Operational Risk Manager
| Job Type | Permanent / Full Time |
| Area | Essex, England |
| Sector | Executive Management - Other |
| Salary | Competitive |
| Start Date | ASAP |
| Advertiser | Susan Curran |
| Job Ref | 884717 |
| Job Views | 195 |
- Description
- Operational Risk Manager
Role Overview
The Operational Risk Manager is responsible for identifying, assessing, monitoring, and mitigating operational risks throughout the organisation. The role supports the development and maintenance of the operational risk framework, ensuring compliance with regulatory expectations and alignment with the organisation's risk appetite.
This is a hands-on role working closely with senior stakeholders, business leaders, and control functions to embed effective risk management and governance practices and promote a strong risk culture.
Key Responsibilities
- Develop, implement, and maintain the operational risk management framework, policies, and procedures
- Identify and assess operational risks across business units, including people, process, systems, and external risks
- Facilitate and challenge Risk & Control Self-Assessments (RCSAs)
- Monitor and report key risk indicators (KRIs) and emerging risks
- Manage operational risk incidents and losses, including root cause analysis and remediation tracking
- Ensure compliance with relevant regulatory requirements and internal standards
- Prepare high-quality risk reports and dashboards for senior management and committees
- Advise and challenge the business on control design and effectiveness
- Contribute to continuous improvement of risk governance and risk culture
- Support audits, regulatory reviews, and risk assurance activities
- Cross functional support for Health & Safety and Data Protection
- Senior Management
- Business Unit Leaders
- Compliance, Internal Audit, Compliance, Health and Safety
- External regulators and auditors
- Strong understanding of operational risk management and governance principles and frameworks
- Risk assessment and mitigation
- Implementing policies and procedures
- Excellent analytical and problem-solving skills
- Ability to assess complex processes and identify control weaknesses
- Strong stakeholder management and influencing skills
- Clear, concise written and verbal communication
- High attention to detail with the ability to see the bigger picture
- Ability to work independently and manage competing priorities
- Proven experience in operational risk, enterprise risk, or a related control function
- Experience working in a regulated environment
- Familiarity with regulatory frameworks
- Relevant professional qualification desirable
- Degree-level education or equivalent
- High integrity and sound judgement
- Proactive and solutions-focused mindset
- Confidence to challenge constructively
- Collaborative and adaptable
- Commitment to continuous learning and improvement