Enterprise Risk Manager, Banking

London Based

Our Client’s main banking activities are trade finance, corporate banking, treasury and UK buy to let mortgages. The bank, a subsidiary of an African banking group,  is currently developing a broader personal and business banking proposition, targeted at the African diaspora through a digital banking division and platform, and aspires to build a payments and transaction banking capability for corporate and institutional customers, our client based in London is currently searching for an Enterprise Risk Manager.

Overview:

As a Senior Risk Officer you will be responsible for managing a comprehensive risk framework across the bank, encompassing operational risk, resiliency and continuity, IT and Cyber risk, model risk, market risk, and outsourcing third-party risk management. Your role will involve developing, implementing, and overseeing risk management strategies specific to these areas, ensuring the overall stability and security of the bank.

Key Responsibilities:

1. Operational Risk & Resiliency Management:

• Identify and assess operational risks associated with banking processes.
• Develop and implement strategies to mitigate operational risks, including business continuity planning and incident response.
• Working with 1st LOD, embed operational risk policy.
• Work collaboratively with 1^st LOD on operational resiliency and business continuity.

2. IT & Cyber Risk Management:

• Evaluate IT and cyber risk management across the banking platforms.
• Collaborate with IT security teams to implement robust cybersecurity measures, conduct regular vulnerability assessments, and ensure compliance with industry standards.

3. Model Risk Management:

• Assess the accuracy and effectiveness of models used within the bank.
• Implement model risk management practices, including model validation, to ensure the reliability of models used for risk assessment and decision-making.
• Credit Model Review.

4. Market Risk Management:

• Analyse market risks associated with treasury and other banking activities.
• Develop and implement risk management strategies to address market volatility, interest rate fluctuations, and other market-related factors.

5. Outsourcing and Third-Party Risk Management:

• Evaluate and assess risks associated with outsourcing arrangements and third-party relationships in the context of trade finance and digital retail banking.
• Develop and implement robust oversight processes to monitor and manage outsourcing and third-party risks effectively.

6. Risk Assessment and Analysis:

• Conduct comprehensive risk assessments, considering operational, IT and Cyber, model, market, and outsourcing risks collectively.
• Analyse the interplay between different risk types and their impact on the overall risk profile of the organisation.
• Assurance on Credit from an appetite and modelling perspective.

7. Policy Development and Implementation:

• Develop and update risk management policies and procedures for operational, IT and Cyber, model, market, and outsourcing risks.
• Ensure alignment with regulatory requirements and industry best practices.
• Develop Risk Management Framework and Risk Appetite.

8. Compliance Monitoring:

• Monitor compliance with regulatory requirements related to operational, IT and Cyber, model, market, and outsourcing risks.
• Work closely with compliance teams to address any identified gaps and ensure adherence to relevant laws and regulations.

9. Reporting and Communication:

• Prepare and present comprehensive risk reports to senior management and relevant committees, covering operational, IT and Cyber, model, market, and outsourcing risks.

• Communicate key risk metrics, trends, and emerging issues to stakeholders.

10. Training and Development:

• Provide training and support to staff involved in trade finance and digital retail banking, enhancing awareness of operational, IT and Cyber, model, market, and outsourcing risks.

Qualifications and Skills:

• Master's degree in Finance, Risk Management, or a related field.
• Rating agency experience a preference.
• UK Subsidiary banking experience global/private banking experience.
• Experience in risk management within the banking industry, with a focus on trade finance and digital retail banking.
• Strong understanding of regulatory requirements and industry best practices, specifically in operational risk, IT and Cyber risk, model risk, market risk, and outsourcing risk.
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and interpersonal skills.

Our client is an equal opportunity employer and ensures that no applicant is subject to less favourable treatment on the grounds of gender, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, responsibilities for dependants, physical or mental disability. Candidates are selected for interview based on their skills, qualifications and experience.

Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500

Email:         enrico@wintermann.co.uk