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Head of Risk & Compliance

Saxton Leigh

Greater London

On-site

GBP 140,000 - 150,000

Full time

30+ days ago

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Job summary

An established industry player is seeking a Head of Risk & Compliance to lead their risk management initiatives. This pivotal role involves establishing a robust risk management framework, ensuring compliance with regulatory standards, and fostering a culture of risk awareness across the organization. The ideal candidate will possess extensive experience in risk management within the financial services sector and a deep understanding of UK regulations. Join this dynamic team and play a key role in safeguarding the organization's interests while driving strategic growth and compliance.

Qualifications

Demonstrable experience in a similar Risk Management role within Financial Services.
Proven in-depth knowledge of Risk Management practices and UK regulations.

Responsibilities

Establish and maintain a comprehensive risk management framework.
Monitor credit, market, operational, and liquidity risks.
Develop and maintain Compliance culture within the Bank.

Skills

Risk Management

Regulatory Compliance

Financial Crime Prevention

Credit Risk Assessment

Operational Risk Management

Education

Risk Management Certification

Relevant Degree in Finance

This range is provided by Saxton Leigh. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

THE COMPANY:

Our client is a successful retail and corporate banking firm. They are looking for a Head of Risk & Compliance, candidates must have previously held either SMF 4/16 or 17.

THE RESPONSIBILITIES:

Establish, implement and maintain a comprehensive risk management framework and methodologies to cover all internal & external risks.
Prepare and update various risk related policies including but not limited to Risk Appetite Statement, Risk Management Framework, MRM policy, ORM policy, Whistle blowing policy etc.
Challenge and provide risk sign-off for other key policies from 2LOD standpoint.
Monitor credit, market, operational, liquidity and other risks in accordance with the Bank’s risk appetite and escalate any breaches/potential breaches.
Review credit proposals to ensure they meet the Bank’s risk acceptance criteria, are within the Bank’s approved risk appetite, and do not expose the Bank to hidden risks.
Review the PQI (Portfolio Quality Index) of the asset portfolio periodically and assess inherent credit risk in the portfolio.
Review and update formats for credit appraisals and conduct periodical review of sector / industry / country exposure of the asset portfolio, in conjunction with Credit teams.
Recommend industry and product exposure ceiling / limits for approval by respective committees, wherever applicable.
Independently review and challenge industry banding criteria and levels on a regular basis.
Develop, monitor and review the internal Credit Rating models to ensure these models are aligned with the market conditions and reflect credit risk properly.
Maintain the risk registers, ensure root cause analysis of risk incidents, and providing recommendations to management on risk mitigation actions.
Oversee the execution of the Bank’s Risk Control Self-Assessment, and continued enhancements of the Operational Risk Framework.
Review the Bank’s risk reporting and propose amendments where necessary in particular to address changes in regulatory requirements.
Facilitate escalation of any potential PRA regulatory breaches to the relevant fora i.e. Manco, Risk Management Committee.
Prepare and implement the approach to manage the climate related financial risks in terms of regulatory expectations.
To act as designated official under Whistle blower scheme.
Work with other departments to ensure compliance with risk standards and development of risk culture within the Bank including providing training and support to other departments where required.
Ensure that the bank keeps up to date with developments in risk management requirements.
Establish, implement and maintain processes and procedures to ensure that emerging and crystallised risks are identified and reported from all staff.
Manage the risk team on day to day basis.- Co-ordinate with internal audit and ensure that full testing and compliance with all risk management procedures is effective throughout the Bank and escalate if any issues arise in this regard.
Integrate risk management into all business decisions by ensuring effective risk identification and the creation of cost effective risk mitigations plans and controls by working closely with the business
Responsible for developing and maintaining Compliance culture within the Bank;
Create, review and update Compliance policies and procedures in line with regulatory guidelines;
Programme for Compliance Training and competency development;
Horizon Scanning and mapping of regulations with relevant business and operations;
Create, review and update of policies and procedures pertaining to Financial Crime areas including KYC, AML, Sanctions, ABC and Fraud;
MLRO Report covering Enterprise Wide Financial Crime Risk Assessment and oversight plan;
Developing a risk-based Compliance Monitoring Plan (CMP);
Implementation and review of CMP across departments and branches;
Follow up on action points emanating from Compliance Oversight Reviews;
Periodic reporting of KRIs and KPIs to Group Compliance

EXPERIENCE REQUIRED:

Candidates must have previously held either SMF 4/16 or 17.
Demonstrable experience in a similar Risk Management role within the Financial Services Sector.
Proven in-depth knowledge and experience of Risk Management practices and Regulations.
Currency on UK legislation specific to Risk Management.
Technically competent/qualified Risk Management professional.

For further information please contact Eleanor Gowling

Seniority level

Seniority level
Director

Employment type

Employment type
Full-time

Job function

Job function
Finance
Industries
Financial Services, Banking, and Investment Banking

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