Operational Risk Manager

Posted 31 July by Chamberlain Career Management Limited Easy Apply Featured

Position: Operational Risk Manager

Reports to: Head of Compliance and Operational Risk (HoCOR)

Location: Warrington, UK

Our client is a rapidly growing, leading London-based fintech firm, focusing solely on monetising future cashflows and providing early funding to suppliers. They firmly believe that technology and financial innovation can be used to make funding cheaper and more readily available to everyone, from multinational businesses to SMEs.

Head-quartered in London (with offices in New York, Chicago, Miami, Frankfurt, Bremen, Johannesburg, Sydney, Bundaberg, Singapore and Warrington), the firm was founded in 2011 and is managed by a highly experienced team of fixed income and trade finance specialists with the goal of providing innovative and alternative working capital finance solutions globally.

Our client is an active and established investor in supply chain finance assets utilising its own balance sheet as well as that of its subsidiary bank based in Germany.As well as holding assets, the team actively distributes assets to a wide range of investors including banks and institutional investors, in turn creating a wide range of credit appetite for its deals.

Reporting to the HoCOR the ideal candidate will be proficient in supporting the implementation of a compliance and risk framework in line with the business requirements but also the wider financial industry. Have experience in providing effective oversight, advice, challenge and risk reporting. Competent at undertaking event root cause analysis, risk and control assessments and assurance. Being able to communicate at all levels is essential to effectively embed the framework so it is understood by all. Previous experience of working within a similar role is essential.

Key job activities:

  • Support the development and implementation of the Operation Risk framework.
  • Develop and undertake an annual assurance programme to include control testing and thematic reviews on a risk based approach.

  • Perform annual Risk and Control Assessments or E2E reviews of key operational process to identify risks and ensure the control are adequate and effective; unmitigated risks to be escalated and appropriate controls identified and implemented.

  • Lead and co-ordinate the investigations of process events and the preparation of reports. This will also include identification of systematic root causes and themes for escalations.

  • Perform root cause analysis for identified risks and develop solutions to bring these risk back within risk appetite.

  • Support the preparation and continuous enhancement of monthly Operational Risk reporting including key risk measures, events, control effectiveness and dashboards.

  • Support the championing of a proactive risk culture across the business.

  • Support the CRO and HoCOR on all aspects of Risks.

  • Support the wider Risk Team as directed by line management.

Qualifications:

  • Degree level education Business or Finance subjects preferred.
  • IRM or ICA or equivalent Compliance/Risk/Audit qualification.

Skills:

  • Proven track record in applying good judgement based on business information and assessment frameworks in order to determine the degree of risk posed by actions and issues within the business

  • Experience of working within an Operational Risk and/or Compliance department undertaking event management and root cause analysis.

  • Experience in the developing and undertaking an annual assurance testing programming.

  • Experience of undertaking Risk and Control Assessments.

  • Proven experience of influencing stakeholders at all levels across the business.

  • Drive and passion to continually raise the bar and support the development of a proactive risk culture.

  • Excellent communication skills with the ability to build stakeholder relationships, collaborate with front office and support functions at all levels;

Competencies:

  • Able to build productive working relationships with Front, Middle and Back offices.
  • Strong analytical skills with the ability to assess key risks.

  • Outstanding writing and visual communication skills, with strong attention to detail.

  • Ability to work in a multicultural environment and across multiple time zones.

  • Strong desire and ability to learn new skills.

  • Achieving (results focussed, takes initiatives, concern for excellence).

  • Drive and desire to contribute as part of a successful team and cope with rapid business growth.

Experience:

Minimum five years relevant experience of working within a Risk management function either within a large or challenger bank, financial institution or regulated <sp

Required skills

  • Compliance
  • Operational Risk
  • Operational Risk Management
  • Commercial Banking
  • Risk Frameworks

Reference: 35763776

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