MD - Head Financial Institutions Risk, Europe & Americas

We are currently hiring for the opportunity of Head, Financial Institutions Risk, Europe & Americas. This is a Managing Director level position.

In this role you will be responsible for the second line of defence responsibilities related to Credit Risk for the Financial Institutions 'FI' portfolio, which involves oversight and challenge of risk management actions from the First Line, including the following:

• Support development and maintenance of the CIB Credit Risk Type Framework ("CRTF") which sets out the overall risk management approach for Credit Risk as applicable to Financial Institutions portfolio
• Support review of adequacy and effectiveness of the CIB Credit Risk Appetite statements and metrics, as applicable to Financial Institutions
• Monitor compliance to Board approved Credit Risk Appetite (as applicable to Financial Institutions) using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
• For Credit risk (pertaining to Financial Institutions portfolio), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsible for ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.

You will also be responsible for final credit decisions for wholesale lending facilities pertaining to the Financial Institutions portfolio, though relevant Business CEOs will be responsible for the completeness and accuracy of business credit applications and the capture of critical information required for credit risk measurement and credit analysis.

Strategy

• Plan development of risk parameters for Financial Institutions according to Risk Appetite and Policy Frameworks and documents in underwriting principles
• Inform the development of business plans for Corporate Investment Banking 'CIB' FI Europe & Americas portfolio with the provision of cost and impairment forecasts and a balanced judgement on the external environment
• Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline

Business

• Communicate the strategic intent and collective agenda for the Function in FIR teams
• Align strategy of the FIR function with business strategy and risk appetite and supervise the Function in overseeing its execution in their respective regions
• Maintain and develop the FI Risk function's risk capabilities, and skills to meet ongoing business needs and plans
• Identify measure and monitor material risk affecting CIB FI Europe & Americas portfolios in the context of the external market environment.

Processes

• Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.
• Ensure credit approvals are within delegated authorities.
• Supervise all processes where a member of the Risk function is the identified first line process owner.
• Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the risk management processes.

People & Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Define an organization structure aligned and scaled to the risk control needs of the business.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short-term revenues and profits

Risk Management

• Assess the credit risk profile of the CIB FI Europe & Americas portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
• Initiate stress tests as required by internal and external factors and review results and assess their implications
• Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
• Uphold the integrity of risk / return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite
• Direct appropriate response to material events or other risk issues that come to SCO, FIR's attention
• Exercise risk control responsibility for Credit Risk for CIB FI Europe & Americas portfolio
• Ensure risk capabilities are objective, consistent and compliant with appropriate regulations
• Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate
  • Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the job holder, taking account of concentration risk across sectors, geographies and markets. Delegate risk authorities (applicable to CIB FI Europe & Americas only) to suitable named individuals in line with their skills and judgement
  • Design, maintain and effectively communicate risk control parameters of the CIB FI Europe & Americas portfolio, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with the Group's risk appetite
  • Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure there are well understood internally and reflected in internal procedures
  • Obtain assurance regarding the effectiveness of business controls and compliance with applicable laws and regulations
  • Actively participate in key committees through standing membership
  • Ensure first line process owners understand and accept their risk management responsibilities
  • Maintain an open and co-operative relationship in dealings with regulators

Governance

• Ensure business heads accept their risk management responsibilities.
• Ensure that credit issues pertaining to the FI Europe & Americas portfolio are escalated to the appropriate Risk Committee

Qualifications

• Significant Credit Risk experience and knowledge
• Market knowledge: substantial experience at the highest level in the banking industry, including demonstrated success in a similar role.
• Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.
• Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
• Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of Senior Credit Officer, Financial Institutions Risk
• Non technical skills: significant relationship management experience- with external stakeholder at the most senior levels, including regulators and rating agencies.
• Languages; English.

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thingand are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle,continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter,we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance,with flexible and voluntary benefits available in some locations.
• Time-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills,global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation,one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.