The Risk Support Manager for Specialist Asset Finance (SAF) is responsible for:
embedding and facilitating processes to enable the appropriate identification, reporting, management and escalation of all risk types in the business.
Contributing to the oversight and review of risk management within the business, supporting risk reporting responsibilities of the risk function
This will help to protect the business from unforeseen losses and avoidable reputational damage.
Provide support to the Risk function in ensuring that all new and existing business activity is undertaken in line with the Groups Risk Management Framework, policies and standards.
Work with key stakeholders across various businesses to develop regular reports and ad-hoc analyses.
Ensure risk appetite is embedded within the business, providing support and challenge to management via relationship management activities and contribution to relevant governance meetings.
Deliver ongoing and focused risk engagement to assist management in risk assessment, evolution and enhancement of the control environment
Work with key stakeholders across the business to provide risk advice, oversight and challenge to ensure activity is undertaken in line with defined Risk Appetite statements and Group policies and standards.
Drive continuous improvement activity challenging processes and procedures, enabling alignment to policies whilst considering commercial efficiency and effectiveness of these processes
Support business initiatives and projects within Specialist Asset Finance and across the wider division as required.
Provide oversight and challenge to risk management activities conducted by first line colleagues across the business, including business initiatives, incident recording and management, and risk & control registers.
Identify key risk issues and deliver high quality recommendations to enhance the control environment to the appropriate standard
Engage with Audit, Compliance and other control functions / functional risk teams to ensure co-ordination of review plans and sharing of key knowledge.
Provide support in the delivery of the Risk and Compliance Committee (RCC) in line with the RCC Governance Contents Standards.
Responsible for the maintenance and updating of Risk policies, procedures and standards
Identify emerging risk situations within the business, working with the first line to drive timely and appropriate active management, engaging relevant internal areas and / or external advisors where appropriate.
Engage proactively with relevant Group Risk functions (Operational Risk, Enterprise Wide Risk, etc.) and ensure that Group Risk functions are informed timeously of relevant key developments, and that their specialist expertise and knowledge is leveraged appropriately.
Annually review the applicability and governance of all relevant policies, standards, processes, and procedures.
Support periodic risk and control self-assessment processes, enabling risk and control owners to assess relevant risks. Analyse and use assessment outcomes to drive further risk mitigation where appropriate.
Support periodic operational risk scenario analysis workshops, leading development of severe but plausible scenarios that could impact the business. Oversee identification and delivery of risk mitigation actions.
Support periodic review of non-financial key risk indicators, liaising with group functions and business leadership to agree relevant indicators and appropriate triggers / limits relative to risk appetite.
Contribute to maintaining a culture of informed risk taking. Assist in delivering risk training and providing guidance on risk related issues.
Review and challenge new business / product proposals against risk appetite.
Monitor the roll out of all new products.
Ensure consistency and accuracy of reporting within risk packs.
Risk & Compliance
Enable adherence to Governance and Compliance requirements, confirming reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.