Head of Risk- Frankfurt

THE COMPANY:

Our client is an international banking group, seeking a Head of Risk to join the Frankfurt Branch.  This position will lead the department and manage a team, as well as engage with different stakeholders to develop appropriate risk management strategies and plans.

THE RESPONSIBILITIES:

• Maintenance of the overall risk management framework at the branch and amendments according to with the principles and regulation by German banking supervisory authorities;
• Ensuring the branch has adopted a comprehensive risk assessment approach, including a detailed structure of limits, guidelines and other parameters;
• Ensuring the Branch maintains adequate credit, market, counterparty, liquidity, and operational risk management and control procedures, thus ensuring full compliance with all applicable banking laws, regulation, and internal policies and procedures;
• Providing risk expertise and consultation to the branch management and the bank’s head office in China;
• Ensure the full compliance of the branch to the liquidity regulations and ratios;
• Proactively managing the process through the development of relevant models and control mechanisms to enable accurate assessing, monitoring, forecasting and reporting;
• Responsible for creating and reviewing risk management techniques to control risk exposure that results from the branch’s activities;
• Continuously improving risk analysis and operational procedures;
• Respond to new regulatory requirements, e.g. CRR 3, CRD 4, or ESG risk, and manage projects to respond to new regulatory requirements;
• Managing a team of four risk professionals to ensuring ongoing proper controls, in addition to periodic risk reports, risk management committees as well as timely escalation of risk alerts to the senior management of the German branch;
• Participation in the Credit Committee and involvement in the credit approval processes;
• Reviewing the credit quality of the portfolio and preparation of adequate strategies if deviations from the bank’s risk profile or repayment schedule are observed for any asset;
• Reviewing and checking the expected credit losses of the branch’s clients as well as the capital requirements stemming from the local credit facilities;
• Ensuring a timely and adequate follow-up of the operational events which may occur at branch level and checking that the remediation actions are effectively in place;
• Managing the branch relationship with supervisors and external auditors and acting as contact person for risk-related matters.

EXPERIENCE REQUIRED:

• At least 5 years’ relevant experience in a similar position in a commercial bank or in the audit and consulting industry with a track record in financial services;
• Sound knowledge on a broad range of risks related to the banking sector combined with an expertise in credit and operational risks risk management analytics (KRIs and KPIs);
• Broad knowledge of laws and regulations on risk management, capital adequacy and liquidity;
• Extensive knowledge of international financial markets and commercial banking products;
• Fluent written and spoken German and English;
• Technical understanding to use the bank’s professional risk control software, and maintain risk models in this system;
• Analytical skills, oral and written communication skills, team management as well as project management skills, used to handle confidential information

For further information please contact Jordan White