Head of Risk Management - PSD

Our client is a premier provider of wealth and institutional services. Their parent company are a USA Bank who have opened a branch and are mid-way through the licence process with the PRA for a New banking entity in the UK. They are looking for an investments Risk expert to develop an appropriate Risk Appetite for the UK Branch.

Key accountabilities:

• Lead the development of comprehensive risk management frameworks that align with both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) requirements
• Oversee setting and management of the risk exposures across the UK Branch
• Oversee management of risks and risk controls across the UK Branch within the parameters of the UK Branch risk management framework
• Provide independent oversight and challenge of effectiveness of processes for risk identification, assessment, mitigation, management and reporting.
• Monitor business compliance with UK Branch policies and procedures and effectiveness of risk identification and management
• Provide oversight and challenge of Risk Management information, including scope, timeliness, and effectiveness.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Monitor internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

Qualifications and Experience

• Bachelor’s degree
• Minimum of 10 years’ risk management related experience (risk, compliance, legal, audit),
• Strong understanding of relevant products in commercial lending and treasury operations
• Strong correspondent banking knowledge
• Strong risk analysis knowledge
• Working knowledge of Loan Agency and Structured Finance products
• Comprehensive knowledge of applicable regulations and key regulatory regimes
• Knowledge and experience of best practice risk management and governance frameworks, methodologies and emerging practice in the UK financial services industry
• Minimum 5 years’ managerial or supervisory experience
• Previous experience of holding SMF4 would be an advantage

If you are available immediately and have the relevant experience, please apply to this exciting opportunity.