£140000 - £150000.00 per annum
about 2 months ago
Head of Risk Management (SMF4)
West End, postcode
Salary - £140-150k
Prestigious International Bank are looking to hire a Head of Risk Management (SMF4) to join their London office.
The Head of Risk role reports into the CEO - UK as well as having a functional line to the Group CRO in Head Office. The Head of Risk is expected to embed and drive the Risk culture for the London Branch with support from the CEO - UK where necessary.
The Group Chief Risk Officer (GCRO) shall advice on changes which may be relevant to the London Branch Risk department.
The Head of Risk is responsible for evaluating changes put forward by GCRO and ensuring that such amendments are relevant and appropriate for the UK and also for the London Branch.
The job holder should also put forward his or her own risk management strategies including the London Branch risk appetite to GCRO for review, consideration and sign-off. There is one role which reports to the Head of Risk and that is the Head of Operational Risk.
As the Head of Risk Management responsibilities will include;
Developing, managing and refining qualitative and quantitative risk reporting in all risk areas which meets the needs of the London Branch Exco in order to support effective decision making in line with the London Branch risk appetite Working closely with the CEO - UK and Senior Managers across the business moulding a high achieving, well-controlled organisation which can achieve targets safely Continuously overseeing, developing, enhancing and embedding the Branch's risk framework for managing risks across the Branch, ensuring that processes are fit for purpose Together with the London Branch Exco and GCRO, setting the London Branch risk appetite (including but not limited to operational risk, market risk, liquidity risk and conduct risk) and implementing key risk indicators in order to monitor their performance in relation to the same Embedding a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework and in line with the Branch's risk appetite Partnering effectively with third parties, regulatory bodies and others as appropriate and serving as a role model for high personal and corporate ethical values and standards of integrity in line with the Bank's core values Providing essential input as a member of senior management and the executive committee and credibly challenging the management of current issues and the development and implementation of strategy Managing and participating in key decision making processes such as strategic planning, new products and services, compensation design with a particular focus on ensuring conduct risk is considered, identified and mitigated Regularly and on an ad hoc basis, evaluate the risks faced by the branch and its overall risk profile with a particular focus on process controls Ongoing evaluation of existing risks as well as the identification of new or emerging risks. Measurement should include both quantitative and qualitative elements Collaborating with the relevant stakeholders (both internal and external) e.g. Group Risk, Internal Audit, Regulator to identify and implement best practices across the London Branch Manage the London Branch Risk framework and monitor developments in real time to provide the right level of attention and action to Bank issues Assesses and communicates information regarding business risks with functions across the organisation.
To be considered for the Head of Risk Management position, ideal candidates must have the following experience & skills;
Minimum of 10 years' experience of working within Risk Management in the Financial Services sector with a focus on a holistic risk management process for the Branch including but not limited to operational risk, market risk, liquidity risk, credit risk and conduct risk Strong technical knowledge as well an ability to translate this into practical solutions for the Bank A strong ability to influence senior management both in London Branch and at Head Office Leadership skills including the ability to manage risk and control activities in a financial operation and including an extensive understanding of Operational, Market, Liquidity, Credit and Conduct risk Excellent communication (both verbal and written) and Presentation skills in particular targeting the relevant business area with a clear message Excellent command of written and spoken English. Exceptional time management skills with the ability to thrive whilst working under pressure from a variety of different business units Considerable knowledge and experience of best practice risk management and governance frameworks, methodologies and emerging practice in relation to the UK financial services The ability to liaise closely with senior management by conveying and explaining operational or business information fluently and coherently in one-to-one and group situations Exercise oversight over governance, risk and control arrangements in a financial operation.