Head of Portfolio Risk Management
Salary: 150k-200k
JOB PURPOSE:
To enable profit optimization and controlled credit exposure through effective leadership, change, management and stratification of portfolio credit and risk.
DIMENSIONS:
A team of 13 highly specialist senior resources will support the Head of Risk Portfolio Management. The team will operate under a flat structure with specialist information analysts directly supporting the management team. The role requires extensive commercial, analytical, capital, PL, strategy development, credit management and risk management expertise, with broad and indepth knowledge of consumer, commercial and corporate banking across the credit life cycle.
The role reports to the CCO but will be required to influence and direct at all levels of the senior leadership within the organisation, from exec level peers in credit and risk to the COO, Head of products, Head of Challenge and Head of Customers on the Leadership Team. The role is key to deploying strategies that enable the bank to achieve its strategic objectives and viability. The position is a senior member of the risk leadership team and influential member of credit committees (chair or alternate chair) and risk committees (attendee).
PRINCIPAL ACCOUNTABILITIES:
- Drive risk management and business strategies to enable profitable portfolio risk adjusted returns
- Develop, plan and implement risk strategies across the banks consumer, commercial and corporate portfolios, across the credit lifecycle, to maximise risk adjusted returns and process efficiency
- Conduct investigative analytics as the basis for developing commercial strategies, policies and processes that positively impact expected returns
- Utilise and develop the credit risk management infrastructure, systems, tools and technology of the group.
- Investigate, review and challenge established structures, policies and processes affecting credit risk performance, leading and championing the risk response to minimise expense, maxiise efficiency and risk adjusted returns
- Lead, develop and maintain an Enterprise wide data warehouse and management information tool, enabling and controlling business level data requirements, analytics and internal and external MI
- Facilitate the development of data and MI, providing insight and knowledge, to enhance decision making and transparency of decisions to the Leadership Team and Board
- Engage with senior product and project owners, the Leadership Team and Board as appropriate, on risk strategy, portfolio monitoring and performance to direct improvements that positively impact business viability and income
- Lead credit risks contribution to portfolio financial planning to ensure plans are robust and achievable, escalating and influencing senior management where plans fall short.
- Manage the deployment and development of a specialist team of Risk Portfolio Managers and specialist Analysts
- Act as chair of Credit Risk Committees and deputise for the CCO (and CRO as appropriate) at risk committee and board meetings.
JOB ENVIRONMENT:
- Stratification of banks portfolio, a diverse portfolio of corporate, commercial, SME, and consumer exposures, effecting all the banks €bn balance sheet exposures. Knowledge of the regulatory framework is a pre-requirse for the role but the ability to think and develop strategies that maximise the risk adjusted returns within the regulatory framework is essential. The role will be responsible for challenging and developing internal rules, procedures and policies to optimise return, not to be bound by them.
- Lead, develop and maintain an Enterprise wide data warehouse and management information tool, enabling business level data requirements, analytics and internal and external MI. The function will drive development of technical systems that enable both complex modelling, which the team will undertake, but also development of executive information that is investigated and commented for submission to the executive and board.
- Investigative analytics and commercial strategy development, conducting complex analytical investigations of credit management processes, systems and strategy to design and deploy commercial solutions that optimise risk taking through effective test and learn strategies. A significant level of banking and risk experience, across the credit lifecycle, is required to influence and deliver a different strategic approach or optimisation of an existing approach outside previously constraints. Extensive knowledge of strategy systems and receivables platforms is a pre-requisite.
PRINCIPAL CHALLENGES:
- Establishing retail banking methodologies and decision making processes, policy and strategy within the bank
- Engagement of senior bank personnel across all key functions to think about portfolio’s rather than individual account risks, from a credit lifecycle perspective and end to end process management.
- Breaking down the barriers between functions and enhacing an integrated strategy response to enhance the business understanding of risk as an enabler and profit centre.
NECESSARY EXPERIENCE:
- Degree educated
- 10 years as a senior risk manager operating at bank committee, executive and board level
- Demonstrable broad experience across a broad range of risk disciplines, from credit management to technical model development, strategy development and systems deployment. Must be able to demonstrate a practical knowledge as well as developed leadership skills.
- MICM or equivalent
SPECIAL FEATURES:
The Head of Risk Portfolio Management as described is the CCO or CRO of a Retail Bank.
Contact: Eoin Blake 01 6610444 eblake[at]lincoln.ie
Please submit your CV in MS Word format.
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