Operational Risk Analyst

Based in London, Milton Keynes or WilmslowLocation: London, Milton Keynes or WilmslowJob SummaryTo effectively manage the Bank’s approach to Operational Risk by supporting the enhancement of the Bank’s control framework by carrying out assurance of control testing across all functions. They will test adherence to policies and risk appetite including escalation via appropriate channels and will assess the risks associated with first line of defence (1LOD) business line activities, assisting in compiling, and maintaining a complete control framework for risk management activities. Support the business lines and functions to identify risks from the First Line.Key responsibilitiesUndertake quality reviews, taking a risk-based approach. This could include thematic reviews, regular testing of key controls, independent validation of Quality Controls and Assurance activities performed by the businesses or other methodologies as needs dictateMonitor output from all 1LOD areas to identify potential operational risks and, where possible, ensure appropriate mitigating actions are in place, including recommendations for remediation, improvement of controls, staff training or coaching. Proactively identify process improvement/best practice and share as appropriateProvide support with remediation of control failures and compliance breachesSupport the Operational Risk Manager to develop Key Risk Indicators (KRIs) and risk appetite metrics with divisions in accordance with the Bank’s Risk AppetiteSupport business areas with Risk & Control Self Assessments to ensure all processes are captured and create Standard Operating Procedures (SOP) to support the RCSA outputAssist with production of high-quality reports/presentation packs for sharing with key stakeholders; Maintain a full audit trail with clear records to support review conclusions, stored in accordance with the bank’s records management conventionsEnsure all Risk Incidents are documented, and root cause is established. Oversight of remedial actions to ensure risks are mitigated. Full audit trail is established, and trend analysis is undertakenSkills requiredKnowledge of UK banking (Customer Service, Credit, Financial Crime, Operations) and risk management & controls principles appropriate to the three lines of defence modelKnowledge and understanding of risk control arrangementsKnowledge of regulatory environment and key regulatory regimesUnderstanding of and compliance with group policies including Conduct RiskExcellent attention to detail and strong team skillsAbility to think creatively when resolving problems and/or identify alternatives where established procedures may not exist, ensuring an improved customer experienceAbout usFounded in 2007, we are a challenger bank that operates in accordance with Shariah principles, with offices in London, Milton Keynes and Wilmslow. We offer personal and corporate savings products and finance for UK residential property, in addition to sourcing and advising on UK real estate investments.We offer a highly attractive reward package; the typical benefits include:25 days holiday entitlement increasing with servicePension planPrivate medical insuranceIncome protectionLife assuranceEmployee referral bonusGatehouse Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.Please be advised that we have an appointed recruitment partner, The Curve Group, to manage our recruitment process and give candidates the best possible experience in pursuing a career with Gatehouse Bank. The personal details you have shared with us may be processed by The Curve Group on behalf of Gatehouse Bank. 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