Operational Risk Analyst

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is a pioneering international financial institution established in 199

• Its mission is to foster the transition towards open market-oriented economies and promote private and entrepreneurial initiative in countries from Central Europe to Central Asia and the Southern and Eastern Mediterranean. The EBRD operates in over 30 countries and employs approximately 2,000 staff members. The organization is committed to promoting sustainable and inclusive economic growth, and its values of inclusiveness, innovation, trust, and responsibility guide its operations.

Job Overview:
The Operational Risk Analyst plays a crucial role in supporting the development, implementation, and ongoing enhancement of the Bank's Operational Risk Management Framework. This position involves training processes, procedures, reporting, and governance arrangements to identify, assess, monitor, and report operational risks across the Bank. The Analyst will contribute to day-to-day operational risk management activities, including the collection and analysis of risk, control, and incident data, and the preparation of reports for internal stakeholders. The role also includes providing independent insight into risks managed by the business, assisting in the review and challenge of risk assessments, control effectiveness, and associated action plans. Additionally, the Analyst will support the governance risk and compliance (GRC) support system, including data preparation, user testing, and user support.

Duties and Responsibilities:
The Operational Risk Analyst will work under the guidance and supervision of the Associate Director and/or Director, with varying levels of supervision depending on experience and relevant tasks. Key responsibilities include: contributing to the maintenance and ongoing operation of the Operational Risk Framework, including security" style="border-bottom: 1px dotted #007bff !important;">security" style="border-bottom: 1px dotted #007bff !important;">Information Security risk measures; liaising with teams across the Bank to support delivery against agreed plans; assisting the business with the identification, analysis, and documentation of processes and controls; supporting periodic reviews of business Risk and Control Self-Assessments (RCSAs); monitoring and analyzing operational risk issues and incidents; contributing to the delivery of Operational Risk reporting and dashboards; supporting the monitoring and analysis of external data sources; delivering operational risk training to Business Risk Champions and other key stakeholders; and supporting the implementation of the GRC system.

Required Qualifications:
Candidates must possess a degree in finance, business, economics, risk management, or a related discipline, or equivalent on-the-job training or practical experience. Foundational knowledge of operational risk management frameworks, processes, and tools is essential, along with an interest in developing broader non-financial risk expertise over time. Experience gained through early career roles, placements, or internships in financial services, development finance, or similarly regulated environments is required, with exposure to risk, control, audit, or compliance activities. A developing understanding of operational risk processes and the ability to analyze information from multiple sources with good attention to detail is necessary. Strong written and verbal communication skills, effective interpersonal skills, and the ability to work collaboratively are also required.

Educational Background:
A degree in finance, business, economics, risk management, or a related discipline is required. Candidates with equivalent on-the-job training or practical experience may also be considered. The educational background should provide a solid foundation in understanding financial systems, risk management principles, and analytical skills necessary for the role.

Experience:
The position requires early career experience, which can be gained through internships, placements, or entry-level roles in financial services or similarly regulated environments. Candidates should have exposure to risk management, control, audit, or compliance activities, demonstrating a developing understanding of operational risk processes and their importance in effective risk management and governance.

Languages:
Proficiency in English is mandatory, as the role requires strong written and verbal communication skills. Knowledge of additional languages may be considered an asset, particularly if they are relevant to the regions in which the EBRD operates, but they are not explicitly required for this position.

Additional Notes:
This is a short-term contract position with a duration of 12 months. The role is based in London, United Kingdom, and is full-time. The EBRD encourages applications from qualified candidates who are nationals of EBRD member countries, promoting diversity and inclusion in the workplace. The organization offers a hybrid work environment that prioritizes employee well-being and provides a comprehensive suite of competitive benefits.