Senior Operational Risk Analyst in Payment Risk en Bank of England
Bank of England · Leeds, Reino Unido · Onsite
- Professional
- Oficina en Leeds
Division Overview
Payment Operations Division is responsible for running the RTGS and CHAPS services and is at the heart of our ‘Resilient and Responsive’ strategic goal. We benefit from teams focused on day-to-day operations and managing the wider range of participants we service. We operate a continuous improvement model and have a close working relationship with embedded and matrixed Technology teams to help ensure we maintain the highest standard of service provision for RTGS. The division also contains a Change & Planning Office responsible for coordinating changes to our live systems and our dedicated local risk management, operational resilience and comms/engagement functions, reflecting the criticality and scale of the services we provide.
Department Overview
The Payments Risk team is our embedded first-line risk team, responsible for ensuring that the RTGS and CHAPS services are run in line with the Board-approved risk tolerance statements. We do this by implementing our risk management framework and risk policies, ultimately collating risks into a risk register, as well as embedding risk culture for how we develop and deliver our RTGS and CHAPS services.
We are recruiting for an Operational Risk Analyst to support analytical risk activity related to our third-party risk and assurance activities.
Job Description
- Lead risk assessment activity relating to the third-parties involved in the delivery of the RTGS / CHAPS services. Lead assurance reviews of our most critical third-parties.
- Contribute to the strategy for 3rd party risk management for RTGS/CHAPS, and deputise for the TPRM Manager as required.
- Work individually to prioritise own workload and line manage/mentor more junior staff when required.
- Engage with stakeholders in all 3 lines of defence to promote a shared understanding of assurance activities and outcomes.
- Develop and embed risk 3rd party risk management framework, strategy, policies and procedures.
- Planning, executing and improving key external audit activities (ISAE3402 and ISO27001). Leading assurance review of audit activities on our third-parties.
- Suggest initiatives to enhance the effectiveness of the RTGS/CHAPS third-party risk management processes and controls.
Role Requirements
Minimum criteria
- A clear understanding of 3rd party and outsourcing risks and how they can be managed, proven demonstrable experience in third party risk management (TPRM), with extensive experience within sectors such as government departments, Financial Market Infrastructures, banks, insurance companies, or technology firms
- An understanding of industry standard control frameworks and auditing standards (e.g. ISAE 3402, ISAE 3000, ISO27001, ISO27002, Cyber Essentials plus) and a track record of successful assurance analysis.
- Proven exceptional communication and presentation skills, with an ability to convey complex risk information in a clear, concise manner even when working with ambiguous situations.
- Proven strong organisational skills and attention to detail, with the ability to manage challenging timelines through effective prioritisation;
- Proven ability to influence stakeholders towards good risk management outcomes;
- An encouraging team player who is able to work autonomously, challenge constructively and handle a range of parallel activities who understands the Banks ‘Bank behaviours’ and culture;
- People management experience or (demonstrated via career to date) the desire to learn these skills.
Essential criteria
- Professional risk management qualification and/or equivalent
- Experience leveraging and managing data to support risk assessment and reporting;
- Familiarity with technology and cyber risks and related control frameworks.
- Previous experience of supervision or regulatory oversight;
- Familiarity with banking regulations and standards, particularly those related operational risk and resilience
Desirable criteria
- Third-party risk CPD credits.
- Proven experience of workflow tools (Jira, confluence etc)
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Leeds circa: £48,640 - £54,720 (depending on skills and experience)
- Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
- A discretionary performance award based on a current award pool.
- An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
- 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
- Private medical insurance and income protection.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
