VP, Operational Risk & Third Party Risk Manager VP, Operational Risk & Third Party Risk Manager …

Capital Markets Executive Search
in Frankfurt am Main, Hessen, Germany
Permanent, Full time
Be the first to apply
Competitive
Capital Markets Executive Search
in Frankfurt am Main, Hessen, Germany
Permanent, Full time
Be the first to apply
Competitive
A major international bank is looking to hire a VP, Operational & Third Party Risk for its new EU bank in Frankfurt. The role reports directly to the CRO.

A major international bank is looking to hire a VP, Operational & Third Party Risk for its new EU bank in Frankfurt. The role reports directly to the CRO. 

The bank is seeking both an interim solution & a permanent hire.

Key responsibilities include:

  • Manage the service level agreements and the service delivery framework for services delivered in support of the responsibilities and activities of the bank principally. This is to be performed as a second line of defence in close collaboration and coordination with the 1st and 3rd lines where relevant;
  • Implement the operational risk management framework & ensure that operational risk are identified and assessed through the risk register and other techniques
  • Coordinate and drive the capital assessments for operational risk required to meet regulatory expectations
  • Manage the operational risk appetite framework & operational risk policy framework
  • Co-ordinate operational risk reporting to the Executive Board and Supervisory Board and relevant risk committee(s)
  • Implement the third party risk management framework & manage the third party risk appetite framework
  • Assist the Chief Risk Officer in their responsibilities with operational and third party risk management matters and obligations

Key requirements include:

  • Educated to degree level
  • Knowledge of the market and regulatory standards for operational and third party risk management
  • Detailed understanding of internal and external reporting of operational and third party risk management
  • Understanding of measurement techniques used in operational and third party risk
  • Good knowledge of market standard operational and third party risk management frameworks
  • Good knowledge of risk appetite setting for operational risk
  • Understanding of the regulation relating to risk (MaRisk, BAIT and relevant European regulations )
  • Demonstrable grasp of risk frameworks and their link to strategy
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