Description
Operational Risk Manager
Our client, a leading Financia Services firm are looking to hire a Operational Risk Manager.
Purpose of your role
The purpose of the role is to provide risk advisory service, support and challenge within investment management activity in the UK. This role needs to ensure that risks are managed in line with risk appetite, issues are resolved satisfactorily and risk frameworks are Embedded and complied with. This will primarily focus on operational risk, supporting the Global and UK Risk teams. Some support will also be required to the Head of Investment Risk Oversight, in ensuring oversight and governance across all aspects of risk within the investment function.
The role will work closely with the Global Risk team, other Oversight functions, Policy and Business areas, and will be required to work across the Matrix of functions that support the UK business, across all its locations.
Key Responsibilities
- Be an effective risk partner to the designated business and oversee all risk activities, with particular focus on Equites, Fixed Income and Multi Asset. Provide risk insight and help the business to fully understand their risk profile
- Drive the business to develop and maintain a proactive and open risk culture
- Proactively challenge existing practices and recommend risk solutions carried out on behalf of the UK legal entities
- Identify, assess, manage and report emerging risks to the UK Business and Investment Management Boards. Actively support risk assessment and scenario planning exercises and ensure that these are carried out on a regular basis, are insightful, forward-looking and actionable
- Embed Group-wide risk management frameworks and systems within the business. Drive continuous improvement and excellence
- Provide leadership when major incident and events occur and ensure that appropriate escalation takes place and mitigation activities are actioned
- Provide risk management training and education to increase risk awareness in the business
- Carry out risk-based reviews and provide assurance to the business that current processes are operating as intended and in line with risk appetite. Where control weaknesses or adverse customer journeys are identified recommend mitigation actions
- Continuously improve risk monitoring and reporting to key stakeholders and committees
- Support the business in prioritisation decisions
- Support the head of the Investment Management Risk Oversight with establishing and managing a relevant risk framework for the oversight of investment management risk.
This may include:- market risk
- derivatives risk
- sub-advised risk
- liquidity (fund) risk
- counterparty (fund and corporate) risk.
Experience and Qualifications
- Wide and proven experience in Risk operating within a management role within Investment Management
- Ensure the timely production and distribution of risk reports to a high quality standard to committees and boards
- Proven leadership skills
- Hands-on mentality
- Excellent at providing innovative ideas and comfortable working under pressure
- Strong analytical and problem solving skills
- Outstanding communication and negotiation skills
- Dedicated to maintaining high quality standards and client satisfaction
- University degree in Business Management, Finance or similar