Job Details

Chief Risk Officer

Petersfield, Hampshire, United Kingdom, Permanent

Posted: 1 day ago


As Chief Risk Officer you will report day to day to Moneybarn's Managing Director however as part of the wider risk and compliance community this role also reports into the Provident Financial Group CRO.

The Chief Risk Officer is the executive responsible for risk and compliance at Moneybarn and as such holds the appropriate SMF responsibilities. The role fulfils these responsibilities via in-house and group (PFG) teams and works as part of the wider group risk community.

The role is a member of all Moneybarn governance committees, and in addition attends the Moneybarn Board, the Group Executive Risk Committee and the Group Risk Committee.

What you will do in this role:

* Responsible for the development and operation of Moneybarn's risk management framework, identifying risks, defining Moneybarn's appetite and seeking risk mitigations.

* Responsible for maintaining Moneybarn's regulatory approved status.

* Responsible for maintaining Moneybarn's continued compliance with all applicable Laws, Rules and Codes

* Responsible for identifying and addressing any changes to policy or process required as a result of changes to Laws, Rules or Codes to which Moneybarn is subject.

* Responsible for managing the relationship with key third party data providers

* Responsible for ensuring Moneybarn's governance structure is suitable in design and operation for the requirements of the Financial Conduct Authority and PFG

* Accountable for reporting Moneybarn' s risk management performance to the PFG Risk Advisory Group

* Accountable for the timely and effective delivery of Moneybarn's Compliance Monitoring Plan once agreed with the Risk Committee

* Ensure robust, clear and decisive advice and analysis is provided to the business in relation to compliance with regulatory obligations

* Key interface with the FCA and responsible for managing day-to-day interactions with both FCA Supervisory and Authorisations teams

* Accountable for ensuring the Risk function has the right level of talent and capability to deliver strategy

* Accountable for ensuring live development and succession plans are in place for the Risk function

* Ensure the skills and experience within the risk teams are appropriate to provide effective risk management within Moneybarn both for the present and in the future

* Define the Risk strategy in line with legal requirements

* Define and maintain a governance framework that meets PF and regulatory requirements

* Accountable for the compliance of Moneybarn policy and relevant regulations and ensuring policies remain fit for purpose.

* Liaise with regulators, industry and trade bodies to understand their perspective on risk and control matters to maintain effective, efficient, appropriate, good practice risk management strategies

* Ensure that the risk / governance culture and the importance of robust and appropriate internal control processes remain high on the agenda of senior and line managers

* Ensure that effective, appropriately risk based policies, procedures and methodologies are developed and put in place to support the risk and governance strategy, framework and approach across Moneybarn

* Continuously refresh the risk vision, strategy and approach to ensure Moneybarn's risk appetite is appropriate in the context of changing business models and regulatory context, ensuring that it is understood and embedded and there is effective working together of the businesses '2nd Line of Defense' risk management capability.

* Oversee risk policies and standards; risk assurance standards as well as oversee risk technology requirements and maintain risk systems.

* Adhere to the FCA Senior Manager Conduct rules

Job Details

Petersfield, Hampshire, United Kingdom