Risk Manager

Location
London, United Kingdom
Salary
£70k - £80k
Posted
25 Nov 2022
Closes
03 Dec 2022
Ref
17782429
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Role

Manager within the second line risk function for all legal entities across the group. Responsible for the identification, remediation and ownership of operational risk, credit risk, market risks, reputational risks, information security, strategic and fraud risk.

Responsibilities

The successful candidate will be responsible for the following: -
  1. To support and help lead the embeddedness of the risk culture.
  • Support with the development and integration of the Risk Management Framework, Risk Appetite Statements and Risk Policies and Procedures across the various business activities / functions of the group.
  • Support the risk team with the bottom up risk mapping process (RCSA) across the various business activities / functions of the group as well as the top down risk mapping process.
  • Assist with developing the group's control environment, leading to an enhanced risk and control approach.

2. To advise, support and challenge the business / senior management in the identification and management of risks, to ensure it is line with the firm's strategy, risk appetite and business plans.
  • Support in the collation, on-going monitoring and interpretation of key indicators and their respective thresholds across the business activities of the group.
  • Work with the group risk team to assist in the identification of emerging risks and correlations.
  • Ownership of the policy matrix and responsibility for ensuring that policies are reviewed and / or updated within the pre-determined timeframes across the business.

3.To contribute to a strong governance structure and risk management in all legal entities and where appropriate, ensuring implementation of best practice across the group.
  • Assisting the group risk team with specific initiatives as appropriate e.g. implementation of risk management tools.

4.To support and assist in the development of group risk by working closely with the business to assess the impact of emerging risks / regulations and support the implementation of pragmatic and commercial solutions.
  • Assist with risk assessments relating to the impact of emerging risks / regulations.
  • Build a constructive and supportive working relationship with the compliance team and other second line functions across the firm.
  • Ownership of the group risk intranet / SharePoint pages including ensuring a full suite of up to date risks policies and procedures are available to the business / functions.

5. To provide support to the CRO and group risk team in order to achieve group risk's objectives.
  • Provide ad-hoc assistance to the group risk team in order to assist with development.
  • Develop to become the first point of contact for any questions relating to the group risk team and / or support.

6. Reporting and MI:
  • Establishes a comprehensive risks reporting system / process
  • Defines organisation key risk / performance indicators (KRIs / KPIs) for evaluating risk management performance, strategy, processes and controls.
  • Ensure reporting is continuously developed, accurate and produced to time, to the appropriate audience.

7. Embedding risk awareness within the organisation.
  • Integrates business continuity strategies and crisis management within an organisation's risk management strategies and plans.
  • Promotes the view that risk management is a universal responsibility and acts as a risk champion across an organisation.
  • Ensures that risk management is embedded throughout change programmes and outsource providers.

Relevant Skills and
Experience:

  • 5 years experience within an FCA regulated firm.
  • Deep experience and understanding of regulatory capital, including the ICAAP, ILAA and stress testing, working with the FCA teams

Demonstrable understanding of risk associated with:
  • Operational risk, including cyber and business continuity
  • Use of outsource services and third party providers
  • Financial management, particularly capital and liquidity management
  • Management and understanding of market and credit risk in a retail client base
  • Management, handling and protection of data, including potential cyber
  • Conduct risk
  • Reputation
  • Technology and infrastructure risks

Personal attributes:
  • Ability to provide independent challenge;
  • Ability to work under pressure and be adaptable
  • Ability to work within a matrix management structure and International environment
  • Attention to detail and strong organisational skills
  • Professional manner
  • Strong work ethic;
  • Good interpersonal and skills, able to interact with people at all levels both face to face, on the telephone and in writing;
  • Experience presenting to senior management, Board, Committees and producing high quality documentation;
  • Ability to work on multiple projects simultaneously and responding to immediate incidents;
  • A calm and methodical approach to troubleshooting issues in a pressured environment;
  • Service orientated/self-starter attitude - can-do attitude.

Competencies

Initiative - Pro-active and self-starting; takes opportunities and acts on them; originates action and actively influences events.

Information gathering- Seeks all possible relevant information for problem solving and decision making; consults widely, probes the facts, analyses issues from different perspectives.

Technical skill and competence - Demonstrates detailed knowledge and expertise in relation to the job; absorbs new job specific information and keeps up to date in specialist areas

Operational effectiveness - Drives daily tasks and projects along, gets results and ensures that all key objectives are met.

Build and maintain relationships - Establishes and maintains relationships with people at all levels.

Self-confidence - Independent and self-reliant, conveys confidence in own ability to select appropriate course of action. Raises any uncertainty with manager in advance of a problem developing. Remains calm under pressure.

Flexibility - Adaptable and receptive to new ideas. Willing and able to adjust to changing demands and circumstances.

Conduct

Demonstrate that in your role you will act with:
  • Integrity;
  • Due care, skill and diligence;
  • Be open and cooperative with the FCA, PRA and other regulators;
  • Pay due regard to the interests of customers and treat them fairly; and
  • Observe proper standards of market conduct.
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