Role Summary
Our client, a major international banking group, is seeking a dynamic and detail-oriented Non-Financial Risk Officer (w/m/d) to join their risk management team in Frankfurt. In this key role, you will support the oversight and challenge of the bank's operational risk management framework, ensuring robust controls and best practices across their operations. Your responsibilities will include investigating information security incidents, reviewing risk assessments for outsourcing engagements, and ensuring compliance with regulatory standards. This position requires fluency in both German and English, as you will interact with stakeholders across the organization and regulatory bodies in Germany and internationally.
Key Responsibilities
- Operational Risk Oversight
- Support the design, implementation, and continuous improvement of the bank's operational risk management framework.
- Conduct regular risk assessments and monitoring activities to ensure operational risks are effectively identified, assessed, and mitigated.
- Partner with business units to challenge risk management practices, advising on best practices and aligning processes with regulatory requirements.
- Incident Investigation and Response
- Participate in the investigation of information security incidents, analyzing root causes, impacts, and potential remediations.
- Coordinate response activities with relevant departments and ensure incidents are managed in accordance with regulatory expectations and internal policies.
- Maintain thorough documentation of all incidents and investigations, providing detailed reporting and follow-up for continuous improvement.
- Outsourcing Risk Assessment
- Review and evaluate risk assessments for third-party and outsourcing engagements, ensuring compliance with internal and external requirements.
- Collaborate with stakeholders to validate that outsourcing arrangements align with the bank's risk tolerance and regulatory guidelines.
- Provide guidance on outsourcing risk management best practices and assist in contract reviews, focusing on operational risk and data security considerations.
- Risk Reporting and Documentation
- Prepare detailed risk reports for senior management, identifying key trends, risks, and recommended actions.
- Maintain and update risk documentation and support the periodic review of risk frameworks, policies, and procedures.
- Contribute to regulatory reporting and liaise with relevant regulatory authorities as needed.
- Stakeholder Management and Collaboration
- Engage and collaborate with a diverse range of stakeholders, including internal business units, auditors, and regulators.
- Act as a subject matter expert on non-financial risk topics, providing advice, training, and support as needed.
- Promote a strong risk culture throughout the organization, helping drive awareness and understanding of operational risk management principles.
Key Qualifications and Experience
- Bachelor's degree in Business, Finance, Risk Management, or a related field. Advanced degree or relevant certifications (e.g., CISM, CRISC) is a plus.
- 5+ years of experience in operational risk management, preferably within the banking or financial services sector.
- Strong knowledge of information security and data protection principles, with experience in incident investigation and response.
- Familiarity with outsourcing risk management, including regulatory requirements and best practices for third-party engagements.
- Proven ability to engage and communicate effectively with diverse stakeholders, from operational teams to senior management.
- Strong analytical and problem-solving skills, with the ability to assess and communicate complex risk topics clearly.
- Fluency in both German and English is required, with excellent written and verbal communication skills in both languages.
Benefits
- Competitive salary and benefits package, including performance-based incentives.
- Opportunity to work in a collaborative, international environment with exposure to global risk management practices.
- Professional development opportunities, including training, certifications, and access to industry conferences and events.
- A strong focus on work-life balance, with flexible working arrangements and a commitment to employee well-being.
If you are a proactive, detail-oriented risk professional with a strong operational and information security background, we invite you to apply for this challenging and rewarding role within our team.
To apply for the Non Financial Risk Officer role, please contact Tom Flint, Specialist Recruitment Consultant at Selby Jennings, with your CV directly.
We are looking forward to hearing from you soon!
