Operational Risk Manager (Vice President)

Company

Jefferies, the global investment banking firm, has served companies and investors for almost 60 years. Headquartered in New York with its European head office in London, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, and a full range of investment banking services including underwriting, merger & acquisition, restructuring and recapitalisation and other advisory services, with businesses operating in the Americas, Europe and Asia. 

Role Overview

The role is part of the Global Operational Risk Management team (ORM), based in London. Reporting to the Jefferies International Limited (JIL) Head of Operational Risk, the successful candidate will work collaboratively with the global team and stakeholders in other departments to strengthen the implementation and enhancement of the Operational Risk Framework for JIL. The role will provide credible independent challenge and effective second-line oversight of operational risks across the legal entity supporting informed risk-based decision making.

Key Responsibilities

• Partnering with business and control functions to support the implementation, effective operation and ongoing enhancement of the JIL Operational Risk Management Framework and associated processes, in alignment with the firm-wide Operational Risk Appetite Framework and Global Operational Risk Management Policy
• Leading selected JIL-specific Operational Risk Management initiatives, including the identification and assessment of material operational risks, thematic reviews, scenario analysis, reviews of significant operational risk events, assessment of emerging risk themes, and identification of control-enhancement opportunities
• Managing operational risk events arising from activities booked domestically or internationally that affect JIL, and supporting the management of significant events in other regions where required
• Leading or supporting event investigations, including root-cause analysis, control-gap assessment, remediation tracking and timely escalation of material risks and control weaknesses
• ORM Coordinator for the bottom-up and top-down Risk and Control Self-Assessments (RCSA) for JIL across business and corporate functions, including reviewing the completeness and quality of assessments, providing independent challenge to risk ratings, control assessments and remediation plans
• Monitoring and periodic review of Key Indicators (KIs) and metrics to identify emerging operational risks and support timely escalation
• Aggregating event, RCSA, indicator and remediation information to develop a coherent entity-level risk view, and producing monthly and quarterly operational risk reporting, thematic analysis and senior-management insight for executive governance committees and the Board
• Monitoring relevant UK and European regulatory developments, assessing implications for the Operational Risk Management Framework, and supporting the timely implementation and evidencing of required enhancements
• Providing constructive challenge on the adequacy of risk assessments, controls and remediation plans, and escalating material, overdue or inadequately addressed issues through the appropriate governance channels
• Enhancing operational risk data, reporting and analytical capabilities, including improving data quality, automation, visualisation and management insight in partnership with application developers and users 
• Providing training on the Operational Risk Management Framework to relevant stakeholders

Experience and Qualifications

• Significant relevant experience, typically gained through at least eight years in Operational Risk Management, front-office controls, audit, compliance or another risk-and-control function within financial services
• Managing operational risk events, conducting root cause analysis, identifying control gaps, and driving remediation and control enhancement initiatives
• Facilitating Risk and Control Self-Assessments, scenario analysis, risk assessments, and KI monitoring
• Providing independent challenge and oversight to first-line and control functions while maintaining effective working relationships
• Proven track record of building strong relationships across the three lines of defence, with confidence in challenging senior stakeholders constructively, communicate effectively, and the ability to influence others, prioritise based on risk and materiality 
• Strong analytical, organisational, and problem-solving skills, with the ability to independently interrogate datasets and identify patterns, concentrations, and control weaknesses to assess complex risk issues
• Experience presenting risk matters to committees and executive management
• Excellent analytical, communication, stakeholder management, and report-writing skills, with the ability to manage multiple priorities, and deliver practical, risk-based recommendations in a fast-paced environment
• Advanced Excel and PowerPoint skills recommended, and experience with visualization or analytics tools desirable

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