Head of Operational Risk

Hybrid in Edinburgh·Added yesterday (last checked 29 Oct)

Agency

Harvey Nash

50 open roles

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Our summary

Work mode: Hybrid, Edinburgh
Contract: Contract role, inside IR35
Experience: Senior level
Closing date: Apply by Thursday 12 November

Skills

Requirements

Nice to have

Banking, investment banking, asset management or wider financial services experience
Knowledge of PRA, FCA and broader UK regulatory expectations
Experience within a development bank, public sector financial institution or investment organisation
Relevant professional qualifications (IRM, ICA, PRM, FRM or equivalent)

Pay & benefits

What you'll get

Rate: £400

The role

Head of Operational Risk | 6 Month / Edinburgh (Hybrid) | Inside IR35

What you'll do

Lead the operational risk function and act as the subject matter expert for operational risk across the Bank
Maintain and enhance the operational risk framework, policies and governance processes
Oversee risk identification, assessment, monitoring and reporting activities
Ensure robust Risk and Control Self-Assessment (RCSA) processes are embedded across the organisation
Manage operational risk events, issues and actions through to resolution
Produce high-quality risk reporting for Executive Committees, Board Risk Committees and senior stakeholders
Challenge and support business areas in the management of operational risks
Lead scenario analysis, risk appetite monitoring and key risk indicator (KRI) reporting
Support regulatory engagement and ensure compliance with relevant risk management expectations
Work closely with Internal Audit, Compliance and business leaders to drive a strong risk culture
Provide leadership and mentoring to risk team members where applicable

The Opportunity

We are seeking an experienced Head of Operational Risk to lead and strengthen the Bank's operational risk framework during a period of continued growth and regulatory focus.

Reporting into the Chief Risk Officer, this role will provide strategic leadership across operational risk management, ensuring the Bank maintains a robust control environment while supporting business objectives and regulatory requirements.

This is a high-profile position requiring deep financial services experience and a proven track record of implementing and embedding operational risk frameworks within regulated environments.

Essential Experience

Significant operational risk experience within a regulated financial services environment
Experience operating at Head of Risk, Senior Operational Risk Manager or equivalent level
Strong understanding of operational risk frameworks, governance and risk management best practice
Experience presenting risk matters to Executive and Board-level stakeholders
Demonstrable experience of implementing and improving risk and control frameworks
Strong knowledge of risk assessments, controls testing, incident management and risk reporting
Excellent stakeholder management and influencing skills