Operational Risk Manager

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