Chief Risk Officer

Bdo; East Ham; On-site; GBP 140,000 - 190,000; Full time

Job summary

BDO is seeking an experienced Interim Chief Risk Officer to support a platform-based banking business through regulatory authorisation. The CRO will shape risk strategy, establish governance and risk frameworks, and lead critical interactions with PRA and FCA.

You will guide leadership on risk profile, capital and liquidity frameworks, and resilience through the authorisation journey. This role requires deep UK regulated banking risk expertise, strong governance experience, and the ability to

Qualifications

• Previous experience as CRO, Deputy CRO or equivalent senior risk leader in a UK regulated bank.
• Strong understanding of risk management requirements for regulated banks.
• Extensive PRA and FCA engagement experience.
• Proven ability to advise boards and executive teams.

Responsibilities

• Define and develop the bank's overall risk strategy and ERM framework.
• Establish risk taxonomy, appetite framework, policies, and governance.
• Assess risk from business model, operating model, customers, products.
• Advise leadership on appropriate risk profile for the future bank.
• Translate risk appetite into limits, controls, monitoring and MI.
• Establish risk governance, escalation and Board reporting.
• Provide senior risk leadership during authorisation process.
• Prepare for regulatory engagement with PRA and FCA.
• Address regulatory questions about business model, governance, resilience.
• Lead ICAAP and ILAAP development; ensure capital/liquidity alignment.
• Support transition to permanent CRO and risk function.

Skills

Senior risk leadership

PRA engagement

FCA engagement

Board advisory

Risk governance

Job description

We are seeking an experienced Interim Chief Risk Officer to support a platform-based banking business as it develops its regulated banking capability and progresses towards authorisation. The CRO will work closely with the leadership team to define the organisation's risk strategy and risk profile and establish the governance, frameworks and capabilities expected of a regulated bank. This is a strategic but hands-on role. The successful candidate will bring significant senior risk experience from within a regulated banking environment together with strong PRA and FCA engagement experience. They will be comfortable advising senior leadership and the Board while also taking ownership of developing and implementing the required risk frameworks., Risk strategy and framework

• Define and develop the bank's overall risk strategy and enterprise risk management framework
• Establish an appropriate risk taxonomy, risk appetite framework, policies, limits and supporting governance
• Assess the risk profile arising from the business model, operating model, customers, products and platform-based infrastructure
• Advise and constructively challenge leadership on the appropriate risk profile for the future bank
• Translate risk appetite into practical limits, controls, monitoring and management information
• Establish appropriate risk governance, escalation and Board reporting arrangements
• Provide senior risk leadership as the organisation progresses through the bank authorisation process
• Support the leadership team in preparing for regulatory engagement, meetings, reviews and challenge
• Act as a credible senior risk representative in interactions with the PRA and FCA as required
• Anticipate and help address regulatory questions relating to the business model, risk profile, governance and financial resilience
• Ensure the risk framework and associated documentation can demonstrate that the organisation understands and can effectively manage its material risks
• Lead or provide senior oversight of the development of the ICAAP
• Lead or provide senior oversight of the ILAAP and wider liquidity risk framework
• Ensure capital, liquidity and risk appetite are appropriately aligned to the business plan and financial forecasts
• Provide effective challenge over stress testing, scenarios, assumptions and management actions
• Support the development of appropriate capital and liquidity governance and monitoring
• Establish proportionate frameworks for the bank's key financial and non-financial risks
• Develop appropriate KRIs, risk reporting, management information and escalation thresholds
• Help establish an effective three lines model with clear responsibilities across Risk, Compliance, Finance, Operations and Technology
• Identify gaps against the required future-state risk environment and establish a prioritised roadmap to address these
• Support the design of the longer-term risk operating model including capability and resourcing requirements
• Support the transition to a permanent CRO and risk function as the organisation develops

• Previous experience as a CRO, Deputy CRO or equivalent senior risk leader within a UK regulated bank
• Strong understanding of the risk management requirements and expectations applying to regulated banks
• Significant experience of direct PRA and FCA engagement
• Strong enterprise risk management and risk governance experience
• Demonstrable experience of developing or materially enhancing risk appetite frameworks
• Strong ICAAP and ILAAP experience including stress testing, capital and liquidity risk
• Experience advising and constructively challenging Boards and executive leadership teams
• Experience presenting complex risk matters to Boards, Risk Committees and regulators
• Ability to translate a developing business model into a clear, proportionate and defensible risk profile
• Experience establishing or significantly developing risk frameworks rather than solely operating within established environments
• Sufficient breadth to provide effective challenge across financial and non-financial risks
• Strong written skills and experience producing Board and regulatory documentation