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Risk Officer - Banking

  • Location

    London

  • Discipline:

    Compliance

  • Job type:

    Permanent

  • Salary:

    £50,000 - £55,000

  • Consultant:

    #

  • Email:

    kburn@merje.com

  • Job ref:

    KBU/17491

  • Published:

    about 1 month ago

Job Description:                               This well established and well reputed Bank focuses on treasury, credit and trade finance products and services designed to support both the global operations of South American companies and multinational companies wishing to transact business in South America.

 

Key responsibilities include:

  • Identify and monitor the Branch’s risks (Liquidity, Market, Credit, Operational, Legal)
  • Analyse risk reports generated by the risk reporting systems (RiskWatch and ARA) to produce regular or ad-hoc management information
  • Liaise with the traders, risk management department in Head Office and other areas to ensure adequate flow of information are in place to produce correct and timely risk reports
  • Investigate unexpected variations in VaR and other risk measures
  • Prepare/Collect the required risk reports to be presented/discussed in Committee meetings
  • Carry out the required risk analysis, and present findings to Management
  • Review the risk related policies, procedures and contingency plans and propose improvements/updates to reflect best practices
  • Perform periodic checks to ensure that our counterparty risks are correctly and timely reflected in the branch´s systems
  • Ensure the maintenance of the limit structure approved by the Committees as well as the counterparty credit limits, and the subsequent monitoring of these with the traders and writing up memos on any potential/or/ true breaches or issues arising

 

The Person

 

  • Risk experience from within a Banking environment
  • Skills in “sensitivity” analysis and “what if” scenarios simulations
  • Strong reporting skills and good attention to detail
  • Root cause analysis experience and capability to recommend improvements to prevent risk events from re-occurring in the future
  • Ability to work with Business Owners on the identification of key risk indicators in their business units
  • Operational Risk expertise
  • Analytical skills and ability to identify political, economic and macro level developments worldwide which would affect their markets
  • Develop and maintain a good working relationship with the risk personnel in the regulatory bodies relevant to the branch (PRA, BACEN)
  • Keep abreast of risk related regulatory change proposals and advise on actions that may be required to be taken by the Branch
  • Communicate, liaise, and negotiate internally and externally to facilitate the development of sustainable relationships