A small overseas Banking firm, who are authorised by the PRA and regulated by the FCA/PRA, are looking to recruit a Chief Risk Officer to join their London based subsidiary.

The business is currently focused on Trade Finance, Treasury Operations, Commercial Lending, Structured Finance and Correspondence Banking. The institution has traded in the City of London for over 25 years, initially as a branch bank of its parent company and more recently, and from 2004 as a UK regulated Company.

Due to the rapidly expanding environment in the Company's home territory, the bank anticipates significant growth, which will entail the introduction of new products. While further development will result in an increase in market risk, credit risk is likely to remain the principal business risk. Areas of product expansion may include more sophisticated structured trade finance; syndicated credits; emerging market foreign exchange and bond dealing; bilateral and tri-party repo; and, interest rates & cross currency SWAPS.

In order to ensure that business and consequential risks are effectively managed during a period of significant change the Company has determined that a senior appointment be made to develop an independent risk management function. This function will have responsibility for credit, market and operational risks. The function will be responsible for developing, documenting and implementing the required risk management techniques and processes.

Key competencies:

• Significant banking business experience ideally gained within an SME Banking environment
• Strong experience and knowledge in structured commodity trade finance transactions
• Strong Country and Correspondent Banking knowledge and risk analysis
• General understanding of relevant products used in commercial lending, treasury operations, straight forward bond and equity underwriting and dealing and 'vanilla' derivatives
• Independence, ability to challenge, and persuasiveness
• Experience with ICAAP, ILAA and RRP
• Understanding of, and ability to apply, risk management techniques, including stress testing and scenario analysis in respect of credit risk (ratings, analysis and scoring and credit risk quantification), interest rate and foreign exchange risk (sensitivity measures and VaR), liquidity risk (forecasting and simulation), and operational risk (key risk indicators etc)
• Forward planning skills
• Strong analytical skills
• Well developed end-user computing skills
• Ability for diplomatic management of people & relationships
• Member of MANCO,ALCO, Credit Committee and Executive Committee
• Good communication skills with proven ability to communicate at senior management level.
• A self-starter possessing a positive and challenging attitude.