Role title: Operations specialist looking for an operational risk role?

CassonX are delighted to be the leading recruitment partner for this prestigious and profitable international bank that provides treasury, trade and lending solutions here for their European clients. This City of London based bank offers all employees the chance to have long term careers and only employs those who enjoy life and will be accountable for all their actions. They have excellent working conditions like a work / life balance attitude and the chance to make a difference.

To be considered for the role, CassonX are ideally looking to identify someone who is either a supervisor or manager of an Operations function and would like to embark on a career in Operational Risk. This is an excellent chance for you to step-up! The ideal person is someone who has experience from a smaller bank in London and exposure to Treasury Operations, Credit/Loan Operations or Trade Finance Operations and with experience in a variety of projects that may include Business Continuity (BCP), writing Procedures, System enhancements, Audit/Compliance requests, Offshoring/Nearshoring or improving efficiencies. You don't necessarily need to be familiar with Operational Risk Frameworks, but if you have an understanding of either a second line of defense or oversight / responsibility of the framework, then this is deemed advantageous.

In coordination and reporting into the Operations Manager, you must want to be able to extract key information from policies, procedures, standards and regulatory papers to proactively facilitate appropriate change into Operational processes, and proactively review current processes and constructively recommends improvements (develop MI and proactively manage the framework). Of course you must be a person who confidently learns new topics and embraces a changing regulatory environment (recent changes include FCA, BoE and FACTA). This role has responsibility for one junior member of staff but you will be the "go-to" person both internally and externally for anything Operational Risk for the whole branch.

The successful individual will ensure compliance with all Group Operational Risk Management Policies, Procedures and Standards, whilst championing a culture of operational risk awareness. This will involve supporting compliance with UK regulations particularly; Operational Risk, Business Continuity Planning, Outsourcing, Data Protection, Customer Service, Payment Services and Customer Complaints Handling:

Review Group Operational Risk Management policies, procedures and standards and facilitate implementation at Branch level. Provide independent assurance that appropriate processes and controls remain embedded into their daily BAU.
Own the Operational Risk Function’s Risk & Control Self-Assessment.
Support the Branch’s Risk & Control Self-Assessment framework, providing guidance and assistance to others. Perform periodic reviews of departmental submissions for quality assurance purposes.
Co-ordinate preparation of the monthly Operational Risk Forum presentation pack. Attend the meeting, document and distribute the minutes accordingly.
Own the Operational Risk Workbook, ensuring all tasks are completed timeously.
Co-ordinate our periodic KYV and Due Diligence process in support of the Branch’s External Service Provider & Vendor framework.
Independently review all Operational Incidents. Ensure adequate root-cause analysis is performed with appropriate controls and processes established to mitigate future re-occurrence. Ensure appropriate classification of Operational Incidents and escalation via the appropriate reporting tools.
Co-ordinate the review of other Branch Audit Observations. Provide independent qualitative assurance of responses provided by each department.
Co-ordinate the Branch’s efforts in relation to Business Continuity Management. Ensure all aspects of the yearly schedule are completed timeously.
Co-ordinate periodic training and briefings to Branch staff to increase operational risk awareness.
Monitor regulatory change affecting the Operational landscape and co-ordinate implementation of such regulatory change into our processes
Own the GDPR Framework, ensuring we maintain Privacy by Design and Default
Attend external briefings / seminars / working groups to ensure appropriate industry best practices are embedded into our processes
More information is available once we have received a relevant CV.

Please forward an up to date copy of your CV to [email protected]

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