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Senior Credit Risk Manager

Entry-level at Elliott James Consulting

Senior Credit Risk Manager

Entry-level at Elliott James Consulting

  • LocationLondon, UK
  • Position levelEntry-level
  • Job period iconFull-time employment
  • Application deadline iconPosted on 11 Sep, 2018
  • Start date iconStart date:
  • Visa iconVisa Sponsor
  • CompetitiveCompetitive

Job Title: Senior Risk Manager

Reports to: CEO, Risk Committee Chairman

Job Purpose: Perform and lead the risk management function in the 2nd Line of the business, ensuring all business risks, exposures and liabilities are fully identified, quantified and adequately mitigated or managed.

Main Duties:

• Implement all aspects of the 2nd Line risk function, including processes, tools and systems to identify, assess, measure, manage, monitor and report risks
• Development of, and manage processes to, identify and evaluate business areas' risks and risk control self-assessments
• Develop and mantain risk policies and procedures; the risk register; KRIs and the Risk Dashboard; the Risk Management Framework; Risk Appetite Statement and Risk Appetite Framework
• Liaise with the CFO, the Finance Director and other Board members for the production of stress tests, the ICAAP and ILAAP
• Chair the Credit Risk Committee
• Understand and manage market and operational risks
• Ongoing monitoring of the risk-taking activities and risk exposures to ensure they are in line with the Board-approved risk appetite, risk limits and corresponding capital or liquidity needs
• Formulate and articulate a coherent risk appetite infrastructure, including operating and financial models
• Develop, manage and refine qualitative and quantitative risk reporting (MI) which meets the needs of the Board, in order to support effective decision making
• Monitor the sophistication of the organisation’s risk management, compliance and internal control infrastructures to ensure it keeps pace with any changes to its risk profile (including its growth) and to the external risk landscape
• Exercise independent judgement to promote the success of the company
• Monitor the implementation of the security program’s risk and control framework and global IT risk strategy
• Identify emerging risks and act accordingly
• Communicate any risk issues in an expeditious manner to all concerned, removing or minimising any reputational risk or risk of negative outcomes for clients
• Ensure effective risk based controls and measures are implemented and regularly assessed to ensure that they are fit for purpose and conform to relevant regulatory requirements
• Embed a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework
• Influence and, when necessary, challenge material risk decisions • Represent Risk in key commercial, governance and regulatory meetings where appropriate, providing insight which helps drive commercial decisions and risk policy
• Establish and maintain key relationships across the organisation
• Under the Senior Manager Regime the Senior Risk Manager, will have responsibility for: (a) safeguarding the independence of; and (b) oversight of the performance of; the risk function in accordance with SYSC 7.1.21R and SYSC7.1.22R (Risk control).

Qualifications and experience:

• Minimum 5 years working within a risk function in finance or the banking industry or Professional Services. During this time a minimum of 2 years should be as a risk manager of a smaller organisation, or of a substantial section within a larger organisation. A minimum of 3 years should be also within the banking industry.
• Degree in Finance or related field
• Robust experience in credit risk management

Desirable skills:

• Ability to serve as a role model for high personal and corporate ethical values and standards of integrity
• Analytic skills
• Considerable knowledge and experience of best practice risk management and governance frameworks, methodologies, and emerging practice, in relation to the UK financial services context
• Understanding of the issues involved in running a business, including the key financial dynamics and drivers
• Leadership skills, including the ability to manage risk, compliance and control activities in a complex financial operation
• Ability to coach and train employees in spotting risk issues
• Skilled communicator with the ability to influence and motivate others
• Ability to exercise oversight over governance, risk, compliance and control arrangements in a complex financial operation
• Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution
• Knowledge and understanding of risk control arrangements
• Proven ability to oversee a number of risk types, ideally including credit, market, operational, investment, regulatory and strategic risk and specifically liquidity, refinancing, concentration and counterparty risk
• Knowledge of regulatory environment and key regulatory regimes

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