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Senior Risk Manager - Top International Broker

London, United Kingdom, British Pound . GBP British Pound . GBP 90000.00-90000.00 Annual 00 Annual 00, Not specified

Description

My client, a top international broker based in central London are looking for a Senior Risk Manager to perform and lead the risk management function in the 2nd line of the business.

The ideal profile will have a solid background in Credit Risk, combined with the other verticles of risk aswell. Experience in retail banking or secured lending would be desirable, as would experience of scratch building / enhancing current frameworks. You will have experince of stress testing methodoligies, VaR, ICAAP and ILAAP management on behalf of the business.

Main Responsibilities:

  • Implement all aspects of the 2nd Line risk function, including processes, tools and systems to identify, assess, measure, manage, monitor and report risks
  • Development of, and manage processes to, identify and evaluate business areas\' risks and risk control self-assessments
  • Develop and mantain risk policies and procedures; the risk register; KRIs and the Risk Dashboard; the Risk Management Framework; Risk Appetite Statement and Risk Appetite Framework
  • Liaise with the CFO, the Finance Director and other Board members for the production of stress tests, the ICAAP and ILAAP
  • Chair the Credit Risk Committee
  • Understand and manage market and operational risks
  • Ongoing monitoring of the risk-taking activities and risk exposures to ensure they are in line with the Board-approved risk appetite, risk limits and corresponding capital or liquidity needs
  • Formulate and articulate a coherent risk appetite infrastructure, including operating and financial models
  • Develop, manage and refine qualitative and quantitative risk reporting (MI) which meets the needs of the Board, in order to support effective decision making
  • Monitor the sophistication of the organisation\'s risk management, compliance and internal control infrastructures to ensure it keeps pace with any changes to its risk profile (including its growth) and to the external risk landscape
  • Exercise independent judgement to promote the success of the company
  • Monitor the implementation of the security program\'s risk and control framework and global IT risk strategy
  • Identify emerging risks and act accordingly
  • Communicate any risk issues in an expeditious manner to all concerned, removing or minimising any reputational risk or risk of negative outcomes for clients
  • Ensure effective risk based controls and measures are implemented and regularly assessed to ensure that they are fit for purpose and conform to relevant regulatory requirements
  • Embed a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework
  • Influence and, when necessary, challenge material risk decisions
  • Represent Risk in key commercial, governance and regulatory meetings where appropriate, providing insight which helps drive commercial decisions and risk policy
  • Establish and maintain key relationships across the organisation
  • Under the Senior Manager Regime the Senior Risk Manager, will have responsibility for: (a) safeguarding the independence of; and (b) oversight of the performance of; the risk function in accordance with SYSC 7.1.21R and SYSC7.1.22R (Risk control)

Essential Requirements:

  • Minimum 5 years working within a risk function / banking industry / Professional Services
  • Minimum 2 years working as a risk manager of a small organisation or substantial section within larger organisation
  • Degree in Finance or related
  • Strong credit risk management experience

Compensation:

  • Generous base salary of £80,000 - £90,000 plus a cash quarterly bonus scheme, which could see you earning an extra 25-35% PA, plus the company benefit scheme

Job Details

542311442
Not Specified
London, United Kingdom
Not specified
British Pound . GBP British Pound . GBP 90000.00-90000.00 Annual 00 Annual, 00