Employer: Resource Solutions Salary: Date Added: 04/12/2023
Job Title: Business Control Risk Management Officer
Location: London (hybrid)
Scope and Purpose of the Role: The Business Control Officer UK (BCO UK) will assume delegated risk ownership for ABF UK and provide expertise on strengthening ORM first line responsibilities and co-ordinate with second line (Operational Risk) on training and instruction of risk control requirements and risk assessments. The ownership of the Banks risk control framework remains with 2LoD.
The BCO UK will be responsible for securing the ABF UK License to Operate by ensuring that ABF UK have their ‘House in Order’. The incumbent will be required to take ownership of risk and control related issues and provide regular reporting and MI. The incumbent will also be accountable for oversight of all ABF UK non-financial risks and responsible for supporting the 1LoD in BAU execution of change.
Key Responsibilities: Areas of focus will be:
Non-financial Risk Management;
Audit Management & Regulatory;
Compliance, Legal & HR; and
Change Management
Activities include but are not exhaustive:
Assuming delegated Business Lead responsibilities for risk related topics;
Lead the ABF UK RSA and SIRA processes, coordinating with the Risk & Oversight ABF team in Head Office and the Management Control & Regulations Officer in UK Process and Control;
Review and comment on the SIRA and RAS ABF overall output looking at it from a UK perspective to ensure all risks are adequately described and mediated to meet UK regulatory standards;
Responsible for the design, monitoring of MC&T’s, REM’s and all actions that are required after execution of the risk instruments, including setting up working groups to close identified gaps;
First contact person between ABF UK, AAB UK P&C and AAB I&ORM 2nd line stakeholders AAB UK on the status and content of REM’s, MC&T’s and RSA’s;
Lead any RSA deep dives into specific processes for ABF UK, working closely with other business Control colleagues across the NWE franchise to share information and collaborate as required;
First contact person with 2nd line I&ORM on the status and content in relation to ABF UK of IMAT’s, REM’s, MC&T’s and RSA’s, working together with BC ABF to provide insights;
Provide input for local reporting of ABF UK, AAB UK and 2nd line I&ORM UK (based on PowerBi dashboard);
Provide input as required to the overall ABF production of the ERM dashboard as required; and
Provide input for the local Risk & Control meeting (based on PowerBi dashboard) on all 1LoD risk operational activities.
The BCO UK will take 1LoD responsibility for defining effective, relevant and complete:
Risk Self Assessments (RSAs) – Pro-active input to the RSA to ensure UK risks are adequately documented and where required remediation documented with appropriate follow up
Risk Control Follow Up Dashboards (RCFUDs) – Pro-active support to the business to correctly detail the elements of the dashboard
Issue Management and Tracking (IMAT)
Incident Reports, including following up on Events and Near Misses – Pro-active involvement in both the documentation and resolution of any incidents, ensuring processes are updated as required and required training is given by respective RTO to the business
Change Risk Assessments (CRAs) – Pro-active involvement in business CRA’s ensuring all risks are adequately detailed and mitigated
Systemic Integrity Risk Analysis (SIRA) – Pro-active involvement in reviewing ABF SIRA output to ensure UK regulatory requirements are met for UK clients. Take coordination role between AAB UK & ABF
Strategic Risk Assessment (SRA) – Pro-active involvement in compiling and reviewing ABF SRA to ensure any specific UK risks are documented and included for consideration in the AAB UK SRA .
Management Control Statement (MCS) – Feed into AAB UK MSC
Other responsibilities include:
Working towards providing specific improvements with regard to policy adherence and increasing risk awareness;
Provide assistance with Internal Audits, Regulatory visits and examinations;
Obtaining and maintaining intimate knowledge of systems and processes used in the UK Branch to support control and regulatory obligations;
Extensive pro-active stakeholder management both in the UK and Head Office will be a requirement for this role;
Understanding how Bank policies are implemented; and
Delivering training and ensuring awareness, in conjunction with UK Compliance, to 1LoD participants on new processes required to meet regulatory obligations.
Skills/Experience Required:
Relevant Degree and work experience
An excellent and demonstrable track record of understanding risk related business functions and UK financial regulations
Self-starter and pro-active approach to risk management
In depth knowledge of financing constructions, operational risk management, process development and management
Preferred knowledge of ABN AMRO Bank organisation structure, products, processes, systems and objectives
Demonstrable understanding and awareness of compliance, regulatory and legal framework
An ability to work with and manage expectations of senior management and key stakeholders
Good interpersonal skills and excellent service orientation
Manages own time to meet agreed targets; develops plans for short-term work activities in own area
Good credibility, trustworthiness, problem solving, task management and self-management competencies
Excellent team player with a strong focus on working together to achieve results
Discretion and confidentiality
Ability to interact professionally and with credibility with all levels of clients (internal and external if necessary)
Excellent face-to-face, telephone, and written communication skills
Comfortable with working in an environment of change, with flexible approach to new challenges
Ability to remain professional and calm even under pressure and frustration
