Operational Risk Manager
Job Overview
Our client, a leading asset manager and provider of third-party loan and advisory services, is now seeking to hire a skilled Operational Risk Manager to join their team on a fixed-term contract located in Shannon or Dublin.
The role is offered as a hybrid.
Your new role:
You will be responsible for executing, reviewing, and assessing appropriate level 2 controls (monitoring and testing) for Operational Risk. The person will work closely with Senior Management across the entire business in order to formulate and implement the annual risk-based monitoring and testing plan.
You will also help develop and maintain an update the annual risk assessment process and reflect changes to risks and controls. You will support the design, implementation and enhancement of an Enterprise Risk Management Framework to achieve consistency around the execution and delivery
of Operational Risk activities. You will be expected to provide Regulatory Compliance advice and expertise to the business and support adherence to regulatory requirements. Key to the role is monitoring and continuously enforcing and enhancing best practices to ensure all business is carried out in accordance with all applicable legislation, regulations and guidelines. Working with the Director of Compliance to ensure that Regulatory and Consumer
Protection Risk is adequately monitored and tested.
You main responsibilities:
Input to the design of an appropriate Regulatory & Operational Risk Control Framework in line with the
Group's Enterprise Risk Management framework.
Ensure implementation of regulatory and operational risk control standards providing guidance as
required.
Provide training as required to ensure all business functions aware of responsibilities in relation to risk
assessment, regulatory compliance and Errors logging.
Advise the business on responses to errors, complaints, Data Protection Breaches/Incidents and appeals, etc.
Provide on-going training and lead risk workshops to facilitate risk identification, assessment and risk management
Document risks and monitor adherence via validation of the Risk & Control Self-Assessment process.
Provide on-going and objective oversight of Pepper activities with a view to detecting potential risks and non-compliant activity at the earliest possible stage.
Develop and implement communication plan and outcome testing to ensure that all key stakeholders and functional groups are fully aware of relevant governance activities and expected compliance standards.
Assess conduct activities across the organisation and how these relate to customer outcomes.
Monitoring: Determine and review key reports and metrics to monitor compliance with standards/policies/ regulations
Methodology: Determine where continuous monitoring of selected transactions may be appropriate and implement same.
Testing: Perform risk-based point in time assessment and testing as required per the annual testing plan.
Analysis reporting of identified operational & regulatory risks and ongoing remediation efforts to all relevant stakeholders
Proactively enhance the reporting suite to provide management with good metrics on risk management across the business
Provide advice and practical assistance to ExCo and functional management to understand and manage
regulatory, operational and enterprise risk.
Input to any new business development as required Team Development
To successfully lead the direct reports and other project teams towards achieving the Op Risk plan/goals
To ensure the ongoing and appropriate development of staff to enable them to achieve their full potential
To create and maintain a positive culture within the group
To ensure "living the values" of the organisation is the status quo
Your skills and attributes:
3rd level education to Degree or Master level in an economic or numerical discipline and/or relevant professional
qualifications
Minimum 2-3 years' experience in Operational Risk and/or Compliance or similar role
Strong cross-functional experience either in-house or externally in a financial services environment
Ability to demonstrate detailed knowledge of regulatory and operational risks influencing the Irish credit sector
along with demonstrated, strong credit skills
Previous experience operating in a risk management or control monitoring position
Licentiate of the Association of Compliance Officers of Ireland (LCOI) or accounting bodies such as ACCA/ACA/CIMA
Previous experience in Consulting Advisory/ Operational Risk role preferred
Strong knowledge of business functions and systems relevant to financial services, preferably across consumer
and commercial lending
Previous experience liaising with Regulators
Benefits available to you:
20 days annual leave per annum plus 3 company days
LAYA Healthcare - immediate access from Day 1.
Generous defined contribution pension scheme - immediate access from Day 1.
Robust further education scheme
Employee Referral Scheme
Tax Saver Commuter Ticket
Cycle to Work Scheme
Employee Assistance Programme
Wellness Programme
Long term sickness benefit (PHI)
Life Assurance/Death in Service
If you match the above skill requirement and are interested in having a chat - apply with your most recent CV to Lynn Kallides for immediate consideration.
Key Contact
Lynn Kallides
0861367452I am Irish but my parents emigrated to South Africa when I was three. I’ve just moved back to Cork at the end of 2021 and live in a small village called Halfway. My background has always been in Sales/Account Management space as I love interacting with people. I’ve spent the last 15 years in IT…