Operational Risk - VP

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 20 Oct 17 2017-10-20

Tier 1 Investment Bank is looking for an experienced Operational Risk & Control VP, candidates must have solid Operational Risk expertise within an Investment Banking environment.

Role Purpose
* Provide global Risk & Control oversight and support for the Operations function.
* Setting and driving the R&C agenda
* working with R&C and line teams based across Europe, North America and Asia
* Leverage KCI and KRIs to monitor Operations control environment
* Co-ordination of Operations data at weekly risk meetings
* Definition, analysis and reporting of KPI (Key Performance Indicators) including presentation to management
* Continuous improvement of the RCA process
* Ensure timely escalation of significant risk issues
* Lead projects to strengthen the control environment
* Liaise with internal and external audit teams on testing of controls


Key Accountabilities
* Conduct review of RCA results work with the line to review results and challenge feedback
* Perform risk assessment analytics on RCA and investigate into RED and AMBER issues to ensure transparency and oversight to Senior Management
* Collate RCA results, review findings and reporting feedback to senior management
* Leverage KCI and KRIs to monitor Operations control environment
* Maintain gap and issues log and track remediation progress
* Work with Operational Risk Team to ensure that the RCA is linked to their control framework
* Sound understanding of the Operations Best Practices Policies and partner closely with the Risk & Controllers in the line to understand the knock-on impact of policies on our current state control environment, working with them on an agreed remediation plan
* Training - Providing education and training support when required to ensure awareness of risk in order to avoid reputation damage and other risks for the company
* Drive centrally driven continuous improvement agenda to provide consistent standards and across all Operations businesses ensuring key risks are identified to senior management.
* Partner with the Risk & Control Officers to build a strong incident & credit crisis control framework to assess and manage risk.


Essential Skills
* Strong knowledge of risk and control framework within the IB
* Experience in the Investment banking industry or other business-related institution
* Ability to effectively time manage and prioritize multiple requests and deadlines
* Excellent analytical skills and attention to detail; comfortable in challenging the status quo, and undertaking analysis to better understand business issues and to propose solutions
* Good/working knowledge of the Investment bank operations department
* Intermediate MS Excel skills w/ understanding of databases
* Intermediate MS PowerPoint skills with strong written and oral communication skills
* Strong analytical skills
* Knowledge of transaction lifecycle