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- Tasks: Lead the development of risk management strategies and frameworks for a leading bank.
- Company: Join a top banking institution focused on resilience and risk management.
- Benefits: Enjoy hybrid working, with 1-2 days in the office and competitive perks.
- Why this job: Be part of a crucial role shaping risk culture and operational resilience in finance.
- Qualifications: Experience in resilience best practices and strong leadership skills required.
- Other info: This is a newly created role, offering a chance to make a significant impact.
The predicted salary is between 43200 - 72000 £ per year.
Our client, a leading banking institution, is currently recruiting for the newly created role of Head of Business Risk (1LOD) with a focus on Resilience and 3rd Party Risk Management. This is an instrumental role for the business where you will be responsible for the creation and embedding of the firm's first line of defence risk function. As the Head of Business Risk, you will be responsible for leading the company's risk management program, ensuring that the company's risks are identified, assessed, and managed effectively. The Head of Business Risk will be responsible for delivering a comprehensive and cohesive approach to risk management covering areas such as risk and controls, operational resilience and business continuity, and third-party risk management.
Responsibilities
- To lead the ongoing development, management and embedding of the Bank’s Operational Resilience Framework into all business areas providing training and support where appropriate.
- Responsible for the Banks Operational Resilience Self-Assessment, ensuring the ORSA contains accurate and timely information for upward reporting and approval to the Operational Risk Committee (ORC), Executive Committee (ExCo) and the Board Risk Committee (BRC).
- To ensure that, through the change and product development processes, any impacts on the Banks IBS and/or, risks and control structures are assessed and assist the business in making the necessary changes.
- Ownership of the banks Business Continuity Plan ensuring regular reviews are undertaken and the plan tested.
- To lead the ongoing management of the Bank’s RCSA programme ensuring all material risks are identified and proactively drive corrective actions resolution.
- To lead the development of frameworks to identify risk within the Banks third party suppliers and ensure the management of these suppliers meets the Banks and regulators expectations.
- To lead the ongoing development and implementation of 1st line risk reporting/MI into the risk committees and ExCo.
- Responsible for the ORC ensuring relevant topics are escalated and discussed to manage operational risk.
- Proactively drive, manage and enhance business risk standards ensuring alignment to the Banks policies.
- Actively promote the importance of a strong risk culture across the Bank.
Requirements
- Experience of resilience best practice and 3rd party risk.
- Experience in the financial services industry.
- Strong knowledge of risk management principles and practices.
- Excellent communication and interpersonal skills.
- Strong leadership and management skills.
- Ability to work independently and as part of a team.
If you are a highly motivated and experienced risk management professional looking for a challenging role with a reputable financial institution, this could be the perfect opportunity for you. Hybrid working policy is 1-2 days per week in the office located in the West Midlands.
Head of Business Risk (Resilience & 3rd Party Risk) employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Business Risk (Resilience & 3rd Party Risk)
✨Tip Number 1
Network with professionals in the financial services sector, especially those involved in risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in resilience and third-party risk.
✨Tip Number 2
Familiarise yourself with the specific regulatory requirements and best practices related to operational resilience and third-party risk management in the banking sector. This knowledge will help you demonstrate your expertise during interviews.
✨Tip Number 3
Prepare to discuss real-world examples of how you've successfully implemented risk management frameworks or improved resilience in previous roles. Concrete examples will showcase your leadership skills and practical experience.
✨Tip Number 4
Research the company’s current risk management strategies and any recent challenges they may have faced. Tailoring your insights and suggestions to their specific context can set you apart as a candidate who is genuinely interested in their success.
We think you need these skills to ace Head of Business Risk (Resilience & 3rd Party Risk)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in resilience best practices and third-party risk management. Use specific examples from your previous roles that demonstrate your leadership and risk management skills.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this role. Discuss how your background aligns with the responsibilities of the Head of Business Risk position and express your enthusiasm for contributing to the company's risk culture.
Highlight Relevant Skills: In your application, emphasise your strong communication and interpersonal skills, as well as your ability to work independently and as part of a team. These are crucial for the role and should be evident in your written materials.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are essential in risk management.
How to prepare for a job interview at MERJE
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the responsibilities and expectations of the Head of Business Risk position. Familiarise yourself with concepts like operational resilience, third-party risk management, and the first line of defence risk function.
✨Showcase Relevant Experience
Prepare to discuss your previous experience in resilience best practices and third-party risk within the financial services industry. Be ready to provide specific examples of how you've successfully managed risks and implemented frameworks in past roles.
✨Demonstrate Leadership Skills
As this role requires strong leadership, be prepared to share instances where you've led teams or initiatives. Highlight your ability to foster a strong risk culture and how you've effectively communicated risk management principles to various stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's current risk management strategies and challenges they face. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
