Senior Risk Officer

At a glance

The UK Risk Department provides, in an integrated way, oversight of credit, operational, reputational, regulatory and other non-financial risks in the ECRO’s geographical area of control, as outlined in the allocation of roles and responsibilities in the Entities Risk Charter (ERC). 

The objective of the department is to advise on optimising the risk profile and managing all uncontrolled risks for the local organisation through: 

•    providing an integrated overview across the risk taxonomy; 
•    providing an integrated management framework of risk across businesses within AAB and ABF UK Branches; 
•    ensuring a single point of contact towards (local) regulators for risk matters; 
•    monitoring and regular reporting of risks in a clear and concise manner; and
•    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.

Your job

The function of the Senior Risk Officer is to assist in ensuring that the UK Risk Department meets its objectives as detailed above. 

The Senior Risk Officer has the following responsibilities: 

Set Standards and Best Practices
•    Assist with ensuring risk policies set globally as well as locally are applied and adhered to
•    Assist with in optimising systems and procedures to implement and monitor the adherence to the risk policies and appetite of the bank and other related procedures and guidelines
•    Assist in ensuring that systems and procedures are effectively identifying, measuring, monitoring and controlling credit risk, as well as non-financial risks incurred by the bank   
•    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.
•    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 appropriate persons as soon as they are discovered.      

Monitor and Assist with Managing Risk Exposure Across AAB UK and ABF UK
•    Analyse content of the (monthly) Risk and (quarterly) Enterprise Risk Management dashboards submitted by 1st and 2nd line risk owners
•    Assist with the full embedment of the Risk Management Framework in the UK including all Operational Risk instruments
•    Review and analyse Operational Risk Incidents reported to UK Risk and ensure they are captured within AGRC and reported to the UK Risk Committee
•    Assist with monitoring operational risk regularly including participating in the completion of the country-wide annual Risk Self-Assessment (RSA) process
•    Assist with Local and Entity Level Control Assessment requirements
•    Assist in the preparation of a country-wide Strategic Risk Assessment (SRA) annually
•    Participate in the preparation of a country-wide Risk Appetite Statement annually with quarterly reviews and updates as necessary and translate updates into the ERM reporting tool
•    Facilitate the Change Risk Assessments process with the Change owners advising on Operational Risk issues and monitoring registration of evidence of mitigation to address risks registered during the assessment.
•    Coordinate 2nd line assessment of new products and product reviews.
•    Review credit proposals presented to the ECRO by the Transaction Banking Hub and approve within personal credit authority or make recommendations for approval. 

Representation, Networking, and Knowledge Transfer
•    Foster a transparent, risk conscious culture via the development and maintenance of a network of internal and external relationships. 
•    Provide transparency and internal visibility of the risk competence. 
•    Assist with internal risk management training offerings.

Your working environment

ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.

At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.

Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.

We concentrate on our three strategic pillars:

• Support our clients transition to sustainability
• Reinvent the customer experience
• Build a future-proof bank

Our strategy requires a culture of working together and permanent learning. It's only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO's culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.

ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK: 

• Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions 
• Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services

Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.

Your profile

•    Banker with proven track record within a risk function in corporate banking with an excellent understanding of risk management methodologies for both financial and non-financial risks..
•    Strong understanding of risk management tools and the individual instruments within a Risk Management Framework. 
•    A working knowledge of banking regulation and regulatory requirements, as well as other legal and compliance requirements. 
•    Reasonable understanding of bank IT systems, management information, and reporting systems.
•    Very good working knowledge of Excel, Word, PowerPoint and other Microsoft Applications 

What we offer

Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.

We have identified that the following types of flexible working may be suitable for this role in principle.  

Any requests will be determined in line with our Flexible Working Policy:

Type of Flexible Working    Likely to be suitable
Remote Working                   Yes in line with prevailing WFH policy
Unpaid leave                         Yes

Interested?

Are you interested?   Please apply via the button below.

For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.