Operational Risk Manager (Private Bank)

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Investec Bank plc
  • 17 Oct 18

Operational Risk Manager (Private Bank)

Description of Role and Key Responsibilities
Overseeing the implementation of the Operational Risk Framework for IBP Private Bank.
This includes:

  • Effectively identify, quantify and monitor the Operational Risk profiles. Provide aggregated management reporting of control weakness and / or control assurance enable effective operational risk oversight and management
  • Facilitate risk assessments with business units and support functions. Includes full end to end trade lifecycle controls and associated material risks across support functions
  • Timely capture and challenge of operational risk events, with appropriate escalation and root cause trend analysis
  • Maintain, update and implement Operational Risk policies and framework with key stakeholders and business units
  • Manage the ICAAP scenario analysis programme and workshops to stress the control environment for each material risk and ensure appropriate capital for operational risk. Engage fully with business units and control functions to combine SME knowledge
  • Plan and coordinate assessment of outsource service arrangements including the consolidation and verification of the key SLAs and risk indicators
  • Assist in the planning and execution of thematic reviews based on external events or cross IBP issues with the identification of pragmatic solutions to address control weakness or exposure
  • Assist with tracking and reporting of Internal Audit and Compliance Monitoring findings, to enable timely review and closure
  • Update and reviewing BCP plans for business units. Where necessary assist in the co-ordinations of testing
  • Participation in Operational Risk forums and working groups. Promote operational risk awareness and conduct training for all employees
  • Prepare or assist with the production of aggregate IBP Operational Risk Management reporting
  • Interact and co-ordinate with IT Operational Risk teams and assist with IT incidents
  • Review and approve new products, businesses and projects in accordance with policy
  • Maintain relationships with key Operational risk bodies, such as ORX, ORIC
Compliance
  • Interact and coordinate with the IBP Compliance Advisory & Financial Crime teams
Project Related Activities
  • Assist and identify risks during delivery of projects, special initiatives, new products, issue resolution and business opportunities
Core Skills and Attributes
Technical knowledge
  • Thorough understanding of risks and controls within a financial services company. Ability to advise on appropriate controls and risk mitigation
  • Detailed knowledge of private banking products and services - Including full trade lifecycle understanding, balance sheet risk and compliance considerations
  • Detailed knowledge of operational risk management methodologies and principles
  • Knowledge of Basel II/ORX Ops Risk Standardised P2a methodologies and principles.
  • Thorough understanding of controls within a financial services company across the trade lifecycle, with understanding of balance sheet risk and compliance considerations
  • Knowledge of operational risk management methodologies and principles
  • A good working knowledge of Microsoft Office (Excel, Word and PowerPoint)
  • Understanding of BCP incident and crisis management
Skills and how they are applied
  • Communication - engage with a wide range of colleagues and articulately discuss / write report on various issue (verbal / written / presentation)
  • Challenge - ability to challenge multiple SMEs and management on a wide range of topics and risks.
  • Attention to detail - to pick up on errors and produce accurate work, with strong analytical capability
  • Organised - work to multiple deadlines yet maintain flexibility through the workday
  • Strong interpersonal and relationship management skills
  • Coaching - with colleagues and stakeholders. Ensure that the knowledge transfer and learning and development is given to individuals and wider risk team where appropriate
Changes in the market, products, legislation & regulation relevant to the business area
  • Awareness to changes in markets, products, legislation and regulatory bodies that could affect Investec Bank Plc
  • Maintain relationships with key Operational risk bodies, such as ORIC, ORX, with awareness of external events