A start-up bank is seeking a Head of Operational Risk & Outsourcing Risk to help build the risk capabilities of the bank and embed a full risk oversight framework. The bank is nearing the end of the design stage, so still early in its life and offers a fairly unique opportunity to fully develop a 2nd line of defence operational risk framework and 3rd party risk oversight area from scratch. The bank has an impressive executive team already in place from diverse backgrounds, and this will suit a high achiever who can drive change - there is a clear drive for any hires to be independent thinkers.

You will be involved in:

• Develop, own and implement the Operational risk and outsourcing framework within the overarching risk management framework
• Lead refinements to operational risk tolerance statements and development of KRIs for reporting to the Board's risk committee
• Work closely with everyone in the business including 1st line, 3rd line, CEO and NEDs
• Set up risk register and RCSA processes alongside business leads
• Engage in strategic discussions at an early stage, such as decisions on new commercial partners to ensure the Risk function enables smooth onboarding within the Board's risk tolerance
• Lead implementation of risk management software as appropriate
• Working with first line to ensure compliance with EBA Outsourcing guidelines and FCA / PRA work on operational resilience

You will have:

• Excellent communication skills
• Proven experience showing independent thought (rather than just following embedded processes and procedures)
• Excellent experience in Operational Risk, Outsourcing risk / Vendor risk management / 3rd party risk oversight; UK Banking Regulations; Implementation of Regulatory Change
• You should have had solid experience with Conduct Risk, Corporate Governance, and Financial Crime / Cyber Crime
• You are likely to have had the majority of your experience working for a bank, ideally having solid exposure with mortgages, SME Finance or unsecured consumer loans
• This role will be hands on given the small size of the bank, with a need for this person to be responsible for a wide range of risk topics while retaining the key focus on 2LOD Operational Risk, setting up risk frameworks, and frameworks for 3rd party relationships

Please apply now for further information.

Keywords:

Head of Operational Risk; Head of Outsourcing Risk; 2LOD; 2nd Line of Defence Operational Risk Framework; Risk Frameworks; Vendor Risk; 3rd Party Oversight; Banking Regulations; FCA; PRA; Challenger Bank