Operational Risk Manager (all genders)

A global asset manager providing investment solutions for institutions, intermediaries, and individuals, offering active strategies across equities, fixed income, multi‑asset, and alternatives, supported by deep proprietary research and a long‑term, sustainability‑focused investment approach. The role focuses on the oversight and challenge of operational and technology‑related risks within a regulated banking environment.

Position

Operational Risk Manager (all genders)

Location

Frankfurt (hybrid)

Estimated Salary

100.000€-120.000€* + 25% bonus on top

Key Responsibilities

• Full accountability for the operational risk framework lifecycle, including independent second line review and challenge across all operational risk categories
• Independent aggregation and challenge of ICT‑related operational risks in coordination with Information Security and Business Continuity functions
• Assessment of technology‑driven operational impacts, including system outages, failed IT changes, process failures, data availability issues, and outsourcing‑related disruptions
• Ensuring ICT‑related risks are consistently reflected in RCSA, operational risk reporting, and issue and remediation management
• Oversight of operational loss events and issues, including ICT‑related incidents, covering classification, escalation, root‑cause analysis, and remediation
• Planning, execution, and continuous improvement of the annual Risk Control Self‑Assessment (RCSA) process in close collaboration with business units
• Coordination and execution of scenario analyses to support regulatory capital and economic capital requirements
• Preparation of management reporting and participation in governance committees, projects, and
• Data quality assurance and independent review and challenge of operational risk and ICT‑related risk data
• Ensuring compliance with applicable regulatory frameworks, including MaRisk, CRR/KWG, Basel operational risk principles, and DORA from an operational risk integration perspective
• Promotion of risk awareness and support of training initiatives to strengthen risk culture across the organization

Profile Requirements

• The legal right to work and live in Germany, without visa sponsorship
• Excellent communication skills in English (B1+) and German (C1+)
• Several years experience in operational risk or business continuity
• Profound knowledge of regulatory frameworks including MaRisk, CRR, KWG, and DORA/BAIT from an
• Hands‑on experience with RCSA processes, scenario analysis, and capital calculations
• Expert with regulatory frameworks such as MaRisk, BAIT, and DORA
• Strong organizational and communication skills
• Experience in supporting and training business units
• High attention to detail and accuracy in control activities
• Strong understanding of operational processes and IT‑related dependencies

If you are interested in discussing this role in a more detail - please apply with your current CV in PDF format, or reach out to lyss.moss at selbyjennings.com. Your application will be treated confidentially.

Please be advised that a valid work permit for Germany is required for non‑EU citizens. Unfortunately, applications without a valid work permit and sufficient German language skills may not be considered.