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Head of Enterprise & Operational Risk

Information About This Job

Job Title: Head of Enterprise & Operational Risk
Contract Type: Permanent
Location: London
Industry:
Contact Name: Ben Kinley
Contact Email: bkinley@lawsonchase.com
Job Published: 9 months ago

Job Description

Our client is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow. They are now seeking to appoint a Multi Asset Head of Enterprise & Operational Risk.

 

Key Responsibilities

The purpose of this role is to lead Enterprise and Operational Risk within Multi Asset and support an effective link with the broader risk function. The role will support the CRO Multi Asset (MA) in the build out of the Enterprise and Operational Risk model for the business, in line with the firm’s structure, and provide the CEO MA and executive team with appropriate guidance and advice to ensure best practice and continuous improvement, in line with the evolving business needs and risk appetite. In addition, the role will support the ERM Director and team to set up the Enterprise and Operational risk framework and control infrastructure in preparation for managed separation of the overall business.

 

  • Develop and maintain the Enterprise and Operational Risk Management framework for Multi Asset to satisfy governance, risk and regulatory requirements that are appropriate for the business as it evolves

  • Build and maintain strong relationships with the MA executive and wider risk organisation to enable effective operational and enterprise risk management, aligned across all the businesses

  • Support and embed the risk framework and controls within MA, influencing the culture, attitude to, and understanding of, risk across the business

  • Provide oversight and challenge of MA senior management in relation to the adequacy and effectiveness of systems and controls over operational risk, including anti-money laundering, and measure via KPI metrics

  • Engage in strategic business development/key change management initiatives to ensure that operational risk exposures are considered and addressed, and to drive the operational risk agenda in support of the business goals

  • Engage with and support the broader Risk and Compliance team and work together to ensure the function maintains and develops the required skills and a strong succession and  future talent pool

  • Support the wider company strategy and operating model, including its values, standards and policies

  • Develop and maintain the Enterprise and Operational Risk Management framework for Multi Asset to satisfy governance, risk and regulatory requirements that are appropriate for the business as it evolves

  • Build and maintain strong relationships with the MA executive and wider risk organisation to enable effective operational and enterprise risk management, aligned across all the businesses

  • Support and embed the risk framework and controls within MA, influencing the culture, attitude to, and understanding of, risk across the business

  • Provide oversight and challenge of MA senior management in relation to the adequacy and effectiveness of systems and controls over operational risk, including anti-money laundering, and measure via KPI metrics

  • Engage in strategic business development/key change management initiatives to ensure that operational risk exposures are considered and addressed, and to drive the operational risk agenda in support of the business goals

  • Engage with and support the broader Risk and Compliance team and work together to ensure the function maintains and develops the required skills and a strong succession and  future talent pool

  • Support the wider strategy and operating model, including its values, standards and policies

  • Support the establishment of the Operational Risk framework in preparation for managed separation status that enables it to quantify and validate the operational risks across all business units

  • In the longer term, the group support aspect of the role may expand

 

Person Specification

As a person holding a Senior Management Function within the firm, the role holder is required to demonstrate ongoing fitness and propriety and adherence to the following Conduct Rules and Standards:

  • You must act with integrity

  • You must act with due skill, care and diligence

  • You must be open and co-operative with the FCA, the PRA and other regulators

  • You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively

  • You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system

  • You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively

  • You must disclose appropriately any information of which the FCA or PRA would reasonably expect notice

  • When exercising your responsibilities, you must pay due regard to the interests of current and potential future policyholders in ensuring the provision by the firm of an appropriate degree of protection for their insured benefits

  • You must pay due regard to the interests of customers and treat them fairly

  • You must observe proper standards of market conduct

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