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Head of Financial Risk

We are helping a well-known UK wholesale bank, with a focus on emerging markets, look for a head of new Head of Financial risk. Reporting to the CRO, the role holder will provide second line oversight on the bank’s management of prudential risks; including capital, liquidity, market and interest rate risks. They will also support the bank’s compliance with prudential regulatory requirements and assessment of enterprise wide risks. The Bank’s Headquarters are in central London and at this level will require office attendance of between 3-4 days per week

Role Description

  • Support the CRO in providing second line oversight for the Group’s management of prudential risks; including capital, liquidity, market (fx and interest rate), strategic and model risks
  • Provide second line oversight of the Finance and Treasury functions. Undertake second line control reviews on prudential risk management and Treasury activities, including reviewing operational processes, reporting, stress testing, hedging strategies, etc
  • Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity market and model risks
  • Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions
  • Provide second line reporting to relevant governance committees on prudential risk matters. Standing attendee and active contributor at ALCO
  • Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, monitoring of KRIs, KPIs and EWIs
  • Review and oversee prudential risk regulatory reporting
  • Support the production of the Annual Report and Accounts and Pillar 3 disclosures
  • Undertake prudential regulatory horizon scanning, conduct impact assessments, engage stakeholders where required to drive regulatory change
  • Report and advise on new and emerging prudential regulation relevant to the bank. Advise business on the potential impact of changing prudential regulation
  • Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc
  • Support the Credit Risk team and the bank in performing analytics supporting the country risk framework
  • Responsible for Model Risk Management and Model Validation across the Group
  • Support the CRO regarding reporting and assessment of enterprise-wide risks

Role Requirements

  • Significant experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity
  • Must have experience dealing with Wholesale Banking products
  • Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents
  • An ability to analyse prudential risks, provide written assessments and understand appropriate risk controls
  • Have an ability to provide second line oversight and able to provide constructive challenge on capital, liquidity, market, strategic and model risks
  • Strong technical and analytical prudential and financial risk skills
  • Understand and able to interpret prudential regulation issued by the PRA relating to capital, liquidity, market risk and interest rate risk. Understand the PRA’s Supervisory Framework, and other regulatory regimes as applicable
  • Must have a detailed understanding of CRD/CRR regulation, and have an awareness and familiarity of Basel and EBA regulatory frameworks
  • Have a familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk
  • Model risk experience and ability to further develop the Group’s approach to Model Risk Management

Application for:

Head of Financial Risk

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