Operational Risk Analyst - contract - Randstad Financial & Professional - eFinancialCareers : Job Details

Support the business to allow them to identify, remediate and manage their risks and base their risk related decisions on timely and accurate substantive information.

Follow up on actual operational risk events, minimise loss and mitigate against future losses. Support the embedding of the Operational Risk Framework and associated OR policies in the business and functions.

Key Accountabilities:

• Execution of the ORCAMP (risk assessment programme) to a high standard. Provide support to facilitate compliance with significant regulatory and risk initiatives for the business lines and functions assigned.Execute operational risk assessments to a high standard and on a timely basis and provide guidance and input to other team members
• Support loss event processing, identification of root causes, remediation, tracking, etc.
• Proactively identify business and functions’ operational risks
• Develop strong product, business and front to back process knowledge to allow risk identification ahead of time
• Develop real time knowledge of activities and risk issues in the business lines and functions assigned
• Support embedding of OR policies and Risk management framework in the business lines and functions assigned
• Review and analyse risk data and determine adverse trends for escalation and understand emerging themes
• Keep OR management abreast of issues and activities
• Ensure cross pollination of risk issues and learnings across the regions and globally
• Providing input into the reporting team’s activities for the local and global levels
• Ensure SOX documentation requirements and standards are met and that design effectiveness walkthroughs are performed (as part of the risk assessments)
• Provide support to other OR teams as required to ensure completeness of risk assessment coverage across CM units and assist with developing consistency of OR approaches across divisions, where applicable
• Develop and maintain a network of effective contacts in the business and functions and leverage these relationships in the performance of OR processes, embedding of policies, etc.
• Other tasks and responsibilities assigned by Director, Operational Risk.

Knowledge and Experience:

• Experience of executing OR propositions and frameworks
• Business relationship management experience from an operational risk perspective
• Operational risk and capital markets (business and products) experience
• Previous FO, functions and/or Audit or Risk Management experience
• Skills and Competencies
• Leadership potential
• Strong sense of motivation and initiative is required
• Ability to work independently without immediate supervision
• Ability to work in a rapidly changing field
• Project management experience is a plus