Head of Operational Risk Oversight

2 days ago


Cirencester, Gloucestershire, United Kingdom myGwork Full time

This job is with St. James's Place, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

What you'll be doing:

The main purpose of the role is to support the Group CRO, Group Risk Divisional Director and Head of Operational Risk in delivering on the strategy in a risk aware manner by identifying and managing the risks effectively through taking accountability for operational risk oversight.

Reporting to the Head of Operational Risk, you will play a critical role in overseeing the implementation and embedding of the operational elements of the risk and control management framework, and actively promote a risk and control conscious culture across the business.

Key Responsibilities:
  • Ensure effective implementation and embedding of the risk and control management framework.
  • Collaborate with risk business partners to provide effective 2nd line oversight and challenge of the business.
  • Ensure material operational risks are identified, assessed and managed in line with risk appetite.
  • Ensure material risks and key controls are recorded on the risk system whilst escalating key operational risk matters as appropriate.
  • Support and challenge risk and control assessments and recommend enhancements to internal controls and mitigation plans.
  • Input to and lead Risk oversight of key programmes where appropriate.
  • Organise the execution of operational risk capital assessments feeding into the wider capital adequacy and assessment process and ORSA reporting.
  • Organise the annual Executive attestation process, reporting on the effectiveness of the business risk management and internal control systems as set out under the UK Corporate Governance Code.
  • Provide specialist technical knowledge and business awareness whilst also providing training and mentorship to other members of the operational risk team.
Who we're looking for:

You will be an experienced risk professional with a strong background working within Financial Services with a comprehensive understanding of risk management processes and controls. Your previous experience will be within a risk management, audit or compliance based role.

You will have strong knowledge of risk assessment techniques, control frameworks, and risk mitigation strategies with broad experience utilising risk management tools and systems. You will have good familiarity with UK regulatory requirements (related to Wealth would be a highly advantageous).

You will have strong all round communication skills, able to communicate technical subjects in a concise and clear manner to a wide audience. You will have excellent and pro-active problem solving ability, with strong analysis skills. You will have strong interpersonal skills, able to build networks effectively.

Desirable Skills/Experience

Experience related to the Wealth Management sector, with familiarity with advice, appropriate products, services, operations and regulation.

For this role there is a preference for Enterprise Risk Management qualifications or other professional qualifications relating to Financial Services, but these are by no means essential.



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