Head of Risk

LJ Recruitment; City Of London; On-site; GBP 125,000; Full time

Job summary

A leading bank in London seeks a Head of Risk to oversee risk management practices. The role entails developing comprehensive risk frameworks, ensuring compliance with regulations, and fostering a strong risk culture. Ideal candidates will have significant experience in Risk Management within financial services and proven leadership abilities.

Qualifications

• Extensive experience in a senior Risk Management role within the financial services sector.
• In-depth knowledge of Risk Management frameworks and regulatory requirements.
• Proven leadership and people management experience.

Responsibilities

• Lead development and maintenance of risk management framework.
• Monitor credit, market, operational, liquidity, and other risks.
• Develop and promote a strong risk culture across the organisation.

Skills

Analytical skills

Critical thinking

Problem-solving skills

Leadership

Communication skills

Interpersonal skills

Education

Recognised degree or professional qualification in a relevant field

Job description

Job Title: Head of Risk

Location: London

Salary: £125,000 per annum

Overview

An exciting opportunity has arisen for an experienced Risk professional to join a well-established Bank based in London. The successful candidate will play a crucial leadership role in overseeing the Risk function, ensuring robust risk management practices are embedded across the business, and providing strategic oversight to all risk-related matters.

Key Responsibilities

1. Lead the development, implementation, and maintenance of a comprehensive risk management framework covering all internal and external risks.
2. Review, update, and maintain risk-related policies and procedures in line with regulatory requirements and best practices.
3. Monitor credit, market, operational, liquidity, and other risks, escalating potential breaches as required.
4. Review credit proposals, internal credit rating models, and portfolio risk to ensure alignment with risk appetite.
5. Oversee operational risk management processes, including risk registers, incident management, and risk control self-assessments.
6. Supervise market risk activities, including daily reporting, breach monitoring, and limit management.
7. Ensure regulatory compliance by reviewing risk reporting and adapting practices to meet evolving regulatory expectations.
8. Develop and promote a strong risk culture across the organisation, providing training and support to staff where needed.
9. Manage and develop a high-performing Risk team, ensuring effective succession planning, coaching, and skills development.
10. Collaborate with internal stakeholders, senior management, and regulatory bodies to ensure risk management remains aligned with business objectives.

Skills & Experience Required

• Extensive experience in a senior Risk Management role within the financial services sector.
• In-depth knowledge of Risk Management frameworks, regulatory requirements, and best practices.
• Sound understanding of UK regulatory landscape specific to risk management.
• Strong analytical, critical thinking, and problem-solving skills.
• Proven leadership and people management experience, with the ability to influence at all levels.
• Excellent communication and interpersonal skills.
• Ability to work strategically while maintaining a hands-on approach.
• Recognised degree or professional qualification in a relevant field.

If you are a motivated Risk professional seeking your next leadership challenge in London, we encourage you to apply.