Financial Risk Oversight Manager (2LOD)

Financial Risk Oversight Manager (2LOD)

Start: ASAP

Duration: 3 months

Day Rate: Competitive(inside IR35)

Location: Central London (Hybrid)

Specific Accountabilities

• Deliver independent assurance to the BANK Board on key internal and regulatory deliverables including BANK's Strategy and Medium Term Plan (MTP); Independent Capital & Liquidity Assessment Processes (ICAAP & ILAAP); Recovery Plan; Resolvability Assessment Framework; Reverse Stress Testing and key prudential financial and regulatory reporting. This requires a detailed understanding of complex regulatory requirements / assessment methodologies and the application of sound judgement.
• Propose and deliver a risk-based thematic assurance plan, as approved by the Board Risk Committee. This should include integrated assurance reviews in collaboration with other second line teams to optimise efficiency and breadth / depth of insight.
• Provide independent second line challenge and support on all material proposals relating to Financial Risk. This includes, but is not limited to, risk appetite, capital & funding plans; risk adjusted pricing; coordinating independent review of acquisitions & mergers; impact assessments / responses to changes in regulation; and associated action plans.
• Assess the Financial Risk Policies, Standards and Frameworks maintained by the first line to ensure they provide adequate coverage of all relevant risks, are consistent with the bank-wide Risk Management Framework, comply with all relevant regulatory requirements and are operating effectively.
• Review, aggregate and provide independent second line opinion on Financial Risk reporting, for inclusion in Executive and Board level reporting by the Chief Risk Officer.

Skills & Knowledge

• Broad experience covering a variety of products and services, coupled with experience working in a specialist function (e.g. Capital & Liquidity Risk, Market Risk, Model Risk, Finance).
• A sound understanding of the key quantitative and qualitative methodologies used in risk assessment.
• Strong knowledge of relevant regulation (e.g. Capital Requirements Regulation and PRA Rulebook) and Accounting Standards (e.g. IFRS9) and application / impact on Financial Risk.
• Ability to understand complex issues, communicate with clarity and influence senior leaders including Directors and Head of functions.
• Advanced commercial awareness, with an ability to apply global perspective and use diverse views and information to reach optimal solutions.
• Advanced leadership skills to develop individuals and support the creation of high performance teams