Job Summary
Operational Risk Management (ORM),is part of the banks Risk Management,
performs the second line oversight of Operational Risks for the bank in the UK. The successful candidate will
provide independent oversight and challenge to the 1 st line of defense and ensures that the risk profiles
of the region and legal entities is properly understood and operating in line with Operational Risk
Appetite.
The role will report into the Head of Operational Risk Management (Europe and Asia-Pacific).
Accountabilities
The successful candidate is expected to perform the following activities:
Support the Head of Operational Risk in all operational risk management oversight activities
Oversee consistent and effective implementation of the operational risk management
framework and initiatives in the UK (inclusive of all UK legal entities)
Manage the establishment and monitoring of regional and legal entity risk profiles and risk
appetite statements
Participate in scenario analysis for the UK subsidiary to support capital adequacy (ICAAP)
Promote a culture of risk management and control, supported by training, tools and advice to
the first line in carrying out its accountabilities
Review and challenge of Risk Control Self-Assessments (RCSA) and Control Testing results,
including to ensure that risks and key controls are properly identified and assessed
Review, challenge and reporting of Internal Loss events. Establish root cause analysis/deep dives
where appropriate and ensure timely remediation of gaps
Support Issues Management oversight and analysis and 2A validation of remediation, where
required
Review of change governance initiatives or projects impacting the UK, providing second line
challenge of operational risks related to in-scope change
Provide oversight and independent challenge on sub-risk categories in Operational risk such as
Third-Party Risk Management, Outsourcing and Business Continuity management
Represent Operational Risk in participating in various local and regional meetings/ working
groups
Act as secretary for the UK Executive Risk Committee
Oversight in Operational Risk reporting and escalation to local Committees and Boards
Support Internal and External Audits on matters relating to Operational Risk in the UK
Have the opportunity to work on process improvements, enhancements or projects relating to
other risk types such as Environmental and Social Risk