Senior Operational Risk Analyst
Our client based in Shannon is currently seeking to hire a strong Operational Risk Analyst to join the team for a fixed term 23-month contract.
You will have previous experience within the field and ideally hold a Risk Management Qualification, as well as being a Licentiate of the Association of Compliance Officers of Ireland
The Operational Risk Analyst is responsible for executing appropriate level 2 controls (monitoring and testing) for Operational Risk.
The person will work closely with Operational Risk Management in order to execute the annual risk-based monitoring and testing plan.
In addition, the Operational Risk Analyst will support the implementation and enhancement of an Operational Risk Management Framework to achieve consistency around the execution of Operational Risk activities. The Operational Risk Analyst will support the collation of periodic management information around monitoring, testing, and other relevant operational risk activities.
Manage the delivery of the ongoing monitoring & testing activity for all portfolios.
Conduct monthly, quarterly, half-yearly & annual critical control testing & reporting.
Analyse reporting of identified operational & regulatory risks and ongoing remediation efforts to all relevant stakeholders.
Input into development of the annual monitoring & testing plan for the company
Determine and review key reports and metrics to monitor compliance with policies/ regulations.
Implement monitoring of selected transactions as determined by company or Portfolio Owner.
Perform risk-based point in time assessment and testing as required per the testing plan.
Timely and accurate reporting Operational risk to stakeholders e.g. Operations, Client's, EXCO.
Input into the implementation of regulatory and operational risk control standards as guided by
Operational Risk Management by attending/chairing the annual risk assessment workshops.
Input into the development of test scripts and operating procedures, for use by the Operational Risk team
Input into the development and enhancement of Risk Appetite and KRI's.
Actively manage the reporting, validation and closure of Treatment Plans as a result of an internal review or Internal Audit.
Build an understanding of company Risk & Controls by documenting the risk and controls, and validate through testing the company-wide risk and control self-assessment process and monitor the progress of treatment plans across the business.
Preparing periodic reporting of identified operational & regulatory risks and ongoing remediation efforts to all relevant stakeholders
Provide support and practical assistance to functional management to understand and manage regulatory & operational risk.
Input to any new business development as required.
Ensure that all reports are completed accurately and within the appropriate timeframe.
Identify business opportunities, threats and best practice and escalate to manager in order to drive continuous improvement
To successfully lead the team towards achieving set goals
Skills & Experience:
3rd level education to Degree or Master level in an economic or numerical discipline and/or relevant professional qualifications (essential)
Minimum 1-2 years' experience in an Operational Risk or similar role desired
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
Licentiate of the Association of Compliance Officers of Ireland (desirable)
Risk Management Qualification (e.g. Certificate / Diploma Awarded by Institute of Risk Management (IRM) (desirable)
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 (desirable)
Previous experience liaising with Regulators (desirable)Pepper Classification: Internal
Previous experience developing and implementing risk management automated solutions to reduce/eliminate reliance on Excel spreadsheets (desirable)
If you are interested and available - please apply with your most recent CV to Bernadette Sisson for immediate consideration.