Operational Risk Associate

Impax Asset Management Group; Portsmouth; Hybrid; GBP 60,000 - 80,000

Job description

ROLE PURPOSE

Reporting to the Senior Operational Risk Manager, the role holder will support the Senior Operational Risk Manager, and the wider risk team on operational risk matters.

The role has a primarily US focused but also global remit, and requires close collaboration with internal and external stakeholders to support the Senior Operational Risk Manager in the development, implementation and management of the group wide Risk Management framework, primarily focused on operational risk.

KEY RESPONSIBILITIES

KEY RESPONSIBILITIES

1. Supporting the embedding of Risk and Control Self Assessments (RCSAs) within business units;
2. Monitoring and, where applicable, escalating any concerns regarding increases in risk exposures and any potential risk appetite breaches;
3. Providing input into the capital/liquidity adequacy and risk assessments and risk appetite processes;
4. Helping the business identify emerging risks;
5. Facilitating incident management response processes;
6. ISAE3402 internal controls assurance coordination.

KEY DELIVERABLES

Supporting second line oversight of enterprise risk by assisting management in developing a robust risk management culture, which includes embedding operational risk ownership within first-line business units. Prime examples will include:

1. Risk Indicators proactively reported to the risk function;
2. Business unit risk representatives identified and informed;
3. Departmental risk policies and procedures are kept updated;
4. Staff risk awareness is tailored to their roles and responsibilities;
5. Staff behaviours evidence the proactive identification and escalation of risks.

SKILLS, KNOWLEDGE, EXPERIENCE

Essential:

1. Experience in enterprise / operational risk management, gained in the financial services sector;
2. Experience with risk regulatory requirements (SEC, MIFIDPRU, UCITS, AIFMD) and associated risk metrics;
3. Experience producing high quality, comprehensive risk MI and reports;
4. Experience using various tools and systems including Bloomberg, PowerBI, SQL and MS Office;
5. Ability to work autonomously, connect various requirements across multiple frameworks;
6. Self-starter, pro-active and enthusiastic individual with a keen eye for detail who is able to engage effectively with first line businesses to enable the adoption of risk-based/commercial approaches to business decisions and initiatives;
7. Knowledge or experience of advising/overseeing operational risk matters, including:
   • Change and transformation;
   • Investment processes (portfolio management and trading);
   • Cyber-security, data protection & business resilience;
   • Outsourcing and vendor management;
   • Key-person succession planning.
8. Strong awareness of the global asset management sector and its products;
9. Ability to deliver authoritative and accurate risk reports to senior stakeholders such as Directors, external auditors, and regulators;
10. Willingness to exercise judgement in the assessment of the materiality of risks and in the adequacy and appropriateness of the business response to those risks;
11. The ability to maintain an independent and objective stance in a relatively small organisation with a strong team culture;
12. The ability to positively influence different audiences is important in this role.

Desirable:

1. Familiarity with key ESG regulations and standards;
2. Relevant academic degree or equivalent;
3. Professional Risk of Finance qualifications e.g. (IRM, FRM, CISI, ACCA, ACA).

Other Role-related Info:

1. Full-time permanent role paying competitive salary;
2. Hybrid working with 3 days in the office, 2 from home.