Deputy Chief Risk Officer

Barclay Simpson; London; On-site; GBP 90,000 - 150,000

Job description

We are seeking an experienced Senior Director for our Risk Oversight Department to assist the Chief Risk Officer in overseeing the organization’s risk management practices. This senior role provides exposure to executive leadership and offers a unique opportunity to influence the risk framework within a complex financial institution. You will leverage your expertise in financial derivatives, risk management, and operational risk assessments to drive organizational success. Key Responsibilities: Risk Leadership:

• Support the Chief Risk Officer in strengthening the organisation’s risk culture.
• Ensure effective execution of risk management policies, procedures, and governance frameworks.
• Advise senior management on risk-related matters and help define the Risk Oversight Department’s strategy.
• Provide leadership on model validation, credit reviews, and operational risk assessments.
• Oversee the day-to-day monitoring of risks and represent the department to regulators and stakeholders.

Risk Identification, Management, and Reporting:

• Develop and maintain the risk management framework, including risk appetite statements and limits.
• Contribute to the creation and updates of relevant risk policies.
• Oversee the identification, quantification, and escalation of risks across the organization.
• Enhance risk monitoring and reporting, covering both financial and non-financial risks.
• Report and escalate risks to the Executive team, Board, and Governance Committees.

Risk Measurement and Analytics:

• Conduct qualitative and quantitative risk assessments, challenging first-line functions.
• Develop risk measurement methodologies and tools for monitoring and evaluating risks.

Regulatory Knowledge and Benchmarking:

• Stay informed on industry trends, best practices, and regulatory changes in risk management.
• Contribute to industry forums on risk management standards and regulations.

Key Skills and Experience:

• Bachelor's or Master’s degree in a numerical discipline.
• Extensive experience as a Market Risk Manager with complimentary experience in another risk vertical.
• Experience in margin model development/validation preferred.
• Strong knowledge of financial markets, derivatives, and risk management processes.
• Familiarity with the financial market infrastructure and regulatory environment.
• Strong verbal and written communication skills, able to engage senior management and stakeholders.
• Ability to challenge and provide constructive feedback to senior leadership.
• Proven ability to build relationships and influence at all levels.
• Commercial awareness and strategic thinking.
• Leadership experience and team guidance capabilities.

If you are passionate about risk management and want to make a significant impact within a leading financial institution, we encourage you to apply. N.B. the role will be 5 days per week in the office.