Head Risk
Posted on :
18-07-2024
Employer Active
1 Vacancy
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Job Description
About the Job:
Head Risk is responsible for overseeing various risks management and compliance functions and ensuring that appropriate procedures protocols and strategies are implemented to minimize risk and protect the organization. This candidate will be a partner to Leadership to ensure appropriate implementation of risk management and compliance controls while performing governance and oversight activities to assess the business culture and performance related to Risk and Compliance with Enterprise Policies and Standards.
- To set a risk and compliance framework for the company in line with the company s strategy.
- To take overall responsibility for the advice management and development of company s risk and compliance systems company wide.
- To advise the Management Board in the implementation of risk and compliance matters across the Company.
- To oversee the preparation of compliance reports for the relevant regulatory
- Present to the Management Board monthly and quarterly on risk and compliance issues including any recommendations.
- To work closely with other members of the Senior Management Team in defining the company s strategy and planning while considering key risks.
- To manage the Risk & Compliance team and provide leadership and supervision to them and their work.
- To be the responsible individual for all policies on risk and compliance within the Office Procedure Manual particularly the process of annual review proposing improvements to manage risk.
- To undertake oversee or manage as appropriate and propose improvements in all applicable risk and compliance processes.
- To ensure the company strategy processes and compliance requirements have appropriate risk assessment system and to monitor and ensure the robust management of each individual risks notified under that system.
- To ensure those risks are appropriately populated in the various risk registers and appropriate actions taken to ensure the effective management of risk matter including consulting the Management Board on highrisk areas Reputational Risk & complex cases.
- Provide guidance and recommendations on corrective actions or risk mitigation strategies to remediate noncompliant situations to Senior Management.
- Monitor the implementation progress of action plans designed to correct incidents of noncompliance or potential issues in policies systems.
- To ensure appropriate corrective actions or risk mitigations strategies are implemented fully within the required timeframe.
- To investigate all breaches and near breaches of all regulations.
- To lead the Risk Units partnership with the company s Product Management Application Development and Legal
- To perform Regulatory Compliance Reviews to evaluate and ensure the appropriate identification of regulatory responsibility by the assessment of product functionality and associated controls.
- To provide support and as appropriate facilitate the engagement with Internal Audit performing preaudit activities assisting with management responses remediation plan development and continued engagement with remediation of issues until closure.
- To participate in the ThirdParty Risk Management activities and meetings to help ensure timely closure of outstanding thirdparty management issues; evaluate third party risk and assist with escalation where needed.
- To support corporatewide risk initiatives to ensure the company s implements required changes to meet internal and external mandates or certifications (e.g. PCIDSS ISO27001 Enterprise Business Continuity initiatives Cyber security efforts).
- To provide oversight on the company s AML/CFT program Data protection Program and any other applicable regulatory programs.
- Ensure all applicable risk and compliance training and applicable regulatory awareness training is delivered effectively and to all identified users in accordance with the Management Board requirements delivering such training personally as appropriate.
- To review the conclusions of the recent externally commissioned consultants reports on AML data protection compliance to review progress made on implementation and taking appropriate action to complete that process.
- To manage the relationship with our regulators external auditors external lawyers law enforcement and any other applicable external parties.
Requirements
KNOWLEDGE AND SKILL REQUIREMENTS
Bachelor s degree in an analytical field such as engineering finance computer science mathematics economics legal etc
At least 10 years relevant work experience
Knowledgeable in technology
Experience in a highly regulated environment.
Knowledge of risk management Information Security Cyber Security Business Continuity and Auditing.
Previous experience in a risk management role within financial services ideally within a platform and product led environment
Excellent knowledge of industry best risk management practice.
Ability to understand and articulate the commercial benefits of effective risk management
Makes commercial business decisions and is resilient in the face of resistance.
Works collaboratively with Management Board and Senior Management to resolve conflicts to acceptable outcomes for all.
Judgement to balance commercial and compliance risks to achieve positive outcomes.
Ability to work with the business to achieve its goals within the relevant regulatory regimes.
Proven people skills in terms of recruiting appraising developing and motivating staff.
Proven ability to deal with confidential matters and with discretion.
Excellent relationship management and influencing skills
Ability to build supportive relationships with different groups across the firm and externally.
Ability to analyse present and report risk management data to senior stakeholders
Provides strong leadership mentoring and coaching within the team to develop skills and expertise.
Ability to adapt and respond to change
Employment Type
Full Time
Company Industry
Savings Institutions / Financial Services / Real Estate Agents and Brokers
Key Skills
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