Apply for Director, Operational Risk Management, London, United Kingdom Job Vacancy | Position

Requisition ID: 35263

Office Country: United Kingdom

Office City: London

Division: Risk Management

Contract Type: Fixed Term

Contract Length: 4 years

Posting End Date: 05/01/2025

Purpose of Job

The Director, Operational Risk Management (ORM) leads the Bank’s monetary threat administration (operational threat, info safety, knowledge safety and monetary assertion controls).

Key to this function is selling sound threat administration practices in these areas throughout the organisation. This consists of in depth liaison and problem to Senior Management (MD stage and above) throughout the Bank to make sure their operational dangers are recognized, monitored and managed. Overall the function requires in depth liaison and affect Bank-wide with senior leaders, together with efficient problem on this second line of defence function to make sure acceptable mitigation is put in place or dangers are accepted. This entails setting, implementing, and regularly assessing a framework for minimizing the affect of non-financial threat occasions to the Bank and cost-effectively bettering the management setting or making certain Senior Management perceive dangers which can be accepted.

Accountabilities & Responsibilities

• Drives the event and upkeep of a risk-aware tradition, partaking ExCom and the Board to set the tone and making certain MDs and their Directors take accountability for end-to-end course of administration and controls.
• Responsible for main the event, ongoing overview and upkeep of the Operational Risk, Information Security, Data Protection and non-Financial Risk Appetite Frameworks.
• Drives engagement with RiskCom on governance associated to those non-financial dangers, together with presenting the fabric modifications to the frameworks yearly and reporting on their growth.
• Delivering and sustaining an efficient Operational Risk, Information Security, knowledge safety and Internal Control infrastructure, governance and threat methods that assist the enterprise in figuring out and managing dangers.
• Setting clear obligations for the administration of these dangers to the enterprise areas and offering unbiased challenges making appropriate suggestions that enhance the Bank’s management setting and administration of these dangers.
• Challenge the chance homeowners (division heads on the MD stage) who ought to be adequately figuring out, monitoring and growing acceptable mitigation for their residual dangers to scale back the dangers to acceptable ranges.
• Develop, keep and monitor a granular threat urge for food assertion for the Bank’s top-level non-financial dangers difficult urge for food homeowners of their evaluation and making certain associated key efficiency indicators are designed, monitored and acted upon.
• Develop and foster operational threat and knowledge safety threat expertise throughout the Bank by figuring out mandatory coaching necessities, supervising the event of coaching programmes and making certain completion via acceptable penalties.
• Support Senior Management decision-making by speaking materials dangers, incidents, and traits to make sure they’re conscious of dangers they’re going through, facilitated by growing threat and management instruments which improve the Bank’s threat administration (non-credit/market), bearing in mind value / profit.
• Being part of the Corporate Leadership Group (CLG) of the Bank, keep a constructive dialogue with departments throughout the Bank, and keep shut co-operation with different Risk Management groups so as to perceive upcoming points and touchpoints the place threat mitigation could also be required.
• Identify related threat exercise, points and incident info to incorporate within the threat administration framework and Operational Risk problem.
• Ensuring rising and materials dangers are promptly recognized and acted upon, with clear accountability throughout the enterprise and escalate materials operational threat incidents and points to MD Risk Management, CRO and ExCom colleagues in accordance with escalation procedures.
• Ensure classes realized and root trigger evaluation are accomplished for materials occasions and related actions are monitored and accomplished.
• Chairs OPCWG (Director stage illustration) which assesses whether or not new merchandise or vital variations to present merchandise will introduce vital change (i.e. to methods, useful resource necessities, accounting, authorized) requiring further useful resource/time to implement, advising Chair of RiskCom accordingly, as part of the overarching choice whether or not/ learn how to proceed with the change. Co-ordinate RM inputs into such discussions by reviewing conclusions from the RM management workforce
• Leading Information Security and Data Protection actions to make sure the Bank is protected against leakage of delicate knowledge and different monetary penalties by delivering acceptable mitigation round customers and person behaviour, third-party assessments of knowledge assist and in depth liaison with IT safety to make sure technical controls complement the controls round individuals (the remit of Info Sec),
• Develop and ship the method to make sure the Bank’s inside evaluation strategy of controls over Financial Reporting will be yearly attested to and might assist CFO signing off on the Financial Statements, by making certain all MDs concerned in key processes have ample design and take a look at the effectiveness of stated controls.
• Liaison with exterior auditors over the Financial Reporting management assertion and consultants appointed to hold out audits of the EBRD on behalf of donors (i.e. the EU) to make sure the actions on this function are appropriately assessed (i.e. EU pillar evaluation over knowledge safety)
• Maintain exterior community to make sure that market follow is known together with liaison with different useful counterparts at IFI / MDB organisations. Represent the Bank in acceptable boards protecting the function’s actions and Risk Management as required.

People Leadership and Management

• Directly accountable for the engagement and efficient general administration of workers within the perform together with recruitment, expertise and efficiency administration, teaching and growth. ehUkTcw DJhcjc
• Monitors and ensures the workforce offers well timed and efficient assist and recommendation, proactively manages the pipeline of exercise
• Provides management and imaginative and prescient to the workforce and is accountable for all facets of managing, supporting and growing the workforce to ship the workforce technique and aims.
• Builds a tradition of steady enchancment and ‘considering exterior the field’ to ship efficiency consistent with strategic aims and according to the EBRD’s values.
• Champions and function fashions the Bank’s Behavioural Competencies and Corporate Behaviours, making certain adherence inside the workforce(s) in order that the very best requirements of integrity and moral conduct are exhibited always.

Knowledge, Skills, Experience and Qualifications

• Relevant diploma or equal expertise.
• A big variety of years of related and broad expertise in a monetary companies organisation.
• Extensive data of threat administration rules.
• Strong Knowledge of Banking services, the operation of a Bank and interplay / inter-dependencies of departments therein.
• Strong data of operational threat, inside controls design and effectiveness.
• Understanding of related regulation as a benchmark.
• Extensive “client management” expertise demonstrating the power to work extremely successfully throughout the organisation at totally different ranges constructing sturdy and efficient working relationships.
• Strong expertise in course of and organisational design. Knowledge of Sarbanes Oxley, Basel II/III, ISO27001 could be useful.
• Demonstrated means to handle a workforce of technical specialists working in several spheres and the power to not directly handle bigger groups of workers to create a cohesive bigger workforce.
• Strong partnership expertise to allow constructive engagement with groups all through the Bank and contribute to the cohesiveness of the Bank’s senior administration.
• Strong management, administration and communication expertise mixed with a capability to inspire professionals to ship enterprise aims successfully in a multi-cultural, results-oriented organisation.
• Judgement and analytical means – reveals sound judgement and customary sense, analyses points accurately and produces acceptable options.
• Proven expertise main a multi-disciplinary workforce uncovered to difficult geographical environments.
• Proven sturdy teaching expertise, significantly associated to the event of workforce members.
• Significant individuals administration expertise, together with workforce and useful resource planning.

What is it prefer to work on the EBRD?

Our agile and revolutionary strategy is what makes life on the EBRD a novel expertise! You will probably be part of a pioneering and various worldwide organisation, and use your skills to make an actual difference to individuals’s lives and assist form the way forward for the areas we put money into.

The EBRD setting offers you with:

• Varied, stimulating and interesting work that provides you a chance to work together with a variety of specialists within the monetary, political, private and non-private sectors throughout the areas we put money into;
• A working tradition that embraces inclusion and celebrates variety;
• An setting that locations sustainability, equality and digital transformation on the coronary heart of what we do.

Diversity is without doubt one of the Bank’s core values that are on the coronary heart of all the things it does. A various workforce with the appropriate data and expertise permits reference to our shoppers, brings pioneering concepts, power and innovation. The EBRD workers is characterised by its wealthy variety of nationalities, cultures and opinions and we purpose to maintain and construct on this energy. As such, the EBRD seeks to make sure that everyone seems to be handled with respect and given equal alternatives and works in an inclusive setting. The EBRD encourages all certified candidates who’re nationals of the EBRD member nations to apply no matter their racial, ethnic, spiritual and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote versatile working and anticipating our worker to attend the workplace 50% of their working time.

Please be aware, that because of the excessive quantity of functions obtained, we remorse to tell you that we’re unable to offer detailed suggestions to candidates who haven’t been shortlisted (for additional consideration).

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