Job Description
Accountable to the Board and the CEO, the CRO is a pivotal leadership role in the Bank.
The CRO sits on many management committees of the Bank (EXCO, ALCO, NPAC, Risk
Committee, etc.) and holds the SMF4 regulatory authorisation - providing oversight and
leadership of the credit risk, operational risk, prudential risk, and market risk functions of the
Bank.
Executive Committee Responsibilities:
Collaborating with the Executive Committee to develop and implement the strategic
direction of the UK branch
Provide oversight and coordination of the Bank’s second and third lines of
defense.
Build and lead an effective team by coaching and guiding direct and indirect
reports.
Assist the CEO and the Board in executing any other tasks as may be
required to meet the Bank’s objectives.
Risk Responsibilities:
Working with the CEO and the Board to set the credit, market,
operational and prudential risk strategies and develop a clear risk
appetite statement, with supporting policies.
Provide relevant input into the development of the overall UK
business strategy.
Develop, review, and implement a suitable risk framework and infrastructure
with subsequent on-going maintenance and monitoring to ensure continued
fitness for purpose.
Put in place a control framework to highlight risks and ensure the
infrastructure is in place to manage and mitigate them.
Maintenance and implementation of Risk framework/infrastructure,
policies, and guidelines.
Develop suitable Risk policies and procedures, Risk limits, tolerance
levels and approval authorities and manage the resultant process.
Management of all aspects of the Risk function.
Assist with putting in place processes, tools, and systems to ensure
liquidity risks and capital adequacy are always monitored.
Assist in the development of and manage processes to identify and
evaluate business areas' risks and risk and control self-assessments.
Define, produce, and maintain Risk policies, procedures, processes & other
documentation as required and ensuring they are kept up to date and
maintained in light of any developments.
Ensure a strong and initiative-taking Risk management culture is
embedded in the Bank at all levels, instilling a culture of Risk
awareness to encourage good risk management practices
throughout the organisation.
Provide advice, insight, and guidance on Risk practices to senior
management, the board, and all staff, acting as a “Subject Matter Expert”
for Risk related queries.
Monitor major and critical Risk issues, track developments and
escalate to senior management.
Develop and deliver effective credit, market and operationalreporting
functionalities to provide timely and accurate reporting on key risks for
the UK, escalating to senior management and providing mitigating
actions to address these risks as they emerge.
Jointly with the Chief Finance Officer, preparation and maintenance of
regulatory governance documents – ICAAP and ILAAP - and, as
appropriate, review relevant risk related regulatory returns.
Provide Risk commentary and analysis for Board Reports, the CEO and
relevant business areas, alongside robust and targeted Management
Information for informed decision making.
Monitoring and coordinating activities of Risk teams, supervising,
reviewing output of direct reports, and developing appropriate
performance measures for the team.
Agree team deliverables and accountabilities, holding regular performance
reviews and taking remedial actions where necessary.
Provision of Risk education and training to all staff; supported by
relevant risk policies, procedures, and ensuring that appropriate
documentation is in place.
Chairing the Bank’s Risk Committee (RC) and the New Products &
Activities Committee (NPAC)
Reporting and developing appropriate Risk MI to identify any
potential issues for the Bank.