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 1st LoD. 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:

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

Your experience must include:

• 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
• Working knowledge of Guarantees will be advantageous
• Strong IT skills
• Excellent communication skills both written and oral
• 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