Enterprise Risk Officer

  • Market rate
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Saxton Leigh
  • 18 May 18 2018-05-18

Our client, an international bank based in West London, are seeking an experienced risk professional to join their team.

THE COMPANY:

Our client is a international bank based in West London with growth plans for its London operations. They specialise in retail banking and real estate finance.

 

THE RESPONSIBILITIES:

  • In conjunction with the business units be responsible for implementing of the Operational Risk policies and processes, to implement Risk control self-assessments (RCSA) and system risk assessments, Scenario Analysis, Key risk indicators, incident capture and effective and meaningful Operational Risk Reporting
  • Through analysis of risks identified via the RCSA and any other relevant sources, facilitate the development of appropriate action plans by the business units to lines of business on issues related to Risk Assessment.
  • Undertake evaluation of the RCSA and provide feedback, prior to acceptance by line managers and the Risk function
  • Periodic review of the effectiveness of Controls used to mitigate the identified risks and where necessary as well as test such controls
  • Raising and agreeing on the subsequent actions plans emanating from the analysis of controls by the business areas, and tracking the plans to completion
  • Maintain the Risk Register for the Bank and review quarterly, in line with Audit and Risk Committee reporting
  • Assist with the configuration and rollout of the Group Operational Risk system, in strong partnership with the Group Head of Operational Risk.
  • Prepare reports for management that measure risk profiles/risk appetite and highlight key risks/themes/trends
  • Raising awareness/profile of Operational Risk Management across all locations and act as the point of reference on all matters pertaining to Operational Risk
  • Tracking of outstanding actions arising from reports by regulators, internal and external auditors and other internal reports
  • Keep up to date with developments in the market, regulators, risk environment, etc.
  • To develop own professional expertise through on the job training, formal training and providing training to the team and staff
  • Provide strategic and tactical consulting to lines of business and branches on issues related to Risk Assessment and the Controls Assessment
  • Communicate significant issues to the CRO and make recommendations when weaknesses are identified
  • Investigate and report any Risk-related regulatory breach and propose remedial action
  • Assume additional responsibilities and lead special projects as assigned
  • Become an expert and go to person for staff for the system that is used to manage operational risk (currently Arc Logics)

 

EXPERIENCE REQUIRED:

  • Experience in Implementation of Operational Risk Assessment systems
  • Strong knowledge and understanding of business functions
  • A deep understanding and practical application of Operational Risk as a discipline within a banking environment, and the subsequent benefits from such implementation
  • Experience or understanding of the requirements and production of an annual ICAAP
  • Experience of having worked in both large and small institutions and comfortable in working with little supervision and taking responsibility, in a smaller organisation

 

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