The Board of ICBC Standard Bank Plc has ultimate responsibility for Risk Management, however on a day-to-day basis, all risk is managed through the three lines of defence model. This Enterprise risk approach ensures all staff are accountable for Risk Management and builds a strong risk culture that is supported by a robust governance structure.
The Risk department consists of specialists that manage the Financial risks, including Credit, Country and Market risks and Non-Financial risks including Operational, IT & Cyber and Conduct risks, that the bank is exposed to in order to minimise the risk of financial loss.
The department also incorporates core risk infrastructure functions including the model development team, the model validation unit, and analytics and reporting team which manages management information, data and change processes for the Risk department.
What you'll be doing
The Head of Non-Financial Risk is responsible for setting, embedding and overseeing the Non-Financial Risk (NFR) framework across the organisation. This role provides second-line oversight and challenge to ensure that operational, conduct, technology (including cyber-risk) and other non-financial risks are effectively identified, assessed, managed and reported in line with regulatory expectations and the firm’s risk appetite.
What you'll need to be successful
We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.
- Senior experience in non-financial risk management potentially through operational or conduct risk disciplines.
- Strong knowledge of FCA and PRA expectations relating to NFR.
- Executive-level stakeholder
- Good understanding of investment banking products for FIC and commodities, and activities (including those relating to sales & trading, capital markets and structured financing), and the associated UK regulatory framework
- Good understanding of cyber & IT threats and risks.
- A working knowledge of the different insurance policies used by the Bank to transfer certain non-financial risks.
- Working in a regulated environment, ideally wholesale or commodities banking
- Understanding of regulatory risk assessment, identification and management processes
- Experience of handling large multi-department projects
- Strong management and leadership skills
- Strong organisation, planning and problem-solving skills, ability to multi-task and demonstrate flexible thinking
- Excellent relationship management skills with the ability to interact effectively at all levels of the organisation including junior and senior levels
- Own and continuously develop the firm’s Non-Financial Risk framework, policies and standards.
- Define and maintain the Non-Financial Risk Appetite, ensuring alignment with overall risk strategy and regulatory requirements.
- Lead the integration of non-financial risk considerations into business decision-making, change initiatives and strategic planning.
- Ensure processes are established and maintained to identify, assess and quantify NFR exposures
- Provide independent second-line oversight and effective challenge to the business.
- Design and manage risk assessment methodologies which cover the non-financial risks and vulnerabilities across the Bank
- Maintain a forward-looking view of emerging risks and trends
- Ensure there is a clear and consistent approach to undertaking risk and control self assessments (RCSAs)
- Provide constructive challenge on RCSAs across the Bank
- Develop and maintain methodologies for evaluating RCSAs against new material business initiatives or market events
- Ensure the Bank has a consistent methodology for identifying, investigating and mitigating issues, incidents and operational loss events.
- Co-ordinate the execution of scenario analysis to support both the Bank’s ICAAP and also ad hoc decision making.
Monitoring & Reporting
- Establish and maintain NFR metrics, KRIs and MI.
- Deliver clear and high-quality reporting to Executive and Board committees.
Regulatory & Conduct
- Ensure compliance with regulatory rules and expectations with respect to operational resilience, conduct and governance
- Act as a key contact with regulators and Internal Audit on NFR matters.
- Support regulatory reviews and assurance activity.
- Lead the update of the non-financial risk sections of the ICAAP.
- Embed conduct risk and customer outcomes into the NFR framework.
Leadership & Governance
- Lead and develop the NFR Team
- Provide a distinct view of new product development and approval, ensuring a portfolio view across the risks being introduced
- Chair or contribute to key risk forums and committees.
- Work closely with Compliance, Financial Crime, IT Risk and Resilience teams
- Operational Risk
- Conduct Risk
- Technology and Cyber Risk
Why should you join us?
ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.
We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.
Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.
We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.
What's in it for you?
- Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
- Hybrid working – the option to work remotely up to two days per week, depending on the role.
- Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay. Coaching for family leave returners and access to emergency care via My Family Care. Paid fertility and miscarriage leave.
- Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
- Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
- Development – a suite of opportunities to build the skills you need to excel in your role
If you're excited about becoming part of our team, get in touch. We'd love to hear from you!
