Business Risk Management, Senior Manager

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

The role of Business Risk Senior Manager, is to support the business in developing first line risk management processes both within Brown Shipley and across the Quintet group. This is a key role to enable the front organisation manage their business risks appropriately.

The role holder reports to the Head of Business Risk Management for Quintet group and the Chief Operating Officer for Brown Shipley and is expected to work closely with the second line of defence functions (compliance and risk) and third line (audit).
The individual will have day to day responsibility for leading the Business Risk Management function within Brown Shipley as well as supporting the Group Head with overall Group initiatives.

The first line Business Risk Management (BRM) function is responsible for:

• Steering the first line of defence at Quintet – including client facing, product, investments, and support functions - in ownership of risks pertinent to their business, including ensuring an understanding of associated risks and an effective control infrastructure
• Consolidating  analyses of regulatory initiatives and their implementation at both Group and local level
• Ensuring consistent approach and standard outcomes on the above
• Fostering a strong culture of risk ownership and accountability across the business

 

Key Accountabilities

Leadership
· Lead a strong first line of defence function, including developing a strong team of first line risk management experts locally
· Lead the risk control agenda in the first line locally which involves 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
· Represent Business Risk Management as a senior leader in both local and Group initiatives, projects, and management forums

Identification, Management and Monitoring
· Embed the Quintet Enterprise-wide Risk Management Framework for non-financial risk for all functions. 
· 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) across entities 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 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 business leads;
· Produce reports/dashboards / key metrics on the risk profile and on control effectiveness for Executive Management. 
· Escalate significant issues and lessons learned to Executive Management
 

Knowledge and Experience

Extensive, proven Business Risk and / or Compliance experience, in particular in a Controller function in a Private Banking institution
Strong on strategic thinking and execution

Attributes and Qualities

Effective leadership to drive change across organisation
Proven ability to deliver on large scale projects and bring people with him/her
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 plus willing to learn about a pan Expanding private bank business
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 (written and verbal); other European languages an advantage but not mandatory

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