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Continuity and Operational Resilience Risk Manager

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Job Summary

  • Dublin
  • Permanent
  • BBBH839426
  • Jan 25, 2023
  • €70k - €90k
Job Description

Key hire for one of Ireland's leading financial service establishments, flexible hybrid working model and Dublin CC location.

Continuity and Operational Resilience Risk Manager

As the Continuity and Operational Resilience Risk Manager, you will work in an integrated team of

Risk SMEs, which designs and implements comprehensive policies, and provides oversight,

monitoring and reporting.

The Risk Function is an independent, second line of defence function that monitors, controls and

supports risk-taking activities across The Group. The purpose of the Risk Function is to provide advice and

guidance in relation to risk while providing independent oversight and reporting on The Group's risk profile.

The Risk Function's main objective is to ensure The Group has a robust risk management framework and

culture in place to ensure risks are taken within the risk appetite set by the Board, in support of The Group's

customer franchise and social responsibility.

The Operational Risk team is a second line risk function responsible for supporting the management

of the Bank's operational risks, working with all areas across The Group. This is undertaken by:

  • Review and challenge of The Group's operational risk profile ensuring all operational risks are
  • identified, managed, monitored and reported in accordance with the Bank's operational risk

    framework.

  • Guidance & advice to the Board, CRO and other stakeholders in relation to Bank's
  • operational risks & emerging risks, trends, upstream horizon.

  • Championing the embedding of a robust risk culture where risks are understood and taken
  • within risk appetite.

  • Utilising the opportunities arising from the execution of our strategic initiatives to challenge
  • and protect the organisation and reduce operational risk while enhancing business value,

    security, and resilience.

  • A highly engaged, empowered, and agile team that can realise its potential and builds
  • collaborative, open and cooperative relationships with all stakeholders to support the

    achievement of the Group's objectives.

    Oversight, Monitoring & Assurance

    Provide independent oversight and challenge to senior business leaders in the first line of

    defence to ensure the effectiveness of operational risk management framework, policies

    and strategies.

    Design, develop, test, monitor and report on Operational Resilience risk, Controls, Appetite

    and overall risk profile and compliance with Frameworks in accordance with relevant

    regulations;

    Responsible for the development and implementation of the Operational Resilience 2nd Line

    of Defence risk strategy & plan.

    Responsible for developing and agreeing the risk appetite for Operational Resilience for the

    Bank. Perform oversight, monitoring and reporting on Operational Resilience Risk Appetite

    statements and tolerances;

    Ensure that the Operational Resilience priorities are delivered in accordance with The Group's Risk

    Appetite;

    Performing deep dives, thematic assessments and risk reviews across Operational Resilience

    - ensuring risk recommendations are accepted and delivered by the 1LOD

    Provide strategic risk analysis and risk perspectives to inform key risk and Group decisions on

    approach to Continuity & Operational Resilience.

    Responsible for the development and delivery of the effective risk reporting & MI, including

    review and monitoring of KRI's;

    Oversee the ongoing development of a reporting suite and summary dashboards which

    facilitate timely and meaningful oversight;

    Responsible for preparing and documenting 2LOD challenge to 1LOD risk management

    papers. Effectively represent the independent 2LOD view of Operational Resilience at

    management risk committees, programme steering meetings, Group governance

    committees etc to ensure the right risks are being considered and proposed mitigating

    controls are challenged; and

    Reporting of any breaches of the Continuity and Operational Resilience Risk policy to

    relevant fora.

    Frameworks and Policies

    Responsible for the stewardship & ongoing development and implementation of the Group

    Frameworks & Policies in relation to Continuity and Operational Resilience;

    Ensure all Operational Risk frameworks and policies are fully compliant with relevant

    recommendations and guidance from the relevant authorities and financial regulators, (e.g.

    EU, CBI, EBA, BCBS, PRA/FCA); and

    Oversight of the development of relevant support materials to assist with successful

    interpretation and implementation of relevant risk management frameworks & policies.

    Facilitate training for 1LOD on various aspects of the expectations for the bank's Continuity

    and Operational Resilience.

    Influence

    Challenge and influence the 1LOD risk identification, assessment, management and

    reporting of Business Continuity and Operational Resilience risks. Uses professional and

    independent risk judgement to challenge and develop recommendations for process/policy

    enhancements;

    Effectively challenge and influence business behaviours and risk culture, highlighting issues

    and articulating outcomes;

    Influences senior management in decision making to ensure that Operational Resilience

    activities operate within defined risk appetites and that controls are effective;

    Attend and / or be a member of key business and risk Fora as required;

    Effectively challenge and influence the 1LOD risk identification, assessment, management

    and reporting of BCM Operational Resilience Risks. Use professional and independent risk

    judgement to challenge and develop recommendations for process/policy enhancements;

    Maintain an up to date knowledge of relevant regulations, emerging regulatory

    requirements and industry good practices; and

    Through participating in industry groups, influence the development of regulatory

    requirements for Business Continuity and Operational Resilience risk.

    Work within the constraints and realities of our business to develop pragmatic and

    implementable solutions and standards within the continuity and resilience risk domain.

  • Minimum 5 years of experience in financial services, specifically Operational Resilience,
  • business continuity or a related risk role. Relevant professional qualifications (ideally IA,

    ACA/ACCA/CIMA) or candidates undergoing these exams would be advantageous.

  • An experienced leader and a proven Operational Resilience or Continuity risk specialist, with
  • knowledge of Operational Resilience risk assessment and controls management, including an

    understanding of relevant regulatory guidance and industry best practice.

  • Proven experience collaborating with a team of risk specialists and experience interacting
  • and delivering on Regulatory reviews.

  • Effective relationship management, communication and influencing skills, both written and
  • verbal at senior levels.

  • Have a proven understanding and demonstrable experience of financial services industry
  • products and regulations at a detailed level.

  • Have demonstrable experience collaborating with a variety of different stakeholders to
  • achieve a defined outcome.

    Morgan McKinley is acting as an Employment Agency in relation to this vacancy.

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    Consultant Details

    Consultant Details

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    Alex Caffrey