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Business Risk and Control Manager - Global Wholesale Banking Group - Up to £100,000 + Bonus + Benefi

Employer
LH Partners
Location
London, United Kingdom
Salary
Up to £100,000 + Bonus + Benefits
Closing date
Jul 29, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Lastly, you will provide support in investigating and resolving incidents related to the third line of defence (3LoD) audit/internal audit actions and issues. This is full time permanent position.

This role will also be able to provide excellent work-life balance while offering a nice team and positive working environment. Lastly, the bank is based in the City with a hybrid working model (3 days from the office and 2 from home).

Profile Criteria:
  1. Finance and/or Operational Risk and Control professional with experience ideally from the banking sector (but will also consider those from wider financial services)
  2. Ideally 6-10 years of relevant risk and control experience
  3. Hands-on nature to work initially in a sole-charge role to help set up the function and its processes
  4. Good communication, presentation and relationship building skills

Key Responsibilities:
  • Advise and support the risk/control owners within the Finance department in identifying and assessing non-financial risks (e.g. Financial Crime, Regulatory Compliance, Business Continuity Risk) captured under the Operational Risk Taxonomy and the associated controls to mitigate those risks.
  • Collaborate with internal stakeholders to design and implement new controls, as necessary.
  • Execute 1LoD operational risk management programme (e.g. RCSA, KRI, ORE, External Events), the New Product Approval Process, and 1LoD assessment/attestation for specific non-financial risks.
  • Analyse business processes and systems to evaluate their susceptibility to risks and propose mitigation strategies.
  • Assist in the development and implementation of policies and procedures to meet regulatory obligations.
  • Work with stakeholders to analyse emerging trends, incidents and reportable operational risk event (ORE) to identify underlying issues, assess potential risk/impact and establish appropriate solution or remedial actions.
  • Maintain a good overview of the Finance department's operational risk profile and control environment. Track and follow-up on issues identified from various channels, associated remedial actions and status of action implementation.
  • Advise and support the business in reviewing policies and/or procedures and overseeing the business execution as well as in designing/identifying and documenting controls in the business that meet the Bank's requirements and regulatory requirements.
  • Act as the key point of contact on operational risk and controls matters. Maintain effective end-to-end engagement within the bank or with members in up/downstream areas as well as 2LoD oversight functions for various non-financial risk types.
  • Participate and contribute to key risk governance forums/committees as the Finance department's risks and controls representative.
  • Prepare and present reports on risk assessments and control evaluations to senior management and key risk governance forums/committees.
  • Escalate to management and governance forums on material concerns, persistent issues or breaches of rules, regulation, policies or procedures.
  • Recommend training and development requirements to support the Bank's risk and control frameworks

Skills, Experience and Attributes:
  • Degree educated in Business Administration, Finance, Economics, or other equivalent.
  • Solid experience gained in a Commercial or Retail Banking, Consultancy or Audit in similar area.
  • Good familiarity with the regulatory requirements of Commercial Banking or Retail Banking business and common market principles.
  • Solid understanding of financial products, services, process and risk management process.
  • Ability to handle multiple projects and priorities concurrently and manage business expectations accordingly.
  • Excellent analytical and problem-solving skills.
  • Proficient in Microsoft Office (Word, PowerPoint, Excel).
  • Excellent communication skills.
  • Excellent interpersonal and stakeholder management skills

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