Chief Risk Officer

Were extremely excited to bring you this exclusive position.

Our client, an International Bank based in the City of London, are looking to bring onboard a new Chief Risk Officer (CRO). This is a permanent position, with hybrid working.

The purpose of the Chief Risk Officer (CRO) is to provide strategic leadership and guidance in identifying, assessing, and managing risks across the organization, ensuring compliance with UK regulatory requirements such as those set forth by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and other relevant regulatory bodies, promoting a strong risk management culture, and safeguarding the organization's interests, reputation, and long-term sustainability within the specific legal and regulatory framework of the UK.

Key responsibilities of the role are summarised below.These may vary as the business strategy & operating environment of the firm, market conditions and/or priorities of the UK regulators change:

• Risk Management Strategy: Developing and implementing a comprehensive risk management strategy and associated framework that aligns with the organization's goals and objectives.
• Risk Identification and Assessment: Identifying and assessing potential risks across all areas of the organization, including credit, operational, financial, strategic, and regulatory risks.
• Risk & Control Monitoring: Establishing systems and controls to monitor and mitigate risks on an ongoing basis, including the implementation of self-assessment program, key risk indicators and metrics.
• Risk Mitigation: Developing and implementing risk mitigation strategies and controls to minimize the impact and likelihood of identified risks. This may involve recommending risk transfer mechanisms such as insurance, implementing risk avoidance or reduction measures, or establishing contingency plans.
• Compliance and Regulatory Requirements: Ensuring compliance with relevant laws, regulations, and industry standards. Keeping abreast of changes in the regulatory landscape and advising the organization on necessary actions to maintain compliance.
• Risk Reporting: Providing regular and ad hoc reports including prompt escalation to senior management and the board of directors, highlighting key risks, their potential impact, and proposed risk management strategies.
• Stakeholder Engagement: Collaborating with key stakeholders, including executives, board members, and external parties such as regulators and auditors, to communicate risk management initiatives and ensure a shared understanding of risks and mitigation efforts.
• Cybersecurity and IT Risk Management: Oversee and manage risks related to cybersecurity and IT systems to protect the organizations information assets and ensure operational resilience.
• Trade Finance Risk in Emerging Markets: Assess and manage risks associated with trade finance activities, particularly in emerging economies.
• Risk Culture and Awareness: Promoting a strong risk management culture within the organization by fostering awareness, understanding, and accountability for risk at all levels. Providing training and educational programs to enhance risk awareness and capability.
• Crisis Management and Business Continuity: Developing and maintaining a crisis management plan and business continuity strategy to address and mitigate risks during emergencies or disruptive events.
• Risk Governance: Participating in the risk governance structure of the organization, which may involve serving on risk committees, advising the board of directors on risk-related matters, and ensuring effective risk oversight.

Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.