Operational Risk 2nd Line Risk Contractor

The Operational Risk 2nd Line Risk Contractor will:

Work closely with the Director in implementing the Operational Risk Management framework for the bank's operations in London.

Conduct independent analysis and challenge the outcome of Operational Risk Management tools.

Risk and Control Self-Assessments (RCSAs), Scenario Analysis, Key Risk Indicators (KRIs), and New Initiative Risk Assessment (NIRA's).

Review and challenge Operational Risk Events (loss, gains and near miss incidents) as reported by the business lines and Corporate Function groups.

Provide oversight, review, and challenge for Risk Acceptances .

Communicate/escalate/report on material operational risks, including against established thresholds and operational risk appetite, where appropriate.

Support the development of the Operational Risk Appetite statement and metrics to include obtaining advice and counsel from Enterprise Global Operational Risk.

Develop operational risk reports for BNSL Committees .

Monitor and review Operational Risk RAF metrics.

Support the Director, Global Operational Risk, in the review, assessment and enhancement of the Bank's operational risk management tools and methodologies.

Work closely with 1B teams as the main contact in GRM and provide second line input as necessary.

Participate in industry forums to remain current on new developments and emerging risks within the industry.

Support VP Operational Risk to share best practice in relation to the Operational Risk Management Framework from a regional perspective.