Operational Risk Analyst

This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.

Role Purpose

The Operational Risk Analyst supports the 1st line of defence by enhancing the banks approach to identifying, managing and reporting operational risks. The role provides vital oversight of operational risk events, develops and maintains operational risk reporting into governance committees and assists in the embedding of effective key control environments. The role holder will also contribute to development of assurance processes across Operational Risk, Operational Resilience and Outsourcing & Third-Party Management within the first line.

Key Responsibilities

• Produce high quality operational risk reports and dashboards for key governance committe
• Identify trends, emerging risks and areas requiring management attention across the business.
• Assist in the design and implementation of key control and risk indicators.
• Log, track and monitor operational incidents to ensure timely resolution and appropriate root cause analysis.
• Support the business in identifying and implementing appropriate corrective and preventative actions through a lesson learnt process.
• Assist the Operational Resilience Manager with the execution of operational resilience testing.
• Support with the analysis of test results and tracking/reporting of remedial actions.
• Assist the Third-Party Supplier Manager reporting on third party risks and dependencies for key services, including incidents and control performance.
• Support the business units in evidencing control effectiveness and identifying gaps.
• Support business units in completing risk and key control assessments.
• Utilise the banks Risk Management System to drive consistent reporting and MI.

Skills and Experience

• A good understanding of Operational risk principles and first line responsibilities.
• Ability to identify, understand and communicate risk effectively.
• Skilled at interpreting data, identifying trends and drawing meaningful insights.
• Comfortable working with risk indicators, incidents and control performance data.
• High level of accuracy in preparing reports, documentation of incidents and reviewing risk/control information.
• Proactive and structured in approach, meeting task deadlines effectively.
• Confident using Excel, PowerPoint and risk reporting tools/GRC systems.

Equal Opportunities

We're an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.