The Bank for International Settlements (BIS) is hiring a 1 LOD Coordinator / Operational Risk Manager within the ITS – Strategy and Governance unit.
Application deadline: Wednesday 22 July at the end of day.
Type of employment: three-year fixed term contract.
This role is based in Basel, Switzerland. BIS welcomes applications from candidates worldwide and provides relocation support for the successful candidate and their dependent family members.
Purpose Of The Job The mission of the BIS is to support central banks in their pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
By joining the Strategy and Governance team within the ITS group, you will:
Shape and enhance the bank's operational risk framework.
Collaborate on innovative risk management solutions.
Drive compliance and best practices across technology.
Principal Accountabilities
Collaborate across Technology and with the 2LoD to identify key and emerging risks for critical technology activities, assess and re‑assess risk exposures and controls during periodic reviews, map business processes to critical activities, and contribute to the Risk Appetite Annual Review.
Perform and have overall responsibility for inherent, control, and residual risk assessments of identified risks through periodic RCA assessments, ensuring quality of each assessment.
Ensure control activities are effective and formulate responses to identified risks and issues, including establishing procedures for operations and controls, integrating control and reporting requirements from bank‑wide and 2LoD risk policies, ensuring controls for policy compliance, and proactively identifying and reporting on operational incidents, facilitating root cause analysis and remediation efforts.
Review and monitor control activities or quality assurance procedures on implemented standards and controls by collecting and monitoring control reports, KRIs, and operational incident data, working with management and the control functions to escalate breaches, and bringing risk tolerances back into line.
Perform and have overall responsibility for meaningful and tailored risk reporting at all hierarchies, enabling an accurate overview of the underlying operational risk profile and exposure.
Oversee and coordinate the closure of IT audit activities and CATs, act as a trusted advisor to instil best practice, and provide advice, guidance, and support to management in relation to operational risks and incidents.
Qualifications, Skills And Experience
Relevant degree from a university of international standing, with 7 years of working experience after university.
High degree of strategic thinking and ability to problem‑solve in ambiguous situations.
Extensive experience within risk management and the 1LoD model for enterprise risk management.
Strong analytical thinking skills to solve problems, evaluate options and determine pragmatic ways forward.
Experience implementing or coordinating 1LOD operational risk management at a commercial bank or financial market utility.
Experience facilitating risk management workshops, including material development.
Experience coordinating interdisciplinary working groups, ideally in an international environment.
Excellent drafting and communication skills in English, particularly for policy documentation.
Strong interpersonal skills and cultural sensitivity, with proven experience curating diverse perspectives.
Benefits BIS offers an agile and flexible working environment, hybrid work options including home office and working from abroad days, competitive compensation and benefits, and support for working families including childcare and education allowances where applicable. Relocation support extends to dependent family members, providing a unique international working environment that offers exposure to the global financial system.
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Application deadline: Wednesday 22 July at the end of day.
Type of employment: three-year fixed term contract.
This role is based in Basel, Switzerland. BIS welcomes applications from candidates worldwide and provides relocation support for the successful candidate and their dependent family members.
Purpose Of The Job The mission of the BIS is to support central banks in their pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
By joining the Strategy and Governance team within the ITS group, you will:
Shape and enhance the bank's operational risk framework.
Collaborate on innovative risk management solutions.
Drive compliance and best practices across technology.
Principal Accountabilities
Collaborate across Technology and with the 2LoD to identify key and emerging risks for critical technology activities, assess and re‑assess risk exposures and controls during periodic reviews, map business processes to critical activities, and contribute to the Risk Appetite Annual Review.
Perform and have overall responsibility for inherent, control, and residual risk assessments of identified risks through periodic RCA assessments, ensuring quality of each assessment.
Ensure control activities are effective and formulate responses to identified risks and issues, including establishing procedures for operations and controls, integrating control and reporting requirements from bank‑wide and 2LoD risk policies, ensuring controls for policy compliance, and proactively identifying and reporting on operational incidents, facilitating root cause analysis and remediation efforts.
Review and monitor control activities or quality assurance procedures on implemented standards and controls by collecting and monitoring control reports, KRIs, and operational incident data, working with management and the control functions to escalate breaches, and bringing risk tolerances back into line.
Perform and have overall responsibility for meaningful and tailored risk reporting at all hierarchies, enabling an accurate overview of the underlying operational risk profile and exposure.
Oversee and coordinate the closure of IT audit activities and CATs, act as a trusted advisor to instil best practice, and provide advice, guidance, and support to management in relation to operational risks and incidents.
Qualifications, Skills And Experience
Relevant degree from a university of international standing, with 7 years of working experience after university.
High degree of strategic thinking and ability to problem‑solve in ambiguous situations.
Extensive experience within risk management and the 1LoD model for enterprise risk management.
Strong analytical thinking skills to solve problems, evaluate options and determine pragmatic ways forward.
Experience implementing or coordinating 1LOD operational risk management at a commercial bank or financial market utility.
Experience facilitating risk management workshops, including material development.
Experience coordinating interdisciplinary working groups, ideally in an international environment.
Excellent drafting and communication skills in English, particularly for policy documentation.
Strong interpersonal skills and cultural sensitivity, with proven experience curating diverse perspectives.
Benefits BIS offers an agile and flexible working environment, hybrid work options including home office and working from abroad days, competitive compensation and benefits, and support for working families including childcare and education allowances where applicable. Relocation support extends to dependent family members, providing a unique international working environment that offers exposure to the global financial system.
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1 LOD Coordinator / Operational Risk Manager Arbeitgeber: Bank for International Settlements – BIS
Die Bank für Internationalen Zahlungsausgleich (BIS) ist ein hervorragender Arbeitgeber, der eine agile und flexible Arbeitsumgebung in Basel, Schweiz, bietet. Mit einem starken Fokus auf internationale Zusammenarbeit und Unterstützung für zentrale Banken, fördert die BIS nicht nur die berufliche Weiterentwicklung ihrer Mitarbeiter durch innovative Risikomanagementlösungen, sondern bietet auch umfassende Leistungen wie Umzugshilfen und Unterstützung für arbeitende Familien. Die Möglichkeit, in einem internationalen Umfeld zu arbeiten und dabei einen bedeutenden Beitrag zur finanziellen Stabilität zu leisten, macht die BIS zu einem attraktiven Arbeitsplatz für engagierte Fachkräfte.
Kontaktdaten:
Bank for International Settlements – BIS Recruiting-Team
