Risk Management Specialist

Job Overview

We are looking for a seasoned Operational Risk Management Consultant to drive the development and improvement of the Operational Risk Management framework at a prominent financial institution. This role requires extensive experience in operational risk within Banking or Financial Services, focusing on risk governance, assessment, controls, compliance, and reporting. The specialist will collaborate with various stakeholders including Risk, Compliance, Internal Audit, and Senior Management to manage risks effectively while meeting regulatory standards.

Core Responsibilities

• Establish, execute, and uphold the Operational Risk Management (ORM) framework.
• Review and refine policies, procedures, and standards related to operational risk.
• Align ORM practices with applicable regulations and industry best practices.
• Champion a robust risk-aware culture organisation-wide.
• Conduct identification, assessment, and evaluation of operational risks across different business units.
• Perform Risk & Control Self-Assessments (RCSA) and recommend risk mitigation actions.
• Maintain enterprise-wide risk registers and monitor risk control effectiveness.
• Develop and track Key Risk Indicators (KRIs) and prepare comprehensive risk dashboards and reports for management.
• Identify emerging operational risks and escalate critical findings appropriately.
• Handle operational risk incidents including loss event reporting and root cause analysis.
• Oversee corrective measures and maintain loss event databases.
• Ensure compliance with banking regulations, policies and support audits and regulatory inspections.
• Engage with business units, compliance, internal audit, information security, and senior leadership to facilitate risk workshops and awareness.
• Prepare and manage all essential governance and audit documentation related to operational risk.

Experience & Qualifications

• At least 10 years’ experience specializing in Operational Risk Management, preferably in Banking or Financial Services.
• Proven history in designing, implementing, and maintaining ORM frameworks.
• Demonstrated expertise in Risk Identification, Assessment, Mitigation, RCSA, KRIs, Incident Management, Risk Reporting, and Compliance.
• Strong communication and stakeholder management skills.
• Bachelor’s degree in Finance, Accounting, Business Administration, Risk Management, Economics, IT, Computer Science, Engineering, or related domains.