Operational Risk Manager - FS

Dublin, Dublin
€50,000 - €70,000 per annum
23 Sep 2016
21 Oct 2016
Contract Type
Full Time
Position: Operational Risk Manager - Financial Services
Location: Dublin
Salary: €50000 - €70000 per annum
Job Type: Full time

The company client is a market leading Financial Services business who are now looking to appoint a motivated and articulate Operational Risk Manager for their office based in Dublin. Operational Risk is a key element in a fast moving and evolving regulatory environment. The ideal candidate will have a strong background in risk management and will be assured in supporting the development and implementation of operational risk management frameworks, reporting, tools and processes, liaising with all divisions and jurisdictions, including senior members of the Group. This is an exciting opportunity for career progression.

The successful applicant will undertake the following duties :

* The Operational Risk Team is responsible for proactive oversight of the Group Operational Risk Framework, and operates as a second line function within a three lines of defence model. Specifically, the Operational Risk Team are responsible for the development of operational risk management frameworks, providing operational risk advice and guidance, setting common standards, tools and methodologies for management of operational risk across the Group.
* Reporting to the Senior Manager, Operational Risk
* Supporting the development and maintenance of appropriate risk frameworks, standards, policies, management tools, methodologies and the provision of sound practical advice to internal business units on Operational risk matters.
* Provide specialised and expert risk guidance and advice to business units
* Maintain formal governance and oversight of operational risks and remediation
* Identify and assess actual and potential risks and their impacts
* Implement in conjunction with business risk owners, effective risk treatments
* Ensure effective monitoring and review of the effectiveness of risk treatments

Other responsibilities:

* Proactively respond to incidents and track remediation and recovery activities
* Maintain constructive relations with regulatory authorities
* Support Group Operational Risk and the wider Group Regulatory Compliance & Operational Risk function in implementing the Operational Risk strategy and operating plan and in accordance with internal and regulatory requirements
* Challenge existing behaviours to ensure appropriate risk awareness and accountability across the Group.
* Proactively support and influence stakeholders and other key decision makers in respect of all operational risk matters
* Establish/build effective and proactive working relationships across all Risk disciplines, internal functions and with regulatory agencies
* Establish appropriate reporting mechanisms; including consistent KRIs and MI in order to enable assurance reporting, escalation and recommendations as appropriate.
* Provide regular assurance to internal and external stakeholders via consistent

Expertise and background required:

* Professional or third level qualification (ideally in Risk, Compliance, Business or Finance) and/or relevant business experience
* Previous Risk Management experience incorporating Operational risk
* Proven ability to efficiently manage multiple simultaneous workstreams and/or initiatives while at the same time responding creatively and in a proactive manner
* Strong business knowledge of Risk Frameworks, organisational processes, products, systems, and reporting

Preferred abilities:

* Experience in identifying patterns or connections between situations; cause, effect and resolution
* Knowledge of regulatory and industry guidelines for risk management and mitigation within financial services
* Proven ability to understand, identify and pragmatically influence a proportionate, risk based approach to risk management. Confident, articulate and independent minded approach. Ability to deal with both the `big picture` and the finest detail
* Proven ability to create and embed mechanisms required to assess the quality and reliability of functional areas performance and report as appropriate
* Strong financial and analytical acumen with the ability to manage an extremely broad and diverse agenda
* Proven ability to act as an Operational risk SME with the capability to challenge interpretation, coordinate responses where required and prepare insightful briefings for Business Management

Please send an up-to-date copy of your CV to be considered for this position.