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- Tasks: Lead the Risk Function and develop strategies to manage risks in vehicle finance.
- Company: Join a specialist provider of vehicle finance, rental, and insurance products.
- Benefits: Enjoy a competitive salary up to £75,000 plus excellent bonuses and benefits.
- Why this job: Shape risk management culture while working with senior leaders and making impactful decisions.
- Qualifications: Requires a Bachelor's degree and 10 years of experience in risk management.
- Other info: Ideal for those passionate about driving change in the automotive finance industry.
The predicted salary is between 45000 - 105000 £ per year.
Our client is a specialist provider of vehicle finance, rental, and insurance products and they are looking for a Head of Risk.
Job Overview:
As Head of Risk, you are responsible for managing the Risk Function and you will work directly with the Group Head of Risk, Country Manager UK, Senior Management, and the Board in implementing and maintaining the risk management framework, fostering a culture of risk, while ensuring compliance with industry standards, regulations and internal policies and procedures.
Responsibilities :
- Develop, implement and maintain risk management strategies, policies, and procedures, appropriate for the automotive retail financing and automotive leasing business, to identify, monitor and report the risks to which the company is or might be exposed.
- Develop, implement and maintain the risk management frameworks in conjunction with local regulatory requirements, Group requirements and best practice.
- Monitor key risk indicators (KRIs) and performance metrics to proactively identify emerging risks, whilst escalating and reporting any deviations from established risk thresholds.
- Pro-active maintenance of the Company risk registers by carrying out comprehensive risk assessments, identifying potential threats and vulnerabilities across various aspects of the business, including credit risk, market risk, operational risk, and financial risk.
- Implement and manage an annual risk-based risk monitoring program. Co-ordination of the completion of quarterly risk controls within the prescribed deadlines. Formulation and follow up of action plan with various department for any deficiencies identified during the controls testing process.
- Test the adequacy and effectiveness of first level controls performed by the business, identify areas of improvements and propose corrective actions, where necessary.
- Maintain an up-to-date business continuity plan (BCP) and co-ordinate BCP testing activity at least twice per year.
- Promote a positive risk culture which will be supported through the delivery of risk training and awareness programs.
- To assist with both internal and external fraud investigations where required.
- Regular reporting and communicating on risk management topics to Senior Management and the Board.
- Provide support to the business in all risk related matters including actively challenging the business.
- Such other duties as the Management may from time to time reasonably require.
Knowledge, Experience And Qualifications :
- Bachelor’s degree in finance, risk management, business administration, or a related field.
- Certified Risk Manager (CRM), Financial Risk Manager (FRM), or other relevant professional certifications is desirable.
- A minimum 10 years’ experience in risk management or in a control function within the automotive finance industry or related financial services sector.
- Excellent analytical skills with the ability to interpret complex data and draw actionable insights.
- Demonstrated leadership abilities with a track record of driving change and influencing stakeholders at all levels of the organization.
- A highly organized individual with the ability to prioritise and meet deadlines and act on own initiative.
- Commitment to integrity, ethical conduct, and regulatory compliance.
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Head of Risk – Slough employer: Celebree School of East Louisville
Contact Detail:
Celebree School of East Louisville Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk – Slough
✨Tip Number 1
Make sure to familiarize yourself with the specific risk management frameworks and regulations relevant to the automotive finance industry. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the automotive finance sector, especially those in risk management roles. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Stay updated on current trends and emerging risks in the automotive finance market. Being able to discuss these topics knowledgeably during your conversations with us will set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your leadership skills and experience in driving change within organizations. We value candidates who can influence stakeholders and foster a positive risk culture, so be ready to share relevant examples.
We think you need these skills to ace Head of Risk – Slough
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Head of Risk position. Tailor your application to highlight your relevant experience in risk management, particularly within the automotive finance sector.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 10+ years of experience in risk management or control functions. Provide specific examples of how you've developed and implemented risk management strategies and frameworks.
Showcase Leadership Skills: Demonstrate your leadership abilities by detailing instances where you've driven change and influenced stakeholders. This is crucial for a role that involves working with senior management and the board.
Focus on Compliance and Ethics: Given the importance of regulatory compliance in this role, make sure to mention your commitment to integrity and ethical conduct. Highlight any relevant certifications like CRM or FRM that reinforce your qualifications.
How to prepare for a job interview at Celebree School of East Louisville
✨Understand the Risk Management Framework
Make sure you have a solid grasp of risk management frameworks, especially those relevant to the automotive finance industry. Be prepared to discuss how you would develop and implement these strategies in your role.
✨Showcase Your Analytical Skills
Highlight your ability to interpret complex data and draw actionable insights. Prepare examples from your past experience where your analytical skills led to significant improvements in risk management.
✨Demonstrate Leadership Experience
Be ready to share specific instances where you've successfully influenced stakeholders and driven change within an organization. This will showcase your leadership abilities and fit for the Head of Risk position.
✨Prepare for Compliance Questions
Since compliance is crucial in this role, familiarize yourself with industry standards and regulations. Expect questions on how you would ensure adherence to these requirements and be ready to discuss your commitment to ethical conduct.
