Risk Mgr Sr Job
Risk Mgr Sr (Job Number: 1316940)
Description
EMEA Risk - Chief Administration Officer
General
1. Position in the organisation
The EMEA Risk Chief Administration Officer (ERCAO) reports to the EMEA Chief Risk Officer (ECRO) and provides day to day support as directed and oversight of the delivery of significant risk function-change and risk-remediation projects across the region. This will include standardising project / programme approaches and processes and coordinating interdependencies.
The ERCAO is a senior risk appointment with special focus on coordination (in conjunction with senior risk officers eg LERO and LOB SROs) of risk activity associated with:
2. Legal Entity (LE) Enterprise Risk management (ERM)
3. Lines of Business (LOB) oversight
4. Country-wide matters eg emerging risk, liquidity and funding, capital adequacy.
Role and Responsibilities:
2. Core Activities
The day to day functions of the ERCAO include the following:
Day to day support for the EMEA CRO, and as directed by the ECRO including inter alia:
Risk Governance and Oversight
The ERCAO:
Develops Forward looking radar about emerging risks through a thorough insight into trends and issues in the international financial markets; where necessary pro-actively formulate a view/approach
Delivers significant risk function change and remediation projects
Prepares presentations (on a wide range of topics and initiatives) for delivery to senior management
Represents or deputises for the ECRO as appropriate with EMEA regulatory Board Committee membership
Prepares / collates on behalf of the ECRO draft attestation (or similar) letters to be sent to the regulator and manage the production and content sourcing including delivery of final content for approval
Works with Internal Audit to build and maintain a close and continuous relationship with EMEA Risk on key governance and oversight matters especially where regulatory related.
Helps build, manage, maintain and develop the EMEA Risk annual operating budget for review by ECRO and will enforce budgetary discipline.
Project delivery governance oversight
The ERCAO:
Owns some projects for personal delivery, for others he will have oversight in conjunction with local risk staff according to circumstances and as agreed by the remediation team leads.
Initially, will focus on delivery of a portfolio of regional risk-remediation and other projects (including the UK PRA Risk Remediation Plan) ensuring effective governance and oversight according to the Terms of Reference of the governing EMEA Risk Remediation Steering Group.
EMEA Risk Project Management Office : The EMEA Risk PMO will report into the ERCAO who will provide regular follow up on issues and tracking to ensure effective and timely reporting of project status.
EMEA Risk Remediation Steering Group : the ERCAO will oversee the functioning of the ERRSG, and as supported by the Risk PMO will provide logistical support (organization), reporting (update chasing, production and circulation), preparation of draft minutes and action tracking etc.
Staff responsibilities : includes direct local responsibility for staff overseeing Information risk, Business continuity, Disaster Recovery, Corporate security, EMEA Risk PMO. List to be confirmed; see organization chart, page 10.
Risk Culture
The ERCAO:
- Promotes risk awareness
- Actively promotes and help embed the banks 3 Lines of defence risk management model
Maintains the regional Risk Navigator (the who, what, where and how overview of the local risk management organisation)and ensure LE Navigators are prepared
Helps develop risk training and delivery thereof
Risk Function (organisation and people)
The ERCAO:
Maintains the risk staff mapping and organisation chart database
Assists the ECRO in appraisals and remuneration discussions with relevant code staff
Develops a regime for team building enhancement to support the functions efforts to promote its identity and brand.
Risk management Framework (construct and definition)
The ERCAO:
Further develops the definition and construct of, and adherence, to the EMEA risk framework (6 box grid)
Further develops, maintains and polices adherence to the process for benchmarking of risk practices against local regulatory standards by maintaining a central database of pronouncements and documented gap analysis and similar maintained in countries outside the UK
Develops and supports the regional model for local preparation for regulator examination and oversee preparation status (with the LERO)
Maintains a central library of LE risk policies and ensure these are updated and kept relevant in line with current practices
Helps set and maintain standards and risk management best practices
Ensures that the LE risk profile (capacity and appetite and headroom) is documented at a granular level and is adhered to and monitored at all time.
Ensures risk policies set globally as well as local regulatory risk requirements are applied and adhered to.
Risk Management Operating Model
The ERCAO:
Monitors audit reports (external / internal) and monitor follow-up;
Periodically assesses the Business Continuity Plan (BCP) / Information Security Plan (ISP) for local entities and ensure same is in line with internal / external guidelines.
Completes the Regional Risk Effectiveness self assessment (from 2014) and reports to ECRO of the status against defined success criteria and manages the process whereby LEROs will complete similar annual reviews for their respective LEs; develops and maintains the process and timetable
Risk Models
The ERCAO:
Ensures local knowledge and oversight of risk models used in local decision taking including model inputs, assumptions, use and change, limitations and outputs.
Essential Functions:
Actively Involved in Risk Governance Oversight (supporting Country risk management (30%)
Promotes Risk culture (3LOD, risk awareness) (10%)
Helps manage the Risk Function (organization and people) (30%)
Adheres to and improves the Risk Management Framework (construct and definition) eg policies and procedures) (15%)
Applies the Risk Management Operating Model (BAU risk management activity) (15%)
The ERCAO does not have oversight of Risk Models
Qualifications
Business Expertise:
The candidate must have an in depth understanding of applied Enterprise Risk Management ERM in a senior role at a major international bank. The candidate must understand, sponsor and be able to implement best practices industry standards.
The ERCAO will have:
Expertise in ERM in an international bank.
Managerial experience.
High numeracy
Broad knowledge of all core risk factors eg credit, market, operational, liquidity and business risks , rules and practices.
Detailed knowledge and experience of regulatory rules in the local environment including pronouncements and regulations specific to risk management
Meaningful experience working with relevant external third parties, e.g., regulators, rating agencies, external auditors, consulting firms.
Understanding of risk management and performance management methodologies including Basel II, Basel III rules and impacts and regulatory trends.
Sound knowledge of and/or experience with the different lines of business in the relevant geographical scope. Overall vision on the developments in the financial industry and ability to relate this to the relevant geographical scope.
Problem Solving:
This candidate must be visionary in outlook and yet pay attention to detail. The candidate must be an experienced team leader whilst at the same time being willing to roll up his sleeves and get involved in the detail (where relevant).
The candidate must be team-oriented, hard-working and able to concurrently manage a large number of diverse and often complex issues and/or projects. The individual must have the mental acuity to analyse complex sets of data and requirements and to determine appropriate actions and to be appropriately resolute about appropriate actions if challenged. The candidate will have the ability to motivate staff to perform at consistently higher levels through coaching leading by example. Project management skills are necessary for large, complex projects and an ability to delegate to others and drive accountability. Strong analytical skills and process orientation are necessary.
The ERCAO will have:
12-15 years experience of risk management with a strong banking background
Experience of team management and team building
Proven ability to strongly influence others at all levels, including Board members of Regulators
Very strong communication and relationship management skills
Proven ability to drive change
Thorough knowledge of Basel II regulation and regulatory capital requirements, as well as other legal and compliance requirements.
Good understanding of bank IT systems, management information, and reporting systems.
Nature Area of Impact:
The ERCAO will be part of the banks 2 nd Line of defence and will interact with the risk team about all aspects of risk exposure management in its broadest sense and the running of the department.
Interactions:
The ERCAO will have:
Superior communication and influencing skills in order to interact across EMEA Risk and with EMEA Executive Management and EMEA regulators
Sufficient experience and understanding of the lines of business supported to be a credible partner
Strong relationship management building skills for interaction across senior leadership
Primary Location: London, London, GB
Internal Jobcode: 50038
Job: Audit/Compliance/Risk
Organization:
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