Head of Enterprise Risk (Part-Time)

This Bank Ltd; Greater London; Hybrid; GBP 42,000 - 70,000; Part time

Benefits offered by this job

Private Medical Insurance

Flexible hybrid working

25 days holiday plus bank holidays

Work from anywhere up to 30 days/year

Group pension scheme

Job summary

This Bank Ltd is seeking a part-time Risk Manager to enhance and embed the Risk Management Framework and Risk Appetite Framework, supporting second line oversight of Strategic Risk. The role involves risk policy oversight, remediation governance, and effective reporting to senior management and Boards.

Ideal candidates will have strong risk management experience within UK regulated banking, with the ability to work in a flexible hybrid environment and manage multiple priorities in a fast-paced

Qualifications

• Proven enterprise risk management experience in UK retail banking.
• Strong knowledge of RMF/RAF and regulatory expectations.
• Ability to provide risk-based guidance to business stakeholders.

Responsibilities

• Maintain, embed and enhance RMF/RAF across the organisation.
• Design and oversee Emerging Risk processes.
• Provide risk training across the Bank.
• Oversee RMF remediation activities and regulatory actions.
• Assist CRO in second line oversight of Strategic Risk and asset acquisitions.
• Prepare MI and governance reports for senior leadership and the Board.
• Support Risk & Compliance projects as needed.
• Deliver a flexible hybrid work model and support a bank-wide risk culture.

Skills

ERM knowledge

Regulatory framework

Stakeholder advisory

3 Lines of Defence

Education

IRM Certificate

Tools

None

Job description

This is a part-time role working 3 days a week.
The role is going to be focused to enhance, implement, and embed the Risk Management Framework and Risk Appetite Framework, in addition to supporting the second line oversight of Strategic Risk. Responsibilities for ensuring a coherent and effective risk management approach is utilised across the Bank, including during oversight of asset acquisition or other strategic proposals. This includes overseeing remediation programs, addressing regulatory/external feedback.

Experience & Qualifications

• Proven experience in enterprise risk management within UK retail banking.
• Strong working knowledge of risk management frameworks and risk appetite setting, including strong understanding of regulatory expectation in these areas.
• Experience of providing practical, risk-based advice and guidance to business stakeholders, including in relation to new or emerging risks.
• Experience of reviewing and maintaining risk policies, procedures and control frameworks.
• Experience of conducting enterprise risk assessments, identifying control gaps and supporting actions through to resolution.
• Experience of preparing clear management information and reporting for senior management, governance committees and/or Boards.
• Experience of working effectively within a three lines of defence model.
• Strong written and verbal communication skills.
• Strong organisational skills, with the ability to manage competing priorities and work independently in a fast-paced environment.
• Experience with risk oversight of asset acquisitions and/or structuring transactions.
• Experience within a UK regulated bank or other FCA-regulated financial services firm.
• Experience with regulatory interactions or oversight of regulatory remediation programs.

Key Responsibilities

• Framework and Policy Oversight: Maintain, improve and embed across the organisation the Risk Management and Risk Appetite Frameworks (RMF/RAF).
• Design, implement and oversee an effective Emerging Risk process.
• Provide Bank-wide training on Enterprise Risk Management.
• Oversee to completion RMF remediation activities, including any actions from regulators and internal and external auditors.
• Complete 2nd line assurance activity as necessary to assess the embedment of the RMF and RAF.
• Support in the CRO in second line oversight of Strategic Risk, including business strategy, change risk, geopolitical risk and ESG.
• Support the CRO in risk assessment and advisory for Bank-wide strategic projects, such as asset acquisitions.
• Oversee, and assure the quality of, the end-to-end risk management cycle (Identification, Assessment, Management and Monitoring activities). Assist the CRO and Head of Compliance in compiling assurance plans.
• Prepare clear management information (MI) and governance reports for senior leadership, risk committees, and the Board where necessary.
• Provide broader support for the Risk & Compliance projects where needed.
• 25 days holiday (plus bank holidays), rising to 30 days with service
• Private Medical Insurance
• Work from anywhere in the world for up to 30 days per year
• Group Life Assurance (4x salary)
• Income Protection Scheme
• Pension scheme (6% employer contribution, subject to 4% employee contribution)
• Employee Assistance Programme
• Two paid volunteering days per year
• Flexible hybrid working
• Electric vehicle scheme
• Very competitive family friendly benefits such as enhanced maternity, paternity, adoption and special leave for life’s challenges along the way.