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- 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 salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact on risk management while collaborating with top executives.
- Qualifications: Proven experience in risk management and strong leadership skills required.
- Other info: This is a senior role with direct accountability to the Board.
The predicted salary is between 72000 - 108000 £ per year.
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 the latest regulatory changes and risk management trends. Familiarise yourself with FCA and PRA expectations, as well as emerging risks in the financial sector, to demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss your leadership style and experience in risk governance. Be ready to share examples of how you've successfully implemented risk frameworks or led teams in previous roles, showcasing your ability to drive a strong risk culture.
✨Tip Number 4
Engage with current or former Chief Risk Officers if possible. Conduct informational interviews to gain insights into their day-to-day responsibilities and challenges, which can help you tailor your approach when applying for the position.
We think you need these skills to ace Chief Risk Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Chief Risk Officer. Familiarise yourself with risk management frameworks and regulatory requirements relevant to the banking sector.
Tailor Your CV: Highlight your experience in risk management, leadership roles, and any relevant regulatory knowledge. Use specific examples that demonstrate your ability to manage both prudential and non-prudential risks effectively.
Craft a Compelling Cover Letter: In your cover letter, articulate your vision for risk management and how it aligns with the bank's objectives. Emphasise your strategic thinking and ability to foster a strong risk culture within an organisation.
Showcase Your Leadership Skills: As this is a senior management position, provide examples of your leadership style and how you've successfully led teams in high-pressure environments. Discuss your experience in engaging with boards and regulators.
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 teams in previous roles to highlight your leadership capabilities.
✨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 identifying, assessing, and mitigating those risks.
✨Demonstrate a Strong Risk Culture
Be ready to discuss how you would embed a strong risk culture within the organisation. Share your thoughts on promoting risk awareness and accountability across all levels of the bank.
