Operational Risk
Operational Risk
Posted on :
07-06-2025
Employer Active
1 Vacancy
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Job Description
To provide 2LoD oversight advice challenge and independent assurance to Crown Agents Bank and Crown Agents Investment Management (and its subsidiaries / branches (as required)) whilst ensuring Operational Risk & its associated component parts are clearly defined and embedded within the business horizon scanning and adherence to regulatory requirements.
Business Impact
- Support the Head of Operational Risk in the independent oversight of Operational Risk across the Bank.
- Responsibility for enhancing the Operational Risk Management Framework and its associated components (Risk & Control Self Assessments (RCSA) incidents operational scenario analysis etc).
- Providing robust oversight and challenge to RCSAs risk assessments performed as part of new product / initiative development.
- Enhancing and standardising 2LoD owned policies and procedures. Ensure these polices are understood communicated and embedded and complied with across the Bank.
- Engagement with 1LoD to ensure policies and procedures adhere to developed standards and guidelines.
- Training and educating the 1LoD to embed the Operational Risk Management Policy within their respective areas.
- Preparing risk committee and board papers as required including robust management of known audit and control weaknesses.
- Developing managing and providing oversight of FCA / PRA requirements around Operational Risk.
- Identifying developing introducing the control framework and assurance activities associated with this. Maintaining clear support documentations and integrity of the control framework through maintenance of control libraries frameworks and control assurance testing.
- Enhancing Operational Resilience and Business Continuity requirements across the business.
- Review and enhance existing induction & continuous risk training across the Bank.
- Support the embedding of an effective risk culture encourage risk awareness across thew Bank and its activities.
- Provide specialist input in strategic planning providing evaluation of risk and solutions in order to drive continuous improvement.
- Managing material operation risk exposures and activities in across the Bank in line with Operational Risk appetite framework policies procedures and other controls.
- Support and develop ICAAP scenarios workshop these and draw to a conclusion.
Stakeholder Management
- Working in partnership with the business to build effective business relationships becoming the first point of call (from a 2LoD perspective) for strategic project engagements early discussions.
Teamwork
- Provide support and guidance to junior members of the team to build their Operational Risk knowledge.
- Work collaboratively across the team to identify knowledge gaps encourage open dialogue offer support to one another with a view of working effectively to resolve issues in a proactive manner.
Qualifications :
- Professional or industry qualification such as IOR IRM or equivalent.
Experience:
- In-depth knowledge of the UK financial services and regulatory framework
- Several years of risk management experience at a senior level
- Exposure to Enterprise Risk Management Frameworks and other risk types such as financial crime credit liquidity conduct etc.
- Extensive experience and knowledge of Operational Risk
Additional Information :
- Hybrid working
- Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
- Life Assurance 4 times annual salary
- Group Income Protection
- Private Medical Insurance this may include cover for partner and or children at company cost. Cover includes Optical Dental and Audiology
- Discretionary Bonus
- Competitive Annual Leave
- 2 Volunteering Days
- Benefit Hub
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
Department / Functional Area
Key Skills
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