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Chief Risk Officer PCF 14

Ref: 75579

  • Highly Competitive Remuneration Package
  • 04 Nov 2021
  • Retained

The Chief Risk Officer (“CRO”) will be responsible for designing, implementing and maintaining an effective risk management framework and system for this regulated E-money institution.

 

Key Responsibilities:

  • Design and implement a risk governance framework that is fitting and appropriate for scale incorporating risk - policies, appetite statement and tolerances, impact evaluations, internal control systems and risk models, systems and procedures
  • Lead, develop and mentor an expert Risk team
  • Sit as a non-director member on the board’s Risk Committee; prepare, contribute and engage with the Chair and other members of the committee in fulfilling the committee’s objectives
  • Embed top risks in metrics and ensure those risks are actively managed within the business
  • Join and participate in relevant industry bodies and forums, review and analyse consultation papers and proposed regulatory changes and emerging technologies
  • Manage fraud risk effectively
  • Design, develop and own an industry-leading dispute management and KPI report system
  • Serve as the company’s credit officer by preparing monthly/ quarterly credit exposure reports
  • In close cooperation with the Chief Compliance Officer and MLRO, assess and manage the broad Compliance and Money Laundering risks of the business through
  • Working closely with functional heads, maintain the company’s Risk Register of key risks,
  • Manage product risk for issuing and acquiring by conducting analysis and assessments of the regulatory, commercial and market risks for the products
  • Design, implement, communicate and oversee a comprehensive business continuity and disaster recovery plans
  • Maintain a Risk Incident Log to capture the occurrence, management, remediation policies
  • Design and launch a continuous risk assessment of our operating business model, platforms, processes to ensure operations are a strong first line of defense
  • Ensure the appropriate operational controls are in place for the business (such as merchant activity review, transaction monitoring, limits management)
  • Ensure sufficient and effective oversight of outsourcing relationships
  • Instill a programme of operational resilience assessment and reporting for all key operational processes in collaboration with the Chief Compliance Officer and CISO;
  • Prepare clearly defined monthly operational KPIs and strategic performance metrics on all aspects of the risk governance framework for review with the CEO and senior management

The Ideal CRO candidate profile:

As a member of the leadership team of a regulated E-money institution, the CRO should be someone who is comfortable interacting with board and executive management, deeply knowledgeable of risk in the payments industry, and capable of operating in a dynamic, innovative and fast-paced environment.

 

  • Significant experience in a senior risk management role in the banking, E-money or payments industries, holder of PCF-14 approval by the Central Bank of Ireland a definite advantage;
  • Experience with outsourcing, SLAs and managing of outsourced activities;
  • A strong track record of stakeholder management with experience of working as part of an executive team and / or reporting to boards or investors
  • Relevant third level education and ideally a master’s degree in finance, law, risk / IT with additional certifications would be advantageous
  • A natural team player with excellent interpersonal and communication skills to work effectively with leadership team and to collaborate around a common mission and Risk strategy;
  • A critical thinker with excellent analytical skills and a proven ability to evaluate and determine risks, manage multiple projects and initiatives, take a consultative, solutions approach
  • Extensive practical experience of Risk governance practices, and practical experience of implementing Risk policies and procedures; demonstrable knowledge of regulatory, risk, and compliance controls; strong understanding of industry frameworks, standards and regulations;
  • Extensive experience in managing outsourced Risk-related service providers;

Remuneration Package

Exceptionally Attractive & Competitive 
Contact
For a confidential discussion, please contact
Estelle Davis or email Brightwater Executive or click the apply button below.