Front Office Business Partner
Purpose of the Role:
- You will be working within the banks controls product team
- Working in partnership with the businesses to support sustainable growth whilst ensuring risk is managed within a defined risk appetite
- To ensure processes are designed and executed effectively to manage operational risk through the application of key controls
- Extensive experience/coverage across FX, Rates, Credit Risk is essential
- This is a Front Office driven role so senior stakeholder management is integral
- You will be providing support to the desk heads and their teams to ensure the risk/control framework is effective
Key Responsibilities:
- Develop and implement detailed risk and control assessments (RCAs) to cover Financial Markets and underlying desks
- Assist Financial Markets in their compliance with the Group’s policies, procedures and guidelines together with all relevant regulatory and statutory requirements where appropriate, implementing actions to protect the business at all times.
- Use RCAs and other inputs and to support the Control Effectiveness Review (CER) in line with Group requirements.
- Provide specialist business support to Financial Markets relating to business process controls (both effectiveness and risk appetite). Where appropriate, educate Financial Markets on control best practice.
- Involvement and support of business risk reviews.
- Attendance at relevant Committees and Forums providing input and challenge.
- Undertake process reviews (in support of RCA or ad hoc) to identify and address weakness and/or process inefficiencies in support of the Simplification programme.
- Support Financial Markets in completion of risk event forms and perform root cause analysis of operational failures, issue or events and recommend actions to ensure effective controls are in place.
- Track and help the business to manage and minimise Operational risk losses within appetite and ensure robust controls are in place to minimise losses to within agreed tolerances.
- Support Monitoring Testing team to define and regularly review a monitoring and testing plan for the key Financial Markets controls identified by the RCA process.
- Assist Monitoring Testing team with the analysis of the results from Fraud Dashboard and liaise with desk heads and MD, Financial Markets to review results and discuss potential actions if indicators are outside risk appetite.
- Support Head of Control Product and Operational Risk Reporting to prepare regular and ad hoc reporting.
- Manage, motivate, develop and appraise team members as required, so that their individual and collective performance is of the required standard and meets the current and future needs of the business.
- Ensure their training needs are identified and addressed to continuously improve performance.
- Develop and stretch yourself and the team, build the talent pipeline and expand organisational capacity.
Skills Experience
- Business Partner is the main BUCF interface into Financial Markets and will be interacting with MD and the desk heads.
- A high level of creditbility and highly proficient understanding of the end-to-end trading lifecycle (e.g., market risk,
- credit risk, product control, operations, and regulatory compliance) is essential.
- Experience of interacting with senior stakeholders and the ability to influence and successfully challenge management to achieve an effective control framework.
- Evidenced written and verbal communication skills.
- Demonstrable ability to partner across different teams and influence and align colleagues and stakeholders.
- Whilst not essential, the following qualifications may be relevant: ACA/ACCA, IIA, CFA, PRM, Institute of Bankers.
- Relevant experience could include Risk Management, Product Control, Internal Audit with experience in undertaking complex business reviews
For more Details, please visit our Website – www.hamlynwilliams.com and for further information send any queries to s.hewett@hamlynwilliams.com or contact me directly on 0203 675 2930
Hamlyn Williams is an Executive Recruitment consultancy that specialises in placing Risk, Compliance, Regulatory Information Security professionals globally:- offering Retained, Contingency and Interim/Contract recruitment solutions for the Financial Professional Services
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