Head of Operational Risk

The purpose of this role is two-fold. Firstly, to lead a team of Operational Risk ('OpRisk') professionals to enhance and continually develop the Operational Risk vision and strategy for the Bank to ensure it is sustainable and remains fit for purpose. Secondly, to develop, drive, maintain and provide oversight of an institutional wide Operational Risk Framework for the Bank, that is both efficient and effective. This consists of a network of policies, processes, procedures, reports and responsibilities that are used to monitor and manage the operational risks of the Bank. The Head of Operational Risk role will be the primary person responsible for ensuring the Bank has an active and robust operational risk management approach. Operational Risk is a business-critical component for the Bank's three lines of defence model and is regarded as a core & essential competence by stakeholders, rating agencies, clients, counterparties and other interested parties and impacts all aspects of the Bank's critical operations. The Head of Operational risk is tasked with ensuring the Bank's approach to Operational Risk is in accordance with good practice and aligns with the needs of the Bank. The role is based in the second line of defence, providing independent oversight of the risks identified and managed by the business. It involves embedding the OpRisk framework and practices into the Bank's operations and developing plans and strategies to ensure OpRisk culture is continually improved, through the innovative use of technology and aligning with external good practice.