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Operational Risk Consultant

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Phoenix Group

17d ago

  • Job
    Full-time
    Junior & Mid Level
  • Dublin

AI generated summary

  • You need a relevant risk management qualification, 1-3 years in operational risk, teamwork skills, a challenging mindset, strong organization, excellent communication, and influence abilities.
  • You will support operational risk management, oversee incident reporting, facilitate assessments, enhance risk reporting, and promote risk practices internally and externally.

Requirements

  • Relevant professional qualification relating to Risk Management or Compliance
  • 1-3 Years Operational Risk Management in the 2nd or 3rd Lines of defence or Management of Operational Risk in the 1st line of defence
  • Ability to work effectively in a team environment
  • Challenging mindset with the desire to understand the impact of operational risk exposures
  • Excellent organisational skills, attention to detail and the ability to prioritise workload, multitask and work to tight deadlines
  • Excellent presentation and communication skills, both verbal and written
  • Ability to influence key business stakeholders; and constructively challenge viewpoints

Responsibilities

  • - Responsible for supporting the operation of the ORM framework, including:
  • - Oversight, check / challenge of Incidents and Near Miss recording with root cause analysis and lessons learned;
  • - Annual challenge / review of suite of risk policies;
  • - RCSA facilitation and challenge.
  • - Operational Risk Assessment facilitation to maintain the Operational Risk register;
  • - Driving appropriate usage of Risk Administration System.
  • - Advanced user of the Risk Administration System.
  • - Working closely with Line 1 Risk & Governance representatives across the business; and
  • - Support and delivery of training presentations on risk management related topics.
  • - Assist in the production, development, and enhancement of Risk Reporting for use within the necessary internal risk management committees.
  • - Awareness and focus on business priorities and key change programmes, providing an appropriate level of risk support and challenge.
  • - Support 2nd line of defence team members and interact cooperatively and productively with 1st line of defence to drive positive risk outcomes through the influence of key stakeholders, gaining executive buy-in; and
  • - Promote and communicate good risk management practices internally and represent the implementation and embedding of these practices externally to the Phoenix Group and the regulatory bodies (CBI).

FAQs

What is the job title for this position?

The job title is Operational Risk Consultant.

What is the duration of the contract?

The contract is for a fixed term of 12 months.

Where is the job located?

The job is located in Dublin with hybrid working arrangements.

What kind of flexible working arrangements are offered?

We will discuss what is important to you and balance this with business requirements during the recruitment process.

What is the main responsibility of the Operational Risk Consultant?

The main responsibility is to lead the implementation and embedding of a ‘fit for purpose’ Operational Risk Management (ORM) framework.

Who do I report to in this role?

You will report to the Head of Risk Management.

What experience is preferred for this role?

A background in 2nd line implementation of Operational Risk Management is desirable, but experience in the 1st or 3rd line of defence in Operational Risk will also be considered.

What are some key responsibilities associated with this role?

Key responsibilities include oversight of incidents, annual review of risk policies, RCSA facilitation, maintaining risk registers, and training on risk management topics.

What qualifications are preferred for this position?

A relevant professional qualification relating to Risk Management or Compliance is preferred.

What skills are necessary for this role?

Necessary skills include experience in Operational Risk Management, excellent organizational and communication skills, ability to influence stakeholders, and a challenging mindset.

Do you value diversity in the workforce?

Yes, we value diversity in our workforce and welcome enquiries from everyone.

Is there support for adjustments during the recruitment process?

Yes, if you require any adjustments to the recruitment process, you can let us know, and we will help you to be at your best.

Phoenix Group

We're the UK's largest long-term savings and retirement business, serving c.13m customers through our consumer brands.

Finance
Industry
5001-10,000
Employees
1782
Founded Year

Mission & Purpose

Phoenix is the UK’s largest long term savings and retirement business. Our customer brands include SunLife, Standard Life, Phoenix Life, and ReAssure. While we have a thriving ‘open’ business through the Standard Life and SunLife brands, a key driver of value for us is our expertise in managing ‘heritage’ books of business no longer open to new customers. We have offices around the UK as well as operations in Dublin and Frankfurt. As one of Britain’s Top Employers, we offer opportunities for you to challenge and develop yourself in a company that looks after our colleagues, customers and communities. Please do not post private information publicly. Phoenix Group is the brand for Phoenix Group Holdings PLC, its subsidiary companies and brands.