fantastic opportunity has arisen for Technical Risk Business Analysts to join a leading Investment Bank on a permanent basis. The ideal candidate will come from a financial services background. Key Skills:• Market Risk/Counterparty Risk• Ability to play techno-functional and do multi-tasking on various topics• IT Infrastructure: Understanding of IT...

  • Operational Risk Analyst

    3 weeks ago

    London, UK, United Kingdom Marlin Selection Full time

    MAIN RESPONSIBILITIES: • Implementing and supporting the Operational Risk framework. • Providing operational risk insights and industry best practices. • Acting as a deputy for the Operational Risk Manager. • Reviewing and improving policies to enhance risk awareness. • Investigating incidents and documenting improvement suggestions. • Developing...

  • Fraud Data Analyst

    2 weeks ago

    London,, UK, United Kingdom LexisNexis Risk Solutions Full time

    Fraud Data Analyst (Russian-speaking)About our Team: You will be part of a team of analysts using global data from the largest real-time fraud detection platform to optimise solutions for our enterprise customers.About the Role: You will use your experience with data analysis to investigate suspicious behaviour. This will provide new insights to customers...

  • Risk Analyst – Solvency II

    4 weeks ago

    London,, UK, United Kingdom Comtecs Group Full time

    Risk Analyst – Solvency II, Bermuda Solvency Capital Requirements (“BSCR”), Quant Analysis, Exposure Management; Excel, VBA, PowerBI etc. Permanent, London (4 days in office, 1 from home). £80k - £85k (Negotiable) +Bonus +Benefits.Risk Analyst sought by global Insurance / Reinsurance company working within Property, Casualty and Specialty...

  • Investment Risk Analyst

    2 weeks ago

    London,, UK, United Kingdom Miryco Consultants Ltd Full time

    Job Title:Investment Risk Analyst (Buy-Side)About the Opportunity:This is an exciting role within a dynamic buy-side investment team that operates at the heart of the investment process. The role provides an opportunity for an ambitious and proactive professional to make a significant impact within a focused investment risk team. Working closely with a...

  • Senior Risk Pricing Analyst

    2 months ago

    London,, UK, United Kingdom Eames Consulting Full time

    Senior Risk Pricing Analyst. Our client is looking for a Lead Retail Pricing Analyst who has at least 5 years’ experience within an insurer environment, preferably in UK motor and home insurance. The company is the leading home and motor Insurtech in the UK, who are going through a stage of exciting growth across retail risk and pricing.

  • Risk and Compliance Analyst

    2 weeks ago

    London, UK, United Kingdom MCKINLAY LAW Full time

    Job Title: Risk and Compliance Analyst Location: Central London Salary: to £43,000 depending on experience + excellent benefits Hybrid: 3 office / 2 home Leading, tier 1 law firm are looking for a risk and compliance analyst to join their small team and assist with AML checks, risk and compliance, and conflict checks. This is a varied and generalist role...

  • Credit Risk Analyst

    3 weeks ago

    London,, UK, United Kingdom ClearToken Full time

    Credit Risk AnalystCentral LondonType of Contract: Permanent or Short Term ContractReporting to: Head of RiskClearToken is the first clearing house for digital assets. Founded in 2021, it has rapidly received significant interest from some of the largest players in the industry. Last year, it completed a proof-of-concept demonstrating the demand and...

  • Credit Risk Analyst

    2 months ago

    London,, UK, United Kingdom Roka Search Full time

    Role Title: Credit Risk Analyst Sector Focus: Project Finance / Acquisition Finance / Asset-based FinanceCore ResponsibilitiesYou will be part of the credit team that manages a large portfolio of accounts across the diverse project finance and asset acquisition finance spectrum.You will manage a credit portfolio including applications and approval process,...

  • Third Party Risk Manager

    2 weeks ago

    London, UK, United Kingdom Paritas Recruitment - Risk Full time

    Third Party Risk Manager A global trading firm in London is recruiting for Third Party Risk Manager to join their ranks and lead on the remediation activity relating to Procurement and Supplier management, as part of the firms Global Strategic Operational Resilience Road Map. You will review a central list of third parties and undertake a gap analysis to...

  • Senior Risk and Compliance Analyst

    3 weeks ago

    London, UK, United Kingdom MCKINLAY LAW Full time

    Job Title: Senior Risk and Compliance Analyst Location: Central London Salary: to £58,000 depending on experience Hybrid: 3 office / 2 home Tier 1 law firm are looking for a senior risk and compliance analyst to join their team and work closely with the Risk and Compliance Manager to help ensure that the firm complies with relevant regulations and...