Operational Risk Manager - Permanent
Salary: £40k - £50k depending on breadth of experience
Hours: Monday to Friday, 9am to 5pm
Benefits
- 24-days holiday, and in addition all public/bank holidays
- Generous company pension & Life Assurance after qualifying period
- Wellbeing and Smart Health Employee Assistance Programme
- Hybrid working pattern: a combination of office and WFH days per week
- Flexible pattern across core hours available
- Free onsite parking
- Free onsite electric car charging points
This is a superb opportunity to further your career in risk and compliance with a leading ethical financial institution.
About us
Ecology Building Society is a successful member-owned building society with a clear environmental focus and a mission to promote sustainable development. We are committed to building a greener society through the provision of a range of simple, ethical savings products to support mortgages for properties and projects which respect the environment.
As a building society, we are dual regulated by both the PRA and the FCA. Our Risk and Compliance team provides the Society’s second line of defence and in conjunction with our operational first-line risk owners, protects the Society from emerging and varied risk types including credit, financial, ethics, operational and strategic risks.
About the role
We are currently recruiting for an experienced Operational Risk Manager with a financial services background to join our team.
The selected candidate will be responsible for facilitating the ongoing development and implementation of the risk management framework and key controls framework.
Main areas of responsibility
- Collaborate with all business areas to promote a risk management culture.
- Work closely with the business functions to understand their business area and the type of operational risk and control concerns they have and to be proactive in promoting possible risk management solutions.
- Identify material operational risks, assess the effectiveness of control design, changes and ensure that any control gaps identified are managed until closed within a timely basis.
- Elevate, report, and investigate errors, losses and near misses, identifying the root causes and overseeing the implementation of corrective actions.
- Work with the business area to ensure that all risk events are comprehensively captured within the Risk Management Database (Triline) and closed in a timely manner with adequate source data documentation.
- Ensure that processes, risks, and controls are continually reassessed for appropriateness and completeness.
- Undertake high-quality routine reviews assessing the relevant risks and controls, supported by complete and accurate documentation and evidence.
- Undertake Horizon Scanning of regulatory and legislative change to ensure oversight of the regulatory landscape.
- Production of insightful Risk MI for Senior Management and Governance Committees, highlighting relevant and key operational or regulatory issues and metrics adding quantitative/qualitative risk analysis.
About you
You are an independent and critical thinker.
You bring excellent delivery skills, assume responsibility for your own work and manage timelines adequately and independently.
You have 5 years of experience in a financial institution with solid general knowledge /experience in Risk Management.
You have an understanding of business processes in Banking or Building Society business.
You are an analytical person, able to handle ambiguity, and embrace change.
As a strong communicator, you have the ability to seamlessly interact with colleagues across functions, and on all levels.
Have the interpersonal skills to influence appropriately, to 'take people with you', and build effective working relationships.
Qualifications desired
- Qualifications: A relevant Risk Management qualification is desirable
- Knowledge Risk Management Frameworks, especially Risk & Control Self-Assessment
- Familiarity with the FCA and PRA regulatory environment
- Understanding of the Data Protection Act and General Data Protection Regulation (GDPR)
- Working knowledge of the building society sector is desirable
To apply, please submit your CV and a covering letter to [email protected] outlining your suitability for the role and your alignment with our mission. Applications without a covering letter will not be considered.
Application deadline: 5 December 2021
Please note that the successful candidate will be required to undergo a Basic DBS and credit check.
