Head of Financial Risk - Leeds, United Kingdom - UKIB

UKIB

Verified Company

Leeds, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About UK Infrastructure Bank

Job purpose

Provide strategic direction and accountability for the delivery of an effective internal Financial Risk framework, underpinned by processes and controls that ensure compliance with all regulatory, financial and operational requirements.

Core responsibilities

Develop and implement a strategy, framework and plan and associated policies, standards and procedures to drive, promote and maintain a strong Financial Risk culture within the business
Provide strategic direction to UKIB's senior management team on financial risk matters and oversee the associated systems and controls, to ensure management of associated current and future risk.
Monitor and test the Bank's financial risk profile, including limits and early warning indicators, to ensure we remain within Boardapproved risk appetite
Monitor overall portfolio credit risk (default probability, stress testing, risk rating distribution, portfolio concentration) to ensure the financial risk profile is understood and within appetite
Conduct second line review and approval of investment proposals (Debt, Equity and Guarantees) and maintaining a good balance between return and risks exposure, and provide guidance and recommendations for the Early Engagement Committee and Investment Committee
Review and challenge data including data relating to credit risk models used for underwriting, financial forecasting, and stress testing, and the ECL model and economic capital model to ensure the adequacy of IFRS9 general provisions, liaising with internal stakeholders and External Auditors as required
Chair the Model Risk Oversight Committee and oversee model validation to ensure quality, consistency and governance of financial risk models and data
Development, coordination and delivery of financial risk management information and intelligence about developments and prospective financial risks and exposures in the portfolio and deliver these in a timely manner to Senior Management, Board, and auditors as required
Oversight of the financial risk system architecture and reporting of financial risk data from the IT systems and financial risk management systems, the testing and validation of Financial Risk valuation models and the development of financial risk measurement methodologies
Engage a highperforming team to deliver the function's strategic and financial risk framework
Prepare and present clear and concise financial risk reports and recommendations to UKIB's Executive Committees, Board and Board committees to ensure compliance with current and future regulations
Ensure and, where appropriate, conduct internal financial risk reviews, audits, investigations and monitoring activities, including periodic reviews of functions, and ensure all actions from audits and reviews, including internal and regulatory audits, are implemented

Required behaviours, experience and technical Skills

Experience

Extensive experience of financial risk management
Experience leading a highperforming team
Exposure to working with Board level colleagues
Experience of infrastructure finance, corporate and project finance
Experience of working with government would be an advantage but not essential

Knowledge

Deep knowledge and expertise of infrastructure investment, credit and market risk
Knowledge of equity and debt products as well as guarantee schemes is required

Skills

Strong analytical skills combined with the ability to communicate complex information in a simplified manner
Peoplefocused leader with the ability to build collaborative teams, develop people and link performance to overall business objectives.
The ability to manage a team with a broad range of experience and technical skills
Possess strong presentation skills; demonstrate ability to present to committees and senior management
Excellent communication, listening, and writing skills.
Strong attention to detail and wellorganized; ability to prioritize, multitask and work well under pressure
Ability to think strategically and have vision while also focusing on the details and execution
Selfmotivated and works well independently; capable of taking initiative without prompting
Strong problemsolving techniques, including the ability to identify, research and resolve unfamiliar issues and ability to clearly communicate issues to key stakeholders