Risk and Compliance Manager

1 day ago


Slough, Slough, United Kingdom THC Recruitment Full time

Job Title: Risk and Compliance Manager

THC Recruitment is seeking a highly skilled and experienced Risk and Compliance Manager to join our team.

Company Overview:

Our client is a specialist provider of vehicle finance, rental, and insurance products. They are looking for a Head of Risk who will work directly with the Group Head of Risk, Country Manager UK, Senior Management, and the Board in implementing and maintaining the risk management framework, fostering a culture of risk, while ensuring compliance with industry standards, regulations and internal policies and procedures.

Salary:

$160,000 - $220,000 per annum, depending on experience.

Job Description:

The Risk and Compliance Manager is responsible for managing the risk function and will work directly with the Group Head of Risk, Country Manager UK, Senior Management, and the Board in implementing and maintaining the risk management framework, fostering a culture of risk, while ensuring compliance with industry standards, regulations and internal policies and procedures.

  • Develop and implement risk management strategies, policies, and procedures, appropriate for the automotive retail financing and automotive leasing business, to identify, monitor and report the risks to which the company is or might be exposed.
  • Develop and implement risk management frameworks in conjunction with local regulatory requirements, Group requirements and best practice.
  • Monitor key risk indicators (KRIs) and performance metrics to proactively identify emerging risks, whilst escalating and reporting any deviations from established risk thresholds.
  • Carry out 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. Co-ordinate the completion of quarterly risk controls within the prescribed deadlines.
  • Test the adequacy and effectiveness of first level controls performed by the business, identify areas of improvements and propose corrective actions, where necessary.
  • Maintain an up-to-date business continuity plan (BCP) and co-ordinate BCP testing activity at least twice per year.
  • Promote a positive risk culture which will be supported through the delivery of risk training and awareness programs.
  • To assist with both internal and external fraud investigations where required.
  • Regular reporting and communicating on risk management topics to Senior Management and the Board.
  • Provide support to the business in all risk related matters including actively challenging the business.

Required Skills and Qualifications:

A Bachelor's degree in finance, risk management, business administration, or a related field is required. Certified Risk Manager (CRM), Financial Risk Manager (FRM), or other relevant professional certifications are desirable. A minimum 10 years' experience in risk management or in a control function within the automotive finance industry or related financial services sector is required.

Benefits:

The successful candidate will receive a competitive salary package, excellent benefits, and opportunities for career growth and development.



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