Business Risk Management Senior Officer

InsingerGilissen, Amsterdam, NLD, 1017 BV
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Purpose of the Job


A new consolidated group Business Risk Management (BRM) function has been created as a first line risk function, with main purpose:


• to steer the first line of defence at Quintet in ownership of risks pertinent to their business by leading the newly created function of Business Risk Management

 

• to consolidate analyses of regulatory initiatives and their implementation at both Group and local level

 

• to ensure consistent approach and standard outcomes on the above


The role of the Senior Officer, Business Risk Management in the Netherlands is to ensure that there is a robust 1st line of controls framework in place locally. This is a key role to enable the first line organisation to manage their business risks appropriately.


The role holder reports locally to the COO and functionally to the Group Head of BRM. He/she is expected to work closely and collaboratively with the Group BRM team, the business, as well as the local 2nd and 3rd line of defence functions (compliance, risk and audit).

Key Accountabilities


Leadership

· Contribute to the design and establishment of a strong first line of defence function, and manage a team of approximately 3

· Within the context of the Group First Line Controls Framework , develop appropriate processes and controls that aim to ensure that the risks related to the business are identified, analysed, measured, monitored, managed, reported and kept within the limits of the bank’s risk appetite and that the business activities are in compliance with external and internal requirements


Identification, Management and Monitoring

· Embed the Quintet Enterprise-wide Risk Management Framework for non-financial risk for all functions in the Netherlands

· Ensure strong business risk procedures and processes are documented, implemented and maintained. This includes implementation of regulatory initiatives for the group and locally, as appropriate;

· Lead the Risk Control Self-Assessment (RCSA) in the entity by engaging with the business to identify and assess risks against existing controls, ascertain issues/control weaknesses and develop actions to remediate control gaps and improve processes

· Ensure risk incidents and risk issues are captured in the risk tools and escalated in a timely way

· Conduct root cause analysis on new risk incidents and risk issues and recommend process improvements and develop preventive and corrective action plans

· Develop and maintain the first line controls framework (design and operating effectiveness) and the implementation / execution in the entity ensuring completeness, appropriateness and process efficiency.

· Conduct proactive risk reviews on business processes end-to-end to identify improvement opportunity areas.

· Monitor Key Risk Indicators

· Maintain industry awareness, best practice insight and regulatory knowledge


Reporting and Communications

· Analyse control results and define measures to address weaknesses together with the local business leads;

· Produce reports/dashboards / key metrics on the risk profile and on control effectiveness for the Group BRM management

· Escalate significant issues and lessons learned to Group BRM management

Knowledge and Experience


- Proven Business Risk, Audit, and/or Compliance experience, in particular in a controls context

- Strong on execution and managing conflicting demands & priorities

Attributes and Qualities


- Effective leadership to drive change across organisation

- Strong track record to deliver on projects

- Ability to communicate effectively, influence and persuade at various levels

- Be able to evolve in a matrixed / changing and complex environment

- Global understanding of private banking processes is a strong advantage

- Work together, collaborate with all businesses and engage stakeholders to work with a common purpose

Technical Skills


Risk, Compliance, Audit, 1st line Controls

Languages Skills


Fluent in English (written and verbal); other European languages an advantage but not mandatory

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