Enterprise Risk Governance Specialist

6 days ago


London, Greater London, United Kingdom Clifford Chance Full time

About the Role

The Head of Enterprise Risk Management plays a critical role in developing, implementing, and overseeing the enterprise-wide risk management program for Clifford Chance. This position is responsible for working closely with the Chief Risk and Compliance Officer (CR&CO) in identifying, assessing, and mitigating risks that may impact the organization's financial stability, reputation, operational, and strategic objectives.

Key Responsibilities

  • Implement a robust, structured, and explicit risk management practices anchored around a central established ERM framework across the firm at a global, regional, and function level.
  • Embed existing, new, and/or updated ERM principles and capabilities across the company with the aim to build up a culture of risk and embed risk management awareness and consistent practices.
  • Carry out the annual review of the ERM Framework ensuring it is kept up to date.
  • Advise the CR&CO on changes and enhancements to be made to the Framework to ensure it remains market-leading and aligned to the firm's overall strategy and objectives.

Risk Assessment and Identification:

  • Develop and maintain a comprehensive understanding of potential risks, both internal and external, that could impact the firm.
  • Develop, implement, and evolve the Enterprise Risk Management Framework including effective governance, independence, culture, risk identification, and control.
  • Design, implement, and ongoing evolution of the firm's Enterprise Risk Management, Risk Appetite, and Operational Risk Management Frameworks.
  • Identify, assess, and monitor enterprise risks, including strategic, operational, financial, and reputational risks.
  • Regularly assess and analyze emerging risks and evaluate their potential impact on the firm and its operations.
  • Support the CR&CO in leading risk assessment and scenario analysis exercises to identify potential risks and their impact.

Risk Mitigation and Control:

  • Develop and implement risk management strategies and policies to mitigate identified risks.
  • Collaborate with regional and function heads and risk owners to ensure that risk mitigation plans are effectively executed.
  • Review and provide independent challenge on operational risks and associated risk mitigation action plans.

Risk Reporting and Communication:

  • Prepare regular risk reports for the CR&CO, the firm's Executive Leadership Group, Audit and Risk Committee, and Executive Risk Committee highlighting key risk indicators, ongoing risk management efforts, and recommendations for improvement.
  • Work with Heads of functions, Regional Management, and the firm's leadership team to capture the risks in their area and put in place processes to track and report on risk mitigation.
  • Provide analysis and expertise on risk issues by presenting data and information in a meaningful format to be actioned and to support decision making.
  • Prepare, review, and ensure all reports are delivered in a timely fashion and in accordance with the firm's guidelines.

Qualifications and Experience

  • Extensive expertise and knowledge of direct risk management and leadership experience in Enterprise Risk Management and Operational Risk Management areas.
  • Thorough understanding of risk assessment best practices, concepts, practices, and tools.
  • Exceptional analytical, problem-solving, and presentation/report writing skills, combined with a good understanding of business dynamics and commercial value drivers.
  • Exceptional project delivery approaches to effectively lead risk management initiatives.
  • Exceptional interpersonal and presentation skills; ability to work collaboratively and communicate effectively with diverse stakeholders.
  • Intellectual mobility and inquisitiveness; comfortable developing answers/solutions when requirements remain unclear or change.
  • Experience in effectively championing risk governance across multiple stakeholders and competing priorities.
  • Previous experience managing a risk program or framework and liaising with regulators.
  • Strong knowledge with Governance, Risk, and Compliance and other Controls frameworks.
  • Deep understanding of the technical discipline of implementing an ERM Framework and a good understanding of the legal industry and the unique risks that it faces.
  • Familiarity with insurance and contract management is advantageous.

Leadership and Management

  • Exceptional capability for managing and leading people with the ability to lead, manage, and motivate teams.
  • Ability to work effectively and lead teams in a fast-paced, dynamic environment and adapt to change.
  • Coach, mentor, and train staff, as well as other team members.

Qualifications and Knowledge

  • Bachelor's degree (BSc/MSc, MBA, or equivalent) with specialization in business, risk management, or finance.
  • Relevant certification in Risk Management or related field (CFA, FRM) is preferred.


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