Global Head of Risk & Control for KYC (Director)
My client a major financial services provider with an established global presence is currently offering a fantastic opportunity for a high calibre individual to join the group in the capacity of Global Head of Risk Control for Corporate Investment Banking KYC.
This position forms part of the Client Services Operational area, which includes Corporate Investment Bank KYC, Client Onboarding, Client Servicing and the Client Valuations Group. The individual will be required to support the Global Head of Risk Control in the continued development of the risk assessment and controls assurance framework across both the Corporate and Investment banking KYC and Tax documentation Operational teams.
The individual will also be expected to take a regional oversight and performance management role with regards to the broader Client Services risk and control team. This will involve working both independently and collaboratively across the business to ensure risks are well understood, that the overall control framework is effectively designed, and providing assurance that these Controls are operating correctly. This is a challenging role in an ever changing regulatory environment requiring the successful individual to partner with the global KYC Operations team as well as working with key stakeholders around the firm including central risk regulatory control, Tax, Compliance and other key operations and infrastructure departments.
This role presents an excellent opportunity to join a market leading organisation and to play an active part in driving the long-term development of the Global Risk and control function and helping to contribute to the long-term transformational agenda.
Key Responsibilities
60% KYC Risk Control Management.
Support the Global Head of Risk Control in continuing to build out and strengthen the KYC and Tax documentation risk and control framework across the teams:
Identification of risk
Drive effective implementation and operation of risk and control assessments across the business area to ensure end to end processes and risks are understood, documented, assessed and appropriate controls put in place where necessary to mitigate risks.
Management of risk
Design and implementation of a risk based Attestation/Assurance framework to support ongoing monitoring of key controls; ensuring all operational risk events, near misses and boundary events are captured, reported on and investigated for lesson learned when above a set threshold.
Develop, track and monitor key risk control indicators, highlighting deteriorating trends and working with the management team to remediate.
Monitoring and driving implementation of corrective actions in relation to open regulatory, audit or compliance issues.
Assessment impact of process or system changes on operational risks and controls design and coordinate implementation of suitable controls.
Primary point of contact for External regulators, auditors and stakeholders in relation to the business risk and control environment.
Governance
Establish and operate a global governance framework to actively review risk status, control gaps and management of remediation.
Proposing and agreeing risk appetite measures to monitor control effectiveness.
Driving improvements in control culture, awareness and management capability throughout the business through appropriate training, communication and reporting.
20% Stakeholder management
Shape, influence and manage senior stakeholders and colleagues across the global functions to ensure an appropriate risk and control strategy is defined and embedded in response to the changing regulatory and business environment.
Partner with and influence senior leaders across the Bank globally, in particular the IB Operations area, RRC, Compliance, Governance and Control, Operational risk and Audit to embed a strategic risk and control framework which is aligned to the Bank’s strategy, avoids duplication and optimises the use of pooled resources; Regularly communicate with management to help promote and ensure understanding of the key risks and controls and the management of these.
20% Leadership, Team and People management
Oversee and develop a strong and high performing team of risk and control analysts to support the ongoing risk and control assessment, monitoring and management across the function.
Person Requirements
- Extensive experience in managing financial services operational risk and control management.
- Experience of Regulatory AML/KYC Processing, Risk Management or Compliance oversight.
- Experience in effectively leading, developing and motivating teams. Proven record in resourcing, challenging and motivating a high performing team.
- Proven ability to translate vision to strategy and execute at pace with accountability for overall delivery for risk and controlled initiatives.
- Demonstrated ability to proactively develop effective work relationships (including senior management, internal peers, and external third parties)
- Demonstrated ability to partner with and influence senior management, demonstrating strong communication and influencing skills.
- Proactive and positive attitude and desire to make a difference.
- Ability to effectively time manage and prioritize multiple requests and deadlines.
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