As an Operational Risk Analyst you will act as a trusted advisor to the front office and support functions, ensuring that operational risks are effectively identified, assessed, monitored, and mitigated. You will play a key role in strengthening the risk framework and promoting a strong risk culture across the organisation.
Key Responsibilities
* Provide independent oversight and challenge to the First Line of Defence on operational risk matters
* Lead and support Risk & Control Self-Assessments (RCSAs) across capital markets activities
* Analyse and report on operational risk events, incidents, and near misses
* Develop and monitor Key Risk Indicators (KRIs) and risk appetite metrics
* Review and challenge new product approvals, process changes, and strategic initiatives
* Support scenario analysis and stress testing exercises
* Prepare high-quality risk reporting for senior management and risk committees
* Ensure compliance with regulatory expectations and internal risk frameworks
* Drive continuous improvement in risk management practices and controls
Requirements
* Proven experience in operational risk within banking
* Strong understanding of Second Line of Defence principles and governance frameworks
* Familiarity with regulatory expectations (e.g. Basel frameworks, UK/EU regulations)
* Excellent analytical skills with the ability to interpret complex data and risk scenarios
* Strong stakeholder management skills with confidence to challenge senior colleagues constructively
* Experience with RCSA, KRI development, and incident management
* Professional certifications (e.g. FRM, PRM, ICA) are advantageous