Risk & ALM Senior Risk & Control Officer

THE COMPANY:

Our client is a leading international bank based in the City.  They are looking for a Senior Risk Control Officer to join the team.

THE RESPONSIBILITIES:

• Support the Head and the Risk & ALM teams in the day-to-day management of risk, with particular focus on liquidity risk and ALM, but also enterprise risk management (ERM) and other risk-related activities.
• Act as joint / assistant Secretariat for ALCO and from time-to-time other risk-related meetings.
• Produce management information for ALCO, Subsidiary Risk & Compliance (RCC) and Branch Risk Committee meetings.
• Assist the Department Head and the Liquidity Risk Team and join the respective inter-departmental working groups in the annual updates of the ILAAP and RRP for the Subsidiary, as well as other UK regulatory compliance work.
• Propose and provide advice on risk management strategy, framework, policy and procedure, and assist in the annual updates of risk-related policy documents owned by Risk & ALM.
• Assist Liquidity Risk Team as directed by the Department Head
• Daily LCR/NSFR monitoring, weekly monthly and quarterly liquidity reports for various stakeholders, including Parent Bank and Senior Management.
• Monitor the Bank’s liquidity position and buffer on a daily basis, conduct daily liquidity forecasting and perform ad hoc analyses.
• Produce management information for ALCO and Risk & Compliance Committee meetings.
• Internal stress testing, including regular review of the scenarios to ensure that they are relevant and up-to-date.
• Enterprise Risk Management, including the inter-departmental coordination and preparation of materials for the two London Risk Committees as well as Head Office Risk Department and ALM Department (assisted by the Department Head).
• Subsidiary only: assist Department Head in Recovery and Resolution Planning, including annual update of the Recovery Plan.
• Subsidiary only: participate in annual update of ICAAP and Pillar 3 Statement.
• Oversight of RFR upload process: assist Department Head in the daily RFR upload process.
• Other tasks as directed by the Head of Risk & ALM Department, including but not limited to updating Business Continuity Policy (BCP), ongoing streamlining and automation of processes, etc.

EXPERIENCE REQUIRED:

• Fully aware of industry trends and best practices, with a minimum of 5 years’ risk management experience with reputable banks / FIs (ideally smaller / foreign), with particular focus on liquidity risk and ALM.
• Full understanding, and correct interpretation of, regulatory regimes and requirements regarding liquidity risk (LCR/NSFR monitoring, etc.) and ALM, ideally through participation in ALCO, either as a member or attendee.
• Involvement in preparation of ILAAP and ideally also Pillar 3 and ICAAP.
• Strong teamworking skills (preferably in multicultural workplaces)
• Excellent written and verbal communication skills, including active participation in group discussions / meeting such as ALCO.
• Wide coverage and deep expertise in selected areas (liquidity risk and ALM) and in the broader context of industry practices.

For further information please contact Eleanor Gowling