At a glance The UK Risk Department provides, in an integrated way, oversight/ownership of financial and non-financial risks in the CRO's geographical area of control, as outlined in the allocation of roles and responsibilities in the International Organisation Charter (IOC) and International Risk Charter (IRC). The objective of the department is to optimize the risk profile and manage all uncontrolled risks for the local organisation through:
providing an integrated overview across the risk taxonomy;
providing an integrated risk management framework across businesses;
ensuring a single point of contact towards (local) regulators for risk matters;
monitoring and regular reporting of risks in a clear and concise manner;
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 Risk Analyst will, as required, manage and/or assist the CRO and Risk Manager with the following: Set Standards and Best Practices
Assist with ensuring risk policies set globally as well as locally are applied and adhered to;
Assist with ensuring that systems and procedures are set up to implement and monitor the adherence to the risk policies of the bank and other related procedures and guidelines;
Ensure that systems and procedures are set up to, identify, measure, monitor and control credit, market and operational 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 i.e. operational risk, market risk, credit risk, liquidity risk, etc.
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 (local / regional / skill) as soon as they are discovered. Monitor and Assist with Managing Risk Exposure
Prepare the monthly UK Risk Committee reporting pack, including the actual minute taking, filing and record keeping;
Administer and collate the (monthly) Risk Control & Follow up Dashboard (RCFUD)
Prepare quarterly the Enterprise Risk Management (ERM) dashboard and supporting documentation.
Assist with the full embedment of the Risk Management Framework on the UK platform
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 and the completion of the country-wide annual Risk & Control Self-Assessment (RCSA) process;
Assist with the RCSA and ELCA MC&T requirements.
Assist in the preparation of a country-wide Strategic Risk Assessment (SRA) annually. The completion of the SRA will be required for the Management Control Statement (MCS), to be signed by Exco annually;
Assist in the preparation of a country-wide Risk Appetite Statement annually with quarterly reviews and updates, when necessary; Foster a Transparent, Risk Conscious Culture
Help to report periodically on the overall risk profile / update on key issues to central and local organisation.
Communicate with stakeholders to demonstrate compliance with requirements in relation to risk management. Representation, Networking, and Knowledge Transfer
Provide transparency and (internal) visibility of the risk competence.
Develop and maintain a network of internal and external relationships to create awareness for the optimisation of the use of risk surveillance.
Assist with internal risk management training offerings.
Your working environment ABN AMRO is a Dutch Bank offering a full range of services to retail, private, commercial and merchant banking clients. We are also active internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing. The culture we aim for within the Bank is one in which we strive to strengthen our clients' position. Our success is based on our client's success. We want clients to perceive us as a trusted partner, professional and ambitious - our core values. At ABN AMRO UK we follow the Banks global strategy. We always aim to put our customers first and to create sustainable, long-term value for all our stakeholders - customers, shareholders, employees and society at large; it is our people that we rely on to help us achieve this ambition. We concentrate on our strategic priorities:
Invest in our future
Maintain a moderate risk profile
Selectively grow our businesses
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, Escrow & Settlement, 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 individuals in the UK.
A reasonable understanding of banking and/or risk management methodologies.
A reasonable understanding of risk management tools and the individual instruments within a Risk Management Framework.
A reasonable 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
What we offer Opportunity to work in a dynamic environment, where flexibility is highly appreciated. We encourage you to grow and develop as a person and as an employee.