Investment Bank Risk COO / Business Manager
The Risk function at the Investment Bank is responsible for evaluating, monitoring and controlling credit risk, market risk and operational risk to ensure comprehensive and effective control and independent challenge to the Investment Bank in its commercial objectives.
Main Function
The Chief Operating Office (COO) function within Risk is responsible for the smooth operation of the overall Risk department, and is accountable to the Co-Chief Risk Officers. The team is primarily responsible for facilitating key deliverables, challenging strategy and driving change in the organisation, as well as owning internal and external communication across the department and administrative activities such as managing budgets and headcount.
Main Duties
The Functional Risk COO will be a member of a team of Functional Risk COOs who are aligned to provide dedicated coverage and support to specific Risk functions. The Functional Risk COO is primarily responsible for supporting the Functional Risk Heads in their key deliverables developing strategy and establishing the appropriate level of partnerships to facilitate management decision making. The role acts as a key stakeholder interface, establishing effective working relationships with the business, other infrastructure departments and colleagues within Risk.
- Provide direct support to the MD Global Head of Market Risk: Rates, FX, EM, Commodities, IB Treasury (Functional Head)
- Organisation management - ensure smooth running of team:
- Tracking and actioning deliverables from key meetings/ venues
- Team organisation (human capital planning)
- Investigating issues and acting as radar for upcoming problems and challenges
- Ensuring new and existing business is executed effectively and efficiently
- Acting as trusted advisor and agent of change for Functional Head
- Support and facilitate design, communications and implementation of functional strategy across the department and wider firm
- Communication of progress against plans/ achievements
- Understand key business drivers and relationships, pulling together the right people and directing and facilitating discussions
- Holding infrastructure functions, including technology and operations, to account for project delivery
- Supporting the global functional heads in achieving their financial, regulatory and resource based targets and goals
- Managing internal and external relationships
- Representing Risk in key workstreams and committees.
Person Requirements
- Experience in a COO / Business Management function
- Experience in a front office / trading COO function would be preferred
- Knowledge and understanding of Risk and Risk Practices
- Very strong communication and presentation skills, with an eye for detail
- Proven ability to interact challenge senior management
- Able to present complex topics succinctly and concisely
- Strong organisation and networking skills
- Solid knowledge of front to back investment bank processes
- Experience of programme and project management.
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