Operational Risk – 2nd Line Defence

As an Operational Risk Analyst you will act as a trusted advisor to the front office and support functions, ensuring that operational risks are effectively identified, assessed, monitored, and mitigated. You will play a key role in strengthening the risk framework and promoting a strong risk culture across the organisation.

Key Responsibilities

• Provide independent oversight and challenge to the First Line of Defence on operational risk matters
• Lead and support Risk & Control Self-Assessments (RCSAs) across capital markets activities
• Analyse and report on operational risk events, incidents, and near misses
• Develop and monitor Key Risk Indicators (KRIs) and risk appetite metrics
• Review and challenge new product approvals, process changes, and strategic initiatives
• Support scenario analysis and stress testing exercises
• Prepare high-quality risk reporting for senior management and risk committees
• Ensure compliance with regulatory expectations and internal risk frameworks
• Drive continuous improvement in risk management practices and controls

Requirements

• Proven experience in operational risk within banking
• Strong understanding of Second Line of Defence principles and governance frameworks
• Familiarity with regulatory expectations (e.g. Basel frameworks, UK/EU regulations)
• Excellent analytical skills with the ability to interpret complex data and risk scenarios
• Strong stakeholder management skills with confidence to challenge senior colleagues constructively
• Experience with RCSA, KRI development, and incident management
• Professional certifications (e.g. FRM, PRM, ICA) are advantageous

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