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Chief Risk Officer

  • Location: West London
  • Salary: £140,000 - £180,000
  • Job type: Permanent
  • Job reference: PH/169213
  • Sector: Banking, Banking
Job Description

I am supporting one of our clients on their search for a new CRO based in West London.

The role holder will establish and embed the Banks risk management strategy in alignment with its commercial objectives.

Salary on offer: £ 140,000 – £ 180,000

Key responsibilities will include:

  • Guiding the Business in the execution of their risk management responsibilities
  • Support strategic planning of the Board and Senior Management
  • Analyse and report on risk related trends and regulatory impact the Bank’s business
  • Provide challenge on, any business strategy outside the Bank's risk appetite Risk Assessment, Management and Control
  • Maintenance & review of a Risk Management Framework policies and procedures as required
  • Provide risk management oversight
  • Assess the Bank's systems and controls
  • Support improvement of systems, policies, processes and management tools as required
  • Ensure that the risk function is appropriately resourced
  • Review and challenge new products
  • Develop a Risk inventory and Risk register
  • Develop the ICAAP, ILAAP and RRP
  • Lead the response on regulatory queries relating to Risk Management upon request
  • Lead the Risk Control Self-Assessment (RCSA)
  • Ensure appropriate Risk data analysis
  • Review risk related models and methodologies to ensure appropriateness for the
  • Oversee Operational Risk Management Framework and RCSA’s results
  • Credit Limit approval according to credit risk policies
  • Monitor, control and escalate limit and policy breaches
  • Reporting and Communication with Senior Management & Board
  • Ensure accuracy and completeness of risk reports
  • Report to the Audit & Risk Committee and Board on risk exposures
  • Proactively communicate with regulators, in consultation with the CEO, in relation to the Bank’s risk and regulatory reporting
  • Escalate, where appropriate, key risk concerns directly to the Chairman of the Audit and Risk Committee
  • Communicate relevant risk issues to the Group CRO

Qualifications needed:

  • Minimum a Bachelor’s degree holder with preference for Master’s degree
  • Solid experience of UK regulatory risk management requirements plus extensive experience in risk management frameworks and implementation as per regulatory and best practice requirements obtained at a medium sized regional or local UK bank
  • Extensive experience of risk management, in particular credit risk and operational risk
  • Knowledge of banking products and direct experience of Corporate, Retail and Private Bank sectors
  • Process management skills to ensure an effective and efficient credit process
  • Experience of working in a developed market / multi country experience
  • Direct experience of the Corporate, Retail and Private Bank sectors
  • Arabic language a plus but not essential

Key personal requirements / Profile

  • Strong stakeholder management skills
  • Highly numerical and detail oriented
  • Able to identify, hire, retain, coach & motivate top risk talent
  • Team player with the ability to work within and promote cross-functional environment
  • Ability to multi-task and willingness to roll up his/her sleeves and get involved
  • Ability to work in a multicultural environment
  • Display patience

To find out more, please get in contact today.

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