Job Overview
The Head of Risk plays a pivotal role in ensuring the risk management framework is effectively implemented across the European entity. This involves leveraging Group tools to guarantee compliance with local regulatory requirements while supporting the group risk management function.
* Oversight of Risk Management Framework: The Head of Risk will be responsible for overseeing the risk management framework, ensuring it remains aligned with Group and local regulatory requirements.
* Governance and Reporting: Governance structures must be effective, with clear escalation processes and timely reporting to senior management and the Board.
* Risk Appetite Statement: Maintain, monitor, and embed the RAS to ensure business activities remain within defined risk tolerances.
* Risk Registers and Key Risk Indicators: Oversee the identification, tracking, and reporting of material risks and ensure KRIs are relevant and regularly reviewed in line with Risk Appetite.
* Risk and Control Self-Assessments (RCSAs): Coordinate and challenge business-led assessments to ensure robust identification of key risks and controls.
* Risk Assessments: Conduct and oversee periodic and ad-hoc risk assessments to identify vulnerabilities and emerging threats.
* Control Testing and Assurance: Design and execute risk-based testing programmes to validate the effectiveness of key controls.
* Wind-Down Planning: Support regulatory and Group requirements by maintaining credible wind-down and contingency planning frameworks.
* Business Continuity and Incident Management: Ensure plans are in place, tested, and effective to respond to operational disruptions and incidents.
Requirements
To succeed in this role, candidates should possess:
* Bachelor's Degree qualification.
* No less than 8 years' experience in risk management within financial services, with exposure to European regulatory environments.
* Ideal experience in a second-line risk role within a fintech, payments firm or retail financial institution.
* Knowledge of CBI requirements, Fitness & Probity regime, and EU regulatory frameworks including DORA, PSR, CPC, CJA, and EBA guidelines.