Head of Risk -Slough
Our client is a specialist provider of vehicle finance, rental, and insurance products and they are looking for a Head of Risk.
Job Overview:
As Head of Risk you are responsible for managing the Risk Function and you will work directly with the Group Head of Risk, Country Manager UK, Senior Management, and the Board in implementing and maintaining the risk management framework, fostering a culture of risk, while ensuring compliance with industry standards, regulations and internal policies and procedures.
Responsibilities for Head of Risk
- Develop, implement and maintain risk management strategies, policies, and procedures, appropriate for the automotive retail financing and automotive leasing business, to identify, monitor and report the risks to which the company is or might be exposed.
- Develop, implement and maintain the risk management frameworks in conjunction with local regulatory requirements, Group requirements and best practice.
- Monitor key risk indicators (KRIs) and performance metrics to proactively identify emerging risks, whilst escalating and reporting any deviations from established risk thresholds.
- Pro-active maintenance of the Company risk register by carrying out comprehensive risk assessments, identifying potential threats and vulnerabilities across various aspects of the business, including credit risk, market risk, operational risk, and financial risk.
- Implement and manage an annual risk-based risk monitoring program. Co-ordination of the completion of quarterly risk controls within the prescribed deadlines. Formulation and follow up of action plan with various department for any deficiencies identified during the controls testing process.
- Test the adequacy and effectiveness of first level controls performed by the business, identify areas of improvements and propose corrective actions, where necessary.
- Maintain an up-to-date business continuity plan (BCP) and co-ordinate BCP testing activity at least twice per year.
- Promote a positive risk culture which will be supported through the delivery of risk training and awareness programs.
- To assist with both internal and external fraud investigations where required.
- Regular reporting and communicating on risk management topics to Senior Management and the Board.
- Provide support to the business in all risk related matters including actively challenging the business.
- Such other duties as the Management may from time to time reasonably require.
KNOWLEDGE, EXPERIENCE, QUALIFICATIONS
- Bachelor's degree in finance, risk management, business administration, or a related field.
- Certified Risk Manager (CRM), Financial Risk Manager (FRM), or other relevant professional certifications is desirable.
- A minimum 10 years' experience in risk management or in a control function within the automotive finance industry or related financial services sector.
- Excellent analytical skills with the ability to interpret complex data and draw actionable insights.
- Demonstrated leadership abilities with a track record of driving change and influencing stakeholders at all levels of the organization.
- A highly organized individual with the ability to prioritise and meet deadlines and act on own initiative.
- Commitment to integrity, ethical conduct, and regulatory compliance.
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