Senior Risk Officer
At a glance
The Senior Risk Officer is positioned in the Risk department and reports to the Entity Chief Risk Officer (ECRO).
Overview of the department
The UK Risk Department provides, in an integrated way, oversight of credit, market, operational, liquidity, reputational, regulatory and other non-financial risks in the ECRO’s geographical area of control, as outlined in the allocation of roles and responsibilities in the Entities Risk Charter (ERC).
The objective of the department is to advise on optimising the risk profile and managing all uncontrolled risks for the local organisation through:
• providing an integrated overview across the risk taxonomy;
• providing an integrated management framework of risk across businesses within AAB and ABF UK Branches;
• ensuring a single point of contact towards (local) regulators for risk matters;
• monitoring and regular reporting of risks in a clear and concise manner; and
• effecting checks to ensure adoption of policies, plans, rules and procedures to decrease the risk of unexpected losses or damage to the bank’s financial position and reputation.
Your job
The Senior Risk Officer has the following responsibilities:
Set Standards and Best Practices
• Assist with ensuring risk policies set globally as well as locally are applied and adhered to;
• Assist with in optimising systems and procedures to implement and monitor the adherence to the risk policies and appetite of the bank and other related procedures and guidelines;
• Assist in ensuring that systems and procedures are effectively identifying, measuring, monitoring and controlling credit, market, liquidity, business, and non-financial risks incurred by the bank.
• Assist in evaluating risk management frameworks and the assessment and measurement of risk;
• Assist with managing local risk processes to ensure an integrated approach, operational efficiency, effectiveness and the application of best practice;
Monitor and assist with Management of the Risk Processes
• Assist with ensuring the existence of independent risk management processes and discipline and consistency with risk standards, policy and appetite;
• Assist with monitoring control processes for financial and non-financial risks i.e. operational risk, market risk, credit risk, liquidity risk, etc.
• Assist in identifying risk control weaknesses, report them and require corrective actions as necessary.
• Respond to or escalate recognised and potential risk issues to the appropriate persons as soon as they are discovered.
Monitor and Assist with Managing Risk Exposure
• Analyse content of the (monthly) Risk and (quarterly) Enterprise Risk Management dashboards submitted by 1st and 2nd line risk ownersb
• Assist with the full embedment of the Risk Management Framework in the UK including all Operational Risk instruments
• Review and analyse Operational Risk Incidents reported to UK Risk and ensure they are captured within AGRC and reported to the UK Risk Committee
• Assist with monitoring operational risk regularly and the completion of the country-wide annual Risk Self-Assessment (RSA) process
• Assist with Local and Entity Level Control Assessment requirements
• Assist in the preparation of a country-wide Strategic Risk Assessment (SRA) annually. The completion of the SRA will be required for the Management Control Statement (MCS), to be signed by Exco annually
• Oversee the preparation of a country-wide Risk Appetite Statement annually with quarterly reviews and updates as necessary and translate updates into the ERM reporting tool
• Facilitate with the change risk owners the preparation of Change Risk Assessments advising on Operational Risk issues and monitoring registration of evidence of mitigation to address risks registered during the assessment.
• Coordinate 2nd line assessment of new products and product reviews.
• Maintain oversight of the credit portfolios of the UK Businesses.
• Review credit proposals presented to the ECRO by the Transaction Banking Hub and make recommendations for approval.
Your working environment
ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.
At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.
Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.
We concentrate on our three strategic pillars:
• Support our clients’ transition to sustainability
• Reinvent the customer experience
• Build a future-proof bank
Our strategy requires a culture of working together and permanent learning. It’s only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO’s culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.
ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:
• Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions
• Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services
Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.
Your profile
Required employment experience / skills
• Banker with at least 10 years’ experience of Corporate Banking with relevant qualifications and an excellent understanding of risk management methodologies for both financial and non-financial risks..
• good understanding of risk management tools and the individual instruments within a Risk Management Framework.
• A good knowledge of banking regulation and regulatory requirements, as well as other legal and compliance requirements.
• Reasonable understanding of bank IT systems, management information, and reporting systems.
• Very good working knowledge of Excel, Word, PowerPoint and other Microsoft 365 Applications
What we offer
Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.
Interested?
Are you interested? Please apply via the button below.
For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.