Lead Risk Analyst validating various models at Starling Bank. Engage with stakeholders to ensure effective model risk management practices.
About the role
- Risk Manager enhancing and maintaining Operational Risk Management Framework and Internal Control System at Piraeus Bank. Contributing to regulatory compliance and effective risk identification and assessment across the organization.
Responsibilities
- Contributes to the enhancement and maintenance of the Operational Risk Management Framework and Internal Control System, including related policies, methodologies, and procedures.
- Reviews Bank policies and procedures to ensure clarity, adequacy, and effectiveness of controls, identifying areas for improvement.
- Coordinates and guides 1st Line of Defence (1LoD) Internal Control Functions in risk identification and assessment (RCSA), control testing, and cross-functional issue resolution.
- Assesses operational risk exposure across business units and evaluate the effectiveness of the Internal Control System.
- Validates risk identification and control assessment outcomes, exercising independent judgment and providing effective challenge where required.
- Participates in ex-ante operational risk assessments (e.g. new products, ICT changes, outsourcing arrangements).
- Supports incident and loss event analysis, including root cause analysis (RCA).
- Contributes to the development and assessment of operational risk scenarios, including extreme but plausible events.
- Performs independent evaluations of control design and operating effectiveness, and monitor remediation actions to address identified weaknesses.
- Ensures adherence to data governance standards for operational risk data (RCSA, loss data, scenarios), in collaboration with the Data Governance Unit.
- Prepares regular operational risk reports for internal Committees and Supervisory Authorities, including risk profile and risk appetite metrics.
- Supports activities related to regulatory frameworks, supervisory requests, and disclosure requirements (e.g. ICAAP, Pillar III).
- Collaborates with Internal Control Functions to design and enhance controls, strengthening the overall control environment.
- Performs internal control activities within the Operational Risk Unit.
- Supports subsidiaries in the implementation and consistent application of operational risk and internal control frameworks.
Requirements
- Bachelor’s degree in Economics, Finance, Statistics or a related discipline
- MSc in Finance, Risk Management, Statistics or related field will be considered as an asset
- Min 5 years of banking experience in Risk Management or other control related functions
- Strong understanding of :
- o Operational Risk Management Frameworks (ORMF)
- o Risk and Control Self-Assessment (RCSA) methodologies
- o Internal Control Systems and the Three Lines of Defence model
- o Regulatory frameworks (EBA Guidelines, DORA, Basel/BCBS principles)
- o Outsourcing and third-party risk management
- Professional certifications (e.g. CIA, ACCA, COSO) will be considered as an asset
- Excellent verbal and written communication skills in English
- Strong interpersonal, communication and presentation skills
- Ability to handle multiple projects simultaneously, setting priorities and meeting deadlines
Benefits
- Competitive remuneration package
- Private health insurance program
- All-bank wellbeing program
- Initiatives that enhance physical, mental & emotional health
- Digital technologies and tools that support new ways of working and flexible working options
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Location requirements
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