Senior Operational Risk Manager

The organisation

Would you like to work for one of the world's largest banks in an exciting, dynamic and international environment? A place where it’s part of the culture to put people first, listen to new and diverse ideas and collaborate towards greater innovation, speed and agility?

We are currently recruiting for a Vice President, Operational Risk Manager for the Operational Risk Management Division in Amsterdam.

This bank offers stability in an ever-changing market, providing services to high-profile clients worldwide. At this bank you will have the opportunity to work in an inclusive and international environment.

The goal of this bank is to be among the top performing foreign-owned banks operating in The Netherlands, providing value-added banking services and excellent operations, fulfilling customers' needs.

The position

Main purpose of the role

• Drives the risk cycle for specific Operational Risk types and is responsible for ensuring risk identification and assessment is effective, and material risks are brought to the attention of senior management in a timely fashion with sufficient quality;
• Is business partner for several functional areas (divisions, departments);
• Is responsible to periodically perform one-off Risk Control Assessments in (potential) high risk areas or following internal incidents, based on own-initiative or by specific senior management request;
• Is responsible to maintain good knowledge of current and upcoming relevant regulations, supporting in planning for timely regulatory compliance on ORM;
• Actively contributes to a risk management culture which is open and considered positive and contributing to the success of the bank.

Function positioning

Operational risks are integral part of doing business. Although operational risks are everybody's responsibility, the bank requires organized and independent internal oversight, facilitation of the risk cycle, and advice to the organization.

Operational Risk Management (ORM) is an integral part of the bank’s Risk Framework with continuous attention within the bank and in the wider EMEA context, triggered by growth/complexity of the operations, focus of the regulator on ORM topics, changes in the operations, and developments in the external environment, e.g. political changes and cybercrime.

ORM forms part of the Risk Management Division which is responsible for:

• Identification, assessment, monitoring and evaluation of all risks in the bank;
• Support and advice in design and deployment of the overall risk management framework, including risk culture, policies, appetite and limits;
• Challenge and escalation of risk and/or control issues to the Management Board.The Operational Risk Manager reports to the head of the ORM department, who in turn reports to the Head of Risk Management Division.

Tasks & responsibilities

• Provide expert advice and guidance to the 1st Line to ensure identification, assessment and consistent management of all material operational & IT system risks (including RCSA, SIIs);
• Monitor adherence of 1st Line to this bank’s framework of rules and policies as well as local laws and regulations and ensure embedding of risk management principles and practices in the Bank’s daily business operations;
• Escalation of (potential) risk events or regulatory breaches in accordance with the risk governance framework;
• Contribute to increased risk awareness in the organization by providing appropriate training, instruction and advice;
• Contribute to enhancement of risk management policy house, including drafting, reviewing and updating policies, methodologies, procedures and work instructions;
• Lead or participate in required projects or initiatives in facilitating the identification and evaluation of risks and controls, providing expertise and recommending proportional cost effective and efficient solutions.
• Provide advice and guidance to team members including motivation, support and the sharing of best practice.
• Promote changes to systems, processes and working practices in order to achieve operational control.
• Pro-actively develop and maintain relationships with a wide range of key contacts in all areas of the bank.
• Support Head of ORM department in promoting risk culture in the bank.

Candidate profile

• Fluent language skills in English and strong in Dutch
• At least 10 years of relevant work experience in banking or advisory roles;
• Experienced in 1st and/or 2nd Line Risk Management;
• Academic degree in Economics, IT, Operational Auditing or other relevant field of study;
• Experience in preparing presentations to senior management and regulators;
• Up to date understanding of relevant guidelines and regulation in EU;
• An up-to-date understanding, of the wider financial services industry, IT industry, regulatory changes and pertinent economic and political factors which may impact on the business;
• Analytical Ability/Financial Acumen/Problem Solving;
• Strong communication skills, with ability to explain a complex topic in a structured and clear manner;
• Demonstrate ability to build relationships, and display organizational sensitivity;
• Take initiative, work structurally and translate ideas into practical solutions;
• Think critically and work independently, and in a team: able to lead and collaborate in (cross-divisional) teams;
• Demonstrate good work ethic, show high attention to detail;
• Be pragmatic, be able to balance business and being in control;
• Ability to handle a significant and diverse workload;
• Sense of humor and ability to work in multicultural environment.

The offer

The gross salary is between €85.000, - and €105.000 (depending on your knowledge and experience) based on a 38.75-hour working week, including 13th month and 8% holiday allowance.

Interested?

You can apply to this position by using the link below.