Job Introduction
An opportunity has arisen within our Wealth Risk department for a Senior Risk Manager.
The Wealth Risk department is the team that is responsible for overseeing the implementation of the Risk Management Framework across the Wealth business, including the Asset Management, Authorised Corporate Director and Wealth Management business areas. The team, amongst other things, oversees operational, governance, capital and liquidity, investment and market, and emerging risks in Wealth, and delivers risk reporting to relevant management and Board level committees. The breadth of the deliverables demands a flexible and collaborative approach between team members and across the wider risk control function (2LOD).
Main Responsibilities
- Supporting the annual and ongoing ICARA processes, including input, review and challenge
- Review and challenge of prudential regulatory reporting and disclosures
- Designing and delivering operational risk scenario analysis, working on this with colleagues in the wider UKR function as appropriate
- Leading on investment risk oversight matters, including challenge of the investment process and outcomes
- Leading on settlement/trading oversight risk matters, including reviewing limit alerts and reviewing proposals for changes to counterparty limits and counterparty list additions/removals
- Managing the Wealth-related elements of the Risk Management Framework (RMF), including agreeing the risk taxonomy and agreeing risk tolerances and recommending these to the Board, and ensuring the RMF meets regulatory expectations for the Wealth business
- Monitoring, analysing and escalating breaches of risk tolerances and early warning indicators
- Providing independent oversight and challenge across the Wealth business, as well as advice, support, guidance and training
- Owning and continually developing internal risk reporting for the Wealth business, including progressing streamlining and automation, with the support of an analytics and reporting team as required
- Contributing to strategic initiatives and projects as required
- Participating and presenting at applicable governance fora as required
- Acting as delegate for the Head of Risk - Wealth, including key governance committees and project steering groups as and when required
- Helping to promote and embed good risk management practices and a strong risk culture, supporting awareness, accountability and effective risk-based decision making
Ideal Candidate
- Strong understanding of asset management and wealth management, and experience of investment risk oversight
- Hands on experience with prudential requirements, specifically relating to ICARA
- Experience of Risk Framework components such as policies, risk tolerances and governance
- Preparation of high quality MI and analysis, and experience of presenting to senior stakeholders
- Ability to work on own initiative and enjoy the responsibility of delivering outcomes
- Be proactive and evidence a strong ability to drive change
- Excellent organisational, interpersonal and communication skills in both written and spoken English
- Ability to influence others
Company Information
Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long‑term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.
The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.
At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long term successful career with the Bank.
What is in it for you?
- We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
- Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
- A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)
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