Connecting to LinkedIn...

Chief Risk Officer (PCF 14)

Information About This Job

Job Title: Chief Risk Officer (PCF 14)
Location: Dublin
Industry:
Contact Name: Adam Small
Contact Email: asmall@lawsonchase.com
Job Published: 11 days ago

Job Description

Key Responsibilities

  • The Chief Risk Officer will be primarily responsible for the operation of the Company's permanent and independent risk management function, with support from the wider Group as required.

  • As part of the Chief Risk Officer's role, he/she will receive and review reports from the operations and business units within the Company, including where relevant from the Branches, as well as from its core service providers (including investment management reports) on at least a quarterly basis. The Chief Risk Officer shall use these reports in order to oversee risks and provide reporting to the Head of Operations and the Board on a quarterly basis as well as keeping senior counsel of the parent company fully informed. The Chief Risk Officer will report ad hoc issues promptly to the Head of Operations and senior counsel of the parent company, including the Board of Directors to the extent warranted by a particular incident or incidents.

  • The Chief Risk Officer, as part of his/her role will monitor:

    • a) the adequacy and effectiveness of the Company's risk management policies and procedures;

    • b) the level of compliance by the Company and its relevant persons with the arrangements, processes and mechanisms to manage the risks relating to the Company's activities, processes and systems;

    • c) the adequacy and effectiveness of measures taken to address any deficiencies in those policies, procedures, arrangements, processes and mechanisms, including failures by the relevant persons to comply with such arrangements, processes and mechanisms or follow such policies and procedures.

  • In performance of the risk management function, the Chief Risk Officer shall be responsible for identifying, managing, monitoring and controlling risks and implementing risk control measures.  

  • The Company shall adopt and implement procedures in order to ensure that all applicable operational risks pertaining to the Company and its clients can be identified, monitored and managed at all times.

  • The Chief Risk Officer is also to review, monitor and report to the Board and make recommendations on the adequacy and effectiveness of and any deficiencies in the operational risk framework of the Company.

  • The Company will maintain a low appetite to operational risk and foresees the following risks as key operational risks:

    • a) investment management risk

    • b) risk of loss arising from inadequate or failure of internal processes, people and systems;

    • c) cyber security risk;

    • d) business risk;

    • e) legal risk;

    • f) insurance risk; and

    • g) outsourcing risk.

  • Elements in relation to each of these areas are continuously considered and assessed by the Chief Risk Officer as part of the broad ranging oversight and review carried out on a continuous basis. The list of key risks is also kept under review and continuously assessed for any new or emerging risks that need to be considered also in light of new developments.

  • All risks that are identified will have a corresponding control designed to mitigate the risk in whole or in part and the effectiveness of this control is also assessed.

  • Where there are high risks which have been identified to the Chief Risk Officer and the controls are not considered to be sufficient, this will be brought to the attention of the Head of Operations and the Board.

  • Reporting on the identification of risks may be on an exceptions basis to the Head of Operations and/or the Board (i.e. detected risks are reported when something deviates from the norm or a rule or regulation is contravened) and where remedial action is required.

  • In addition, the Chief Risk Officer reviews internally compiled reports or is notified if the result is unsatisfactory on the supervision of delegates and other related matters, as part of the risk review process such as internal audit and business continuity plan testing.

  • Provide an annual risk management report covering risk management policies and procedures which identify the risks relating to the Company's activities, processes and systems, and where appropriate, set the level of risk tolerated by the Company.

  • Put in place procedures designed to ensure that all applicable risks pertaining to the Company can be identified, monitored and managed at all times, and where appropriate, set the level of risk tolerated by the Company.

  • Assess any risk issues reported to the Chief Risk Officer.

Ref: | Published: 04 Dec 2018