Head of Risk Oversight

hkex; Greater London; On-site; GBP 180,000 - 240,000; Full time

Job summary

HKEX in London seeks a Head of Risk Oversight to lead the Group Risk Management function, reporting to the Chief Risk Officer, with a matrix reporting line to the CRO LMEC and LME. The role drives delivery of risk management strategy, enhances second-line oversight, and ensures continuity of support across LMEC and LME Clear.

Responsibilities include turning priorities into practical delivery plans, establishing clear team accountabilities, and delivering measurable improvements in risk

Responsibilities

• Lead team planning, prioritisation, workflow management and quality control, ensuring outputs are clear, consistent, accurate and suitable for senior management, Board and regulatory scrutiny.
• Support team development, resource planning and capability uplift, including recruitment, performance input, coaching and the development of stronger second-line judgement and challenge capability.
• Own and maintain risk oversight standards, risk appetite, risk taxonomy and associated risk policies, ensuring they remain fit for purpose and aligned to regulatory expectations.
• Lead the review and approval cycle for risk standards, policies and appetite statements, coordinating input from the LMEC and LME Chief Risk Officers, Group Risk Management, senior stakeholders and first-line functions.
• Drive consistent application of risk appetite, risk standards and escalation expectations across LME and LME Clear, including the use of clear tolerances, escalation triggers, KRIs and risk-based decision-making.
• Own the production and continuous improvement of risk reporting for senior management, executive committees, Board committees and regulators, ensuring outputs are clear, accurate, timely and action-oriented.
• Lead the development of risk MI, dashboards and risk intelligence to provide forward-looking insight on the Group's risk profile, emerging risks, control issues and risk appetite performance.
• Ensure material risk issues are escalated promptly to the CROs and relevant senior stakeholders, with clear analysis of impact, ownership, response and decision requirements.
• Maintain and improve the design and operation of risk governance arrangements, including committee structures, terms of reference, agendas, decision records, action tracking and escalation routes.
• Ensure CROs and senior stakeholders are effectively briefed ahead of key governance forums and that outputs meet the required standard for senior management, Board and regulatory scrutiny.
• Strengthen the quality and consistency of risk governance artefacts, including papers, minutes, actions, decisions and follow-up reporting.
• Provide guidance, support and effective second-line challenge to first-line business and support functions on the identification, assessment, management and escalation of material risks, with particular focus on non-financial, resilience, technology and change risk.
• Work with the first line and senior stakeholders to ensure risk management practices are applied consistently and that ownership of risk and controls is embedded effectively.
• Support change risk management and major programme oversight by ensuring material risks, dependencies, controls and delivery issues are identified, assessed and escalated appropriately.

Job description

Head of Risk Oversight

Shift Pattern:

Standard 40 Hour Week (United Kingdom)

Scheduled Weekly Hours:

40

Corporate Grade:

B - Senior Vice President

Reporting Line:

(UK Division) Risk - 2nd Line

Location:

UK-London

Worker Type:

Permanent Overall Purpose of Role

The Head of Risk Oversight is a senior leadership role within Group Risk Management, reporting to the Chief Risk Officer, LMEC, with a matrix reporting line to the Chief Risk Officer, LME. The role supports the CROs by managing the Group Risk Management team day to day, driving delivery of the CROs risk management strategy, improving the quality and consistency of second-line oversight, and providing continuity of support across LMEC and LME.

The role is responsible for turning agreed priorities into practical delivery plans, clear team accountabilities and measurable improvements in the way risk oversight, resilience, governance, reporting and management information operate across LME and LME Clear.

The role will ensure that Group Risk Management operates as an effective second line of defence, providing consistent standards, credible challenge, timely escalation and decision-useful risk insight to senior management, Board committees and regulators. It will place particular emphasis on enterprise-wide risk oversight, non-financial risk, operational resilience, technology risk and change risk.

The Head of Risk Oversight will support the LMEC and LME Chief Risk Officers as required in governance forums. The role provides continuity, execution discipline and senior support to the CROs so that the function remains focused on agreed priorities and measurable improvement. This role will deputise for the respective CRO's when required in key governance forums.

Responsibilities

Functional Leadership and Delivery

• Support the CROs by managing the Group Risk Management team day to day and ensuring activity is focused on agreed priorities.
• Translate the CRO strategy into clear plans, delivery milestones, team accountabilities and measurable outcomes, ensuring progress is tracked and delivery issues are escalated early.
• Lead team planning, prioritisation, workflow management and quality control, ensuring outputs are clear, consistent, accurate and suitable for senior management, Board and regulatory scrutiny.
• Support team development, resource planning and capability uplift, including recruitment, performance input, coaching and the development of stronger second-line judgement and challenge capability.

Risk Standards, Appetite and Oversight

• Own and maintain risk oversight standards, risk appetite, risk taxonomy and associated risk policies, ensuring they remain fit for purpose and aligned to regulatory expectations.
• Lead the review and approval cycle for risk standards, policies and appetite statements, coordinating input from the LMEC and LME Chief Risk Officers, Group Risk Management, senior stakeholders and first-line functions.
• Drive consistent application of risk appetite, risk standards and escalation expectations across LME and LME Clear, including the use of clear tolerances, escalation triggers, KRIs and risk-based decision-making.

Risk Reporting, MI and Insight

• Own the production and continuous improvement of risk reporting for senior management, executive committees, Board committees and regulators, ensuring outputs are clear, accurate, timely and action-oriented.
• Lead the development of risk MI, dashboards and risk intelligence to provide forward-looking insight on the Group's risk profile, emerging risks, control issues and risk appetite performance.
• Ensure material risk issues are escalated promptly to the CROs and relevant senior stakeholders, with clear analysis of impact, ownership, response and decision requirements.

Risk Governance and Committee Effectiveness

• Maintain and improve the design and operation of risk governance arrangements, including committee structures, terms of reference, agendas, decision records, action tracking and escalation routes.
• Ensure CROs and senior stakeholders are effectively briefed ahead of key governance forums and that outputs meet the required standard for senior management, Board and regulatory scrutiny.
• Strengthen the quality and consistency of risk governance artefacts, including papers, minutes, actions, decisions and follow-up reporting.

Second Line Challenge and Business Engagement

• Provide guidance, support and effective second-line challenge to first-line business and support functions on the identification, assessment, management and escalation of material risks, with particular focus on non-financial, resilience, technology and change risk.
• Work with the first line and senior stakeholders to ensure risk management practices are applied consistently and that ownership of risk and controls is embedded effectively.
• Support change risk management and major programme oversight by ensuring material risks, dependencies, controls and delivery issues are identified, assessed and escalated appropriately.