Operational Risk 2nd LOD Risk Appetite Lead Analyst, Vice President

Single PositionExplore a Career With UsView All JobsOperational Risk 2nd LOD Risk Appetite Lead Analyst, Vice PresidentBUDAPEST, Hungary No longer accepting applications.Job ID26938441Date posted02/09/2026DepartmentRisk ManagementTeam/Role OverviewThe Operational Risk Management (ORM) - Enterprise Resilience & Chief Operating Office (ORM-ER & COO) Oversight team is a Second Line of Defense function. It provides independent risk leadership and oversight for First Line of Defense functions, including Enterprise Resilience, Procurement & Third-Party Management, Chief Operating Office (COO), and Enterprise Services & Public Affairs (ESPA).The team’s mission is to serve as a credible second line of defense to assure safety and soundness in the Bank, specific to Business Disruption & Safety Risk, Third-Party Risk, as well as ensure the effective execution of operational risk. As a key member of the Central Functions & Framework (CFF) team within this organization, this role helps build and manage the company's operational risk framework. Responsibilities include maintaining the official Risk Taxonomy (the way we classify risks), and defining the company's Risk Appetite (how much risk we accept) and how it's measured.This 9-12 month Fixed Term Contract (FTC) position will also oversee Limit and Threshold Management for risk metrics and lead efforts in proactive risk identification. By creating strong governance and tools, this role is vital for protecting the company's stability and reputation, ensuring our business remains resilient and successful.What you'll doSupport the design and implementation of enterprise operational risk management procedures and methodologies, including the maintenance and enhancement of the operational Risk Taxonomy for consistent classification.Define, monitor, and report on the firm's operational Risk Appetite & Measurements, ensuring that risk-taking activities are aligned with established thresholds.Develop and manage risk metrics for the long-term monitoring program (Limit and Threshold Management), providing insights into risk trends and control effectiveness.Lead and facilitate Risk Identification processes, including workshops and scenario analysis, to proactively uncover and assess potential operational risks across the business.Collaborate with the business to understand its risk profile, assess operational risk exposure, integrate risk mitigation controls, and monitor adherence.Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the 1st line of defense.Provide regular reporting to senior management and stakeholders on the status of operational risks.Analyze data to identify trends or emerging risks and provide timely recommendations to mitigate risk exposure.Lead initiatives to improve operational risk management practices and enhance organizational resilience.Ensure operational risk management activities comply with internal policies, external regulations, and industry standards.Stay abreast of industry best practices and regulatory changes to assess its impact on operational risk management, and advise the business accordingly.Support the execution of remediation with timely and effective outcomes against regulatory expectations.Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda.Focuses on highest-priority work aligned to...