Operational Risk Analyst
- Location: Ipswich
- Salary: Competitive salary plus a generous benefits package
- Job Type: Full-time
We are seeking an Operational Risk Analyst to join our team in Ipswich. The successful candidate will play a crucial role in supporting the firm by reviewing and implementing processes, advising on risk and control issues, embedding the firm's risk frameworks, and fostering a culture of risk awareness and process efficiency.
Day to Day of the Role:
- Assist the first line of defence (1LOD) with identifying, reporting, and analysing operating events to prevent recurrence and ensure actions are in place.
- Monitor the escalation, quality, and progress of all operating events, maintaining data consistency between the Operating Event Log and Risks Register.
- Support the business in identifying and resolving dealing errors to minimise market risk and reduce costs.
- Collaborate with the Operational Risk Manager on operational risk theme investigations and thematic risk reviews.
- Champion the embedding of Risk policies and frameworks and promote a culture of risk awareness within the business.
- Prepare regular Management Information (MI) reporting for senior management using PowerBI and develop new MI reports as needed.
- Maintain and update operating event and deal error data logs, as well as the firm's Risk Register.
- Manage action and issue logs from operating events, Risk and Control Self-Assessments (RCSAs), or risk governance meetings.
- Organise and maintain the annual review schedule of departmental RCSAs in line with the firm's Risk Register.
- Prepare visual presentation material for the risk governance structure or ad hoc thematic risk reviews.
- Oversee and allocate group inbox items to ensure timely escalation of issues.
Required Skills & Qualifications:
- Educated to GCSE or equivalent standard, with at least grade 4 or C in Maths and English.
- Prior experience in the Financial Services industry.
- An understanding of the UK Financial Services Regulatory Environment is advantageous.
- Excellent communication skills.
- Highly organised with great attention to detail.
- Inquisitive nature with a keen interest in investigating issues.
Benefits:
- Competitive salary with a generous benefits package.
- Opportunity to work in a supportive and dynamic environment.
- Exposure to a variety of risk management practices and tools.
To apply for this position, please submit your CV and cover letter detailing your relevant experience and educational background