Principal, Operational Risk GB

Principal, Operational Risk (London, GB)

Location:

United Kingdom, England, London

Sector:
Nonprofit/Community/Social Services/International Cooperation

The European Bank for Reconstruction and Development was founded in 1991 when communism was crumbling in Europe and ex‑Soviet countries needed support to nurture a new private sector and democracy. Today we invest to help build market economies from central Europe to central Asia and the southern and eastern Mediterranean. We are now the largest single investor in our region. Owned by 69 countries and two intergovernmental institutions, we provide project financing for banks, industries and businesses, and we also work with publicly owned companies to support privatisation, restructure state‑owned firms and improve municipal services.

Supporting the Associate Director, Operational Risk, this role cultivates a robust risk culture within EBRD by implementing the Operational Risk Framework throughout the organisation. They will be responsible for delivering key projects and performing risk identification and monitoring remediation activities.

Proactive, robust operational risk management is essential to ensure business objectives are met and is regarded as a core competence by stakeholders, rating agencies, clients, counter parties and other interested parties.

• Ensuring businesses adequately and appropriately identify, manage, mitigate, report and escale operational risks in accordance with EBRD requirements.
• Independently advise and educate colleagues across the Bank regarding their roles and responsibilities as per the operational risk policy and framework requirements.
• Responsible for development and delivery of the operational risk plan across selected departments, supporting MDs on improving risk culture and the management of their operational risks, including challenging outputs and actions.
• Partner with business areas to represent the views of ORM at internal committees and working groups to share opinions and influence decisions based on sound Operational Risk Management knowledge and processes.
• Review and make autonomous decisions and report on analysis of incidents, issues and business indicators/metrics for key control monitoring and act as necessary where any business appears to be operating, or to be at risk of operating, outside the established risk appetite.
• Perform deep‑dive root cause analysis of material issues and incidents or support the business own investigation, coaching to ensure appropriate analysis and challenge as needed.
• Proactively identify OpRisk knowledge gaps across the Bank and ensure effective training to address these gaps.
• Supervise and quality‑assure the drafting of key ORM guidelines, procedural documents and intranet information pages to ensure there is no inconsistency in message or outcome.
• Contribute to development of the Operational Risk Management System and associated strategy to drive product development, ensuring it meets current and future EBRD requirements.
• Develop, implement and maintain management information and operational risk reporting to allow senior business leaders to make more informed business decisions.
• Develop external relationships with regulated organisations to keep abreast of good practice.
• Conduct other activity as requested by the Director ORM.

• A degree or equivalent in a risk‑related field, such as Accountancy, Risk Management, Chartered Financial Analyst or Chartered Accountant.
• Experience of working in Risk Management with at least 5 years in operational risk in a financial services organisation.
• Experience of developing and deploying Operational Risk Management Frameworks and Operational Risk tools/systems.
• Experience of Risk Appetite & Scenario Analysis development & implementation.
• Operational Risk reporting and governance experience.
• Banking product knowledge and Development bank experience will be advantageous.
• Motivated and proactive, skilled at handling multiple complex tasks efficiently and to high standards, with resilience toward conflicting priorities and demanding challenges.
• Expertise in translating risk…