This is a standalone SME role, and will require the successful candidate to carry out the following responsibilities:
Chair and manage the Risk Controls Oversight Committee; formulate and periodically review the organisation's risk management policies.
Implement global risk management policies and infrastructure for the entity.
Provide counsel to business unit managers on risk management issues and evaluate significant transactions and/or capital commitments prior to execution.
Advocate industry best practice. Establish and enhance company risk culture through training and public relations.
Proactively interact with, and share best practice with other risk professionals in the wider business.
Maintain and establish risk management procedures and standards, develop risk management analyses and reports, approval procedures and guidelines, including risk maps.
Produce and execute Risk Management's Risk Implementation Plan.
Conduct regular meetings with Business Unit leaders to discuss operational risk matters, update risk maps and ensure risk culture is embedded.
Produce and execute on:
Internal Capital Adequacy Assessment Process (ICAAP).
Pillar 3 disclosure
Recovery and Resolution Plans
MiFID RTS 6 Algorithmic validation review
Client trading credit reviews
Key Risk Indicators – both daily and monthly
Coordinate and lead on the review of
critical and material vendors
Proactively consider and input into:
Liquidity risk modelling and the Liquidity Risk Management Framework
P&L stress test modelling for the ICAAP
Drive Operational Risk Management Programmes, including risk framework, risk maps and error/incident management, remediation and root cause analysis/resolution.
Regulatory implementation (where appropriate).
Support new products and initiatives.
Co-operate and co-ordinate with Compliance on system and control issues.
Drive error management
The role will require the individual to be approved by the FCA, this will be dependent on:
Satisfactory regulatory reference from previous employer
Satisfactory background checks
Satisfactory self attestation as to fitness and propriety
Key Behavioral Competencies
Executes in line with responsibilities and seeks an outcome directive;
Creates opportunities for commercial impact, client relationships and cost reduction, while coaching others to do the same;
Displays clear leadership and grows talent;
Communicates with Impact;
Builds Client Relationships (Internal and external);
Influences the environment, cultural initiatives and enforces inclusivity
Significant track record in achieving aims relating to the stated responsibilities
A University degree or equivalent in Business Administration, Finance, Economics, Operations Management, Technology, or a related field is preferred.
Substantial relevant experience in consulting, strategic analysis, operations analysis & planning which should include significant exposure to financial institutions. FCA and Broker-Dealer experience is desirable.
Must have superior communications and interpersonal skills and a consultative approach to problem-solving.
Must be highly analytical, with keen business acumen and a self-starter with the ability to work independently.
Strong project management experience.
Proficiency in PC applications: PowerPoint, Word, Excel, MS-Project, Visio (or similar processing flow mapping application). Familiarity with Database applications is a plus.