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- Tasks: Lead the Risk department and manage enterprise-wide risk frameworks.
- Company: Join a dynamic firm focused on consumer finance and automotive sectors.
- Benefits: Enjoy competitive salary, career growth opportunities, and a supportive work culture.
- Why this job: Make a real impact by shaping risk management strategies and developing high-performing teams.
- Qualifications: Significant experience in UK regulatory environment and automotive finance required.
- Other info: This role is part of ExCo and involves direct interaction with the Board.
The predicted salary is between 72000 - 108000 £ per year.
This role is part of ExCo and will lead the Risk department. The role covers the principal financial (credit and asset), non-financial and enterprise risks.
This role is considered a Senior Manager Function (SMF) under the FCA Senior Manager and Certification Regime (SMCR).
Responsibilities will include:
- Design and implement the firms enterprise-wide risk management framework in accordance with the companydirection and agreement, ensuring that the framework captures the relevant risks for the firm, including the setting and monitoring of risk appetite
- To lead, develop and maintain an effective resourcing strategy that provides a continuing source of high quality, talented people to meet the current and future demands of the business
- Develops peoples potential and is a good coach. Gives effective individual feedback and is an active listener. Manages and evaluates people in an objective manner. Encourages others by supporting them and celebrating success
- To develop a culture of high performance based on embedded values and behaviours; ensuring that business strategies and processes deliver the capability that is needed to meet its aims and objectives
- Deliver to the firm’s governing body the second line oversight of the firm-wide enterprise risk management activity
- Provide assurance to the company Board, and the external regulators that all material risks incurred by the company are appropriately identified, measured and reported and that the systems, controls and delegated authorities for the management of these risks are both adequate and effective.
- Provide assessment on key risks to the CEO, wider company entities and regulators on how risk is being managed in the firm and escalate to the company Board/Group any issue or breach of appetite limit, as required and necessary
- Deliver robust risk information, risk analysis and risk training to members of the firm’s governing body
- Report to the firm’s governing body on the firm’s risk exposures relative to its risk appetite and tolerance, and the extent to which the risks inherent in any proposed business strategy and plans are consistent with the governing body’s risk appetite and tolerance. The Chief Risk Officer should also alert the firm’s governing body to and provide challenge on, any business strategy or plans that exceed the firm’s risk appetite and tolerance
- Provide risk-focused advice and information into the setting and application of the firm’s remuneration standards producing an assessment to consider risk adjustments on a biannual basis
- Embed the firms approach to managing the financial risks associated with climate change
- Ensure adherence to UK regulatory requirements, standards & guidelines, including consumer duty
- Ensure that the company adopts Group risk management policies and standards appropriately flexed for the nature of the business
- Develops and promotes a strong risk culture and awareness of risk within the business covering all risk types, laws, regulations and industry trends
- Adhering to our commitment to Consumer Duty ensuring we put our Customers needs first and set higher and clearer standards of consumer protection
What were looking for:
- Significant professional experience of the UK regulatory environment associated with consumer finance/auto finance activities in the UK
- Extensive experience in the automotive finance sector and an ability to extend this to wider consumer finance opportunities
- Previous experience in leading a high performing team to reach their full potential
- Previous experience in risk culture and consumer duty regulation
- Strong focus and market understanding on customer outcomes, operational resilience and credit / residual value, funding / sector
- Experience of working at Board level presenting, facilitating and interacting with the most senior business teams
- Extensive experience of acting as a change agent, leading and managing change programmes and working proactively to make organisational change happen
- Proven ability to establish personal credibility by building and maintaining trust and confidence with management teams and proactively contributing to organisational success
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CRO - Chief Risk Officer employer: Adway Associates
Contact Detail:
Adway Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land CRO - Chief Risk Officer
✨Tip Number 1
Familiarize yourself with the UK regulatory environment, especially in consumer finance and automotive finance. Understanding the nuances of these regulations will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the automotive finance sector. Attend industry events or webinars where you can meet key players and learn about current trends and challenges. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your leadership skills by discussing specific examples of how you've developed high-performing teams in the past. Highlight your coaching abilities and how you've fostered a culture of success and accountability within your teams.
✨Tip Number 4
Prepare to discuss your experience with change management. Be ready to share instances where you've successfully led change initiatives, particularly in risk culture and consumer duty regulation, as this is crucial for the Chief Risk Officer role.
We think you need these skills to ace CRO - Chief Risk Officer
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities and expectations of the Chief Risk Officer position. Familiarize yourself with the key aspects of risk management, particularly in the context of the UK regulatory environment and consumer finance.
Highlight Relevant Experience: In your application, emphasize your significant professional experience in the automotive finance sector and your understanding of consumer finance. Provide specific examples of how you've led high-performing teams and managed change effectively.
Demonstrate Leadership Skills: Showcase your leadership abilities by detailing instances where you have developed a strong risk culture within an organization. Mention your experience in coaching and providing feedback to team members, as well as your ability to build trust and credibility with senior management.
Align with Company Values: Make sure to align your application with the company's values and commitment to consumer duty. Discuss how you prioritize customer needs and how your approach to risk management supports this commitment.
How to prepare for a job interview at Adway Associates
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the UK regulatory environment, especially as it pertains to consumer finance and auto finance. Be prepared to discuss how your experience aligns with these regulations and how you can ensure compliance within the organization.
✨Showcase Leadership Experience
Highlight your previous experience in leading high-performing teams. Share specific examples of how you've developed talent, provided feedback, and fostered a culture of high performance. This will demonstrate your capability to lead the Risk department effectively.
✨Demonstrate Change Management Skills
Be ready to discuss your experience as a change agent. Provide examples of successful change programs you've led and how you managed resistance. This is crucial for a role that requires proactive organizational change.
✨Prepare for Board-Level Interaction
Since this role involves presenting to the firm's governing body, practice articulating complex risk information clearly and concisely. Think about how you would report on risk exposures and engage with senior management to build trust and credibility.
