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- Tasks: Lead the design and implementation of risk management frameworks across the enterprise.
- Company: Join a leading bank focused on strategic risk management and operational excellence.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Shape the future of risk management in a dynamic banking environment.
- Qualifications: Extensive experience in enterprise risk management and strong leadership skills.
- Other info: Be part of a culture that values innovation and continuous improvement.
The predicted salary is between 72000 - 108000 £ per year.
The Head of Enterprise Risk Management (ERM) is responsible for designing, implementing and embedding risk policies, frameworks and methodologies to manage strategic and operational risks across the enterprise consistent with Board Approved Risk Appetite.
Principal Accountabilities and Duties
- Provides leadership, knowledge and experience to enable effective management and control of the Enterprise Risk Management Framework (ERMF).
- Supports the CRO and Risk in ensuring that an effective ERMF is in place, supporting 1st Line teams with appropriate coaching, monitoring and objective aggregation and analysis of information for the executive and Board Audit and Risk Committee (BARC).
- Ensures all risks and controls are managed within a clear taxonomy that informs and protects EAB through effective lessons learned and other feedback loops to build and embed an effective risk culture across EAB.
- Maintains the ERMF, including keeping it relevant for the purpose of ensuring effective risk control and oversight underwriting achievement of the bank's strategic objectives.
- Ensures close alignment of the ERMF with all elements of the Board approved Risk Appetite.
- Manages ERM for the Bank taking into account all key risks and controls the Bank is exposed to via a coordinated, effective and integrated taxonomy that effectively articulates the health of the Bank against the Board's approved risk appetite.
- Establishes and proposes to the BARC and Board appropriate risk appetite limits and KRIs for all key risks.
- Ensures that there are appropriate risk monitoring and reporting tools and mechanisms in place which allow effective risk control, stress testing, reporting and monitoring against key KRIs to the Board / BARC, Executive Committee (EXCO), Executive Risk & Compliance Committee (ERCC), and other relevant committees.
- With the Company Secretary, CRO and CEO, reviews, challenges, refreshes and updates, as necessary, the Bank's committee structures and their terms of reference for BARC / Board approval.
- Embeds all aspects of the Bank's ERMF into the overall business.
- Develops and evolves risk management policies and policy frameworks / controls, including the quantification of risk appetite and related measures, limits and tolerances.
- Improves the Bank's risk management readiness, posture and culture through regular and effective communication and training programs.
- Ensures that regulatory requirements for ERMF and control are met.
Risk & Regulatory Duties
- Maintains knowledge of applicable regulatory requirements through effective horizon scanning, responding through thoughtful gap analysis reports to Compliance and CRO (and BARC as appropriate).
- Reports policy / procedure breaches and areas of potential non-compliance and suspicions promptly upon identification in accordance with the Bank's Risk and Compliance policies and formal / informal escalation paths.
- Executes and tests all controls within own area to minimise risk of policy, procedure, risk appetite and / or regulatory breaches.
- Identifies new risks / control gaps within own area via own RCSA.
Qualifications, Knowledge, Skills and Experience Required
- Excellent knowledge of ERMFs, with recent experience in developing and embedding an ERMF into effective use across an enterprise.
- Fully conversant with the interactions between Risk Appetite, Committee structures, the risk and control environment, event / incident management, the RCSA process and the effective aggregation of data into informative and forward looking risk registers, heat maps, dashboards and board papers.
- Demonstrable effectiveness in coaching, training and influencing best practices across the enterprise.
- Strong knowledge of Banking structures, business models, products, services and processes.
- Deep understanding of Bank transaction processing flows, product, portfolio and process control frameworks, prudential controls and monitoring.
- Well developed awareness of developments in financial markets, wider Risk management practices, and regulation.
Head of Enterprise Risk Management employer: Europe Arab Bank
Contact Detail:
Europe Arab Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Enterprise Risk Management
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company’s risk management practices. Familiarise yourself with their ERMF and think about how your experience aligns with their needs. This will help you stand out as someone who’s genuinely interested in their operations.
✨Tip Number 3
Practice your pitch! Be ready to explain how you can contribute to their risk culture and strategic objectives. Highlight your leadership skills and experience in embedding effective risk frameworks – this is your time to shine!
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you ace your application and connect with potential employers. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Head of Enterprise Risk Management
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with Enterprise Risk Management. We want to see how your skills align with the job description, so don’t hold back on showcasing your relevant achievements!
Showcase Your Leadership Skills: As the Head of ERM, you'll need to demonstrate strong leadership. Use your application to share examples of how you've led teams or projects in the past, especially in risk management contexts. We love seeing candidates who can inspire and guide others!
Be Clear and Concise: When writing your application, clarity is key! Keep your language straightforward and avoid jargon unless it’s necessary. We appreciate a well-structured application that makes it easy for us to see your qualifications at a glance.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Europe Arab Bank
✨Know Your ERMF Inside Out
Make sure you have a solid grasp of Enterprise Risk Management Frameworks. Be prepared to discuss how you've developed and embedded ERMFs in previous roles, and think about specific examples that showcase your expertise.
✨Align with the Board's Risk Appetite
Understand the importance of aligning risk management strategies with the Board's approved Risk Appetite. Be ready to explain how you would establish appropriate risk appetite limits and key risk indicators (KRIs) for the bank.
✨Showcase Your Coaching Skills
Since this role involves coaching and influencing best practices, come prepared with examples of how you've successfully trained teams or individuals in risk management. Highlight your ability to communicate complex concepts clearly.
✨Stay Updated on Regulatory Requirements
Demonstrate your knowledge of current regulatory requirements and how they impact risk management. Be ready to discuss how you've conducted gap analyses or responded to regulatory changes in the past.