Operational Risk Officer

Supports the Head of Operational Risk in implementing the Operational Risk (OR) Framework, overseeing OR controls, and ensuring compliance with regulatory requirements.

Key Responsibilities:

1. Oversight: Ensures OR controls mitigate risks, prepares risk reports, coordinates the Operational Risk Committee, conducts independent control testing, and reviews SOPs.
2. Challenge: Assesses new/existing OR controls, identifies risks, reviews event reports, and challenges risk assessments.
3. Coordination: Maintains OR and Fraud Policies, oversees the Bank’s Fraud Risk Management, and educates staff on OR matters.
4. Risk & Regulatory Compliance: Stays updated on regulations, reports breaches, and ensures compliance.
5. Training & Conduct: Completes mandatory training and adheres to FCA/PRA Code of Conduct.

Skills & Experience:

1. Strong knowledge of OR Frameworks, banking structures, products, and risk management.
2. Understanding of transaction processing, control frameworks, accounting, and regulatory developments.

Seniority level

Associate

Employment type

Full-time

Job function

Analyst, Finance, and Quality Assurance

Industries

Banking

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