Role The role forms part of the 2nd line of defence risk management team that supports the CRO (SMF4) in the ongoing enhancement and oversight of the Bank’s risk management framework, with a particular focus on enterprise, prudential and operational risk. This role holder will have accountability for providing internal SME direction and support to the 1st line in their risk management and oversight of the principal risks within the Bank. They will also provide challenge undertake assurance work as part of the 2nd line of defence, to provide support to the CRO in assessing the effectiveness of the Bank’s overall risk management framework. The role holder will be a key member of the Risk Team, reporting into the Head of Enterprise & Operational Risk. Company At Birmingham Bank we exist to make impossible dreams become possible. Empowering people’s ambitious journeys. Through work. Through life. Born over 60 years ago to enable ironmongers to thrive, the Bank prides itself on being a collaborative and diverse workplace where staff are supported to bring their full selves to work. We offer hybrid working options, office space located in the heart of Birmingham and a range of benefits designed to allow you to operate at your best. Trustworthy, Ambitious and Dedicated are the values we live by and through which we support our customers ambitions. It’s been said in Birmingham, “they make useful things and make them well.” At Birmingham Bank we only do useful banking and always do banking well. Birmingham Bank - Better Banking, Made for You. Responsibilities Reporting to the Head of Enterprise & Operational Risk, the role holder will be responsible for assisting and overseeing 1st line in the control of the Bank’s: Enterprise risk management, helping to ensure all risks are identified, monitored, and suitably mitigated and contribute to the design and embedding of an effective risk framework, including policies, procedures and governance arrangements. Prudential risk management, helping to ensure that the Bank has adequate financial resources, including capital and liquidity, and assisting in completion and oversight of key regulatory documents including the ICAAP, ILAAP, Recovery Plan and Solvent Wind-down Plan. Operational risk management, helping to ensure that the risk of losses arising from the Bank’s operations are effectively managed and controlled. Key responsibilities include: Design, implement and oversee the core risk management frameworks used throughout the Bank, across all risk types. Identify, assess, monitor and report on all material prudential, operational and enterprise risks across the Bank. Provide support where required and robust challenge to the business to develop and strengthen risk management and controls. Support the embedding of the RCSA process, and implement controls testing as appropriate. Engage positively across the business to support the Bank to drive a strong culture of accountability and continuous improvement, ensuring that legal and regulatory requirements are met. Monitor all material risks in accordance with the Bank’s risk strategy and risk appetite, and identify and recommend improvements for the management of risks and the control environment. Assess the adequacy of the Bank’s financial resources, and compliance with regulatory minimum requirements. Review upcoming prudential risk requirements to ensure the Bank is well placed to meet them. Provide advice and guidance to the 1st line to assist in the interpretation of regulatory requirements and management of prudential risk, as required. Identify, develop and deploy appropriate operational risk management tools, techniques and strategies to ensure operational risk management across the Bank is value adding and contributes towards the overall strategy and performance of the business. Strengthen the firms internal risk incident reporting framework. Ensuring there is a robust suite of MI is delivered that facilitates and drives decision making on the remediation of identified risk and operational resilience weaknesses and vulnerabilities. Work closely with business owners to ensure that the responsibility for the oversight of the performance of the IBS is prioritised. Lead regular reviews of the 1st line of defence risk control framework design and operational effectiveness. Presenting to relevant ExCo and Board committees (including Executive Risk Committee and Board Risk Committee) on relevant topics. Where necessary, deputise for the Head of Enterprise & Operational Risk. Work collaboratively with wider function leads to drive a positive culture of Risk Management across the firm. Key Tasks Act as a key internal SME and support for the Risk Management Framework. Provide support and input on key regulatory documents (ICAAP, ILAAP RRP, Stress Testing Framework) and on key internal risk management policies including the Risk Appetite Statement. Develop and maintain relevant policies and standards to ensure that effective risk management is embedded into the Bank’s operating model. Support the CRO in maintaining and enhancing risk governance and oversight. Maintain an effective relationship with key stakeholders to improve risk mitigation and monitoring tools. Experience Minimum 5 years’ experience of working in a regulated environment, preferably Financial Services A proven Senior Leader able to evidence strong working knowledge of Enterprise Risk, Prudential Risk and Operational Risk management. Ability to work collaboratively and the gravitas to operate cross-function at all levels. Experience of a range of risk management control frameworks Superior written and verbal communication skills. Benefits - Pension employer contribution of 8% - Death in Service 4x salary - Private Health Care – sole cover - Holiday 26 days per year bank holidays - Gym passes (2 per week) - Employee Assistance Programme, including up to 6 counselling sessions per year - Corporate eyecare scheme (eye test voucher and money off prescription glasses if required solely for VDU) - Bike to work scheme