Head of Financial Risk
4 days ago
Our client is seeking a Head of Financial Risk and Reporting to take management responsibility of the Financial Risk team in line with the requirements detailed in the Enterprise Risk Management Framework.
Key requirements are as follows:
- Oversight of all financial risk positions, in accordance with the risk appetite statement
- Maintain and update the Bank’s Risk policies and the Department’s Risk procedures, including ownership and annual renewal of:
- Risk appetite statement
- Recovery plan
- Wind-down plan
- Model risk management (inclEUC) policy
- Lending policy
- Independent oversight of portfolio credit risk
- Monitor and report on credit concentration risk
- Regulatory reporting oversight - second line review and approval
- Oversight and some preparation of regulatory reports
- Attendance at monthly ALCO
- Operational resilience oversight - including annual renewal of operational resilience and third party risk management policies
- Oversight of the outsourcing register
- BRC agenda review - liaison with company secretary
- Supporting governance oversight - annual renewal of governance policy
- Liaison as required with the PRA
- Regulatory horizon scanning - with Head of Compliance
- Oversight of risk models operating in accordance with policy and use test - including annual review of model inventory
- Monitor and report on all Large Exposure positions - including daily monitoring
- Recommend and monitor exposure for Treasury counterparties used for the deposit of excess liquidity
- Review and challenge the ICAAP and ILAAP
- Review of risk management statement in annual report and accounts
- Development, collation, preparation, and presentation of Management Information for Excomm, RACC, BRC and Board
- Preparation of presentations to Board and senior management on risk topics as required
- Ad hoc support to the Chief Risk Officer
Knowledge & skills:
- Entrepreneurial attitude, you think on a macro scale while managing micro-processes
- Highly literate and numerate able convey messages in a succinct way
- Bring a pragmatic approach
- Understanding of Risk Frameworks / Governance and Risk Policy
- Experience of ALM and Treasury Risks
- Understanding of Basel, IRB, and IFRS9
- Experience of Risk Analytics and Modelling
- Be able to liaise with Executives, Board members and senior management
- Strong eye for detail and high personal standards. Set and maintain high operational standards to satisfy management expectations
- Ability to manage staff, to bring out their best and develop them to the next stage in their career
This Head of Financial Risk & Reporting position would suit someone with recent experience working within either a retail bank, building society or consumer lender.
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