My client is a well-known Financial Services business who are going through a period of change and therefore looking to recruit a Risk Insight and Reporting Manager. This key risk management role requires a strong technical understanding of business risk, and the framework requirements associated with its management, backed by a sound record of the use of data and risk systems to inform risk status and reporting. A key part of the role is to engage directly with Executive and SMF Role holders to identify and assimilate their risk MI and reporting requirements well as working with other Group data experts and insight providers to ensure that risk reporting is consistent and that data mechanisms are consistently applied.
The purpose of the role:
Build relationships with FS Exec members and other SMF Role-holders to enable effective provision of risk insight across all Group Executive functions. Develop and maintain data gathering and reporting protocols across all functions be accountable for signing-off the accuracy and validity of risk reporting data.
Use data and insight to monitor Credit and Financial risks and exposures.
Consider identified risks, issues and control data and determine aggregate potential risk and regulatory impact and report to appropriate stakeholders, including the FS Exec, and participate in defining and agreeing remedial actions.
Accountable for managing and ensuring the quality and timely delivery of all risk and issue management reporting; collaborating with first and second line Risk Managers to ensure a consistent and robust application.
Accountable for managing aggregate delivery of the Risk and Control Insight Plan.
Providing second line evaluation of first line use of risk and control data and opining on the application of first line risk data use. The scope of risk data evaluation will include: Business areas, processes, product, data security and major change activity.
Accountable for producing monitoring programmes that accurately identify potential risk exposures or control gaps or non-performance through effective use of KRIs, with findings risk rated according to the Risk Management Policies and standards.
Build coaching and development programmes for first and second line risk managers, ensuring consistency and quality of data used to manage Issues, RCSA, Loss Event reporting and KRIs.
At least 5 years’ risk management experience, gained in a Financial Services environment
Excellent skills and competency in: Using SME experience to coach and develop colleagues’ risk data and insight knowledge, governance of data accuracy and validity, measuring, analysis and reporting KRI performance, report writing, design, production and maintenance of reporting dashboards, principles of business continuity management, principals of data protection processes, policy, standards and process development and review, relationship management (At senior internal and external level), design and production of system generated reports and reporting schedules
In depth knowledge of: Data management and reporting, risk and control evaluation methodologies, risk and control self-assessment techniques, system administration and reporting
Good knowledge of: Relevant UK regulation, business Continuity Management techniques, risk quantification and modelling