Morgan McKinley is recruiting for a Operational Risk Analyst (Quality Assurance) on behalf of a leading investment bank based in BELFAST on an initial 10-month contract
Rate: £259 umbrella per day.
HYBRID - 3 days in office 2 from home per week.
Team/Function Overview:
This is an exciting opportunity to become part of the newly created Operational Risk Management
Adherence and Quality Assurance Team. The team will define and manage operational risk management Quality Assurance activities across first line activities and Quality Assurance of second line (operational risk management) execution. The team will develop and maintain methodologies for Quality Assurance as well as the oversight of the Quality Assurance plan. Employees in this area apply in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflow for the area or function, in addition to driving value and insight into he outcomes of the Quality Assurance activities.
Key Responsibilities:
* Support the development and maintenance of Operational Risk Management (ORM) Quality
Assurance (QA) methodologies and an ORM QA Operating Model, in accordance with the bank
and industry best practices and standards.
* Support the establishment and oversight of the application and governance of operational risk adherence and QA programs.
* Lead execution of assigned ORM QA activities where chosen to be centralized or hybrid in the ORM adherence & QA operating model.
* Coordinate and partner with coverage teams to monitor the execution of ORM QA activities where executed by business, regional or risk category coverage teams.
* Deliver analysis and insights into the observations and conclusions from ORM QA activities, driving remediation of identified exposures and assessment of what they mean for the bank's operational risk profile overall.
* Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
* Exports best practices and common risk, controls and corrective actions through Framework Papers.
* Working with ORM policy and/or program owners, aid in the development of execution quality benchmarks, test scripts and monitoring approaches that will be used to assess the quality of execution of specific components in the ORM QA Operating Model / ORM Framework.
Knowledge/Experience
* Experience in execution of Quality Assurance, 2nd line of defence reviews or Internal Audit would be desirable.
* Expertise in one or more specific operational risk sub-categories.
* Areas you will have experience in: Operational Risk, Risk Management, RCSA, risk appetite, risk taxonomies, risk assessment, control identification and assessment, MI.