Head of Enterprise Portfolio Risk recruitment
Role Purpose
The role holder will lead the quantifying and measurement of the aggregate risk profile across Ulster Bank while working with other risk category owners and key business leaders. They will ensure the consistency, comprehensiveness and effectiveness of the Group’s risk measurement frameworks, methodologies and processes. They will oversee the development and validation of key portfolio risk models for the retail and corporate business areas and working closely with RBS Group Risk COO in the creation of a Centre of Excellence for modelling. They will also lead the approach to economic capital modelling, stress testing and concentration risk assessment including working with the bank Economist and Group to define appropriate stress testing scenarios.
The role holder will be responsible for the development and delivery of the overall portfolio analysis capability for risk, leading the production of the Chief Risk Officer’s Report, performing scenario modelling and taking the lead on all risk-wide ad hoc portfolio analysis. They will ensure that ExCo and Board have a comprehensive understanding of the end-to-end risk profile of Ulster Bank and the related consequences for capital, liquidity and RWAs. They will also have responsibility for stakeholder management at senior and executive levels in the business divisions, Finance and Treasury and co-ordination of appropriate work at Group level, including participation at senior governance forums.
Major Activities and Responsibilities
- The role of the Enterprise Risk Management covers the following core responsibilities:
- Lead the development and implementation of a bank-wide strategic plan for the improvement of Enterprise Risk management and translate these plans in action and objectives for implementation and mobilise resources for its delivery
- Lead the development of a consistent approach to the risk capital management framework, including the implementation of an Economic Capital framework.
- Lead overall contribution to the capital management of Ulster Bank from a risk management perspective, acting as one of the 3 pillars of capital management together with Finance and Treasury. Provide effective leadership and challenge to capital planning methodology and approach.
- Represent risk, interacting with Business Units and Divisions at senior and executive levels across the RBS Group globally to contribute towards Enterprise Risk Management and strategy;
- Implement and embed a Firm Wide stress testing programme which meets internal risk management objectives and well as regulatory expectations including the development of appropriate scenarios in the context of Ulster Bank’s market position.
- The role holder will ensure transparency of the interlinking relationship between the overall business strategy and the risk appetite framework, identifying choices and options by working closely with the Head of Strategy and Finance team and lead regulatory and other relevant projects such as Basel and playing a full role on behalf of Ulster Bank in all group-wide initiatives around risk modelling and measurement.
- Responsible for production and delivery of a regular high quality Economic and Regulatory capital reports and supporting documentations for senior executive management including UBL/UBIL Boards plus ExCo and Executive Risk Committee
- Provide strategic oversight and support to the CRO and CFO of Ulster Bank for capital management purposes in Ulster Bank
- Ownership for on going monitoring, review and assessment of regulatory changes that impact capital and provide this information on a regular basis to the CRO, CFO, CEO, and Board Risk Committee
- Accountable for developing and maintaining strong and productive relationships with stakeholders (Finance, Treasury, Business Divisions) through development of relevant and appropriate risk metrics which are incorporated into risk reporting
- Working closely with CRO and Head of Operational Risk to define the leading risk indicators and key measures that underpin the enterprise and business unit specific risk appetite statements
- Lead dialogue with the external regulators (i.e. Central Bank of Ireland and FSA) on matters of risk based capital, stress testing and capital adequacy assessment
- Overall responsible for credit models framework. This includes ensuring that models are created to a consistently high standard, appropriately and efficiently implemented throughout Ulster Bank
- Build, develop and lead a highly effective and motivated team with high engagement, delivery focus and technical expertise
In addition, the role holder will play a key support role in other areas of Risk, and in the management of the overall function through:
- Establish and maintain strong relationships with subject matter experts in the businesses at senior levels, including CRO, the CFO and the Treasury Management team.
- Providing leading edge subject matter input into the creation of senior management ready documents and analyses in support of regulatory interactions and in compliance with key regulatory requirements in Basel 2 and other areas
- Providing input into other areas of risk management which have strong linkages to firm wide risk management, in particular Risk COO and Head of Operational Risk on Risk Appetite, Measurement and Reporting.
Financial Management:
- Managing budget
People Management:
- Ability to inspire, motivate and lead a team a large team.
- Proactively sharing knowledge within the team.
Skills and Experience Required
Essential:
- Deep experience in managing regulatory relationships.
- Proven ability to lead and develop large, high performing teams of multi-skilled professionals including recruitment, talent development and performance management
- Excellent academic record including a degree in a quantitative or finance related subject ideally at post graduate level.
- Experience and understanding of the application of risk based capital concepts and capital calculations of banks.
Desirable:
- Experience in delivering written and verbal communications to senior management executive audiences and of developing constructive relationships with a range of different stakeholders
- Will have performed senior roles at significant banking institutions where there has been regular interaction with senior decision makers and demonstrated capability to influence positive outcomes.
- Proven track record in delivering improvement programmes in businesses and/or risk management.
Technical Knowledge:
- Strong understanding of Risk concepts and principles with a solid understanding of risk methodologies across all asset class.
- Deep understanding of risk and capital management at firm wide level of banks.
- Strong awareness of market standard portfolio models i.e. Moodys Analytics Portfolio Manager/Risk Frontier and credit portfolio modelling techniques, including concepts of measurement methodologies
- Good knowledge of Basel 2 requirements and general regulatory requirements.
- Understanding of a broad range of products and associated risks relevant to complex financial organisation
Please note: Clear demonstration on the application form of meeting ALL essential criteria detailed in the advert is required
Fitness and Probity
This is a Regulated Role, and will be subject to enhanced vetting procedures. There will be an ongoing requirement for the role holder to maintain fit, proper and sound standing to perform in the post.