Head of Risk – Banking

THE COMPANY:

Our client is a large successful international bank, devoting a long history of success across the global market, that have offices based in the City.

THE RESPONSIBILITIES:

• To undertake overall department management activities (e.g. strategy, resource planning, people management) and strategically lead the department and ensure quality work delivery and robust internal controls are in place;
• To design and maintain a Bank’s Enterprise Risk Management Framework (ERMF) and promote enterprise-wide risk management principles and activities, and oversee implementation across the Bank;
• To work with all second lines of defence functions across the Bank (e.g. Credit, Compliance, Finance, HR, Legal, Op Resilience etc) to complete enterprise-wide activities (e.g. Risk Appetite Review, Risk Data Aggregation), and support the operations of the Bank’s Risk Management & Internal Control Committee and Board Risk Committee;
• To develop and maintain an effective independent second line of defence function that, oversees risk management activities in relation to Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk as well as the project management activities (i.e. project risk) in the Bank;
• To develop, maintain and implement sound frameworks and/or policies in accordance with regulatory requirement, group policies, local market practices. Provide second line advisory / training and maintain effective independent oversight over the framework or policy implementation;
• To lead or coordinate enterprise-wide risk-related initiatives, including regulatory engagement. Provide subject matter expert input to other activities, work groups and projects in the Bank (e.g. Business Strategy Review, Climate Change, ICAAP and Pillar 3 Disclosure) where appropriate;
• To escalate or keep management, governing body and Head Office abreast of material issues or emerging trends;
• To chair the Bank’s New Product Approval Committee (NPAC), and ensure effective committee operation and robust committee oversight with the support from committee members and relevant stakeholders and Compliance;
• To act as a member of the Business Development Committee, Operational Risk Committee, Compliance Committee, Credit Risk & Decision Committee, Credit Approval Committee, Operational Resilience & Control Committee, IT Management Committee, Bulk Purchase Committee, and Financial Review Committee;
• To attend the ALCO, Executive Management Committee, Risk Management & Internal Control Committee, Board Risk Committee, and Board Audit Committee to provide independent input or escalation as appropriate or required;
• To ensure regular and good communication with Head Office Counterparts and effective alignment, collaboration and information sharing;
• To provide services to London Branch in line with the Service Level Agreement between the Branch and Subsidiary.

EXPERIENCE REQUIRED:

• Relevant professional qualification (e.g. MBA, FRM, CFA);
• Excellent work experience in Enterprise wide Risk Management, Market Risk Management and Operational Risk Management;
• Proven experience of working with senior leadership to develop, implement and maintain risk management frameworks and practices. Experience in assessing internal and external risk trends, regulatory developments, etc and articulating impact on key deliverables;
• Proven experience of people management and development;
• Fluent in Mandarin (preferred).
• Thorough knowledge of financial service industry, banking operations and common product and serving offerings;
• Thorough knowledge of sound risk management principles, practices and operating model in relation to market risk management, operational risk management, model risk management and, desirably, credit risk management;
• Good Knowledge of Banking regulatory requirement from the PRA and FCA (and, to an extent, EBA) in relation to market risk management, operational risk management, model risk management and, desirably, credit risk management;
• Good Knowledge of Basel implementations in Market Risk, Operational Risk and, desirably, Credit Risk.

For further information please contact Natalie Antat