CRO / Head of Risk

www.topfinancialjobs.co.uk - Jobboard; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Chief Risk Officer to lead their risk management efforts in London. This role involves developing a robust risk management framework, ensuring compliance with regulatory requirements, and providing oversight to the first line of defense. The ideal candidate will have proven experience in risk management, strong leadership skills, and the ability to liaise effectively with regulators and stakeholders. Join a dynamic team in a collaborative environment where your expertise will drive risk management strategies and support the organization's growth.

Qualifications

• Proven experience in a senior risk management role.
• Strong leadership and communication skills.

Responsibilities

• Develop and maintain a comprehensive risk management framework.
• Provide oversight and challenge on risk appetite and decisions.
• Manage Risk Committee and Board Risk Committee activities.

Skills

Leadership Skills

Risk Management

Financial Regulatory Reporting

Stakeholder Management

Knowledge of Financial Products

Regulatory Compliance

Job description

Our client who is an SME Prime Brokerage firm is looking for a CRO (Chief Risk Officer) to join their business in London. They have lovely office in the heart of the city where the expectation would be in the offices four days a week.

Some key responsibilities but not limited to include the following:

• Developing and maintaining a robust and comprehensive risk management framework.
• Providing a constructive oversight and challenge to the first line of defence on risk appetite, challenging proposed decisions and providing direction where risks have the potential to exceed risk appetite.
• Regulatory requirements such as the ICARA and MIFIDPRU8 disclosures.
• Liaising with the relevant regulatory body on prudential risk matters.
• Supporting the wider risk education of the management group, sharing knowledge and promoting an open and collaborative attitude to Risk.
• Managing Risk Committee and Board Risk Committee with the purpose of overseeing the management of enterprise governance, risk and control activities at the company.
• Ensuring risk policies are appropriate to the business requirements as well as local regulatory risk requirements.
• Monthly KRI report and provide update to the Board and advising on risk management frameworks and on the assessment and measurement of risk.
• Monitoring control processes for operational risk, market risk and credit risk.
• Ensuring that control of legal, reputation, credit, market and operational risks are an integral part of the daily activities of the business units in UK.
• Representing the firm from a risk management perspective in meetings with external parties such as core suppliers and clients.
• Managing the risk staff and ensure optimal functioning of the employees and optimum performance of the activities.
• Participate in the new product approval process, including risk identification and control development as well as approval.

Key requirements needed to apply for this position.

• Proven experience as a Head of Risk Management Function and/or senior risk professional, along with strong Leadership skills.
• Demonstrable experience in dealing with Regulators and Board Committee.
• Proven track record in Financial Regulatory Reporting.
• Knowledge of broad range of financial product and mainly equities.
• Knowledge of risks related to main types of products and instruments (TRS, Options, Futures, Structure products).
• Understanding of regulatory requirements.
• Experience in working closely with the stakeholders and Regulators on risk matters, monitoring of market, liquidity and credit limit breaches.

Inventum is passionate about equity, diversity and inclusion. We seek individuals from the widest talent pool and encourage diverse and underrepresented talent to apply for vacancies with us. Inventum is committed to ensuring our recruitment processes are fair to all applicants, regardless of background and personal characteristics.

Inventum Group is acting as an Employment Agency in relation to this vacancy.