Partner sites:EURES

Operational Risk Analyst

by:  Wallace Myers International

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This Operational Risk Analyst role will responsible for supporting development, and monitoring the implementation, of all relevant Frameworks and Policies in relation to People and Process risk management.

  • Supporting the revision and updating of relevant risk management Frameworks, Policies, Systems, Processes and Tools on a periodic basis and supporting the communication and embedding of these in the First Line effectively
  • Supporting the Operational Risk Manager in ensuring that the above Frameworks and Tools cover risk identification, assessment, mitigation, monitoring and reporting
  • Supporting the First Line in designing controls for the effective management of People and Process related risks 
  • Supporting the risk identification and assessment processes conducted by the First Line (specific to People and Process risks and for designated areas) which includes supporting top‐down risk assessments as well as collating, reviewing and challenging the 'bottom‐up' risk and control assessments prepared by relevant first line colleagues
  • Supporting the Manager in reviewing, checking and challenging relevant Risk and Control Self‐Assessments (RCSAs) completed and submitted by First Line business functions to ensure that these are complete, consistent and meet appropriate quality standards (as stipulated in relevant Frameworks and Policies)
  • Supporting the identification and reporting of any gaps in the Group's People and Process risk management
  • Reviewing operational risk events
  • Providing advice and guidance relating to risk management practices, standards and procedures for the effective management of People and Process risks (including preparation and implementation of relevant risk management training materials or other culture initiatives), as directed by the Operational Risk Manager
  • Supporting oversight of the effectiveness of systems and controls in place relating to People and Process risk management
  • Building collaborative and constructive working relationships across all relevant Frist Line business functions, for example, Group Operations, Payments, Procurement, Fraud (FCLPU), HR, Finance, Distribution, AMU and other internal Head Office teams
  • Monitoring and Reporting on People and Process risks (for designated areas)
  • Supporting development and monitoring of a suite of operational risk metrics (including KRIs and risk appetite metrics)
  • Supporting the development of escalation processes and effective reporting to appropriate Management bodies as appropriate (for example, relating to risk events, KRIs or breaches of risk appetite)
  • Monitoring emerging trends relating to People and Process risks (for designated areas) and working collaboratively with First Line colleagues to ensure that risk management processes are updated to reflect any potential enhancements or changed requirements


  • A minimum of 2 years' experience in a related field
  • Bachelor's degree required
  • Relevant professional certifications desirable, e.g. PRMIA
  • Knowledge of applicable risk management and control guidelines or requirements in relation to People and Process risks desirable
  • Excellent communication skills - written and verbal and an ability to work effectively with First Line colleagues in the management and delivery of risk and control assessments
  • Good analytical skills, relevant for the preparation of relevant risk reports
  • Solid critical thinking skills: creative, strategic and practical ability to focus on the most vital areas, problem‐solving skills and strong business and relationship judgement
  • Must be proficient in PowerPoint, Excel, Word, Outlook and appropriate Risk Management software packages
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