Head-fir, Europe - London, United Kingdom - eFinancialCareers

eFinancialCareers
eFinancialCareers
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

The Role Responsibilities

Job Summary
SMR Responsibilities delegation - In line with agreed cascades of GCRO SMR sub responsibilities to RMT and other delegates

SMF - Head, Financial Institutions Risk, Europe & Americas
Second line of defence responsibilities
I am responsible for the second line of defence responsibilities related to Credit Risk for FI portfolio which involves oversight and challenge of risk management actions from the First Line, including the following:

  • Support development and maintenance of the CCIB Credit Risk Type Framework ("CRTF") which sets out the overall risk management approach for Credit Risk as applicable to Financial Institutions portfolio
  • Support review of adequacy and effectiveness of the CCIB Credit Risk Appetite statements and metrics, as applicable to Financial Institutions
  • Monitor compliance to Board approved Credit Risk Appetite (as applicable to Financial Institutions) using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
  • For Credit risk (pertaining to Financial Institutions portfolio), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsiblefor ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.

FCA 1- Responsibility for wholesale lending decisions

Responsibilities

Strategy:


  • Plan development of risk parameters for Financial Institutions according to Risk Appetite and Policy Frameworks and documents in underwriting principles
  • Inform the development of business plans for CIB FI Europe & Americas portfolio with the provision of cost and impairment forecasts and a balanced judgement on the external environment
  • Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and disciplin

Business:


  • Communicate the strategic intent and collective agenda for the Function in FIR teams
  • Align strategy of the FIR function with business strategy and risk appetite and supervise the Function in overseeing its execution in their respective regions
  • Maintain and develop the FI Risk function's risk capabilities, and skills to meet ongoing business needs and plans
  • Identify measure and monitor material risk affecting CCIB FI Europe & Americas portfolios in the context of the external market environment.

Processes:


  • Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.
  • Ensure credit approvals are within delegated authorities.
  • Supervise all processes where a member of the Risk function is the identified first line process owner.
  • Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
  • Continuously improve the operational efficiency and effectiveness of the risk management processes.

People & Talent:


  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
  • Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
  • Employ, engage and retain high quality people, with succession planning for critical roles.
  • Responsibility to review team structure/capacity plans.
  • Define an organization structure aligned and scaled to the risk control needs of the business.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
  • Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise shortterm revenues and profits

Risk Management - Assess the credit risk profile of the CCIB FI Europe & Americas portfolio, maintaining alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors

  • Initiate stress tests as required by internal and external factors and review results and assess their implications
  • Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
  • Uphold the integrity of risk / return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite
  • Direct appropriate response to material events or other risk issues that come to SCO, FIR's attention
  • Exercise risk control responsibility for Credit Risk for CCIB FI Europe & Americas portfolio
  • Ensure risk capabilities are objective, consistent and compliant with appropriate regulations
  • Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and businesslevel committees as appropriate
  • Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the job holder, taking account of concentration risk across sectors, geographies and markets. Delegate risk authorities (applicable to CCIB FI Europe & Americas only)to suitable named individuals in line with their skills and judgement
  • Design, maintain and effectively communicate risk control parameters of the CCIB FI Europe & Americas portfolio, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in line with theGroup's risk appetite Maintain a good understanding of the requirements of key external stakeholders in respect of risk m
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