Our leading Douglas-based Client is seeking an experienced Operational Risk Specialist to join their Commercial Risk Management Team. Reporting to the Group Risk Director, the Operational Risk Specialist will be responsible for supporting Line 1 to implement and embed the risk management framework across the business. This will be in line with principles and rules for managing Operational Risks across the Group and must be within the Board's stated Risk Appetite. You will also work closely with Line 1 during the Risk & Control Self-Assessments. Specific duties will include: Risk Support the Group Risk Director to ensure the Board and Risk committee feel sufficiently informed about risk; and that business practices are developed Support with opining on and constructively challenging the degree of compliance with the Risk Appetite Statements and make recommendations as appropriate to strengthen the arrangements Support with the review of Risk Appetite Statements and reporting to the Board on the suitability of any proposed tolerances, having regard to the Group's capital resources and Business Plans Support with the review of significant strategic initiatives and report to the Board on the risk and capital assessment carried out in support of such proposals Support with ensuring the Group operates within an appropriate and agreed risk management framework Support with writing accurate, clear and concise reports for Management and the Board; providing top-of-mind, insightful consolidated risk position across the group, proactive and forward looking that supports risk-based decision making Work closely with Line 1 to develop and embed appropriate monitoring measurements in response to risk exposures and risk appetite, such as key risk indicators. Regularly obtain and review the results of the monitoring measurements from Line 1 Work closely with Line 1 during product development, client take-ons, transformation projects and other key corporate change activities for appropriate risk identification Escalate material operational risks clearly and ensure that appropriate root-cause analysis is completed and the control environment is strengthened Review and challenge recommendations received from the business to manage risks back within appetite; and to risk accept The ideal candidate for the role of Operational Risk Specialist will have: An in depth understanding of the risk and financial drivers of the life or investment sectors with relevant professional qualifications or extensive experience in a key role Risk management, as well as risk frameworks and reporting experience Sound understanding of different categories of risk from a technical and operational perspective Broad commercial experience with experience in the financial services sector, particularly the life and investment sectors Experience of operating in a multijurisdictional environment Experience of working in a business going through continuous upgrading, change and growth Understanding of market knowledge and regulations/legislation within industry, ideally from the financial services sector Demonstrate skills in effective communication, professional skepticism, due care, report writing, data analysis and training of other staff Problem-solving: identifying solutions and presenting complex problems in a clear manner Influencing: develop sustainable relationships, persuasive, articulating information well, challenge ideas constructively and insightfully, deal with stakeholders with humility and respect - a trusted advisor and credible subject matter expert Adaptable: enjoys new challenges, embraces change, resolves conflict, flexible support to the wider team Results-driven: organise resources, establish priorities, put planning and governance structures in place, establish risks Reliable, deliver on commitments and uphold standards and principles