MD, Head - Financial Institutions Risk, Europe & Americas

Job Summary

We are hiring for the role of Head, Financial Institutions Risk for Europe & Americas. This is a Managing Director level role and will be based in the UK.

In this role you will be responsible for the second line of defence responsibilities related to Credit Risk for FI portfolio for Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) which involves oversight and challenge of risk management actions from the First Line, including the following:

• Support development and maintenance of the CIB Credit Risk Type Framework (“CRTF”) which sets out the overall risk management approach for Credit Risk as applicable to Financial Institutions portfolio for Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) portfolio
• Support review of adequacy and effectiveness of the CIB Credit Risk Appetite statements and metrics, as applicable to Financial Institutions portfolio for Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments)
• Monitor compliance to Board approved Credit Risk Appetite (as applicable to Financial Institutions, for Europe & Americas excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) using the risk information report and highlight significant matters for the attention of senior management and senior risk committees.
• For Credit risk (pertaining to Financial Institutions portfolio for Europe & Americas, excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments), provide independent oversight and challenge of all credit origination activities and approve credit risk exposures proposed by the First Line of Defence based on delegated authorities. Responsible for ensuring that the quality of the portfolio is being maintained within acceptable parameters and for escalating significant risks and issues to the senior Management and senior risk committees as appropriate.
• Provide evidence based annual affirmation to the CRO, CIB on the effective management of Credit risk for Financial Institutions portfolio for Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments).

You will also be responsible for final credit decisions for wholesale lending facilities, pertaining to the Financial Institutions portfolio for Europe & Americas (excluding Real Money Funds and Hedge Funds portfolios and Private Equity & Other Investment Funds sub-segments).

• Plan development of risk parameters for Financial Institutions portfolio for Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) according to Risk Appetite and Policy Frameworks and documents in underwriting principles
• Inform the development of business plans for CIB FI Europe & Americas portfolio with the provision of cost and impairment forecasts and a balanced judgement on the external environment
• Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline
• Be the single point of contact as necessary for all matters linked to Credit Risk portfolio for FI Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments).

• Communicate the strategic intent and collective agenda for the function in FIR Europe & Americas Risk teams
• Align strategy of the FIR Europe & Americas with business strategy and risk appetite and supervise the Function in overseeing its execution in their respective regions
• Maintain and develop the FI Risk function’s risk capabilities, and skills to meet ongoing business needs and plans
• Identify measure and monitor material risk affecting CIB FI Europe & Americas (excluding Real Money Funds & Hedge Funds and Private Equity & Other Investment Funds sub-segments) in the context of the external market environment.

• Control portfolio within the set risk parameters to ensure risk profile within Risk Appetite.
• Ensure credit approvals are within delegated authorities.
• Supervise all processes where a member of the Risk function is the identified first line process owner.
• Ensure effective management of the operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations.
• Continuously improve the operational efficiency and effectiveness of the risk management processes.

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and…