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For Companies At a Glance
- Tasks: Lead the Bank’s Risk Management Framework and oversee risk governance.
- Company: Join a leading bank committed to safety and soundness in financial services.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact on risk management while working with top executives and regulators.
- Qualifications: Proven experience in risk management and strong leadership skills required.
- Other info: This is a senior role with significant influence over the Bank's risk strategy.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
MAIN OBJECTIVES:
The Chief Risk Officer (CRO) is a Senior Management Function (SMF4) holder, accountable to the Board and the Board Risk Committee for leading the Bank’s Risk Management Framework and ensuring that both prudential and non-prudential risks are identified, assessed, managed, and reported in line with FCA and PRA expectations.
This senior leadership role carries overall accountability for delivering an enterprise-wide view of risk, ensuring that robust policies, procedures, and systems are in place to identify, measure, monitor, and control all material risks—financial and non-financial—while maintaining compliance with all applicable regulatory requirements.
As Chair of the Executive Risk Committee (ERC), the CRO oversees the Bank’s exposures against the Board-approved Risk Appetite, reporting on utilisation, limit breaches, tolerances, and key risk indicators. The CRO is independent of the first line of defense and works in close partnership with the CEO, Board, and regulators to safeguard the safety and soundness of the Bank. The CRO reports functionally to the CEO and maintains an independent reporting line to the Chair of the Board Risk Committee (BRC), safeguarding independence and ensuring direct assurance to the Board.
Under the SMCR, the CRO is directly accountable for ensuring the Risk Management Framework operates effectively across the three lines of defence, embedding a strong risk culture, and ensuring risks are appropriately identified, escalated, challenged, and remediated to protect the Bank’s safety, soundness, and regulatory compliance
Key Responsibilities
- Risk Governance & Framework
- Prudential Risk Oversight
- Non-Prudential Risk Oversight
- Board & Regulatory Engagement
- Leadership & Accountability
- Risk Strategy & Change Management
- Risk Assessment and Challenge
- Regulatory Accountability (SMF4)
Chief Risk Officer employer: Superb People Ltd
Contact Detail:
Superb People Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Risk Officer
✨Tip Number 1
Network with professionals in the banking and risk management sectors. Attend industry conferences, webinars, and local meetups to connect with potential colleagues and mentors who can provide insights into the role of a Chief Risk Officer.
✨Tip Number 2
Stay updated on regulatory changes and best practices in risk management. Follow relevant publications and thought leaders in the field to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss your experience with risk frameworks and governance structures. Be ready to share specific examples of how you've successfully managed risks in previous roles, as this will showcase your capability for the CRO position.
✨Tip Number 4
Familiarise yourself with the specific challenges and opportunities facing the bank you're applying to. Tailor your conversations to reflect an understanding of their unique risk landscape and how you can contribute to their strategic goals.
We think you need these skills to ace Chief Risk Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Chief Risk Officer. Familiarise yourself with risk management frameworks and regulatory requirements set by the FCA and PRA.
Tailor Your CV: Highlight your experience in risk management, governance, and regulatory compliance. Use specific examples that demonstrate your ability to lead and manage risks effectively, particularly in a banking context.
Craft a Compelling Cover Letter: In your cover letter, articulate your vision for risk management and how you can contribute to the bank's objectives. Mention your leadership style and how it aligns with fostering a strong risk culture.
Showcase Relevant Achievements: Include quantifiable achievements related to risk management in your application. This could be successful implementation of risk frameworks, improvements in risk reporting, or effective engagement with regulatory bodies.
How to prepare for a job interview at Superb People Ltd
✨Understand the Regulatory Landscape
Familiarise yourself with the latest FCA and PRA regulations. Being able to discuss how these regulations impact risk management will demonstrate your expertise and readiness for the role.
✨Showcase Your Leadership Skills
As a Chief Risk Officer, you'll need to lead teams and influence stakeholders. Prepare examples of how you've successfully led risk initiatives or managed cross-functional teams in the past.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world risk scenarios. Think through potential risks a bank might face and how you would approach managing them, including your decision-making process.
✨Demonstrate a Strong Risk Culture
Be ready to discuss how you would embed a risk-aware culture within the organisation. Share strategies you've used in the past to promote risk awareness and compliance among staff at all levels.
