Operational Risk Manager - Loan Operations

An exciting opportunity has arisen within a small European Bank in a newly created multitask role. The position will be split 50% as the Local Operational Risk Manager and 50% providing cover/support to the Transaction Management team across both Credit & Loans administration.

As the local Operational Risk Manager, you will be managing operational risk within the 1

stLoD. The role sits within the Transaction Management team, whose responsibilities include managing/tracking/servicing of loan agreements (Loans Administration) as well as processing/management/monitoring of the loan portfolio post-sanctioning (Credit Administration).

Your duties will cover:

1. Risk & control self-assessments – working with business teams to map out processes, identify risks and assess existing controls in Operational Risk Management Framework
2. Reviewing/challenging business procedures, products and any systems changes, to ensure they align with the Bank’s risk appetite and group policies
3. Investigating and tracking Operational loss events
4. Being the primary contact point to liaise with Head Office and report to Senior Management on Operational Risk
5. Extensive liaison between RM’s and clients ensuring accurate processing of loan, security and facility-related activities and any issue resolution
6. Co-ordinating and overseeing credit administration activities including documentation review, facility booking, data maintenance etc
7. Monitoring and reporting on key portfolio obligations/risk indicators including covenant compliance, real estate valuations, distressed notifications etc
8. Preparing and reviewing regulatory, management, and operational reporting
9. Maintaining/enhancing operational controls and procedures providing specialist support for guarantees, debt-for-equity transactions and MiFID requirements

Your experience must include:

1. At least 3 years relevant Operational Risk management experience including some Loan Operations experience/exposure OR Loans processing/operations experience gained within banking with additionally proven control/risk reporting experience
2. Working knowledge of Guarantees will be advantageous
3. Strong IT skills
4. Excellent communication skills both written and oral
5. Team player with a flexible approach to expand knowledge/experience to assume extra responsibilities

This role will initially be working 5 days a week in the London office for the first 6 months before converting to hybrid.