Deputy Chief Risk Officer - London, United Kingdom - Quantum Group
Description
The deputy CRO is accountable for the Bank's Day to day risk management in line with the Risk Governance Framework (RGF) and the Board Approved Risk Appetite Framework (RAF) while providing oversight to the Bank's systems and controls (SYSC).
Deputy Chief Risk Officer should:
- Ensure that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth;
- Provide oversight and challenge of the firm's systems and controls in respect of risk management;
- Provide oversight and validation of the firm's external reporting of risk;
- Ensure the adequacy of risk information, risk analysis and risk training provided to members of the firm'sgoverning body;
- Report to the firm's governing body on the firm's risk exposures relative to its risk appetite and tolerance, and the extent to which the risks inherent in any proposed business strategy and plans are consistent with the governing body's risk appetite andtolerance. The Chief Risk Officer should also alert the firm's governing body to and provide challenge on, any business strategy or plans that exceed the firm's risk appetite and tolerance; and
- Develop a Risk inventory and Risk register
- Responsible for formulation/review, in consultation with the CEO, of the Credit Policy, Credit Manual, Asset Classification & Provisioning Policy, Collateral Management Policy & Risk Governance Framework
- Responsible for review of ICAAP and ILAAP
- Leading the response on regulatory queries vis a vis the Risk Management Framework upon CEO request
- Leading the Risk & Control Self-Assessment (RCSA) across the bank
- Ensure that risk related models and methodologies are appropriate for bank's use and are reviewed andvalidated on a periodic basis
- Oversee the Operational Risk Management Framework
- Monitor, control and escalate limits and policy breaches
- Capital and liquidity stress testing
- Development / regular upkeep of scoring/rating and other risk models
- Approval of Scoring/Rating of all eligible advances
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