Job Description

You are responsible for providing independent, effective and proportionate ‘second line’ assurance of prudential risk in order to protect the assets, reputation, and sustainability of the bank, and delivery of the related V2MOMs. Your role is to provide consistent, independent, and documented assessments of the effectiveness of prudential risk management, i.e. assurance that capital and liquidity is being managed effectively and in accordance with Regulatory expectations

Deliverables:

• Represent the ‘second line’ Risk function in ALCO and other internal committees to give independent input to key decisions and ensure compliance. Ensure that the ‘first line’ appropriately manages prudential risks including the identification, assessment, measurement, review, monitoring and reporting of risks and issues
• Review and assure key regulatory documents including ILAAP and ICAAP, including review of stress-testing
• Oversee adherence to internal policies and controls to ensure consistency with regulatory requirements, with particular reference to those relating to capital and liquidity.
• Oversee the design of risk appetite metrics for monitoring liquidity and capital and monitor their application. To include capital, liquidity, IRRBB, and basis risk.
• Support prudential regulation Horizon scanning and assist the ‘first line’ in its interpretation
• Oversee and assure the management of climate risk
• Oversee and assure the management of model risk and organize the Model Risk Management Committee
• Oversee and assure the management of provisioning, and organize the Reserve Adequacy Committee
• Also accountable for managing the respective portions of the overall Risk Management Framework and Risk Register
• Maintain the annual update of the Banks’ Recovery and Resolution Plans.

Required Knowledge, Skills, and Abilities

• Energy, pace, and strong work ethic.
• Able to effectively manage and priorities a substantial workload
• Commitment to excellence
• Ability to partner with stakeholders in different parts of the business (One Team)
• Strong analytical, numerical and problem-solving skills
• Analytical skills, able to analyze complex issues in a methodical and structured way with appropriate attention to detail. Ability to interpret regulatory documents
• Sound judgment to ensure that risk/compliance has a business focus and ensure the approach is always proportionate and pragmatic.
• Logical thinking, ability to get to the simplest answer as opposed to a convoluted one, and an approach to risk management which is proportionate (Challenge &Simplify)
• Confidence to be able to challenge the ‘first line’ business and to apply influencing skills, and to hold fast to risk principles and standards. To do so firmly but not aggressively to achieve a good, co-operative working relationship (Trusted Partner)
• In-depth knowledge of the technical aspects of risk management in the financial services sector in prudential risk and regulatory areas, gained within banks and/or the Regulators, and in particular the ICAAP and ILAAP frameworks
• Experience in prudential risk regulation specialisms (ILAAP, ICAAP)
• Experience in liquidity and capital reporting
• Knowledge of ALM models
• Knowledge of Credit models would be an advantage