Job Description

You will be accountable for the oversight of Operational Risk and associated 2nd line control activities for IT, Change and Operational Resilience. You will be responsible for ensuring that all requirements of the Operational Risk Framework and process centric operational risk approach are followed, accountabilities are clear, and risk and control testing is undertaken and reported through the organization. You will also be accountable for oversight and 2nd line control activities for any change that may impact IT, Change or Operational Resilience. 1st line experience in one of these business areas would be preferable. This is a key leadership role in ensuring risks are prevented from crystallizing through:

• Focus on Top Risks and agreed tolerances
• Clear end-to-end ownership of processes and risks
• Timely risk anticipation and escalation
• Continuous learning from losses, near misses and external events
• Standardization and simplification
• Reinforcing conduct

What you need to do

• Oversee the implementation of Operational Risk Framework and associated 2nd line control activities to IT, Change and Operational Resilience, including endorsement of the annual plan.
• Ensure process accountability is clear and processes are mapped and maintained by IT, Change and Operational Resilience to the appropriate standard.
• Ensure that the process universe is appropriately used across IT, Change and Operational Resilience for the identification, assessment, management and reporting of risk.
• Oversee IT, Change and Operational Resilience’s activities to ensure controls are identified, designed, implemented and tested, aligned to framework and policy standard owner requirements.
• Ensure the Operational Risk profiles of IT, Change and Operational Resilience are accurately reported on a timely basis (through Operational Risk Committee and Executive Risk Committee) and that relevant actions are being taken.
• Enhance company’s ability to undertake scenario analysis and stress testing as it is relevant to Operational Risk. This encompasses supporting the annual ICAAP exercise and all Operational Risk Framework requirements.
• Develop a programme of 2nd line oversight and thematic review activity reflective of the risk profile of IT, Change and Operational Resilience.
• Ensure change as it impacts IT and Operational Resilience, as well as the Change function itself, is subject to oversight and control from the 2nd line Operational Risk team.
• Ensure that the new 3LOD model is clearly communicated and adopted across the organization, and proactively support efforts to embed this into SBAFS’s Risk culture.

Benefits

• We offer flexible working to help you achieve a good work/life balance
• Opportunity to buy extra holidays is on the table
• Cycle to work scheme!

Required Knowledge, Skills, and Abilities

• Holistic understanding of the environment in which SBAFS operates (economic, banking industry, regulatory, and organizational).
• Banking, Finance or equivalent professional qualification. The understanding of how a Bank works and linkages across a range of risk types is considered key for this role.
• Strong relationship management skills
• Proven leader and relationship manager across teams and in a matrix management organization.
• Project management skills in complex multi-functional projects.
• Proven ability to influence at a Senior Management and Executive level.
• Strong awareness of the control environment within a financial services organization and practical experience of assessing, implementing, and testing controls to appropriately manage risk.
• Having a strong awareness and understanding of conduct risk, specifically the delivery of fair customer outcomes.