Operational Risk Analyst / AVP

  • Competetive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Webber Fox
  • 10 Apr 18 2018-04-10

Reporting into the Head of Risk, this role is a newly created role in a Hedge Fund that is part-owned by a large Bank.

This Hedge Fund is owned by a large house and is currently investing heavily to bring its Operational Risk capabilities up to the standards required

Role covers all aspects of Operational Risk framework, reporting to the Head of Risk Management including:

  • Owning parts of the Risk and Control Self-Assessment (RCSA) process including attending meetings, challenging business owners on risks and controls and making updates to the RCSA system
  • Owning parts of the ICAAP process including collation of the ICAAP document, attending and writing up Scenario analysis workshops and gathering and challenging supplementary information
  • Owning the event and breach process including material loss entry into relevant systems
  • Risk reporting:
    • Corporate risk reporting pack production globally including R&C / Board Risk Committees, US AIFMD committee
    • Reporting to Group Risk within the large house that owns the fund
  • Day to day maintenance of the counterparty risk process including monitoring ratings via Bloomberg and running annual creditworthiness and KYC review processes
  • Owning the Key Risk Indicator process and assisting with drafting of the Group Risk Appetite Statement
  • Assisting in the Strategic & Emerging risk identification and assessment process and with actions as relevant
  • Running the action management working group (for outstanding actions in the RCSA)
  • Ensuring all group deadlines are met
  • Maintaining the Risk Policy tracker

Job Specific Competencies

  • Well-developed interpersonal skills, with the ability to engage with various professionals and teams across the region
  • Quality and accuracy of work, comfortable managing a complex and varied portfolio of clients and entities
  • Highly motivated self-starter with gravitas to maintain credibility  with different stakeholders
  • Fully conversant with Word for Windows, Excel and PowerPoint. 
  • Ability to work under pressure and to tight deadlines and balance competing and conflicting priorities
  • Conscientious and willingness to work as part of a team and help out on all matters
  • Understanding of all aspects of the Operational risk framework
  • Understanding of asset management a plus
  • Highly numerate and literate with attention to detail a must
  • Quick to learn with a hands-on, proactive and helpful attitude a must
  • Experience of owning in total, or significant parts of, error and loss reporting process, KRIs, Risk reporting a must
  • Experience of Risk and Control Self Assessments at some level, a must
  • ICAAP experience a plus