Business Risk Management Officer

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalized service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. The successful candidate will work as part of the Client Lifecycle Management team of InsingerGilissen. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programs.

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

The role holder reports locally to the Netherlands Head of Business Risk Management. 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 in Quintet Netherlands
• 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 requirement

Identification, Management and Monitoring

• 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;
• Support the Risk Control Self-Assessment (RCSA) in Netherlands 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 reviews of new risk incidents and risk issues and recommend process improvements and develop preventive and corrective action plans
• Perform assurance testing on first line controls
• Perform 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

• Academic degree in Finance, Banking, Economics, Mathematics or equivalent
• Proven Business Risk and / or Compliance experience, in particular in a Controller function
• Strong on execution and managing conflicting demands & priorities
   

Attributes and Qualities

• Effective leadership to drive change across organisation
• 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
• Work together, collaborate with all businesses, and engage stakeholders to work with a common purpose
   

Technical Skills

• Risk, Compliance, 1st line Controls, expertise in Excel

Languages Skills

• Fluent in both Dutch and English