Head of Risk

We are inviting applications for Head of Risk for an international Bank based in city of London. Our client is in Wholesale Banking very established Bank in UK. This is a permanent position starting immediately.

Key Responsibilities:

The primary responsibilities of the position are to:

Risk Management Framework and Monitoring of Risk Limits:

o Establish, implement and maintain a comprehensive risk management framework and methodologies to cover all internal & external risks.

o Prepare and update various risk related policies including but not limited to Risk Appetite Statement, Risk Management Framework, MRM policy, ORM policy, Whistle blowing policy etc.

o Challenge and provide risk sign–off for other key policies from 2LOD standpoint.

o Monitor credit, market, operational, liquidity and other risks in accordance with the Bank's risk appetite and escalate any breaches/potential breaches.

Credit Risk Assessment:

o Review credit proposals to ensure they meet the Bank's risk acceptance criteria, are within the Bank's approved risk appetite, and do not expose the Bank to hidden risks.

o Review the PQI (Portfolio Quality Index) of the asset portfolio periodically and assess inherent credit risk in the portfolio.

o Review and update formats for credit appraisals and conduct periodical review of sector / industry / country exposure of the asset portfolio, in conjunction with Credit teams.

o Recommend industry and product exposure ceiling / limits for approval by respective committees, wherever applicable.

o Independently review and challenge industry banding criteria and levels on a regular basis.

o Develop, monitor and review the internal Credit Rating models to ensure these models are aligned with the market conditions and reflect credit risk properly.

Operational Risk Management:

o Maintain the risk registers, ensure root cause analysis of risk incidents, and providing recommendations to management on risk mitigation actions.

o Oversee the execution of the Bank's Risk Control Self–Assessment, and continued enhancements of the Operational Risk Framework.

Mid Office/ Market Risk Management

o Supervise and review the activities of the Head Mid Office in particular and all mid office activities in general

o Review the daily mid–office reports and ensure that operational limits pertaining to market risk are maintained.

o Ensure all breach monitoring and reporting is complied with

Regulatory Compliance:

o Review the Bank's risk reporting and propose amendments where necessary in particular to address changes in regulatory requirements.

o Facilitate escalation of any potential PRA regulatory breaches to the relevant fora i.e. Manco, Risk Management Committee.

o Prepare and implement the approach to manage the climate related financial risks in terms of regulatory expectations.

o To act as designated official under Whistle blower scheme.

Risk Culture, Co–ordination and Team Management:

o Work with other departments to ensure compliance with risk standards and development of risk culture within the Bank including providing training and support to other departments where required.

o Ensure that the bank keeps up to date with developments in risk management requirements.

o Establish, implement and maintain processes and procedures to ensure that emerging and crystallised risks are identified and reported from all staff.

o Manage the risk team on day–to–day basis. – Co–ordinate with internal audit and ensure that full testing and compliance with all risk management procedures is effective throughout the Bank and escalate if any issues arise in this regard.

o Integrate risk management into all business decisions by ensuring effective risk identification and the creation of cost–effective risk mitigations plans and controls by working closely with the business.

HR Deliverables:

o To manage a team of operational staff towards achieving performance targets.

o To develop and coach staff and raise their competence to be best in class on a sustainable level.

o To train and cross–train staff through job rotation and relief assignments to increase job depth and job width and to facilitate career progression and succession plans.