Key Responsibilities
This role will be specifically responsible for supporting the Head of Financial Security ABC & AFTE and Deputy Head of ABC & AFTE where required, as well as providing operational cover/support to UKFS/DMLRO colleagues (e.g. holiday cover, support UKFS workflow response, etc.).
- Work with UKFS management to design and implement an effective risk management framework.
- Working with key stakeholders both locally and globally to ensure that CIB UKs risk management framework remains up to date and in line with regulations and industry best practice.
Local Risk Assessment:
- Lead & drive forward the UK Financial Security risk assessment strategy.
- Build and enhance the UK Financial Security risk assessment framework to ensure consistency, efficiency and effectiveness across all Financial Security risk topics, and develop any UK enhancements required to meet UK legislation and regulatory requirements.
- Develop local tools and enhancements to assist in the interpretation of results and development of an effective risk mitigation programme.
- Deliver training to UKFS SMES in relation to the UK Financial Security risk assessment methodology and tools.
- Co-ordinate the UK Financial Security risk assessment check and challenge that must be undertaken by UKFS, ensuring that SMEs have access to key information to enable this to be performed effectively (e.g. known gaps, HIs etc.).
Group Risk Assessment:
- Work with the Group & CIB teams, CIB UK Business and Operations teams, to ensure the completion of the annual Group FS Risk Assessments (e.g. AGORA, CARE2, Risk Classification and RCSA) for CIB UK.
- Assist UKFS and Business colleagues to interpret the results of the Group RAs and to developing an appropriate risk mitigation plan for CIB UK.
- Provide proactive and constructive support to Group & CIB teams to enhance the methodology of the Global FS RAs.
- Work with wider Compliance and Risk colleagues to ensure coordination with other RA work (e.g. Operational Risk, Compliance Risks etc).
- Ensure that training is delivered to UKFS SMEs in relation to the Group risk assessment methodology and tools.
- Co-ordinate the Group Financial Security risk assessment check and challenge that must be undertaken by UKFS, ensuring that SMEs have access to key information to enable this to be performed effectively (e.g. known gaps, HIs etc.).
Historical Incidents:
- Create and oversee a UK Financial Security Historical Incident (HI) framework.
- Act as UKFS Single Point of Contact (SPOC) for HIs.
- Oversee the monitoring and reporting of UK Financial Security related HIs.
Customer, Product and Sector risk assessment:
- Act as UKFS Single Point of Contact (SPOC) for the Group owned Customer, Product and Sector risk assessment, ensuring that any UK requirements are fed into Group and changes are cascaded across CIB UK.
- Contribute towards the production of regular Management Information and Committee packs.
- Contribute towards the production of an annual Money Laundering Reporting Officer Report.