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Business Risk Manager

companyRecord Currency Management
locationLondon, UK
PublishedPublished: Published 2 weeks ago
Operational Risk
We are recruiting for an experienced Business Risk Manager to join our Team. The Business Risk Manager will be responsible for identifying, communicating, monitoring, and reporting on all material risks to the Business, through the implementation of a comprehensive Business Risk Framework. This person will also propose any necessary control improvements and risk mitigation measures.

They will also assist the Board in defining its risk appetite and identifying the risks it is willing to embrace in order to help Record achieve its growth objectives.

Record Financial Group:

Record is a leading specialist currency and asset manager with $102.7 billion (as at 28 June 2024) in Assets Under Management Equivalent. Record's services include currency management, sustainable finance, and asset management. Our clients are largely institutions, including pension funds, charities, foundations, endowments, and family offices.

Record's offices are in London and Windsor in the UK, Zürich, New York, Amsterdam, and Düsseldorf. The relevant team are based in the London office.

Position:Business Risk Manager

Department: Business Risk

Location:London based with travel

Role: Full time (37.5 hours per week). Tuesdays, Wednesdays and Thursdays in the London office

Reporting Line: Chief Financial Officer

Direct reports: 1 Analyst

Committee attendance: Plc Audit Committee, Group Risk Committee

Key Result Area: Developing and maintaining effective risk management throughout the Group
  • Work with Plc and subsidiary boards to identify and quantify risks and define risk appetite
  • Establish a comprehensive business risk framework
  • Develop and maintain a risk register which documents and quantifies risks and mitigating systems and controls
Key Result Area: Errors, breaches, and incidents
  • Ensure all incidents are identified, categorized (eg errors, breaches etc ) and suitably investigated, documented, resolved, and any relevant recommendations for change are made
  • Ensure actions are tracked and monitored to completion
  • Analyse incident data for trends and patterns, making recommendations as appropriate
  • Proactively undertake themed projects and investigations in line with business, compliance and topical developments
Key Result Area: Reporting
  • Establish regular management reporting to plc and subsidiary Boards as well as the Executive Risk Committee with agreed qualitative and quantitative KPIs
  • Review and improve reporting as required to ensure that key information is reviewed and discussed at the relevant Boards
  • working with compliance and finance teams as appropriate, oversee external risk reporting, including ICARA, internal controls reports, and MiFID
Key Result Area: Risk policies and procedures
  • Develop and maintain appropriate risk management policies and procedures
  • Ensure risk management policies and procedures are communicated to all staff and are understood and followed
Requirements:
  • Experience of working in a Business Risk Manager role
  • Good fundamental understanding of business risk and business risk frameworks
  • Good understanding of what is needed for risk reporting
  • Self-starter and able to take responsibility for the function
  • Resourceful and positive approach to problem solving
  • Excellent communication skills, both with external and internal parties
Benefits:

  • Bonus scheme - paid twice a year (usually November & June)
  • Pension - defined contribution scheme: 11% employer contribution plus may elect for additional personal contributions. Some cash flexibility allowed
  • Study support for further qualifications. Full support and training from the company and the team
  • Private medical (BUPA) employee cover - option to purchase cover for partner and family
  • Dental insurance - employee cover and option to purchase cover for partner and family
  • Life insurance
  • Permanent health insurance
  • Medical health assessments
  • Ride2Work cycle scheme
  • Salary sacrifice car scheme
  • Train travel season ticket loan
  • Subsidised gym membership
  • Share Incentive Plan (SIP) with Record matching
  • 20 Days minimum holiday, discretional additional holiday may be taken
Equal Opportunities Statement

Record is proud to be an Equal Opportunities Employer. For our employees to reach their full potential they need to feel valued, included and respected. This is the culture that Record works towards and, as part of this, we celebrate individual differences and aim to promote a sense of belonging.

Disability Confident

As a Disability Confident employer, we have an inclusive recruitment process and will hire anyone from any background. Where there are barriers to applying, we are committed to discussing options with you to make the process more accessible and provide reasonable adjustments.