Business Risk Management / Risk Assessment Officer

Brown Shipley, London, GBR, EC2R 7HE
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Purpose of the Job

At Quintet, we are looking for talented, passionate people who are eager to help us build the leading challenger private bank in Europe, and beyond. Is that you?

Here we are promoting hybrid working, three days a week in the office. 
This is a fantastic opportunity to gain exposure and experience working broadly covering Risk, Compliance & Audit not only in Brown Shipley but across the Quintet Group. The role can be based in either our newly refurbed London office or brand new offices in Manchester. 

The Quintet Business Risk Management (BRM) function is 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 actively participating in the newly created function of Business Risk Management 
• to identify, prioritise and address risks to minimise unexpected incidents.
• 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 Junior Officer, working in Business Risk Management in the UK is to assist in ensuring a robust 1st line of controls framework is in place locally. This is a key role to enable the front organisation manage their business risks appropriately. 

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, operational risk and audit).

Key Accountabilities

Identification, Management and Monitoring
·Support the Risk Control Self-Assessment (RCSA) in the UK and across Quintet Group 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
·Assist in management of the Group RCSA process by scheduling workshops, training, tracking progress, following up with business functions, and creating management updates and reporting
·Assist the first line functions in developing 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
·Working with the business to provide training and support in the implementation of a good risk culture.
·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 a proactive risk reviews on business processes end-to-end to identify improvement opportunity areas.
·Oversight and Governance of Outstanding Action points in 1LOD, covering RCSA, ERI, Audit, Compliance and regulatory requirements.Monitor Key Risk Indicators
·Assist local manager & Group BRM in projects that arise during the course of business.
·Maintain industry awareness, best practice insight and regulatory knowledge 
·Business Continuity Management – Assist in the monitoring of BCM planning, testing, training and governance.
·Operational Resilience – Help in the development of the Operational Resilience framework in line with local regulatory guidance.
·Outsourcing – Oversight of the monitoring of the Outsourcing Service providers.

Reporting and Communications
·Analyse control results and define measures to address weaknesses together with the local business leads;
·Assist in the production of reports/dashboards / key metrics on the risk profile and on control effectiveness for the Group BRM management
·Escalate significant issues and lessons learned to line manager/ Group BRM management

Knowledge and Experience

Proven 1st line Business Risk and / or Compliance experience, 
Specific experience in Risk and Control Self-Assessment execution in a financial firm is necessary

Attributes and Qualities

Strong track record to deliver on regulatory 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
Confident decision maker who can engage proactively in debate/ challenge
Ability to keep a cool head whilst working under pressure
Work together, collaborate with all businesses and engage stakeholders to work with a common purpose

Technical Skills

Risk, Compliance, 1st line Controls

Languages Skills

Fluent in English

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