Operational Risk Manager
About the role
Our Operational Risk team
We’re looking for an Operational Risk Manager to join Monzo’s ever growing, high performing Risk & Compliance team! In this second line of defence role, you’ll give support to the business in rolling out and embedding core elements of the risk management framework, with a focus on operational resilience, financial processes, investment / wealth products, and regulatory projects, such as the Internal Capital Adequacy Assessment Process (ICAAP). Like any other regulated bank, we need to make sure we’re identifying the right risks and growing in control, but we want to do so whilst continuing with our agile “test and learn” approach to launching products.
You will build and support the implementation and day-to-day management of the operational risk management framework, complete oversight and challenge to the first line of defence, oversee and review change activity, investigate risk incidents, support risk assessments, and complete risk assurance activity. The role presents a great opportunity to focus on the management of operational risk and become a trusted second line risk partner to different areas across the business.
You’ll play a key role by…
- Supporting the implementation and operation of Monzo’s risk management framework, including embedding of the risk and control self assessment process and 2nd line oversight and monitoring
- Partnering with teams to help develop new products and features by embedding good risk practices, particularly Finance and Wealth / Investment departments
- Managing and following up on risk events that happen at Monzo, partnering with teams to find solutions and identify risks and controls
- Conducting in-depth reviews of different areas of the business, their adoption and implementation of technology, regulatory compliance and reporting on operational risk matters to oversight committees
- Reviewing and assessing changes to operational processes that impact on our company risk profile
- Analysing Operational Risk data such as incidents, external event scanning and operational losses to provide insights and identify any trend(s) and/or risk(s).
- Promoting and helping embed a strong risk culture, making risk meaningful and relevant to everyone at Monzo.