
Banking Job - Mandarin speaking Head of Risk Management - London - wm
- London
- Contract
- Full-time
- up to £150k, depending on experience
- Permanent
- Central London
- Ref: 23065
- are fluent in Mandarin Chinese
- have experience of best practice risk management and governance frameworks in commodity or energy sector
- are familiar with a number of risk types, including credit, market, liquidity, operational risk etc.
- Responsible for the daily operations and human resources allocation of the Risk Management Department;
- Developing and enhancing risk management policies, mechanisms, instructions and procedures; engaging the board and seeking board approval where appropriate;
- Maintaining close and effective communication with the group in relation to Risk policies update and implementation included attending HO meetings where required;
- The provision of timely and effective risk management information to the board;
- Setting various risk management indicators and monitoring measures; performing daily monitoring over various risk aspects;
- Executing internal control procedures and providing advice and recommendations to management on those procedures;
- Ensuring that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth;
- Providing oversight and challenge of the firm's systems and controls in respect of risk management, such as annual ORCA review;
- Providing oversight and validation of the firm's external reporting of risk;
- Providing risk assessment and recommendations over business projects or new products launch;
- Dealing with unexpected major risk events and providing remedial measures; communicate immediately to the senior management and the Risk Management Division of the Holding Company;
- Ensuring the adequacy of risk information, risk analysis and risk training provided to members of the firm's governing body;
- Reporting to the firm's governing body on the firm's risk exposures relative to its risk appetite and tolerance, and the extent to which the risks inherent in any proposed business strategy and plans are consistent with the governing body's risk appetite and tolerance;
- Maintaining and developing margin models for current and new products/markets; maintaining and backtesting liquidity risk model (including stress testing);
- Providing risk input to the ICARA process, such as regular review/update of stress testing, company risk register, reverse stress testing etc;
- Risk Management Committee (RMC), supervising sub-committees such as Credit Committee, Electronic Trading Committee, and Procurement Committee;
- Overseeing the NPA process via RMC;
- Leadership skills, including the ability to exercise oversight of risk governance
- Considerable knowledge and experience of best practice risk management and governance frameworks, methodologies, and practices
- Proven ability to oversee a number of risk types, including credit, market, liquidity, operational risk etc.
- Knowledge of regulatory environment and key regulatory regime.
- Experience with the commodities or energy market.
- Strong financial analytical skills and IT skills