Operational Risk Manager

Summary: A leading financial services organization is seeking a Group Operational Risk Senior Manager for a 12-month fixed-term contract. This role involves shaping operational risk management practices at the group level, overseeing frameworks and governance structures, and leading a small team while collaborating with Chief Risk Officers. The position offers significant visibility and influence over operational risk strategy and internal controls across the organization.

Key Responsibilities:

• Set Operational Risk policies, limits, and KRIs; ensure compliance across the group.
• Lead the strategic direction and implementation of the Internal Control Framework.
• Deliver effective Group Operational Risk Reporting including risk registers, events, KRIs, and outsourcing oversight.
• Set and lead the agenda for the Group’s Operational Risk Working Group.
• Present quarterly risk reporting to executive committees and recommend capital optimisation actions.
• Oversee risk event management for Group Functions and support breach escalation and response.
• Lead operational risk inputs into the Group ORSA process.
• Provide oversight of IT Risk activities and support business continuity and resilience planning.
• Conduct risk horizon scanning and promote risk culture, including training and awareness initiatives.
• Oversee and challenge Business Units and Group Functions on implementation of risk frameworks.
• Establish and manage a Group Operational Risk Network for knowledge sharing and consistency.
• Provide expert guidance on local entity reporting, including KRIs and RCSAs.
• Ensure operational risk and outsourcing processes and templates are consistent across the Group.
• Support Business Units in embedding operational risk policies and frameworks effectively.

Key Skills:

• Executive presence with the ability to influence senior stakeholders.
• Strong leadership and people management skills, including team development and matrix leadership.
• Strategic and hands-on approach, with comfort operating in a flat, fast-paced organisational structure.
• Adaptability, strong judgement, and commercial acumen.
• Collaborative mindset with the ability to constructively challenge and build consensus.
• PRMIA Operational Risk Management Certificate (or equivalent).
• 5–10 years’ experience in operational risk within an international, regulated environment.
• Proven experience developing and implementing risk management frameworks.
• Knowledge of Solvency II and/or Bermuda Monetary Authority regulations is a strong advantage.
• High proficiency in SAI 360 and MS Office applications (Excel, Word, PowerPoint, Visio).

Salary (Rate): undetermined

City: London Area

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Finance