Operational Risk Analyst

Job title:           Operational Risk Analyst

Reports to:       Head of Operational Risk          

Contract:          Short-term (Maternity cover)      

Responsibilities:

=         Assist with the development of operational risk policies and risk management standards.

=         Support key operational risk processes (e.g. Incident Management, RCSA, Scenario analysis, reporting).

=         Validate and Challenge the business in its assessment of operational risks and controls (e.g. during RCSAs, Scenarios).

=         Facilitate and develop the use of key indicators (KRIs / KCIs) including monitoring and reporting.

=         Monitor and report the firm’s operational risk profile.

=         Provide training & support to staff on all operational risk matters.

=         Writing and presenting papers to the relevant governance committees.

=         Undertake any ad-hoc risk management projects and activities as and when required.

=         Deputise for the Head of Operational Risk as required.

 

Skills & Experience:

 

Required:

=         BSc in Mathematics or related disciplines, such as Financial Engineering / Finance / Economics.

=         Minimum of 4 years relevant experience in financial services, ideally in Insurance or Investment Banking.

=         Ability to tactfully question and challenge stakeholders and colleagues, then present considered views and findings.

=         Use of MS Office (Excel, Word, Powerpoint)

 

Preferred:

=         Knowledge of Insurance operations, in order to be able to question and challenge company staff.

=         Understanding of current risk management environment and modern frameworks.

=         Background knowledge of PRA/FCA financial services regulatory regimes.

=         Experience in writing impactful reports for senior stakeholders.

=         An academic understanding of operational risk capital modelling.

=         Demonstrable interest in computer programming, allowing for increasingly advanced analytics tools to be created and implemented. (Excel VBA, R, Matlab)

 

Competencies

=         Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills

=         Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks

=         Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients and service providers, helps the client to identify/define needs and manages client/business expectations

=         Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions 

=         Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others

=         Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.  Sees the big picture and effectively analyses complex issues

=         Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value

=         Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions.  Takes a position on issues and influences others' opinions and presents persuasive recommendations

Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

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