Enterprise Risk Manager
Intercontinental Exchange London, United Kingdom Apply now Posted 1 day ago Hybrid Job Permanent Competitive
Job Title: Risk Manager
The Risk Oversight Department of ICE Clear Europe (ICEU) is the independent, second line of defence risk function that develops and manages the framework for identifying, assessing and reporting risks, and performs independent model validation. The department comprises an Enterprise Risk Management team, Model Risk Management team, Credit risk team, and a Regulation and Data Governance team and covers all risks faced by the clearing house, including model risk, conditional market risk, credit, liquidity, investment and operational risks.
JOB PURPOSE
The Risk Manager is part of the Risk Oversight Department within the second line of defence with specific responsibilities within ICEU. The candidate will be a key part of the team executing ICEU's risk framework, covering all the risks faced by the clearing house, working closely with all business lines and providing analysis and information directly to the senior management team and Board. The responsibilities include; oversight of the day-to-day financial and enterprise and non-financial risk activities.
The second line of defence risk function provides the framework for identifying, assessing and ensuring appropriate transparency across the Enterprise Risk Register.
RESPONSIBILITIES
Risk identification, management, monitoring, reporting:
Assist in the management of ICEU's risk appetite framework, or specific aspects of it, including setting of risk appetite statements and limits in relation to clearing house Market, Liquidity, Credit and Operational Risks.
Risk identification on an ongoing basis, including providing views on new risks.
Assisting 1LOD in completing risk register assessments, inclusive of review and challenge.
Assisting 1LOD in maintaining the control inventory, inclusive of review, challenge and independent monitoring.
Reviewing and challenging the first line functions in their incident investigations
Providing input to relevant policies and procedures, including challenge to the policies of the first line functions relating to risk
Providing any ad hoc support or assistance to other roles across the Risk Oversight Department as deemed necessary by managers
Risk measurement methodologies, analytics and models:
Performing any necessary qualitative or quantitative assessment of risk as challenge to the regular risk measurement and assessment responsibility of the first line functions.
Identification, development and implementation of new risk metrics and risk reporting
Supporting the provision of regular review and challenge to first line risk management, escalating any major risks and concerns in a timely manner.
Risk reporting and communications:
Maintaining industry awareness, best practice insight and regulatory knowledge with regards to risk management.
Oversight of production of daily and periodic risk reports/dashboards to Executive Management and Board Committees pertaining to Clearing house risks.
KNOWLEDGE AND EXPERIENCE
Bachelor's, Master's or other advanced degree in finance or quantitative related discipline
Experience in financial services risk management or another assurance or analytical role
Broad understanding of all risk types, with specific experience of financial risk or enterprise risk / non-financial risk frameworks valuable
Broad understanding of market risk measurement; VaR, stress testing, sensitivity analysis.
Knowledge of the financial markets, financial market infrastructure and regulatory environment
Confidence and ability to question / provide challenge to members of the first line risk function if required
Maturity and self-awareness, ability to listen actively, to build strong relationships and influence at all levels and to create a demand for your expertise
Credibility and communication skills to deal with senior management and business heads
Strong commercial awareness
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