Chief Risk Officer recruitment

The client is the North American business of an A-rated Foreign Bank with assets of over USD$1Tn. The Banking Group possesses a distinctive business model and provides corporations, financial institutions, governments with solutions to their financing and risk management needs. With offices across the European Union, United States, and Australia and employ more than 100,000 people globally.

Major business lines include:

Strategy

• In conjunction with the other Executive Committee members, formulate the strategic direction of North America and monitor performance of the business to ensure the 5 year plan is achieved

• Lead and establish a coherent and strategic plan for Risk across North America in support of the delivery of the overall Banking Group strategy whilst managing relationships across divisional boundaries.

Performance

• Monitor delivery and recommend changes to the Risk Plan and priorities to ensure the strategy for North America is effectively implemented.

• Develop Risk Management processes that identify where risks arise and what drives losses, improving systems and processes to optimise and manage risks.

• Engage the business by advising/consulting with business divisions in understanding risk management strategies, policies and requirements, assisting the business to continually assess and refine their risk management practices and embedding a risk aware culture throughout the organisation.

Relationships

• The Chief Risk Officer is a member of the North America Executive Committee, Asset Liability Committee and Chair of the Portfolio Risk Committee and North America Risk Committee.

• Lead and develop a team of 50+ risk professionals (both direct and in-direct).

• Serve as the North America’s Senior Sanction Officer and as a risk signatory on the Bank’s Credit Committee.

• Maintain relationships with the Bank’s North American regulators and the Bank’s internal control framework.

Essential Knowledge/Skills/Experience

• Strong understanding of corporate and structured credit across Corporate Finance, Structured Credit and Capital Markets with previous sanctioning authority within a Commercial bank environment.

• Strong understanding of risks involved in a markets business including market, legal, conduct risks etc.

• Deep understanding of US regulatory environment (ie. Broker Dealer, Commercial, BSA/AML requirements) with a proven history of strong management of regulatory relationships with Federal/ State examiners and FINRA.

• Strong leadership capability with experience in building and leading highly successful teams who consistently excel. Ability to initiate, innovate and manage change – operational, management, people and cultural.

• Previous experience in operating in a matrix management atmosphere and dealing with Executive Committees and stakeholder management.