1 LOD Coordinator / Operational Risk Manager

The Bank for International Settlements seeks a Senior LOD Coordinator / Operational Risk Manager in Basel to enhance its operational risk framework and drive compliance across technology.

This position sits within the Strategy and Governance team of the ITS group. The primary objective is to strengthen the bank's operational risk framework while collaborating on innovative risk management solutions. The role also focuses on driving compliance and best practices throughout the technology sector.

Responsibilities

• Work with Technology and the 2LoD to pinpoint key and emerging risks for critical technology activities, assess risk exposures and controls, map business processes, and contribute to the Risk Appetite Annual Review.
• Take overall responsibility for inherent, control, and residual risk assessments of identified risks through periodic RCA assessments.
• Ensure control activities are effective, formulate responses to identified risks and issues, establish procedures for operations and controls, and proactively identify and report on operational incidents.
• Review and monitor control activities or quality assurance procedures, collect and monitor control reports, KRIs, and operational incident data, and escalate breaches as appropriate.
• Perform and have overall responsibility for meaningful and tailored risk reporting at all hierarchies.
• Oversee and coordinate the closure of IT audit activities and CATs and provide advice, guidance, and support to management regarding operational risks and incidents.

Requirements

• Relevant degree from a university of international standing, with 7 years requisite working experience after university.
• High degree of strategic thinking and ability to problem solve in ambiguous situations.
• A high level of experience within risk management and the 1LoD model for enterprise risk management.
• Strong analytical thinking skills to solve problems, evaluate options and determine pragmatic ways forward.
• Experience implementing or coordinating 1LOD operational risk management at a commercial bank or financial market utility.
• Experience facilitating risk management workshops including material development.
• Experience in coordinating interdisciplinary working groups, ideally in an international environment.
• Excellent drafting and communication skills in English particularly for policy documentation.
• Strong interpersonal skills and strong cultural sensitivity. Proven experience curating diverse perspectives.

What the company offers

• Agile and flexible working environment with hybrid working opportunities including home office and working from abroad days.
• Relocation support that extends to dependent family members.
• Competitive compensation and benefits package, including support for working families including childcare and education allowances.
• A genuinely unique international working environment with exposure to the global financial system and collaboration with experts from all over the world.

About the company

Internationalism is at the core of the organization's identity, with employees from over 66 countries and offices in nine locations. The organization strives to attract the best talent and foster an inclusive environment.

• Internationalism is at the core of the organization's identity, with employees from over 66 countries and offices in nine locations.
• The organization strives to attract the best talent and foster an inclusive environment.