Operational Risk Manager

Operational Risk Manager – £65,000 + Benefits
Location: North West (3-4 days per month in the office)
Sector: Financial Services
Employment Type: Full-Time, Permanent

Are you an experienced operational risk professional ready to take the next step in your career? We’re looking for a dynamic Operational Risk Manager to join a growing risk function within a leading financial services organisation.

With a key focus on procurement due diligence, outsourcing, and third-party risk, this is an exciting opportunity to make a tangible impact on our business resilience and supplier governance.

Key Responsibilities:

• Lead the operational risk oversight of procurement processes, ensuring robust supplier due diligence and risk assessments are embedded in decision-making.
• Manage and continuously improve the Third-Party Risk Management (TPRM) framework, ensuring effective identification, assessment, monitoring and mitigation of third-party and outsourcing risks.
• Work closely with Procurement, Legal, Compliance, and Business Units to ensure compliance with regulatory expectations (e.g. FCA, PRA) related to outsourcing and operational resilience.
• Conduct thematic risk reviews and support ongoing risk assessments, scenario analysis, and incident management.
• Provide subject matter expertise to business stakeholders on emerging risks and best practices in third-party governance.
• Line manage, coach, and develop a Risk Analyst, ensuring effective delivery of operational risk reporting and analysis.
• Support the wider Risk team in delivering the annual risk plan and maturing the enterprise risk management framework.

About You:

• Proven experience in operational risk management within financial services.
• Strong knowledge of procurement, outsourcing, and third-party risk, including due diligence and regulatory compliance.
• Understanding of relevant regulatory requirements (e.g. FCA SYSC, PRA SS2/21, EBA guidelines on outsourcing).
• Ability to influence stakeholders and drive change in a collaborative way.
• Strong analytical, report-writing, and communication skills.
• Experience in line management or mentoring is highly desirable.

On Offer:

• Up to £65,000 annual salary + benefits package.
• A collaborative and values-driven culture.
• Opportunities for personal development and career progression.
• Flexible working options.