Enterprise Risk Manager

Senior Enterprise Risk & Prudential Risk Officer - Banking

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 and 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 to the Head of Enterprise & Operational Risk.

The role holder will be responsible for assisting and overseeing the 1st line in the control of the Bank’s:

1. 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.
2. 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.
3. 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:

1. Design, implement and oversee the core risk management frameworks used throughout the Bank, across all risk types.
2. 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.
3. Support the embedding of the RCSA process, and implement controls testing as appropriate.
4. 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.
5. 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.
6. 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.
7. Provide advice and guidance to the 1st line to assist in the interpretation of regulatory requirements and management of prudential risk, as required.
8. 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.
9. Strengthen the firms internal risk incident reporting framework.
10. Ensure there is a robust suite of MI that facilitates and drives decision making on the remediation of identified risk and operational resilience weaknesses and vulnerabilities.
11. Work closely with business owners to ensure that the responsibility for the oversight of the performance of the IBS is prioritised.
12. Lead regular reviews of the 1st line of defence risk control framework design and operational effectiveness.
13. Present to relevant ExCo and Board committees (including Executive Risk Committee and Board Risk Committee) on relevant topics.
14. Where necessary, deputise for the Head of Enterprise & Operational Risk.
15. Work collaboratively with wider function leads to drive a positive culture of Risk.