Experienced Operational Risk Manager Needed
Budget: £20 – £250 GBP
A highly experienced Operational Risk Manager with specialist non-financial risk experience across the first line of defence. In-depth knowledge of fundamental operational risk disciplines, including Risk Control Self-Assessment , change risk management and risk appetite. Highly experienced in presenting to senior leaders.
Management reporting and governance expertise, designing, building and producing management information reporting and governance for Risk, Treasury, and Product Control.
Experienced risk manager and product controller with direct experience controlling and valuing Treasury products, derivatives and securities
2023-PRESENT SANTANDER UK | Risk Data Governance & Controls Manager
Conceptualisation and implementation of data strategy by creating governance structure, operating model, engagement framework, and roadmap, nurturing robust relationships with enterprise-wide leadership with a keen focus on driving data maturity.
• Passion for Data: Proactive leadership and accountability for all data activity across the Risk and Compliance division, gaining support from the Risk and Compliance leadership and operational teams, providing risk representation at the Data Forum.
• Results driven: Improved data governance practices, driving business value in key services, including IRB, IFRS9, and stress testing, along with an increased regulatory DISA compliance as high as 34% in some areas, within the first year of strategy implementation.
• Influencing and negotiation: Partnered with and influenced cross-functional teams in embedding the adoption of data ownership and stewardship (up by 33%), creating a sense of community around data management in Risk. Championed data management best practice, operating as a data governance, privacy, storage, and retention lead in risk.
• Pioneering practices: Kickstarted data issues management within the function by articulating the impacts of key quality issues and creating compelling business cases for these to be remediated at source.
• Support the annual review of data assets, related KDEs, and BCBS239 responsibilities where relevant. Seeking as a minimum to reach foundational governance and supporting the Risk Head of Data.
2019-2023 SANTANDER UK | Risk Governance and Internal Controls
• Perform the Internal Controls for MSR including the Account Ownership Reconciliation Process with Treasury Accounting, ensuring consistency between the P&L reported by Risk and Finance and that the Economic P&L Policy's requirements are complied with.
• Using QlikSense, built P&L adjustment analysis reporting, highlighting root cause of manual intervention requirements, quantity and value of adjustments. Used reporting to highlight and reduce manual intervention. Improved clarity of manual intervention where it is still required.
• Improved MSR's Fair Value Policies such that requirements were explicit, measurable and located together.
• Built a series of Policy Compliance Assessment Packs that test whether the controls and activities performed by MSR reflect the requirements set out in MSR's Fair Value Policies. Worked with risk managers to remediate deficiencies, updated Policies where required.
• Run the Market and Structural Risk Control Forum on behalf of the Managing Director of MSR.
• Deliver compliance with Group requirements in terms of Global Policy validation – built governance trees and performed gap analyses to ensure consistency between the structures and the requirements, wrote, edited, adopted Policies or Procedures where required.
• Maintain MSR's responsibilities under the CRO Governance Tracker – provided top-quality adherence to the Bank's governance requirements, providing multiple years of governance hygiene.
• Perform a manager level review of MSR wide monthly reporting (including ALCO Pack, EWRM Pack, MSRCF Pack).
• Developed a process to improve efficiency and bring consistency to MSR's responses to New Product Proposals.
• Responsible for operating Operational Risk Control activities within Market & Structural Risk. · Internal controls framework (including S-OX and ETE) and RISK CONTROL SELF ASSESMENT programme for M&SR. · Completion/maintenance of control-related inventories (including EUCs, models, processes, controls). ·
• OR Champion responsibilities, producing packs for OR Control Forum. · RISK CONTROL SELF ASSESMENT – leading Treasury Risk response act as main contact for 1stand 2nd lines of defence.
• Operational Risk - Increase team's knowledge of risks, procedures, and controls. · Increase awareness of Operation Risk policies and procedures within Treasury Risk & Analytics via communications and workshops.
• Successfully deliver Treasury Risk & Analytics RCSA reviews and the Use Test Management Review to demonstrate the that Operational Risk Culture is embedded into TR&A. · Success is measured by frequent updates of TR&A's RCSAs and an improvement in the Use Test Management Review.
• Implemented independent controls testing across Treasury Risk teams ensuring the division has confidence it its controls effectiveness.
• Owner of various Line 1 governance responsibilities including Business Continuity Planning, Operational Continuity in Resolution assessment and EUC attestation / reduction, ensuring the function meets its BAU responsibilities.
2016-2019 SANTANDER UK | Risk Controller Market & Structural Risk
• Responsible for operating Operational Risk Control activities within Trading Market Risk.
• Internal controls framework (including S-OX and ETE) and Risk Control Self-Assessment programme for Treasury Risk.
• Control and data integrity projects affecting Treasury Risk(End to End)
• Completion/maintenance of control-related inventories (including EUCs, models, processes, controls). · Embedding of OR Champion responsibilities.
• Risk Control Self-Assessment – Evolution and tracking. · RDA – Monitoring Group KRIs/Metrics ·
• Leading Group Documenta Project for TMR Responsible for collating, analysing and producing operational risk reporting for senior Line 2 forums, resulting in an extensive overview of the organisations operational risk profile.
• Contribution to half-yearly operational risk reporting to Executive Risk & Control Committee and Board Risk Committee.
2011-2015 SANTANDER UK | Operational Risk Manager, Treasury Risk & Analytics
• Responsible for operating Operational Risk Control activities within Trading Market Risk.
• Internal controls framework (including S-OX and ETE) and Risk Control Self-Assessment programme for Treasury Risk.
• Control and data integrity projects affecting TMR (End to End) · Completion/maintenance of control-related inventories (including EUCs, models, processes, controls).
• Embedding of OR Champion responsibilities.
• Risk Control Self-Assessment – Evolution and tracking. · RDA – Monitoring Group KRIs/Metrics · Leading Group Documenta Project for Treasury Risk.
2011-2015 SANTANDER UK | Risk Control Associate
• Ensure all Market Data is sourced validated and certified in Global Asset Control.
• Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented. · Be the first point of contact for Front Office, IT and Finance for all projects involving Risk.
• First point of contact for Front Office, Risk, Middle Office, Audit and Madrid for new market data requests and queries.
• Specific projects include Market Data Independence, Financial Transaction Tax, Basis Curves In Murex 2, Streamlined risk reporting processes, enhancing efficiency and accuracy. Monitored compliance with internal and external risk management standards.
• Skills Dodd Frank and Fx Options Re bookings. · Collateral Valuation – Risk Control review Collateral disputes checking valuations and confirming Market Data. · Ensure all key MI requirements are met, production of Monthly Market Data Review Paper.
2008-2011 SANTANDER UK | Product Controller
• Responsible for preparation and analysis of daily P&L for Rates and Fx Sales desks.
• Point of contact for Finance for month-end Economic / Accounting PnL
• Ensure all Market Data is sourced validated and certified in Global Asset Control. Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented.
• Assisted in setting up FX Sales Desk P&L reports in Reef. · Summit to Murex migration
2006-2008 Lloyds Bank | Assistant Manager Middle Office
• Responsible for preparation and analysis of daily P&L for Fixed Income and Forex Desks.
• Summit Migration
• Assisted in developing and creating new reports that provided clear and concise information to senior management
• Assisted in UAT testing for new systems being released to improve the efficiency of our daily P&L reports. · Developed Market Data process implementing Asset Control.
2001-2008 SANTANDER UK | Product Controller
• Responsible for preparation and analysis of daily P&L for Rates Desk.
• Production of month-end Economic / Accounting PnL
• Daily and Month End reconciliation of P&L and Brokerage.
• Ensure all Market Data is sourced validated and certified in Global Asset Control
• Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented.
• Implementation of Summit System into the Bank UAT testing of P&L and Market Data. (1997 – 2001) Finance
• Responsible for reconciling Fixed Income P&L between Santander and Bankers Trust.
• Cash and Nostro Reconciliations · Production of month-end Economic / Accounting PnL · Daily and Month End reconciliation of P&L and Brokerage.
• Assisted in UAT testing for new systems being released to improve the efficiency of our P&L and Finance reports
• Assisted in setting up the Equity Derivatives Desk testing and developing P&L reports.
Management reporting and governance expertise, designing, building and producing management information reporting and governance for Risk, Treasury, and Product Control.
Experienced risk manager and product controller with direct experience controlling and valuing Treasury products, derivatives and securities
2023-PRESENT SANTANDER UK | Risk Data Governance & Controls Manager
Conceptualisation and implementation of data strategy by creating governance structure, operating model, engagement framework, and roadmap, nurturing robust relationships with enterprise-wide leadership with a keen focus on driving data maturity.
• Passion for Data: Proactive leadership and accountability for all data activity across the Risk and Compliance division, gaining support from the Risk and Compliance leadership and operational teams, providing risk representation at the Data Forum.
• Results driven: Improved data governance practices, driving business value in key services, including IRB, IFRS9, and stress testing, along with an increased regulatory DISA compliance as high as 34% in some areas, within the first year of strategy implementation.
• Influencing and negotiation: Partnered with and influenced cross-functional teams in embedding the adoption of data ownership and stewardship (up by 33%), creating a sense of community around data management in Risk. Championed data management best practice, operating as a data governance, privacy, storage, and retention lead in risk.
• Pioneering practices: Kickstarted data issues management within the function by articulating the impacts of key quality issues and creating compelling business cases for these to be remediated at source.
• Support the annual review of data assets, related KDEs, and BCBS239 responsibilities where relevant. Seeking as a minimum to reach foundational governance and supporting the Risk Head of Data.
2019-2023 SANTANDER UK | Risk Governance and Internal Controls
• Perform the Internal Controls for MSR including the Account Ownership Reconciliation Process with Treasury Accounting, ensuring consistency between the P&L reported by Risk and Finance and that the Economic P&L Policy's requirements are complied with.
• Using QlikSense, built P&L adjustment analysis reporting, highlighting root cause of manual intervention requirements, quantity and value of adjustments. Used reporting to highlight and reduce manual intervention. Improved clarity of manual intervention where it is still required.
• Improved MSR's Fair Value Policies such that requirements were explicit, measurable and located together.
• Built a series of Policy Compliance Assessment Packs that test whether the controls and activities performed by MSR reflect the requirements set out in MSR's Fair Value Policies. Worked with risk managers to remediate deficiencies, updated Policies where required.
• Run the Market and Structural Risk Control Forum on behalf of the Managing Director of MSR.
• Deliver compliance with Group requirements in terms of Global Policy validation – built governance trees and performed gap analyses to ensure consistency between the structures and the requirements, wrote, edited, adopted Policies or Procedures where required.
• Maintain MSR's responsibilities under the CRO Governance Tracker – provided top-quality adherence to the Bank's governance requirements, providing multiple years of governance hygiene.
• Perform a manager level review of MSR wide monthly reporting (including ALCO Pack, EWRM Pack, MSRCF Pack).
• Developed a process to improve efficiency and bring consistency to MSR's responses to New Product Proposals.
• Responsible for operating Operational Risk Control activities within Market & Structural Risk. · Internal controls framework (including S-OX and ETE) and RISK CONTROL SELF ASSESMENT programme for M&SR. · Completion/maintenance of control-related inventories (including EUCs, models, processes, controls). ·
• OR Champion responsibilities, producing packs for OR Control Forum. · RISK CONTROL SELF ASSESMENT – leading Treasury Risk response act as main contact for 1stand 2nd lines of defence.
• Operational Risk - Increase team's knowledge of risks, procedures, and controls. · Increase awareness of Operation Risk policies and procedures within Treasury Risk & Analytics via communications and workshops.
• Successfully deliver Treasury Risk & Analytics RCSA reviews and the Use Test Management Review to demonstrate the that Operational Risk Culture is embedded into TR&A. · Success is measured by frequent updates of TR&A's RCSAs and an improvement in the Use Test Management Review.
• Implemented independent controls testing across Treasury Risk teams ensuring the division has confidence it its controls effectiveness.
• Owner of various Line 1 governance responsibilities including Business Continuity Planning, Operational Continuity in Resolution assessment and EUC attestation / reduction, ensuring the function meets its BAU responsibilities.
2016-2019 SANTANDER UK | Risk Controller Market & Structural Risk
• Responsible for operating Operational Risk Control activities within Trading Market Risk.
• Internal controls framework (including S-OX and ETE) and Risk Control Self-Assessment programme for Treasury Risk.
• Control and data integrity projects affecting Treasury Risk(End to End)
• Completion/maintenance of control-related inventories (including EUCs, models, processes, controls). · Embedding of OR Champion responsibilities.
• Risk Control Self-Assessment – Evolution and tracking. · RDA – Monitoring Group KRIs/Metrics ·
• Leading Group Documenta Project for TMR Responsible for collating, analysing and producing operational risk reporting for senior Line 2 forums, resulting in an extensive overview of the organisations operational risk profile.
• Contribution to half-yearly operational risk reporting to Executive Risk & Control Committee and Board Risk Committee.
2011-2015 SANTANDER UK | Operational Risk Manager, Treasury Risk & Analytics
• Responsible for operating Operational Risk Control activities within Trading Market Risk.
• Internal controls framework (including S-OX and ETE) and Risk Control Self-Assessment programme for Treasury Risk.
• Control and data integrity projects affecting TMR (End to End) · Completion/maintenance of control-related inventories (including EUCs, models, processes, controls).
• Embedding of OR Champion responsibilities.
• Risk Control Self-Assessment – Evolution and tracking. · RDA – Monitoring Group KRIs/Metrics · Leading Group Documenta Project for Treasury Risk.
2011-2015 SANTANDER UK | Risk Control Associate
• Ensure all Market Data is sourced validated and certified in Global Asset Control.
• Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented. · Be the first point of contact for Front Office, IT and Finance for all projects involving Risk.
• First point of contact for Front Office, Risk, Middle Office, Audit and Madrid for new market data requests and queries.
• Specific projects include Market Data Independence, Financial Transaction Tax, Basis Curves In Murex 2, Streamlined risk reporting processes, enhancing efficiency and accuracy. Monitored compliance with internal and external risk management standards.
• Skills Dodd Frank and Fx Options Re bookings. · Collateral Valuation – Risk Control review Collateral disputes checking valuations and confirming Market Data. · Ensure all key MI requirements are met, production of Monthly Market Data Review Paper.
2008-2011 SANTANDER UK | Product Controller
• Responsible for preparation and analysis of daily P&L for Rates and Fx Sales desks.
• Point of contact for Finance for month-end Economic / Accounting PnL
• Ensure all Market Data is sourced validated and certified in Global Asset Control. Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented.
• Assisted in setting up FX Sales Desk P&L reports in Reef. · Summit to Murex migration
2006-2008 Lloyds Bank | Assistant Manager Middle Office
• Responsible for preparation and analysis of daily P&L for Fixed Income and Forex Desks.
• Summit Migration
• Assisted in developing and creating new reports that provided clear and concise information to senior management
• Assisted in UAT testing for new systems being released to improve the efficiency of our daily P&L reports. · Developed Market Data process implementing Asset Control.
2001-2008 SANTANDER UK | Product Controller
• Responsible for preparation and analysis of daily P&L for Rates Desk.
• Production of month-end Economic / Accounting PnL
• Daily and Month End reconciliation of P&L and Brokerage.
• Ensure all Market Data is sourced validated and certified in Global Asset Control
• Ensuring that the Market Data model is followed.
• Ensure all new market data requests are actioned and implemented.
• Implementation of Summit System into the Bank UAT testing of P&L and Market Data. (1997 – 2001) Finance
• Responsible for reconciling Fixed Income P&L between Santander and Bankers Trust.
• Cash and Nostro Reconciliations · Production of month-end Economic / Accounting PnL · Daily and Month End reconciliation of P&L and Brokerage.
• Assisted in UAT testing for new systems being released to improve the efficiency of our P&L and Finance reports
• Assisted in setting up the Equity Derivatives Desk testing and developing P&L reports.
Related categories:
Compliance
Risk Management
Data Analysis
Data Governance
Risk Assessment
Data Management
Change Management