Head of Business Risk (Resilience & 3rd Party Risk)

MERJE; Birmingham; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading banking institution is recruiting for the role of Head of Business Risk, focusing on resilience and 3rd party risk management. The role will involve leading the creation of the firm's first line of defence risk function and ensuring a comprehensive approach to risk management. Required skills include strong knowledge of risk management principles, excellent communication abilities, and leadership skills. The position offers a hybrid working policy, with 1-2 days a week in the office located in the West Midlands.

Qualifications

• Experience in resilience best practice and 3rd party risk.
• Experience in the financial services industry.
• Strong knowledge of risk management principles.
• Excellent communication and interpersonal skills.
• Strong leadership and management skills.

Responsibilities

• Lead the development and embedding of the Operational Resilience Framework.
• Manage the Bank's Operational Resilience Self-Assessment.
• Ensure assessment of impacts during change and product development.
• Own and regularly review the Bank's Business Continuity Plan.
• Manage the Bank's RCSA programme.
• Develop frameworks for managing risks from third-party suppliers.
• Implement 1st line risk reporting into risk committees.
• Manage operational risk topics escalated during ORC discussions.
• Enhance business risk standards to align with policies.
• Promote a strong risk culture across the Bank.

Skills

Resilience best practice

3rd party risk management

Risk management principles

Communication skills

Leadership skills

Teamwork

Education

Relevant degree or professional qualification

Job description

Head of Business Risk (Resilience & 3rd Party Risk)

Our client a leading banking institution are currently recruiting for the newly created role of Head of Business Risk (1LOD) with a focus on Resilience and 3rd Party Risk Management.

This is an instrumental role for the business where you will be responsible for the creation and embedding of the firm’s first line of defence risk function. As the Head of Business Risk, you will lead the company’s risk management program, ensuring that the company’s risks are identified, assessed, and managed effectively. The Head of Business Risk will deliver a comprehensive and cohesive approach to risk management covering areas such as risk and controls, operational resilience and business continuity and third-party risk management.

Responsibilities

• To lead the ongoing development, management and embedding of the Bank’s Operational Resilience Framework into all business areas providing training and support where appropriate.
• Responsible for the Bank’s Operational Resilience Self-Assessment, ensuring the ORSA contains accurate and timely information for upward reporting and approval to the Operational Risk Committee (ORC), Executive Committee (ExCo) and the Board Risk Committee (BRC).
• To ensure that, through the change and product development processes, any impacts on the Bank’s IBS and/or risks and control structures are assessed and assist the business in making the necessary changes.
• Ownership of the Bank’s Business Continuity Plan ensuring regular reviews are undertaken and the plan tested.
• To lead the ongoing management of the Bank’s RCSA programme ensuring all material risks are identified and proactively drive corrective actions resolution.
• To lead the development of frameworks to identify risk within the Bank’s third party suppliers and ensure the management of these suppliers meets the Bank’s and regulators’ expectations.
• To lead the ongoing development and implementation of 1st line risk reporting / MI into the risk committees and ExCo.
• Responsible for the ORC ensuring relevant topics are escalated and discussed to manage operational risk.
• Proactively drive, manage and enhance business risk standards ensuring alignment to the Bank’s policies.
• Actively promote the importance of a strong risk culture across the Bank.

Requirements

• Experience of resilience best practice and 3rd party risk.
• Experience in the financial services industry.
• Strong knowledge of risk management principles and practices.
• Excellent communication and interpersonal skills.
• Strong leadership and management skills.
• Ability to work independently and as part of a team.

Relevant degree or professional qualification

Relevant degree or professional qualification.

If you are a highly motivated and experienced risk management professional looking for a challenging role with a reputable financial institution, this could be the perfect opportunity for you.

Hybrid working policy is 1-2 days per week in the office located in the West Midlands.