Operational Risk / Trade Assurance - CONTRACT ROLE - £750 PER DAY


Operational Risk / Trade Assurance - CONTRACT ROLE - £750 PER DAY

Job Title: Operational Risk / Trade Assurance - CONTRACT ROLE - £750 PER DAY
Contract Type: Temporary
Location: London
Salary: £750 per day
Start Date: ASAP
Reference: PW3478
Contact Name: Phillip Wood
Contact Email:
Job Published: August 31, 2017 16:51

Job Description



RATE: £700 - £800 PER DAY



  • The Operational Risk management function is independent from business line management and is part of second line of defense. It is responsible for the development and maintenance of the operational risk governance framework, facilitating business’s adoption of the framework, oversight and reporting, as well as for monitoring and challenging the management of the Operational Risk profile.

  • The team proactively analyses root causes, trends and emerging threats, advises on the remediation of potential control weaknesses and recommends best practice solutions. Team members have expertise in the key functions they are responsible for to ensure effective challenge.


  • Whilst this role reports directly into the Chief Risk Officer, it has a matrix reporting line into the Head of Operational Risk and will work closely with the members of the Operational Risk team

  • To provide quality assurance, on a front to back basis over the trade lifecycle, of structured trades/products that the bank has transacted.

  • Key Stakeholders will include the CEO, CRO and Head of Operational Risk


  • The candidate will provide assurance that trades have been executed in accordance with the bank’s policies, procedures and regulatory guidelines.

  • The candidate will work closely with Operational Risk and have a matrix reporting line to the Head of Operational Risk.

  • Designing, implementing and maintaining a testing framework that will be applied to each trade under review

  • Reviewing specific trades on a front to back basis to ensure execution is in line with policy and approval conditions. This will include reviewing all department documentation associated with the trade including Front Office, Risk, Legal, Compliance, Operations and Finance.

  • Providing assurance to senior management that trades have been executed adequately. If deficiencies are discovered, providing analysis of root cause and recommendations for remediation.

  • Embed as part of the Operational Risk framework and contribute to annual RCSA process

Preferred Qualifications and Experience:

  • Relevant experience within an Investment Bank

  • Strong product knowledge with an understanding of the full trade lifecycle and process flows – experience in a support and/or front office function highly beneficial.

  • Ability to apply expertise to detect and highlight potential issues with trade execution

  • Comfortable dealing with Senior Management and building relationships with a variety of stakeholders and partners.

  • Prior second- or third line experience would be beneficial



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