Risk Management Director
1 month ago
Our client is a leading provider of vehicle finance, rental, and insurance products, seeking a seasoned professional to lead their risk management function.
Job Overview:The successful candidate will be responsible for managing the risk function, working closely with senior management and the board to implement and maintain a robust risk management framework. This will involve fostering a culture of risk awareness, ensuring compliance with industry standards and regulations, and identifying and mitigating potential risks.
Key Responsibilities:- Develop and implement risk management strategies, policies, and procedures to identify, monitor, and report risks to the company.
- Collaborate with stakeholders to develop and maintain risk management frameworks, ensuring alignment with local regulatory requirements, group requirements, and best practices.
- Monitor key risk indicators and performance metrics to proactively identify emerging risks, escalating and reporting any deviations from established risk thresholds.
- Lead comprehensive risk assessments, identifying potential threats and vulnerabilities across various aspects of the business, including credit risk, market risk, operational risk, and financial risk.
- Implement and manage an annual risk-based risk monitoring program, coordinating quarterly risk controls and formulating action plans with departments for identified deficiencies.
- Test the adequacy and effectiveness of first-level controls, identifying areas for improvement and proposing corrective actions.
- Maintain an up-to-date business continuity plan and coordinate BCP testing activities.
- Promote a positive risk culture through risk training and awareness programs.
- Support internal and external fraud investigations as required.
- Provide regular reporting and communication on risk management topics to senior management and the board.
- Offer support to the business in all risk-related matters, actively challenging the business where necessary.
- Bachelor's degree in finance, risk management, business administration, or a related field.
- Certified Risk Manager (CRM), Financial Risk Manager (FRM), or other relevant professional certifications are desirable.
- A minimum 10 years' experience in risk management or a control function within the automotive finance industry or related financial services sector.
- Excellent analytical skills, with the ability to interpret complex data and draw actionable insights.
- Commitment to integrity, ethical conduct, and regulatory compliance.
Salary: £75,000 plus excellent bonus and benefits.
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