Risk Management Expert
1 month ago
Our client, a specialist provider of vehicle finance, rental, and insurance products, is seeking a seasoned Head of Risk to join their team.
Job Overview:
The successful candidate will be responsible for managing the Risk Function, working closely with the Group Head of Risk, Country Manager UK, Senior Management, and the Board to implement and maintain the risk management framework. This will involve fostering a culture of risk, ensuring compliance with industry standards, regulations, and internal policies and procedures.
Key Responsibilities:
- Develop and implement risk management strategies, policies, and procedures to identify, monitor, and report risks to the company.
- Develop and maintain 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 and escalate any deviations from established risk thresholds.
- Proactively maintain the Company risk registers by carrying out comprehensive risk assessments, identifying potential threats and vulnerabilities across various aspects of the business.
- Implement and manage an annual risk-based risk monitoring program, coordinating the completion of quarterly risk controls within prescribed deadlines.
- Test the adequacy and effectiveness of first-level controls performed by the business, identify areas of improvement, and propose corrective actions where necessary.
- Maintain an up-to-date business continuity plan (BCP) and coordinate BCP testing activity at least twice per year.
- Promote a positive risk culture through the delivery of risk training and awareness programs.
- Assist with internal and external fraud investigations as required.
- Regularly report and communicate on risk management topics to Senior Management and the Board.
- Provide support to the business in all risk-related matters, actively challenging the business where necessary.
Requirements:
- 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 in 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.
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