Purpose:
Contributes to the success of the Operational Risk Oversight in London ensuring specific individual goals, plans and initiatives are delivered in line with business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Responsible for providing support and guidance to business line management for managing operational risk, work with a team that helps ensure an effective system of internal controls.
Enhance risk governance & controls as well as supervision and oversight of processes
Responsibilities:
Understand how risk appetite and risk culture should be considered in day-to-day activities and decisions.
Ensure effectiveness of day-to-day business controls to meet obligations with respect to operational risk and others
Manage onboarding, documentation, access management on behalf of the business lines ensuring business usage in a controlled manner and in adherence with regulatory requirements, specifically MiFID II.
Coordinate team reporting requirements, supervisory oversight and Management information packs as required for senior stakeholders and governance committees. .
Coordinate and follow up on Operational Risk Management Framework actions issued from Risk and Control Self Assessments and Operational Risk Events.
As required complete key control testing and monitoring.
Provide additional coverage for 1st line communication surveillance as required.
Participation in Regulatory initiatives as required.
Education/Work Experience:
University Degree or a minimum of 3 years of experience in banking environment;
Expert/good working knowledge of internal controls;
Understanding of a Markets environment, demands of stakeholders in this environment and related products, securities and derivatives.
Strong understanding of Management Information reporting
Strong computer skills, particularly in consolidation manipulation and numerous large data sets.
Accuracy and attention to detail
Good communication skills
