An exciting opportunity has arisen within a small European Bank in a multitask role. The position will be split 50% as the Local Operational Risk Manager and 50% providing cover/support to the Transaction Management team across both Credit & Loans administration. As the local Operational Risk Manager, you will be managing operational risk within the 1st LoD. The role sits within the Transaction Management team, whose responsibilities include managing/tracking/servicing of loan agreements (Loans Administration) as well as processing/management/monitoring of the loan portfolio post-sanctioning (Credit Administration). Your duties will cover: * Risk & control self-assessments – working with business teams to map out processes, identify risks and assess existing controls in Operational Risk Management Framework * Reviewing/challenging business procedures, products and any systems changes, to ensure they align with the Bank’s risk appetite and group policies * Investigating and tracking Operational loss events * Being the primary contact point to liaise with Head Office and reporting to Senior Management on Operational Risk * Extensive liaison between RM’s and clients ensuring accurate processing of loan, security and facility-related activities and any issue resolution * Co-ordinating and overseeing credit administration activities including documentation review, facility booking, data maintenance etc * Monitoring and reporting on key portfolio obligations/risk indicators including covenant compliance, real estate valuations, distressed notifications etc * Preparing and reviewing regulatory, management, and operational reporting * Maintaining/enhancing operational controls and procedures providing specialist support for guarantees, debt-for-equity transactions and MiFID requirements Your experience must include: * At least 3 years relevant Operational Risk management experience gained within banking is essential * Good operational knowledge/experience of loans & credit administration * Working knowledge of Guarantees would be advantageous * Strong IT skills * Excellent communication skills both written and oral * Team player with a flexible approach to expand knowledge/experience to assume extra responsibilities This role will initially be working 5 days a week for 6 months in the London office and will then convert to hybrid working