About the Role:
Our client, a major international financial services institution, is seeking an experienced Operational Risk Manager to join their Risk Management team in Luxembourg. This is a fantastic opportunity for a skilled professional to play a pivotal role in enhancing the firm's operational risk management framework, ensuring compliance with regulatory requirements, and supporting risk assessment processes across various business lines.
Key Responsibilities:
- Develop, implement, and enhance the Operational Risk Management (ORM) framework in line with regulatory requirements and industry best practices.
- Conduct risk and control assessments (RCA) across key business areas, including custody operations, banking, and investment fund services.
- Identify, assess, monitor, and report on operational risks, ensuring that adequate controls and risk mitigation strategies are in place.
- Support the implementation and enhancement of Key Risk Indicators (KRIs) and risk reporting processes.
- Oversee and contribute to the development of risk policies and procedures to align with local and international regulatory frameworks.
- Collaborate with business units to identify emerging risks, assess their impact, and propose risk mitigation solutions.
- Monitor and analyze operational risk incidents, ensure timely reporting, and follow up on remediation actions.
- Provide risk expertise and advice on operational risk topics related to custody operations, fund services, and banking activities.
- Work closely with IT and Information Security teams to assess risks related to technology, cyber threats, and data security.
- Support internal and external audits and regulatory inspections related to operational risk matters.
- Deliver training and awareness programs to promote a strong risk culture within the organization.
Key Qualifications & Experience:
- 5+ years of experience in operational risk management, risk control, or a related role within the banking or investment fund industry.
- Strong knowledge of regulatory requirements related to operational risk, particularly in Luxembourg and the EU (e.g., CSSF, EBA, ESMA regulations).
- Experience in custody operations, banking, or investment fund services is essential.
- Familiarity with risk management frameworks such as Basel III, COSO, or ISO 31000.
- Understanding of IT and Information Security risks is a strong advantage.
- Proven ability to develop and implement risk management policies, controls, and assessment processes.
- Excellent analytical and problem-solving skills with a keen eye for detail.
- Strong communication and stakeholder management skills, with the ability to engage with senior management and business teams.
- Proficiency in English is required; French or German is an advantage.
To apply for the Operational Risk Manager role, please contact Tom Flint, Specialist Recruitment Consultant at Selby Jennings, with your CV directly.
We are looking forward to hearing from you soon!
