Join to apply for the Chief Risk Officer role at Zempler Bank.
We are seeking an exceptional leader to provide strategic direction and independent oversight of our bank's enterprise risk management (ERM) framework. This role will ensure the effective management of our risk profile across credit, market, capital, liquidity, operational, legal/regulatory, business, and conduct risks. Additionally, you will embed a robust compliance culture at the heart of our business, fostering a "Treating Customers Fairly" ethos and ensuring adherence to regulatory obligations.
Key Accountabilities Include
1. Identifying, assessing, managing and reporting the conduct and prudential risks applicable to the bank to Executive Committee, Risk Committee and ultimately the Board.
2. Developing and monitoring the banks risk management framework that is responsive to the Bank’s business strategy and business appetite.
3. Supporting Zempler Bank corporate governance framework by defining and implementing processes, providing risk management information and ensuring attention to key risks within management discussions and strategic decisions.
4. Monitor first line risk activities ensuring consistent application of policies and standards in conduct of business, including all outsourcing arrangements.
5. Work in collaboration with the CFO, providing oversight on the Bank’s Internal Capital Adequacy Assessment Process (“ICAAP”), Internal Liquidity Adequacy Assessment Process (“ILAAP”) and Recovery Planning as required by the Bank’s regulator – the Prudential Regulation Authority.
6. Ensuring that the Bank’s risk enterprise management framework meets regulatory requirements.
7. Developing assessing and monitoring relevant risk policies and ensuring these are regularly reviewed, updated and enhanced.
8. Embedding horizon scanning for enterprise risk related regulatory changes and supporting 1st line in monitoring the implementation of changes (incl. training as required).
9. Monitoring that policies are applied consistently across the business.
10. Managing, maintaining and developing relationships with internal departments, regulators and all other related parties.
11. Maintenance and execution of a programme of risk assessments based on business as usual activities and when appropriate e.g. for introduction of new products, systems and other business change.
12. Developing and run an Enterprise risk management framework with relevant SMF owners facilitating the assessment process in managing KRIs each month, particularly highlighting cases where weaknesses are perceived in the design and/or operation individual controls.
13. Design and monitor framework for root cause review of business wide incidents including the assessment of controls and actions of lessons learnt and remedial activities being taken and inputted into the overall risk register by 1st line.
14. Effective management of the CRO budget, ensuring spend is in line with agreed business level.
15. Proactively reviewing compliance developments affecting Zempler Bank, providing pre-emptive business advisory and incorporating these into company policies and procedures.
16. To ensure the firm, key stakeholders, management and employees are aware of current regulatory requirements and of any forthcoming changes that may impact the business areas in which the Group operates. To support, coach, and develop management and employees to improve levels of understanding of regulatory and compliance issues.
17. To provide business focused solutions to compliance and risk issues.
18. To oversee compliance interaction with business function to ensure that all aspects of the customer journey and product/service offering are compliant with regulations.
19. To provide regular reporting to the Zempler Bank Board(s) including detailing, if any, areas of ongoing concern for the firm which, in the view of the role holder, are not adequately being addressed by the business. In exceptional circumstances, the role holder may provide further interim reports to Zempler Bank Audit Committee, Risk Committee and Board should they deem it necessary.
20. The role holder has direct accountability and reporting line to the Zempler Bank Board and at all times must operate independently from the commercial management of the individual businesses.
Governance Body Responsibilities
1. Member of the Executive Committee.
2. Chair of the Executive Risk Committee.
3. Attendee of the Risk Committee.
4. Attendee of the Audit Committee.
5. Attendee of Board.
6. Member of the Model Risk Oversight Committee.
Team and Direct Reports
Wider team size circa 11FTEs.
Knowledge and Experience Essential
1. Experience in the development and maintenance of risk management frameworks and standards.
2. Extensive knowledge of risk systems and controls that can deliver a robust level of monitoring and oversight to ensure the firm remains within its risk appetite.
3. Track record in ensuring the business is fully compliant with regulatory requirements.
4. Working knowledge of credit portfolio management and credit modelling with proven contribution to product and commercial business executives to ensure risk appetites are aligned to commercial outcomes.
5. Working knowledge and proven contribution/oversight to the ICAAP, ILAAP and RRP along with proven contributions to assist the CFO mitigate its capital and liquidity risks.
6. Working knowledge of Cyber and other technology risks and the impact to regulatory organisations along with proven contributions to help the CTO mitigate them.
7. Significant understanding of a compliance function in a financial services environment and experience at Board level.
8. Familiarity and established working relationship with the regulatory bodies, specifically the FCA / PRA.
9. Understanding of card associations.
10. Pragmatic and able to take a balanced view in consideration of competing commercial and compliance requirements.
11. Excellent knowledge of FCA and PRA and specifically prudential and conduct risk and compliance.
12. Proven experience in risk management and leading risk functions within a banking environment especially those that have operated as a 2nd line defence for risk control and mitigation.
13. Strong awareness and understanding of the wider business, economic and regulatory environment in Banking and Payments.
14. Ability to work effectively at an executive level with ability to create strong credibility and confidence, most specifically the Chair of the Risk Committee and the Board.
15. Promotes team spirit and solidarity and actively seeks cooperation, both inside and extending beyond the team itself to support others in planning their work.
16. Highly experienced to work in collaboration with the regulators, most specifically the PRA and FCA to ensure a positive relationship and to always ensure risk appetite of Zempler Bank is well informed and is accepted by the regulators.
17. Organises and brings his/her/their work wholly independently to a good conclusion and falls back on personal standards in the event of conflicts or obstacles.
Seniority level
Executive
Employment type
Full-time
Job function
General Business, Management, and Strategy/Planning
Industries
Banking and Financial Services
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