Operational Risk Manager - Risks - London, United Kingdom
Location: London, United Kingdom
Type: Full Time
Internal Number: 20425186
Description of the Business Line or Department
The Risk department is formed of four teams focused on operational risk, credit risk, financial risk and the level-2 contrpol team with the respective managers all reporting to the Chief Risk Officer (CRO).
Risk forms the second line of defence (with Compliance) and operate independently of the operational functions. They challenge and support the implementation of risk management measures by the business lines to ensure that the processes and controls put in place are well designed and effective.
Summary of the key purposes of the role
Compliance and Risk form the second line of defence and operate independently of the operational functions. Collectively, they challenge and support the implementation of risk management measures by the business lines to ensure that the processes and controls put in place are well designed and effective.
Risk's primary objective is to contribute to the strategy definition and to the sustainable development of Soci??t?? G??n??rale Kleinwort Hambros' activities and profitability. To that end, the Risk Management Function:
??? Ensures that all risks are identified, assessed, analysed, measured, monitored, managed and properly reported by the concerned business lines in Group, providing a holistic view on all risks, while relying on the analyses produced by the Compliance function and the Group's expert transversal functions;
??? Defines norms, standards and procedures linked to risk management framework and provides keys indicators and analysis for global risk monitoring.
Manages the Group's risk appetite framework and implements the risk
Summary of responsibilities
??? Investigate and report on key operational risk issues within the business.
??? Review risk event register entries to ensure they are appropriate and that actions to correct and minimise recurrence are appropriate. Feedback and follow up (both supporting and challenging as appropriate) with business units where this is not the case.
??? Trend analysis/ root cause analysis on operational errors. Identification of points of failure, followed by pragmatic advice and rigorous follow through in strengthening controls to prevent reoccurrence.
??? Assisting with major risk incidents - including attending major risk incident meetings as an independent observer and operating in a challenge capacity.
??? Providing and coordinating suitable operational risk training to staff in KH.
??? Oversight of the RCSA methodology and implementation thereof.
??? Review and challenge of the departmental and Bank RCSA data on an annual basis.
??? Co-ordinating and supporting business units in the annual review of critical outsourced service providers.
??? A key part of the role is the ability to produce one off Operational Risk reports and further develop regular Operational Risk reports that are well structured and clear.
Perform all duties in accordance with the principles outlined in the KH Code of Conduct, and the SG Code, as well as the policies and procedures relevant to your responsibilities, to ensure that you adhere to a culture that focuses on the long-term sustainability of client relationships and delivers good outcomes to retail clients.
??? Excellent interpersonal communication skills
??? Excellent written communication skills, including the ability to write clear and well-structured reports on issues.
??? Solid analytical background and attention to detail.
??? Proven experience in building strong business relationships.
??? Ability to challenge departments where necessary.
??? Initiative and self-motivation.
??? Desire to further develop the control environment (bringing new ideas) and promote operational risk awareness, thus ensuring the operational risk framework continues to be firmly embedded in the business.
Previous Operational Risk experience, preferably in a financial services environment. Previous experience of Private Banking/Wealth Management advantageous).
??? Past experience of investigating control failures is advantageous.
Why join us
People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like "hard work" and "dedication" together with "community" and "respect" has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.
If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Soci??t?? G??n??rale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.
We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.