Gail Danvers+44 20 7970 9755Gail.danvers@psdgroup.com

Agenda

1. Introduction

2. Profile of an Operational Risk Practitioner

3. Current Trends

4. Remuneration

5. Career Prospects

6. How Can We Raise the Profile of Operational Risk

7. Questions

Gail leads a team of consultants in London who specialise in recruiting Risk, Compliance, Financial Crime, Finance and Internal Audit professionals into the Banking & Financial Services sectors.

Client Sector FocusWorks with an impressive range of Banks and Financial Services firms on both contingency and retained search assignments.

Functional FocusGail is an experienced and specialist Risk recruiter and specialises in Senior Appointments.

BackgroundGail has a BA honors in Politics and has worked in recruitment for eighteen years, the last fifteen years with PSD.

Gail specialises in recruiting Risk & Governance candidates at VP, Director and C-suite level. A wealth of experience at hiring for Operational risk candidates in both 1st and 2nd line roles.

Gail Danvers – Director

Profile of an Operational Risk Practitioner continued

Academics•Graduate

•OR qualification

Experience •Relevant operational risk experience.

•RCSA, Scenario analysis, implemented the framework, set risk appetite.

•Experience of partnering with specific business areas eg. Technology and Operations or HR, Finance etc.

•Specific Banking sector experience eg Retail Banking, Commercial, Private or Investment Banking.

•Broader regulatory knowledge in Governance, Compliance and regulation

•Experience of dealing with the regulator

•Project Management

Profile of an Operational Risk Practitioner

Profile of an Operational Risk Practitioner continued

Communication •Strong inter personal skills able to challenge the business.

•Develops positive relationships with the business.

•Excellent written and verbal skills.

•Confident dealing with Senior Executives able to engage and influence senior stake holders

•Emotional Intelligence

Current Trends in Demand for Operational Risk Candidates

1) Operational Risk Manager – Traditional 2nd line of defence role. Responsible for specific business areas. Partner with the business and ensure the framework is successfully implemented.

2) Operational Risk – Cyber and Information Security Risk, Technology & Operations Experience.

3) Operational risk modelling – demand for candidates with modelling experience, stress testing, scenario analysis and ICAAP.

Operational Risk Analyst

£45,000 - £65,000 (two to five years experience)

Operational Risk Manager

£70,000 - £85,000 (five years + experience)

Operational Risk Senior Manager / VP

£85,000 to £100,000 (eight years + experience)

Operational Risk Director / Head Of

£120,000 +

Operational Risk Managing Director

£160,000+

Remuneration

• Operational risk is a growing discipline and consequently candidates with 5 + years

of experience are in high demand.

• There is less demand at Director level & above due to the pyramid structure of organisations.

• No clear path to Chief Risk Officer roles which require candidates with Credit or Market risk experience.

• MD of Operational Risk occasionally do move over into Operations or COO positions.

• Candidate with Compliance and Operational Risk experience

can secure C level roles such as Chief Compliance Officer.

Career Prospects to C Level

How Can We Raise the Profile of Operational Risk

• Graduate recruitment programmes covering operational Risk

• Internships to cover risk management

• More publicity around the OR qualification

• FCA and Bank Of England to raise awareness of the importance of operational risk

• Increase publicity on social media, conferences, and forums

Questions