Deputy Chief Risk Officer

Barclay Simpson; London; On-site; GBP 200,000 +; Full time

Job summary

A leading financial institution is seeking a Senior Director for its Risk Oversight Department. This senior role requires an experienced professional to oversee risk management practices, engage with senior leadership, and enhance the risk framework effectively. Ideal candidates will have a strong background in financial derivatives and risk management, alongside leadership experience.

Qualifications

• Extensive experience as a Market Risk Manager.
• Strong knowledge of financial markets and derivatives.
• Familiarity with the financial market infrastructure.

Responsibilities

• Support the Chief Risk Officer in strengthening the organization’s risk culture.
• Oversee the day-to-day monitoring of risks.
• Develop and maintain the risk management framework.

Skills

Risk Management

Financial Derivatives

Communication Skills

Relationship Building

Leadership

Education

Bachelor’s or Master’s degree in a numerical discipline

Job description

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We are seeking an experienced Senior Director for our Risk Oversight Department to assist the Chief Risk Officer in overseeing the organization’s risk management practices. This senior role provides exposure to executive leadership and offers a unique opportunity to influence the risk framework within a complex financial institution. You will leverage your expertise in financial derivatives, risk management, and operational risk assessments to drive organizational success.

Key Responsibilities:

• Support the Chief Risk Officer in strengthening the organisation’s risk culture.
• Ensure effective execution of risk management policies, procedures, and governance frameworks.
• Advise senior management on risk-related matters and help define the Risk Oversight Department’s strategy.
• Provide leadership on model validation, credit reviews, and operational risk assessments.
• Oversee the day-to-day monitoring of risks and represent the department to regulators and stakeholders.

Risk Identification, Management, and Reporting:

• Develop and maintain the risk management framework, including risk appetite statements and limits.
• Contribute to the creation and updates of relevant risk policies.
• Oversee the identification, quantification, and escalation of risks across the organization.
• Enhance risk monitoring and reporting, covering both financial and non-financial risks.
• Report and escalate risks to the Executive team, Board, and Governance Committees.

Risk Measurement and Analytics:

• Conduct qualitative and quantitative risk assessments, challenging first-line functions.
• Develop risk measurement methodologies and tools for monitoring and evaluating risks.

Regulatory Knowledge and Benchmarking:

• Stay informed on industry trends, best practices, and regulatory changes in risk management.
• Contribute to industry forums on risk management standards and regulations.

Key Skills and Experience:

• Bachelor’s or Master’s degree in a numerical discipline.
• Extensive experience as a Market Risk Manager with complimentary experience in another risk vertical.
• Strong knowledge of financial markets, derivatives, and risk management processes.
• Familiarity with the financial market infrastructure and regulatory environment.
• Strong verbal and written communication skills, able to engage senior management and stakeholders.
• Ability to challenge and provide constructive feedback to senior leadership.
• Proven ability to build relationships and influence at all levels.
• Commercial awareness and strategic thinking.
• Leadership experience and team guidance capabilities.

If you are passionate about risk management and want to make a significant impact within a leading financial institution, we encourage you to apply.

N.B. the role will be 5 days per week in the office.

We seek individuals from a diverse talent pool and encourage applicants from underrepresented groups to apply to our vacancies. Our commitment to fair recruitment processes means that we welcome applicants from all backgrounds, regardless of their lived experience or personal characteristics. We also invite applicants who meet most of the listed requirements, even if not all, to apply. If you require any adjustments to the application process, please let us know.

Barclay Simpson acts as an Employment Agency for permanent positions and an Employment Business for temporary/contract engagements.