Operational Risk Management VP

An exciting opportunity has arisen for an experienced professional to join a leading global financial institution as Vice President, Operational Risk Management in London. This pivotal role offers you the chance to shape and influence operational risk practices across multiple legal entities within the UK, ensuring robust governance and effective risk mitigation.

What you'll do:

As Vice President Operational Risk Management based in London, you will play a central part in safeguarding the organisation’s operations by overseeing the implementation of robust risk management frameworks across all UK legal entities. Your day-to-day responsibilities will involve close collaboration with both first line business units and senior leadership teams as you provide independent oversight, facilitate scenario analysis for capital planning purposes, and champion a culture of proactive risk awareness. You will be entrusted with reviewing critical control assessments, challenging internal loss event reports, supporting issue remediation processes, and participating in governance forums. Your ability to communicate complex concepts clearly will enable you to deliver impactful training sessions while your analytical skills will help drive process improvements that strengthen overall resilience. By engaging in change governance reviews and representing operational risk at key meetings, you will ensure that emerging risks are identified early and managed effectively. Success in this role requires a blend of technical knowledge, interpersonal sensitivity, attention to detail, and a commitment to upholding high standards of corporate governance.

• Support the Head of Operational Risk in delivering comprehensive oversight of operational risk management activities across the UK region, ensuring consistent application of frameworks and policies.
• Oversee the implementation of operational risk management initiatives for all UK legal entities, monitoring adherence to established standards and best practices.
• Manage the establishment, review, and ongoing monitoring of regional and legal entity risk profiles as well as risk appetite statements, ensuring they reflect current business realities.
• Participate actively in scenario analysis exercises for capital adequacy assessments (ICAAP), providing valuable insights into potential risks and their impact on the organisation.
• Promote a culture of effective risk management by delivering training, tools, and advice to first line colleagues, empowering them to fulfil their accountabilities confidently.
• Review and challenge Risk Control Self-Assessments (RCSA) and control testing outcomes to ensure accurate identification and assessment of risks and controls.
• Lead the review, challenge, and reporting of internal loss events; conduct root cause analyses or deep dives where necessary to identify gaps and support timely remediation efforts.
• Provide oversight for issues management processes including analysis, validation of remediation actions (2A validation), and escalation where required.
• Contribute to change governance by reviewing initiatives or projects impacting the UK business, offering second line challenge on operational risks associated with these changes.
• Represent operational risk interests at local and regional meetings or working groups; act as secretary for the UK Executive Risk Committee, ensuring effective communication and documentation.

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