Our client is a premier provider of wealth and institutional services. Their parent company is a USA Bank that has opened a branch and is mid-way through the licence process with the PRA for a new banking entity in the UK. They are looking for an investments Risk expert to develop an appropriate Risk Appetite for the UK Branch.
Key accountabilities:
* Lead the development of comprehensive risk management frameworks that align with both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) requirements.
* Oversee the setting and management of risk exposures across the UK Branch.
* Oversee the management of risks and risk controls across the UK Branch within the parameters of the UK Branch risk management framework.
* Provide independent oversight and challenge of the effectiveness of processes for risk identification, assessment, mitigation, management, and reporting.
* Monitor business compliance with UK Branch policies and procedures and the effectiveness of risk identification and management.
* Provide oversight and challenge of Risk Management information, including scope, timeliness, and effectiveness.
* Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
* Monitor internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Qualifications and Experience:
* Minimum of 10 years’ risk management related experience (risk, compliance, legal, audit).
* Strong understanding of relevant products in commercial lending and treasury operations.
* Strong correspondent banking knowledge.
* Strong risk analysis knowledge.
* Working knowledge of Loan Agency and Structured Finance products.
* Comprehensive knowledge of applicable regulations and key regulatory regimes.
* Knowledge and experience of best practice risk management and governance frameworks, methodologies, and emerging practice in the UK financial services industry.
* Minimum 5 years’ managerial or supervisory experience.
* Previous experience of holding SMF4 would be an advantage.
If you are available immediately and have the relevant experience, please apply to this exciting opportunity.
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