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Director of Operational Risk

Information About This Job

Job Title: Director of Operational Risk
Contract Type: Permanent
Location: London
Contact Name: Adam Small
Contact Email:
Job Published: about 1 year ago

Job Description

About The Company

The company is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2017, through its subsidiaries and partnerships in which the company has a significant interest, the company manages, advises or administers $861 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $337 billion in assets under management and $518 billion in client assets under administration.


About The Role

  • This role will report to the Head of Risk and will assist with in the management of the Risk Function and in the overall achievement of its objectives.

  • Advise and help the business in the identification, measuring, recording & managing of its risks.

  • Assist the business to define its risk universe, to include an ongoing education programme.

  • Assisting the Head of Risk with the production and maintenance of Risk policies the Risk Management Framework (RMF) and supporting documentation.

  • Assist the Head of Risk in the supporting the ICAAP process, working with the business to help with the identification of stress tests and supporting quantification.


Key Responsibilities

  • Working with the first line of the business to coordinate & implement Risk Management Framework activities. Assist the first line business to identify, define, mitigate & but also support & challenge the risks and record appropriately.

  • Oversight of the incident data base, to produce and develop regular and ad hoc summary reports as required.

  • To plan and execute the regular reporting of incident MI to the business. To lead on the development of more detailed monthly reporting and review of incident MI, as required by the business and or the Board.

  • From the incident data base, producing MI reports, raising and dealing with queries arising, trend reporting.

  • Assisting the business with quantification of incidents, identifying the associated risk register entry and updating as required.

  • To develop an initial impact assessment for Incidents as per the revised Risk Management Framework (RMF) guidelines.

  • To assist the Head of Risk in the production and maintenance of Risk Policies, Risk Management Framework, and the supporting Risk Plan.

  • In conjunction with the Head of Risk, helping to define and report Key Risk Indicators (KRI’s)/Metrics.

  • Undertake Thematic Reviews, Case Studies.

  • Help the business define and identify Emerging Risks

  • Assist with Data Protection queries.

  • Sample checking of risks as recorded across the risk registers, (inherent and residual) against the overall and individual risk appetite categories.

  • Assist the business define, mitigate & challenge project risks, and advising and challenging Product related risks as presented to the Product Services Committee.


Additional Responsibilities

  • Maintain current knowledge re market conditions, regulation, products and services, etc.

  • Maintenance and updating of internal systems/ data reference points in agreed format to ensure consistency and communication of relevant information within the team and ensure integrity of data.

  • Any other ad-hoc projects as required.

  •  Adhere to all relevant regulatory and established good risk management practice.


Skills & Experience

  • Ideally degree educated (or equivalent) & relevant risk qualification (or equivalent)

  • Excellent written and oral communication ability.

  • Strong work ethic, methodical and good attention to detail

  • Ability to multi-task and prioritize

  • Good technical knowledge of excel/PowerPoint/word

  • Excellent knowledge of incident/breach/control/risk management processes

  • Able to work alone and support one team member.

  • Willingness to speak to people and good ability to interact with people.

  • Willing to learn quickly

  • Flexible approach


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