Our client who is an SME Prime Brokerage firm is looking for a CRO (Chief Risk Officer) to join their business in London. They have a lovely office in the heart of the city where the expectation would be in the office four days a week.
Some key responsibilities but not limited to include the following:
1. Developing and maintaining a robust and comprehensive risk management framework.
2. Providing constructive oversight and challenge to the first line of defence on risk appetite, challenging proposed decisions and providing direction where risks have the potential to exceed risk appetite.
3. Managing regulatory requirements such as the ICARA and MIFIDPRU8 disclosures.
4. Liaising with the relevant regulatory body on prudential risk matters.
5. Supporting the wider risk education of the management group, sharing knowledge and promoting an open and collaborative attitude to Risk.
6. Managing the Risk Committee and Board Risk Committee with the purpose of overseeing the management of enterprise governance, risk and control activities at the company.
7. Ensuring risk policies are appropriate to the business requirements as well as local regulatory risk requirements.
8. Preparing monthly KRI reports and providing updates to the Board while advising on risk management frameworks and on the assessment and measurement of risk.
9. Monitoring control processes for operational risk, market risk, and credit risk.
10. Ensuring that the control of legal, reputation, credit, market, and operational risks are an integral part of the daily activities of the business units in the UK.
11. Representing the firm from a risk management perspective in meetings with external parties such as core suppliers and clients.
12. Managing the risk staff and ensuring optimal functioning of the employees and performance of the activities.
13. Participating in the new product approval process, including risk identification and control development as well as approval.
Key requirements needed to apply for this position:
1. Proven experience as a Head of Risk Management Function and/or senior risk professional, along with strong leadership skills.
2. Demonstrable experience in dealing with Regulators and Board Committees.
3. Proven track record in Financial Regulatory Reporting.
4. Knowledge of a broad range of financial products, mainly equities.
5. Knowledge of risks related to main types of products and instruments (TRS, Options, Futures, Structured products).
6. Understanding of regulatory requirements.
7. Experience in working closely with stakeholders and Regulators on risk matters, monitoring market, liquidity, and credit limit breaches.
Inventum is passionate about equity, diversity, and inclusion. We seek individuals from the widest talent pool and encourage diverse and underrepresented talent to apply for vacancies with us. Inventum is committed to ensuring our recruitment processes are fair to all applicants, regardless of background and personal characteristics.
Inventum Group is acting as an Employment Agency in relation to this vacancy.
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