Operational Risk Manager - (AVP)

Assistant Vice President – First Line Operational Risk & Controls

London | Investment Banking Operations

We are recruiting an experienced First Line Operational Risk & Controls Manager to join a major Financial Services organisation in London.

This role sits within Markets and Securities Operations and will provide risk and control oversight across a range of investment banking operational processes.

We are looking for someone with strong front-to-back operational knowledge who can identify emerging risks, assess the effectiveness of controls and work with Operations and wider stakeholders to strengthen the control environment.

Key Responsibilities

• Support the implementation and maintenance of the First Line Risk & Control framework
• Identify, assess and monitor operational risks and associated controls
• Maintain risk and control inventories and support periodic control reviews
• Perform control assessments and gap analysis, identifying weaknesses and recommending improvements
• Monitor operational risk indicators, trends and control effectiveness
• Produce management information, KRIs, KPIs and governance reporting
• Support RCSA, control testing and risk assessment activity
• Investigate operational incidents, exceptions, audit findings and control failures
• Undertake root-cause analysis and track remediation activity
• Manage and monitor issues, actions and risk remediation plans
• Support internal/external audits and regulatory information requests
• Partner with Operations, Technology, Compliance, Operational Risk and Change teams
• Promote proactive risk identification, escalation and a strong control culture

About You

The successful candidate should have:

• Strong front-to-back understanding of investment banking operational flows
• Experience within First Line Risk & Control, Operations Risk or a comparable control environment
• Experience of issue management, control assurance/testing and incident management
• Strong understanding of operational risk and control principles
• Experience producing and analysing KRIs/KPIs
• Knowledge of the RCSA process
• Strong analytical and problem-solving capability
• Excellent stakeholder management skills

Knowledge or experience across one or more of the following would be particularly valuable:

• Securities
• Derivatives
• Collateral Management
• Settlements
• Asset Servicing
• OTC Confirmations
• Tri-party / Funding
• Reconciliations and reconciliation first principles

This is an excellent opportunity for an Operations professional with strong product knowledge and a genuine risk and control mindset to take on a broad first-line controls role within a sophisticated markets environment.