Careers
Job Role: Risk Manager
Based at: London
Overall Purpose of the role:

The objective of the Risk Department is to optimize the risk profile and manage all uncontrolled risks for the local organisation through:

  1. Providing an integrated overview across the risk grouping;
  2. Providing an integrated risk management framework across businesses;
  3. Ensuring a single point of contact towards (local) regulators for risk matters;
  4. Monitoring and regular reporting of risks in a clear and concise manner;
  5. Effecting checks to ensure adoption of policies, plans, rules and procedures to decrease the risk of unexpected losses or damage to the bank's financial position and reputation.
General Overview of objectives of the Job:

The main duties, responsibilities and accountabilities include, but are not limited to:

Manage and/or assist the Head of Compliance and the MLRO with the following:

  • Set Standards and Best Practices
  • Assist with ensuring risk policies set in India as well as locally are applied and adhered to;
  • Assist with ensuring that systems and procedures are set up to implement and monitor the adherence to the risk policies of the bank and other related procedures and guidelines;
  • Ensure that systems and procedures are set up to, identify, measure, monitor and control credit, market and operational and AML risks incurred by the bank and reporting the same to the competent authorities at prescribed intervals.
  • Assist in evaluating risk management frameworks and the assessment and measurement of risk;
  • Assist with managing local risk processes to ensure an integrated approach, operational efficiency, effectiveness and the application of best practice; Monitor and assist with Management of the Risk Processes
  • Assist with ensuring the existence of independent risk management processes and discipline and consistency with risk standards, policy and appetite;
  • Assist with monitoring control processes for financial and non-financial risks i.e. operational risk, market risk, credit risk, liquidity risk, etc
  • Assist in Identifying risk control weaknesses, report them and require corrective actions as necessary.
  • Respond to or escalate recognised and potential risk issues to the senior management at local and Head Office Levels as soon as they are discovered. Monitor and Assist with Managing Risk Exposure
  • Prepare the monthly UK Risk Committee reporting pack, including the actual minute taking, filing and record keeping;
  • Administer and collate the Risk Control & Follow up Dashboard (RCFUD) on a monthly basis.
  • Assist with the full embedment of the Risk Management Framework in the UK Branch
  • Review and analyse Operational Risk Incidents reported to UK Risk and ensure they are captured within and reported to the UK Risk Committee.
  • Assist with monitoring operational risk regularly and the completion of the business-wide annual Risk & Control Self-Assessment process;
  • Assist in the preparation of a business-wide Strategic Risk Assessment (SRA) annually.
  • Assist in the preparation of a business-wide Risk Appetite Statement annually with quarterly reviews and updates, when necessary; Foster a Transparent, Risk Conscious Culture
  • Help to report periodically on the overall risk profile / update on key issues to central and local organisation.
  • Communicate with stakeholders to demonstrate compliance with requirements in relation to risk management.
  • Provide transparency and (internal) visibility of the risk competence.
  • Develop and maintain a network of internal and external relationships to create awareness for the optimisation of the use of risk surveillance.
  • Provide Management Information on the risk exposures including Interbank exposures, Interest Rate Risk, Liquidity, Value at Risk, Mismatch Gap etc. and update dealers with Value at Risk, Mismatch gap, Spot Position, Open currency position etc. on a daily basis.
  • Stress Test the liquidity mismatch position and value at risk using stress test scenarios as stipulated by ALCO Update dealers
  • Assist with internal risk management training offerings.
  • Actively participate in as a member in relevant committees;
  • Provide regular Management Information reports to our Parent Company and other ad hoc reports as required;
  • Ensure that own continuous training and development is maintained
  • Review and update Branch policies, procedures and processes.
  • Monitoring the risk limits of the Branch, ensuring that the same are within the prescribed tolerance level and reporting the same to the competent authorities at prescribed intervals
  • Ensure that all the guidelines laid down by Board approved Risk Management policies of the parent bank are adhered to.
Eligibility Criteria:
  1. Primary education requirement : Degree level education
  2. Desirable education requirement: Finance or business related Degree/Diploma
  3. At least 3+ years relevant experience in Risk management gained within a banking/ financial services environment.
  4. Proven ability/experience in the specific area for which the person is being recruited.
  5. Good knowledge of written and spoken English
  6. Demonstrable leadership skills
  7. Knowledge of computer operations and common office software like MS Office etc.
  8. Knowledge of UK regulatory norms. Knowledge of Reserve Bank of India norms.
  9. The candidate must be able to prove that ,is eligible or will be eligible on the proposed commencement date, to work in UK
Job Application Form

***Last date for submission of duly signed CV along with the application form is 26/10/2018 - E-mail to hr@syndicatebank.co.uk



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Syndicate Bank, London is Authorised and Regulated by the PRA/FCA in UK.