Location:
London, LONDON, United Kingdom
Posted on:
Sep 23, 2022
Profile
Interactive Brokers (UK) Limited (IBUK) is seeking to recruit an experienced Risk Manager who will hold the role of SMF4 (CRO) with the FCA. This role is a second line of defence role within the IB Enterprise Risk Management Group and will report directly to the Group Chief Risk Officer.
The IBUK Head of Risk Management will be responsible for implementing the IB Group Enterprise Risk Management Framework (ERMF) in the UK business. This includes independently monitoring, overseeing, challenging, and providing guidance to the first line of defence IBUK team regarding its risk governance and management of financial and non-financial risk.
Key Responsibilities:
1. Own the implementation of the Group ERMF and policies across the UK business.
2. Perform ongoing oversight and monitoring to ensure compliance by IBUK with all elements of the risk management framework.
3. Own the Risk and Control Self Assessment Process (RCSA) for the UK entity.
4. Carry out regular Targeted Risk Assessments on key risk areas identified within the business.
5. Implement the requirements of the Group Outsourcing Framework in the UK business.
6. Produce regular reporting on key risk appetite metrics for Executive Management and Board.
7. Report and monitor the status of all risks against risk appetite limits and escalate any concerns to local management and the Group Chief Risk Officer as required.
8. Help drive the mitigation of key risks by identifying and recommending changes to policies and procedures, control enhancements, etc., as needed.
9. Maintain awareness of emerging risks and trends and raise awareness of such risks to the IBUK Board and Executive Risk Committees, and Senior Management.
10. Identify relevant UK-centric regulations, interpret relevant requirements, and disseminate these accordingly in the form of actionable requirements to IBUK areas.
11. Work with relevant business stakeholders to ensure implementation of all risk policies, standards, and procedures to achieve effective mitigation and treatment of risks.
12. Work closely with the Group Chief Risk Officer and regional CROs to drive the continued development of the risk management framework.
13. Author and own the content of all Risk Management and Governance components of the ICARA and collaborate with Finance on the overall document and Wind Down Plan.
Key Requirements, Skills, and Qualifications:
1. 10 years of experience in second line risk management in a Financial Services environment.
2. Experience in developing, applying, and maintaining risk frameworks, policies, and guidance.
3. The ability to develop and foster strong relationships with relevant business stakeholders.
4. Proven communication skills and the ability to work effectively with and influence stakeholders at all levels of an organisation.
5. Self-starter, driven, and detail-oriented.
6. Strong interpersonal skills and a team player.
7. Knowledge of Financial and Non-Financial Risk requirements and industry guidelines for risk management and mitigation within financial services.
8. Familiarity with the Internal Capital Adequacy & Risk Assessment (ICARA) including risk assessments and stress testing.
9. Detailed knowledge of Operational Risk & Resiliency Frameworks including Risk taxonomies, RCSA processes, Risk Registers, and Event analysis.
10. Experience working with Regulators on risk-related matters and/or previous SMF4 designation is highly preferred.
11. Professional or third-level qualification ideally in Risk, Compliance, Business, or Finance.
Location:
Heron Tower, 110 Bishopsgate, London, EC2N 5AY
9am – 6pm, Monday – Friday
Benefits:
Career support and development
Salary commensurate with experience
Performance-based discretionary cash bonus scheme
Discretionary stock grant
Group Life Assurance cover
Group Income Protection
Occupation pension scheme based on Gross earnings
Hybrid working model
Above statutory annual leave, increasing with service
Daily company-paid lunch and healthy snack options throughout the day (when working from the office)
Access to Private Medical Insurance, Dental Plan, and/or Health Cash Plan*
Corporate events
Travel season ticket loans
Cycle to work scheme
*on successful completion of the probation period
Company Overview:
Interactive Brokers LLC is a direct access electronic broker serving professionals, frequent traders, institutional investors, financial advisors, and introducing brokers. Our clients have access to more than 150 market centers around the world from a single integrated account. Our employees are part of a dynamic, multi-national, fast-paced, results-oriented team that has spent four decades focused on advanced technology and automation that equips our clients with a uniquely sophisticated platform to manage their investment portfolios.
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