VP Operational Risk

Organisation
Butterfield
Reference
VAC-60563
Contract Type
Full-Time
Industries
Banking & Financial Services
Location
Hamilton
Salary & Benefits
Date Posted
04/02/2026
Expiry Date
25/02/2026
This position is responsible for designing and coordinating risk identification, scoring, risk appetite, and reporting processes across the relevant programmes within the Enterprise Risk Management (ERM) framework.

 

Your responsibilities will include:

  • Maintaining the ERM framework, including risk policies, metrics, reporting, and monitoring at both Group and jurisdictional levels, in accordance with the Statement of Risk Appetite and the Group’s strategic goals and objectives.
  • Leading the development and evolution of a Risk and Control self-assessment framework programme within the ERM framework and the compliance monitoring programme.
  • Leading the Group’s regulatory relations programme, developing clear and concise internal and external regulatory risk communications, executing an effective regulatory submissions regime, and managing regulatory exams
  • Aligning risk management policies, processes, and initiatives with the Group's business strategy and corporate culture, and ensuring they meet legislative requirements and market norms.
  • Formulating risk management policies in collaboration with senior management.
  • Leading operational risk programmes, including business continuity, while ensuring teams maintain the knowledge and required skills.
  • Identifying, measuring, monitoring, and reporting the level of, and mitigation efforts for, the firm’s operational risks.
  • Maintaining an operational control process across the Group to manage and mitigate operational risk.
  • Ensuring that operational losses are tracked and managed across the Group and that consistency is maintained in root cause analysis, reporting, and presentation.
  • Leading the Group’s data privacy programme and activities in relation to data protection regulations and applicable requirements.
  • Staying up-to-date with internal standards and business goals.
  • Informing, educating, and training employees on matters associated with leading industry practices.
  • Fostering a culture of excellence within the teams, identifying goals, and setting performance standards.
  • Driving continuous improvement in the quality and quantity of team work output.

 

Your qualifications and skills include:

  • An undergraduate degree, equivalent qualification, or at least five years’ relevant experience.
  • University degree in Business Administration, Commerce, Accounting or equivalent.
  • Minimum of 15 years’ proven progressive banking experience, of which ten must be at a senior level in Compliance, Audit or Risk Management.
  • Proven experience in risk management techniques, including RCSA programs.
  • Risk management experience in banking institutions.
  • The ability to work effectively in a team environment with a range of stakeholders.
  • Project and team management skills.
  • Good verbal and written communication skills.
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