Operational Risk Analyst - #1757052

Welcome to AlRayan Bank UK, the most successful Sharia compliant bank in the United Kingdom.

AlRayan Bank UK is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the AlRayan Bank Group - formerly Masraf Al Rayan, and one of the largest banks in Qatar, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At AlRayan Bank UK, we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual's unique perspectives are valued.

We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you'll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

Come and join us and be part of something extraordinary.

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We have a fantastic opportunity for a Operational Risk Analyst to join us at our Birmingham Office. The purpose of the Operational Risk Analyst role is to support the development and delivery of the Bank’s risk management framework through facilitation and analysis of operational risk activities including incident management, RCSAs, policies, risk metrics and reporting. The analyst will work closely with colleagues in the Enterprise & Operational Risk team, the wider Risk team and across the Bank as a whole. This role provides opportunities to develop an understanding of activities across the Bank and to influence business improvement to support achievement of the Bank’s strategy.

Key Responsibilities

The responsibilities of the Operational Risk Analyst will be based on the following activities, with the responsibilities developing in conjunction with growth of the role holder and changing requirements and priorities of the Bank:

• Logging and triaging business incidents, recording of incident details, exploring root causes and preventative actions, monitoring incident management completion and insightful reporting on incidents to risk committees and other forums
• Analysis of operational risk losses and reconciliation to financial accounts; support development of an operational risk loss database to meet requirements under Basel 3.1
• Support RCSA facilitated reviews, including analysis of internal data and external themes, and provide periodic reporting on RCSA activity and outputs for risk committees and other forums
• Oversight of risk metric reporting across the Bank and collation into reports for risk committees and other forums, including preparation of quarterly reporting to Qatar Central Bank and delivery of ad hoc reporting requests
• Support of policy approval coordination and monitoring, including reporting to ERC and BRC, and annual review of adherence to policy management standards
• Support scenario analysis for input into the Bank’s ICAAP model, including scenario documentation, analysis of internal and external to input into the scenarios and production of outputs
• Coordination of risk training and culture measures including Clever Nelly, culture pulse surveys etc.
• Provide administration of the Bank’s risk management tool (currently Pentana) including maintaining users, creating dashboards and reports etc, and participate in development of the tool incl. replacement of the current tool
• Qualifications & Experience
• Graduate level and/or minimum of 2-3 years working experience in Financial Services
• Suitable for colleague considering or willing to complete professional risk management qualifications

Knowledge & Skills

• Strong analytical skills, including ability to handle and analyse structured and unstructured data
• Inquisitive
• Articulate and clear written communication, including reporting writing
• IT literate with proficiency in the use of desktop tools including Microsoft Office packages such as Excel, PowerPoint and Word

Behavioural Competencies

You will be required to demonstrate our 1Team values and associated behaviours which are outlined below:

• Trusted to do the right thing - To act with total integrity. Put the customer first and stick to our promises.
• Empowered to own - To embrace change, take responsibility and ask for help when needed.
• Able to deliver - To draw on each other’s strengths and believe in ‘no blame’ and ‘no ego’s’. Show resilience.
• Motivated to succeed - To be passionate about our work. Look for opportunities to learn and grow and celebrate each other’s success.

Conduct

We expect staff to follow the standards required by our regulators. At all times:

• Act with integrity
• Act with due skill, care and diligence
• Be open and co-operative with regulators
• Pay due regard to the interests of customers and colleagues and treat them fairly
• Observe proper standards of market conduct
• Act to deliver good outcomes for retail customers

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in.

Empowering your career, together we’ll deliver banking you can believe in.