The main accountabilities of the role are as follows:

  • Ensure that the firm's risk management framework is both robust and in line with the risk appetite of the firm, the applicable regulatory requirements and the parent company's policies.
  • Ensure effectiveness of the risk identification process
  • Maintain Risk Management policies, procedures and reports - which includes the the annual SYSC report to the board.
  • Ensure that effective processes are in place for the management and monitoring of exposures and limits - in line with applicable regulations and client mandates.
  • Assess risks for new business, products or changes to existing business activity.
  • Co-ordination of the BCP with the BCP committee.
  • Management of ICAAP and ILAA in line with FCA IFPRU rules and CRD IV Pillar 2 and the creation of CRD IV Pillar 3 Disclosures
  • Preparation of the monthly Risk Committee and Operational Risk Committee agenda and reports.
  • Identification and investigation of risk events and root cause analysis and working with the business to improve controls and processes arising from the same.
  • Conduct risk based induction and ongoing training to applicable staff
  • Manage the day to day function of a team of 4 analysts.

To be considered for the above position the ideal candidate should possess the following skills and attributes:

  • Minimum 5 years experience in a Risk management role within a securities related financial services environment.
  • Advanced knowledge of risk management concepts tools and methodologies - in particular Operational Risk.
  • Understanding of Credit, Market, Liquidity risk management in a securities environment.
  • Familiarity with EU CRD IV Pillar 2 and 3 requirements and FCA IFPRU rules as they apply to a non-significant IFPRU firm.
  • Knowledge of regulations in respect of Recovery and Resolution Planning, Liquidity Risk Management and Business Continuity.
  • Qualified in Risk Management, Securities or related subjects.
  • Advanced stakeholder management and report writing skills
  • Experience of managing staff

In exchange for the above my client offers an attractive remuneration package and the opportunity to shape the Operational Risk culture of the company in a positive and proactive fashion.