Manager, Operational Risk

Oversee operational risk frameworks, KRIs, RCSAs & stress testing for a financial group. Lead a team, advise senior management & drive a strong risk culture. 5+ yrs experience & RIMS certification required.

Title: Manager, Operational Risk

Work Type: Full-Time

Role Overview: The Manager, Operational Risk is responsible for the implementation, oversight, and continuous enhancement of an operational risk management framework and supporting processes across a Group of Companies.

Key Duties & Responsibilities:

• Support senior leadership in the development and execution of the Risk Management Framework, with a focus on Operational Risk.
• Develop and implement mechanisms for the identification, measurement, monitoring, and reporting of operational risk, including KRI and KPI reporting.
• Act as subject matter expert in Operational Risk, leading a team in risk analysis and resolution while serving as the second line of defence.
• Oversee the design and execution of Risk and Control Self Assessments (RCSAs) and maintain the operational risk register across all business units.
• Oversee the identification, recording, and reporting of operational risk incidents and loss events, ensuring appropriate escalation and remediation.
• Lead operational risk stress testing activities and assess the reasonableness of scenarios and assumptions used.
• Oversee the development and maintenance of the Business Continuity and Disaster Recovery framework.
• Collaborate with business lines and senior management to promote a strong risk culture and ensure compliance with risk management requirements.
• Prepare and present operational risk reports to senior management and relevant committees.
• Manage, mentor, and evaluate the performance of direct reports.

Qualifications, Experience & Skills:

• Bachelor's Degree in Management or a related field; MBA would be an asset.
• Professional Certification in Risk Management (RIMS) or equivalent.
• Minimum of 5 years' experience managing operational risk within a financial environment.
• Strong analytical and strategic thinking skills.
• High proficiency in Microsoft Office Suite.
• Excellent verbal and written communication skills.
• Sound knowledge of the banking industry and regulatory guidelines.

Working Conditions:

• Standard office environment; extended hours and some travel may be required.