Director of Risk Management Director of Risk Management …

Bruin Financial
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
Bruin Financial
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
Posted by:
Perm risk • Recruiter
Bruin Financial
Posted by:
Perm risk
An exciting opportunity for a senior Risk professional to take up an SMF4 level position within the brokerage business of a global financial services organization. You will be responsible for leading the Risk Management function and providing hands-on day-to-day oversight of Risk in their UK, Ireland and European regions.


This is a standalone SME role, and will require the successful candidate to carry out the following responsibilities:

  • Chair and manage the Risk Controls Oversight Committee; formulate and periodically review the organisation’s risk management policies.
  • Implement global risk management policies and infrastructure for the entity.
  • Provide counsel to business unit managers on risk management issues and evaluate significant transactions and/or capital commitments prior to execution.
  • Advocate industry best practice.  Establish and enhance company risk culture through training and public relations.
  • Proactively interact with, and share best practice with other risk professionals in the wider business.
  • Maintain and establish risk management procedures and standards, develop risk management analyses and reports, approval procedures and guidelines, including risk maps.
  • Produce and execute Risk Management’s Risk Implementation Plan.
  • Conduct regular meetings with Business Unit leaders to discuss operational risk matters, update risk maps and ensure risk culture is embedded.
  • Produce and execute on:
    • Internal Capital Adequacy Assessment Process (ICAAP).
    • Pillar 3 disclosure
    • Recovery and Resolution Plans
    • Winddown Plan
    • MiFID RTS 6 Algorithmic validation review
    • Client trading credit reviews
    • Key Risk Indicators – both daily and monthly
  • Coordinate and lead on the review of
    • critical and material vendors
    • cyber risk
  • Proactively consider and input into:
    • Liquidity risk modelling and the Liquidity Risk Management Framework
    • P&L stress test modelling for the ICAAP
  • Drive Operational Risk Management Programmes, including risk framework, risk maps and error/incident management, remediation and root cause analysis/resolution.
  • Regulatory implementation (where appropriate).
  • Support new products and initiatives.
  • Co-operate and co-ordinate with Compliance on system and control issues.
  • Drive error management

Regulatory Requirements

  • The role will require the individual to be approved by the FCA, this will be dependent on:
    • Satisfactory regulatory reference from previous employer
    • Satisfactory background checks
    • Satisfactory self attestation as to fitness and propriety

Key Behavioral Competencies

  • Executes in line with responsibilities and seeks an outcome directive;
  • Creates opportunities for commercial impact, client relationships and cost reduction, while coaching others to do the same;
  • Displays clear leadership and grows talent;
  • Leads Change;
  • Communicates with Impact;
  • Builds Client Relationships (Internal and external);
  • Influences the environment, cultural initiatives and enforces inclusivity

Experience Required

  • Significant track record in achieving aims relating to the stated responsibilities
  • A University degree or equivalent in Business Administration, Finance, Economics, Operations Management, Technology, or a related field is preferred.
  • Substantial relevant experience in consulting, strategic analysis, operations analysis & planning which should include significant exposure to financial institutions. FCA and Broker-Dealer experience is desirable.
  • Must have superior communications and interpersonal skills and a consultative approach to problem-solving.
  • Must be highly analytical, with keen business acumen and a self-starter with the ability to work independently.
  • Strong project management experience.
  • Proficiency in PC applications: PowerPoint, Word, Excel, MS-Project, Visio (or similar processing flow mapping application). Familiarity with Database applications is a plus.
Company Overview

BRUIN Financial is an independent recruitment consultancy with an exclusive focus on the financial services sector.

BRUIN assists leading financial services professionals secure appointments from graduate level to C-suite positions on a permanent, temporary and interim basis. From our offices in London and Manchester, we provide coverage throughout the UK and mainland Europe.

We are preferred suppliers to the world’s leading financial services institutions who value our boutique approach and our Consultants’ in-depth industry knowledge of their specialisms.

These include:

Front & Middle Office; Compliance; Credit & Risk Management; Finance & Accountancy; Life, Pensions, Employee Benefits; Project & Change Management; Legal; Operations; Sales, Marketing & Distribution; Broking, Underwriting & Claims; Actuarial, and HR & Secretarial.

Our Consultants are some of the most experienced financial services recruiters in the UK, offering expert advice and insight into the current jobs market. Whether you are seeking a short term assignment that suits your availability or the next permanent step in your career, our Consultants are on hand to help you secure the role that matches your needs.

BRUIN has been recognised by a number of industry awards for our expertise in financial services recruitment and for our innovative diversity initiatives. As a business we are vocal champions for a diverse talent pipeline and are proud of the reputation we have built in this area.

BRUIN Financial recognises the positive value of diversity, and aims to promote equality and challenge unfair discrimination.

As a champion of equal opportunity employment we welcome applications from all suitably qualified persons - men and women, people of all ages, sexual orientations, nationalities, religions and beliefs.

We particularly encourage applications from women, disabled, and Black, Asian and minority ethnic candidates as these groups are underrepresented throughout the financial services industry.

Our clients work with us because they value a diverse workforce, and subscribe to our shared principle that all appointments are made on merit and that ability to perform the job will be the primary consideration.

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