THE COMPANY:
Our client is a leading international bank based in the City. They are looking for a Risk Control Officer to join the team.
THE RESPONSIBILITIES:
* Support the Head and the Risk & ALM teams in the day-to-day management of risk, with particular focus on liquidity risk and ALM, but also other risk-related activities.
* Act as joint / assistant Secretariat for ALCO.
* Produce management information of liquidity risk for ALCO, Subsidiary Risk & Compliance (RCC) and Branch Risk Committee meetings.
* Assist the Department Head and the Liquidity Risk Team and join the respective inter-departmental working groups in the annual updates of the ILAAP and RRP for liquidity risk of the Subsidiary, as well as other UK regulatory compliance work.
* Propose and provide advice on liquidity risk management strategy, framework, policy and procedure, and assist in the annual updates of risk-related policy documents owned by Risk & ALM.
* Liquidity Risk Management: As a member of Liquidity Risk Team which directed by the Department Head, including but not limited to: -
1. Daily LCR/NSFR monitoring, weekly monthly and quarterly liquidity reports for various stakeholders, including Parent Bank and Senior Management. [Specifically: HO returns G21-G25);
2. Monitor the Bank’s liquidity position and buffer on a daily basis, conduct daily liquidity forecasting and perform ad hoc analyses;
3. Produce management information of liquidity risk for ALCO and Risk & Compliance Committee meetings.
* Internal liquidity risk stress testing, including regular review of the scenarios to ensure that they are relevant and up-to-date.
* Subsidiary only: assist Department Head in Recovery and Resolution Planning, including annual update of the Recovery Plan.
* Subsidiary only: participate in annual update of ILAAP/ICAAP and Pillar 3 Statement.
* Oversight of RFR upload process: assist Department Head in the daily RFR upload process.
* Other tasks as directed by the Head of Risk & ALM Department, including but not limited to ongoing streamlining and automation of processes, etc.
EXPERIENCE REQUIRED:
* Fully aware of industry trends and best practices, with a minimum of 3 years’ risk management experience with reputable banks / FIs (ideally smaller / foreign), with particular focus on liquidity risk and ALM.
* Full understanding, and correct interpretation of, regulatory regimes and requirements regarding liquidity risk (LCR/NSFR monitoring, etc.) and ALM, ideally through participation in ALCO, either as a member or attendee.
* Involvement in preparation of ILAAP and ideally also Pillar 3 and ICAAP.
For further information please contact Eleanor Gowling