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Chief Risk Officer (Interim)

  • Location

    Manchester

  • Discipline:

    Compliance

  • Job type:

    Contract

  • Salary:

    c. £1,100.00 per day

  • Consultant:

    Paul Sherlock

  • Email:

    psherlock@merje.com

  • Job ref:

    PS/15935

  • Published:

    21 days ago

My client is a well-known and highly respected Financial Services organisation that offer a range of financial products to their customers. A senior level opportunity has arisen to join the firm on an interim basis in the role of Chief Risk Officer for 6 months. Reporting into the CEO, the Chief Risk Officer will be responsible for the oversight of Risk management across the Group in order to support the Group's objectives through active participation with the Executive and Board.

Key responsibilities include:

  • Maintaining the Risk Framework and monitoring its operation, including:
    o Leadership and direction to the wider Risk Division, ensuring the Group operates a strong and continuously developing risk and control framework
    o Supporting the definition of Policy and Appetite across Strategic, Operational, Compliance, Financial, Credit and Conduct Risk and gaining Board buy in
    o Oversight of Credit Risk to assess the risk of new lending and the portfolio
    o Consistency and compliance with Group Policies
    o Oversight of the appropriate risk culture across the Group to protect our customers, colleagues and shareholders
  • Accountable for providing the Board with oversight of firm wide Risk Management:
    o 2nd Line oversight and assurance of the Group’s core systems and controls in respect of risk management, to determine that risks are managed effectively
    o Provide support and education to the 1st Line of defence to identify, assess and control risks
    o Challenge and improve the adequacy of risk information and risk reporting to the Board
    o Provide oversight and validation of the Group’s external reporting of risk
    o Determine the effectiveness of Risk Governance and Risk  training requirements of the Executive and Board
  • Accountable for reporting to the Board on their respective risk exposures relative to risk appetite and limits, including:
    o Maintaining and updating the ERMF
    o Monitoring and reporting current and emerging critical and material risks
    o Monitoring and reporting on risk taking activities and risk exposures against agreed appetite and limits
    o Alerting the Board to, and providing challenge on any business strategy or plans that exceed their respective appetite or limits
    o Advising the Executive and the Board immediately of any matters likely to have a material adverse effect on business, operations and financial stability

 

The Person:

  • A thorough understanding of Strategic risk, Financial risk, Credit risk, Operational risk, Conduct risk, Regulatory risk
  • Possesses the credibility and gravitas to interact with all levels across the Group, including the Board
  • Strong leadership capabilities to advise and influence Business Leaders and the Executive and lead and develop the Group Risk Function

 

Please note, should you not receive feedback 28 days, unfortunately your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.