Our client is a well regarding Financial Services business that offers a niche range of bespoke products to its longstanding customers.
An exciting opportunity has arisen to join the firm as Head of Risk (SMF4/16/17) and would suit someone looking to take on their first Head of Risk (SMF) role.
As the Head of Risk you will lead the risk and compliance team and be responsible for: The overall management of the risk controls of a firm, including the setting and managing of its risk exposures, and reporting directly to the governing body of the firm in relation to its risk management arrangements.
Key deliverables of the role:
Responsibility to shape, communicate and deliver an appropriate and effective risk and compliance management framework for the firm.
Maintaining Risk Appetite Statements, the Risk Register and for collating and reviewing risk MI.
Maintain a robust independent second line of defence and secure effective third line of defence arrangements, aligned to the key risks of the organisation.
Support the Chair of Risk in delivering an effective quarterly Board Risk Committee, ensuring clear, concise reporting and management information focussed on key risk areas, to enable effective decision making.
Overall responsibility for the firm's policies and procedures for countering the risk that the firm might be used to further financial crime, including Money Laundering.
Oversee and manage the annual compliance and thematic risk review workplan, agreed with the Risk Committee.
Chair of the monthly Executive Credit Risk and quarterly Executive Risk Committees.
Lead, motivate and develop the risk and compliance team.
Horizon scan with responsibility for ensuring the governing body is informed of its legal and regulatory obligations.
Second line oversight and reporting to Board on Consumer Duty workplan deliverables.
Promote a strong risk-aware culture within the firm, ensuring that all employees understand their role in managing risk and are aware of the risk management policies and procedures.
- A strong background, 5+ years in risk management in the financial services sector
- Proven track record in designing and implementing risk management strategies, policies, and frameworks.
- Demonstrated ability to lead and develop a team.
- In-depth knowledge of regulatory requirements and best practices related to risk management in the financial sector (mortgage lending and retail savings being key).
- Professional risk certifications advantageous.