Chief Risk Officer

Superb PA; Little London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A financial institution in Little London is seeking a Chief Risk Officer (CRO) to lead its Risk Management Framework, ensuring compliance with FCA and PRA expectations. The CRO will be responsible for overseeing the Board-approved Risk Appetite and reporting on key risk indicators. This senior management role requires strong leadership and an extensive understanding of risk governance. The ideal candidate should possess significant experience in risk management frameworks and regulatory compliance.

Qualifications

• Proven experience in risk management frameworks.
• Strong leadership and accountability skills.
• Excellent understanding of regulatory requirements.

Responsibilities

• Lead the Bank's Risk Management Framework.
• Oversee and report on risk governance and oversight.
• Engage with the Board and regulators on risk matters.

Job description

Overview

1b - main Objectives The Chief Risk Officer (CRO) is a Senior Management Function (SMF4) holder, accountable to the Board and the Board Risk Committee for leading the Banks Risk Management Framework and ensuring that both prudential and non-prudential risks are identified, assessed, managed, and reported in line with FCA and PRA expectations.

This senior leadership role carries overall accountability for delivering an enterprise-wide view of risk, ensuring that robust policies, procedures, and systems are in place to identify, measure, monitor, and control all material risks—financial and non-financial—while maintaining compliance with all applicable regulatory requirements.

As Chair of the Executive Risk Committee (ERC), the CRO oversees the Banks exposures against the Board-approved Risk Appetite, reporting on utilisation, limit breaches, tolerances, and key risk indicators. The CRO is independent of the first line of defense and works in close partnership with the CEO, Board, and regulators to safeguard the safety and soundness of the Bank. The CRO reports functionally to the CEO and maintains an independent reporting line to the Chair of the Board Risk Committee (BRC), safeguarding independence and ensuring direct assurance to the Board.

Under the SMCR, the CRO is directly accountable for ensuring the Risk Management Framework operates effectively across the three lines of defence, embedding a strong risk culture, and ensuring risks are appropriately identified, escalated, challenged, and remediated to protect the Bank's safety, soundness, and regulatory compliance.

Key Responsibilities

• Risk Governance & Framework
• Prudential Risk Oversight
• Non-Prudential Risk Oversight
• Board & Regulatory Engagement
• Leadership & Accountability
• Risk Strategy & Change Management
• Risk Assessment and Challenge
• Regulatory Accountability (SMF4)