Operational Risk Manager
Dublin City Centre
Permanent
Negotiable
Ref: E14164NB
Job Description
My Dublin City Centre based client is recruiting for an Operational Risk Manager to join the team on a permanent basis. This role will be working off a hybrid model.
My Dublin City Centre based client is recruiting for an Operational Risk Manager to join the team on a permanent basis. This role will be working off a hybrid model. The Risk Manager will be responsible for executing, reviewing and assessing appreciate level 2 controls in monitoring & testing for the Operational risk. You will closely with Senior Management across the business and will formulate & implement the annual risk based monitoring and test plan.
Job Responsibilities
- Risk framework/ programme development
- You will input to the design of an appropriate Regulatory & Operational Risk Control Framework in line with the Enterprise Risk Management
- You will ensure implementation of regulatory & operational risk control standards providing guidance as
- Provide training as required to ensure all business functions aware of responsibilities in relation to risk assessment, regulatory compliance & errors logging.
- Advise the business on responses to errors, complaints, Data Protection Breaches/Incidents and appeals etc
- You will provide on-going training & lead risk workshops to facilitate risk identification, assessment & risk management
- Document risks & monitor adherence via validation of the Risk & Control Self-Assessment process.
- You will provide on-going & objective oversight of activities with a view to detecting potential risks & non-compliant activity at the earliest possible stage.
- You will develop & implement communication plan & outcome testing to ensure that all key stakeholders & functional groups are fully aware of relevant governance activities & expected compliance standards.
- Assess conduct activities across the organisation and how these relate to customer outcomes
- You will provide on-going training & lead risk workshops to facilitate risk identification, assessment & risk management
- You will document risks & monitor adherence via validation of the Risk & Control Self-Assessment process.
- Provide on-going and objective oversight of activities with a view to detecting potential risks and non-compliant activity at the earliest possible stage.
- You will develop & implement communication plan & outcome testing to ensure that all key stakeholders & functional groups are fully aware of relevant governance activities & expected compliance standards.
- Assess conduct activities across the organisation and how these relate to customer outcomes.
- Monitoring: Determine and review key reports and metrics to monitor compliance with standards/ policies/ regulations
- Methodology: Determine where continuous monitoring of selected transactions may be appropriate and implement same.
- Testing: Perform risk-based point in time assessment and testing as required per the annual testing plan.
- Analysis reporting of identified operational & regulatory risks and ongoing remediation efforts to all relevant stakeholders
- Proactively enhance the reporting suite to provide management with good metrics on risk management across business
- Advisory & third parties
- Provide advice and practical assistance to functional management to understand and manage regulatory, operational and enterprise risk.
- Input to any new business development as required Team Development
- Leadership & Team Development
- To successfully lead the direct reports & other project teams towards achieving the Op Risk plan/goals
- To ensure the ongoing & appropriate development of staff to enable them to achieve their full potential
- To create and maintain a positive culture within the group
- Execution of responsibilities in line with Compliance & Risk policies to ensure risk management governance &
- Implementation of Operational Risk Management methodology across the business.
- Risk Registers are kept up to date and/or action plans in place to close any outstanding items
- Identification of control deficiencies and follow up monitoring execution of action plans to address issues identified
- Regulatory Compliance & Operational Risk awareness across business
- Best in class governance structure in place for all Monitoring & Testing executed
- Quality reports outlining process and operational items.
- Robust, accurate and timely reporting to relevant management
- Accurate and timeliness of advice on process control requirements and issue/error resolution
- Feedback from management and colleagues
Experience Required
- Minimum 2-3 years’ experience in Operational Risk and/or Compliance or similar role
- Strong cross-functional experience either in-house or externally in a financial services environmen
Essential and Desirable Skills
- Ability to demonstrate detailed knowledge of regulatory and operational risks influencing the Irish credit sector along with demonstrated, strong credit skills
- Previous experience operating in a risk management or control monitoring position
- Licentiate of the Association of Compliance Officers of Ireland (LCOI) or accounting bodies such as ACCA / ACA/ CIMA
- Previous experience in Consulting Advisory/ Operational Risk role preferred (desirable)
- Strong knowledge of business functions and systems relevant to financial services, preferably across consumer and
- commercial lending (desirable)
- Previous experience liaising with Regulators (desirable)
Educational Requirements
- 3rd level education to Degree or Master level in an economic or numerical discipline and/or relevant professional qualification
Working Hours & Benefits
- Hybrid Working
- Bonus
- Healthcare
- Pension
- Tax Saver
- Cycle to work
- Educational assistance
- Long term sickness