Chief Risk Officer (CRO) SMF4 Company: International Bank (London) Reports to: Chief Executive Officer (CEO) [Functional reporting to Board Risk Management Committee] JOB PURPOSE Lead the Bank's UK Risk Department and oversight of bank-wide risk management i.e. strategy as well as execution through policy and monitoring for credit, counter-party, market, liquidity, operational, conduct and regulatory risk. TEAM STRUCTURE Direct reports:4 Total team size:8 KEY ACCOUNTABILITIES Job Description Play a key role in developing the risk appetite and the Risk Management framework. The role will allow unfettered access to any part of the business capable of having an impact on the Bank's risk profile and reports to the Bank's governing body on the Bank's risk exposures relative to its risk appetite and tolerance, and the extent to which risks inherent in any proposed business strategy and plans are consistent with the governing body's risk appetite and tolerance. The CRO will also alert the Bank's governing body to and provide challenge on, any business strategy or plans that exceed the Bank's risk appetite and tolerance. Have the strategic as well as the day-to-day ownership of the Risk function which would include: Identifying and implementing Credit, Market, Liquidity and Operational risk policies and practices and ensure that they meet the requirements and standards of all regulatory requirements. Ensuring that the data used by the Bank to assess its risks are fit for the purpose in terms of quality, quantity and breadth. Ensuring appropriate measurement, evaluation, reporting and governance exist for the risk-taking activities and portfolios. Assisting in developing risk mitigation and monitoring strategies for the Bank's critical risks. Be fully independent of individual business units. Performing business, financial and operational risk analysis that could impact top-line and bottom- line results and support senior management in decision making. Providing oversight and challenge of the Bank's systems and controls in respect of Risk Management. Provide oversight and validation of the Bank's external reporting of risk. Ensuring that the Bank is in substantial compliance with its internal operating policies and procedures and any external legal, regulatory and contractual requirements. Ensuring the adequacy of risk information, risk analysis and risk training provided to members of the Bank's governing body. Establishing strong working relationship with Audit and other external constituents and partner with the business development team to ensure strategic vision of the Bank is developed with consideration for the risks involved and hence proactively manage the risks. Monitor, evaluate and challenge the Bank's success in managing its risks. Implement appropriate risk reporting procedure to the CEO and the Risk Management Committee. Other projects/assignments as assigned from time to time by the CEO. Credit Risk Governance Function Exercise prudent judgement when using delegated lending authority as given by the Board. Approve credit proposals within the delegated lending authority and ensure that exposures are managed within the defined Credit Risk Appetite. Ensure that the Credit Approval Unit, Credit Admin Department and Remedial Asset Management are functioning as per Credit Risk Governance Structure. Ensure that MIS and Early Warning Indicators (EWI) are robust enough to provide effectively and timely information to Senior Management. Review results of the stress testing of the credit and investment portfolio. Periodical review of the Bank's Credit policy and credit risk appetite and recommending changes for updating the Risk Appetite Statement. Policies maintenance Maintain & update following policy document of the Bank: a) Risk Appetite Statement: b) Credit Policy c) Recovery & Resolution Plan d) ILAA with coordination of FINCON and Treasury e) ICAAP with coordination from FINCON. QUALIFICATIONS AND EXPERIENCE Minimum experience: Over 15 years of experience in leadership roles within the banking industry including experience of developing and implementing credit and risk policies. In-depth experience in Risk and Credit within the Banking sector. Demonstrable strong strategic orientation. Proven track record to build and sustain stakeholder/third party relationships. If you feel your experience is in line with the above please send over your updated CV and a consultant will be in touch shortly. Thank you. GCS Computer Recruitment Services is acting as an Employment Agency in relation to this vacancy.