Job Title: Senior Risk Officer
Location: London (hybrid working)
Keywords: Risk Management, BCBS239, PERDARR, Data Risk, Data Risk Reporting, Data Compliance, Regulatory Compliance
Key Responsibilities:
The role of the Senior Risk Officer is to assist in ensuring that the UK Risk Department meets its objectives as detailed above, with a focus on Data Risk and Information Risk, as well as managing BCBS239 PERDARR implementation in the UK Bank.
The Senior Risk Officer has the following responsibilities:
Manage the BCBS239 PERDARR project and other associated change projects in the UK:
- Drive the execution and implementation of PERDARR in the UK to ensure BCBS239 regulatory compliance
- Contribute to improvements to Risk Reports in the UK Bank to drive Data Compliance including Data Capability (Governance, Data Quality, Data Lineage, Data Sourcing)
- Ensure alignment with the central departments such as the central PERDARR project team, the Data Governance & Compliance department
- Improve risk data through data projects such as the BCBS239 implementation in the UK Bank
- Share guidelines & templates to be used by relevant UK stakeholders such as the UK Data Steward
- Lead communication with relevant UK stakeholders to implement PERDARR
- Follow the centralised Data Governance processes as defined in the Data Risk Policy and its Standard, as well as the BCBS239 requirements / Principles
- Report on the progress of the BCBS239 implementation, and raise escalations and dependencies (whilst ensuring accountability is assigned to action owners), to the UK Project Committee and UK Entity Risk Committee.
Set Standards and Best Practices:
- Assist with ensuring risk policies set globally as well as locally are applied and adhered to
- Assist with in optimising systems and procedures to implement and monitor the adherence to the risk policies and appetite of the bank and other related procedures and guidelines
- Assist in ensuring that systems and procedures are effectively identifying, measuring, monitoring and controlling credit risk, as well as non-financial risks incurred by the bank
- Assist in evaluating risk management frameworks and the assessment and measurement of risk
- Assist with managing local risk processes to ensure an integrated approach, operational efficiency, effectiveness and the application of best practice
Monitor and assist with Management of the Risk Processes:
- Assist with ensuring the existence of independent risk management processes and discipline and consistency with risk standards, policy and appetite
- Assist with monitoring control processes for financial and non-financial risks.
- Assist in identifying risk control weaknesses, report them and require corrective actions as necessary
- Respond to or escalate recognised and potential risk issues to the appropriate persons as soon as they are discovered
Monitor and Assist with Managing Risk Exposure Across AAB UK and ABF UK:
- Analyse content of the (monthly) Risk and (quarterly) Enterprise Risk Management dashboards submitted by 1st and 2nd line risk owners
- Assist with the full embedment of the Risk Management Framework in the UK including all Operational Risk instruments
- Review and analyse Operational Risk Incidents reported to UK Risk and ensure they are captured within AGRC and reported to the UK Risk Committee
- Assist with Local and Entity Level Control Assessment requirements
- Participate in the preparation of a country-wide Risk Appetite Statement annually with quarterly reviews and updates as necessary and translate updates into the ERM reporting tool
- Facilitate the Change Risk Assessments process with the Change owners advising on Operational Risk issues and monitoring registration of evidence of mitigation to address risks registered during the assessment
- Coordinate 2nd line assessment of new products and product reviews
Representation, Networking, and Knowledge Transfer:
- Foster a transparent, risk conscious culture via the development and maintenance of a network of internal and external relationships
- Provide knowledge sharing sessions to UK Finance & Risk stakeholders about BCBS239
Requirements & Skills:
- Relevant degree /qualification
- Good experience in data management and/or Finance and Risk management Reporting such as BCBS 239
- Strong knowledge of data management best practices (e.g. DAMA)
- Experienced with regulations and regulatory requirements
- Experience within the banking industry
- Strong communicator with excellent stakeholder management
- Banker with proven track record within a risk function with a strong understanding of risk management methodologies for both financial and non-financial risks
- Very good understanding of risk management tools and the individual instruments within a Risk Management Framework
- Very good understanding of bank IT systems, management information, and reporting systems
- Very good working knowledge of Excel, Word, PowerPoint and other Microsoft Applications
- Ability to bring structure to data change projects to ensure regulatory compliance
- Proactive diligent nature with an attitude to identify and implement improved change solutions
Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let me know by emailing gscemeaedi @ resourcesolutions .com