Operational Risk Manager

At Investec, we do things differently. We're a leading international bank and wealth manager built on a culture of curiosity, entrepreneurial spirit and human connection. Ideas are heard, ambition is celebrated, and impact is encouraged. As part of a team that challenges convention and strives for outperformance, you'll help shape bold solutions for clients who expect something more than the ordinary.

Team description

The IBP Operational Risk team promotes sound and consistent management of operational risk across Investec Bank plc and its subsidiaries, in line with the IBP Board's risk appetite.

Working with the wider Investec Operational Risk community and other second-line functions (Compliance, Fraud, Financial Crime), the team embeds common taxonomies, frameworks and systems, and engages and challenges the first line so that risks are identified, managed within appetite and escalated to Management Committees.

Description of role and key responsibilities

Second-line oversight of the Operational Risk Framework across ICSI and IGSI, including:

• Facilitate RCSAs with business units and support functions, covering the end-to-end transaction lifecycle, risk event trends and KRIs.

• Ensure timely capture and review of operational risk events, with root-cause and trend analysis and appropriate escalation.

• Monitor key controls, KRIs and independent assurance findings, linking them into RCSAs and tracking actions to closure.

• Facilitate the capture and periodic refresh of risk acceptances.

• Promote operational risk awareness and deliver training to all employees.

• Prepare governance forum reports highlighting material risks and themes.

• Represent ICSI and IGSI in operational risk forums and working groups.

• Participate in the operational risk capital process and scenario workshops.

• Provide second-line challenge and oversight of third-party / outsourcing risk for key vendors and suppliers.

• Provide second-line challenge of business continuity, incident and crisis management practices.

• Engage with other second-line functions: Operational Resilience, Fraud, Financial Crime, Financial Risk and Third-Party Management.

Core skills and knowledge

· 5+ years in risk and controls (or a related function) in banking or financial services, with the ability to advise on controls and risk mitigation.

· Detailed knowledge of operational risk frameworks, methodologies and principles (RCSA, risk events, KRIs, scenario analysis).

· Knowledge of multi-asset wholesale banking products, including the full trade lifecycle, balance sheet risk and compliance considerations.

· Understanding of BCP, incident and crisis management, and third-party / outsourcing risk management.

· Strong communicator, able to challenge constructively and work effectively with local and offshore stakeholders.

· Strong analytical skills; good working knowledge of Microsoft Office (Excel, Word, PowerPoint) and AI tools.

· Desirable: Degree in Finance, Commerce or a related field, and/ or a recognized professional qualification

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote. We believe that being together enables us to live our values and support our clients and communities in an extraordinary way.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work. You can find a list of our benefits here

Embedded in our culture is a sense of belonging and inclusion. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation. We believe that innovation thrives when everyone feels respected, included, and empowered to contribute.

We actively seek out diverse talent and foster an inclusive environment, encouraging applications from people of all backgrounds and experiences. Here, you'll find networks, benefits, and development opportunities designed to support your career journey, wherever it may lead.

If this role excites you but you don't meet every requirement, we'd still love to hear from you. Your unique perspective and experience could be exactly what we are looking for. Get in touch!

At Investec, we're deeply invested in our clients, our colleagues, and our communities. It's more than a mindset; it's how we show up every day.

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the ‘Accessibility Options' link at the top of the page.

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If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.