Operational Risk Manager

• The role sits within a small team in a dynamic entrepreneurial investment management firm.
• The purpose of the role is to work directly with the Head of Operational Risk in running the Alcentra Operational Risk Framework. Given the small team size, the successful candidate will be required to individually own key components of the framework and work proactively with colleagues across the business to complete required deliverables.
• The teams remit is to ensure the firm is compliant with its regulatory requirements in respect of operational risk, and to constructively add value to operational processes and controls. The successful candidate will need to apply commercial judgement to ensure that recommendations made to the business are proportionate to risk levels and harms that could arise.
• The successful candidate will be an integral member of the department, and will have the opportunity to deliver both as part of a team and also individually.
• The Operational Risk team report into the Alcentra Head of Risk & Compliance. Operational Risk work closely with departments across the business including: Compliance; Investment Risk; Finance; Operations; AML/KYC; Portfolio Management; Trading; IT; Business Development; Product; Investment Structuring & Fund Formation; Credit Research and others.
• This role is a great opportunity for a candidate looking to gain experience across the full Operational Risk Framework, as well as getting involved in broader risk initiatives and projects. Your work will be meaningful and visible within the company. There is significant responsibility from day one.
• The successful candidate will be required to work London hours to align with the Alcentra Limited business. There is a requirement for employees to be present in the office Tuesday through Thursday, with occasional Mondays also.

• Conducting controls testing reviews on the most material operational risks facing the company. Documenting process flows on critical processes.
• Participating in the annual refresh of the firms RCSA. Initially the successful candidate will be project managing the RCSA refresh. This involves organising workshops; preparing materials; and documenting changes to risks and controls as discussed in the meetings. Over time there is the opportunity to host workshops also.
• Collating KRI reporting and commentary monthly. Raising appropriate queries to KRI providers for metrics trending outside of risk appetite.
• Monitoring the open action items tracked within the RCSA, and working with action owners to ensure they are closed timely.
• Providing RfP / DDQ responses to the client facing teams on Operational Risk topics.
• Documenting and remediating errors. This includes conducting root cause analysis, agreeing control improvements (where applicable) and conducting error closure validation.
• Contributing to the Strategic & Emerging Risk Assessment.
• Periodic update of Operational Risk team procedures and policies as required.
• Acting constructively and with a solutions-focussed mindset to the business on topics of Operational Risk both in terms of BAU and also on projects undertaken by the business.
• Other tasks and initiatives as may be required by Senior Management.

• Operational risk, internal audit, or similar background within an investment manager is essential.
• Experience of working within a boutique investment manager is advantageous.
• Proven experience in building controls testing plans and conducting controls testing reviews is highly desirable.
• Process mapping ability.
• Experience of running components of an operational risk framework independently.
• Highly motivated self-starter with the ability to work efficiently and with credibility.
• Well-organised. Able to proactively manage and prioritise their workload.
• Clear and precise verbal and written communication skills with the ability engage with various professionals and teams of all seniorities across the company.
• Logical approach to problem solving, including possessing the commercial acumen to ensure recommendations made to the business are proportionate to the level of risk being mitigated.
• Naturally high attention to detail and strong critical thinking / analytical skills.
• Intermediate skills in PowerPoint, Excel, and Word.

Work Shift Timings - 2:00 PM 11:00 PM IST