Accessibility Links

Risk Manager

  • Location: London
  • Salary: £65000 - £90000 per annum
  • Job type: Permanent
  • Ref: RMIB1
  • Recruiter: Anthony Dudley
This vacancy has now expired.

Our client, an international bank in the city are looking for a risk manager to head up their risk function.

This function shall be responsible for overseeing risk-taking activities across the enterprise. As an independent risk management function, the Risk Manager should oversee the Bank's risk management activities. Key activities of the risk management function should include:

  • identifying material individual, aggregate and emerging risks;
  • assessing these risks and measuring the bank's exposure to them;
  • supporting the Board in its implementation, review and approval of the Risk Governance framework which includes the bank's risk culture, risk appetite, Risk Assessment and risk limits;
  • ongoing monitoring of the Bank's activities and risk exposures to ensure they are in line with the Board-approved risk appetite, risk limits and corresponding capital or liquidity needs (ie capital planning);
  • establishing and monitoring an early warning or trigger system for breaches of the bank's risk appetite or limits;
  • influencing and, when necessary, challenging material risk decisions; and
  • reporting to senior management and the Board or Risk & Compliance Committee, as appropriate, on all these items, including but not limited to proposing appropriate risk-mitigating actions.

Broad Areas:

  • Overall Risk Management Framework & Risk Appetite of the Bank
  • Credit Risk - counterparty, Exposure limits, Country risk, Internal Cr Rating;
  • Market Risk- FX, Money Market, Fixed Income (Bonds), Investment Portfolio;
  • Liquidity Risk- Regulatory Stress Scenarios, LCR, including AL mismatches;
  • Operational Risk- Risk of Systems and Processes, people, Individual departments under RCSA ( Risk Control Self-Assessment) including Operational resilience
  • Cyber Security Risk ) including Cyber resilience
  • Regulatory -ICAAP & ILAAP, Monitoring of Capital, Liquidity and other threshold conditions,
  • Conduct Risk and enterprise risk;
  • Mid office function: monitoring the risks.
  • Secretary Risk & Compliance Committee of the Board;

Area of Responsibility:

  • Dynamic Risk Management along with approved Risk Management Frame Work and Risk Appetite including ICAAP, ILAAP and RRP.
  • Review of weekly, monthly, quarterly reports, MI risk dashboard to management /RCC.
  • Monitor maintain and update the Risk register and manage the incident register, its analysis and learning so that the similar incident does not recur ,
  • Regular monitoring of various portfolios of assets including investments vis a vis the market , credit , concentration and other relevant risks,
  • Monitor and manage the liquidity risk, ensure liquidity is adequate as per the ILG provided to the bank
  • Articulate and disseminate key risk issues with relevant recommendations for risk mitigation to the departments.
  • Develop and implement robust credit risk management systems, procedures and controls with the objective of identifying, measuring, monitoring and mitigating the key credit risks facing the Bank.
  • Monitoring adherence to various credit risk appetite limits both internal and prudential caps such as large exposures limit, counterparty exposures limit, country exposures limit, and sectoral limits, risk rating wise limits, secured and unsecured exposures etc.
  • The Mid Office functions which monitors the activities of the Bank's Treasury (including operational, market and credit risk functions)
  • Regular MIS- presentation of portfolio analysis to the management highlighting portfolio distribution across rating, product, sector, country, top exposures, irregular & overdue cases and unhedged exposures.
  • Strive to incorporate risk management capabilities using best practices followed in the industry and regular training to staff members.
  • Involvement with project specific assignments as may be required from time to time.
  • Setting up of stress testing framework to stress test Bank's credit portfolio.
  • Annual review of Bank's ICAAP, ILAAP and Recovery& Resolution Plan.
  • Attending to queries from internal and external auditors.
  • Risk appraisal of business proposals as per Credit/Market/Operations perspective by participating in Credit approval committees as a mandatory member.
  • Assist other departments in the preparation and review of Policy and Procedure documents with emphasis on the Risks associated with their business.
Related Jobs
Related Articles
Recently Viewed Jobs