Head of Non Financial Risk

The Board of ICBC Standard Bank Plc has ultimate responsibility for Risk Management, however on a day-to-day basis, all risk is managed through the three lines of defence model. This Enterprise risk approach ensures all staff are accountable for Risk Management and builds a strong risk culture that is supported by a robust governance structure.

The Risk department consists of specialists that manage the Financial risks, including Credit, Country and Market risks and Non-Financial risks including Operational, IT & Cyber and Conduct risks, that the bank is exposed to in order to minimise the risk of financial loss.

The department also incorporates core risk infrastructure functions including the model development team, the model validation unit, and analytics and reporting team which manages management information, data and change processes for the Risk department.

The Head of Non-Financial Risk is responsible for setting, embedding and overseeing the Non-Financial Risk (NFR) framework across the organisation. This role provides second-line oversight and challenge to ensure that operational, conduct, technology (including cyber-risk) and other non-financial risks are effectively identified, assessed, managed and reported in line with regulatory expectations and the firm’s risk appetite.

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

• Senior experience in non-financial risk management potentially through operational or conduct risk disciplines.
• Strong knowledge of FCA and PRA expectations relating to NFR.
• Executive-level stakeholder
• Good understanding of investment banking products for FIC and commodities, and activities (including those relating to sales & trading, capital markets and structured financing), and the associated UK regulatory framework
• Good understanding of cyber & IT threats and risks.
• A working knowledge of the different insurance policies used by the Bank to transfer certain non-financial risks.
• Working in a regulated environment, ideally wholesale or commodities banking
• Understanding of regulatory risk assessment, identification and management processes
• Experience of handling large multi-department projects
• Strong management and leadership skills
• Strong organisation, planning and problem-solving skills, ability to multi-task and demonstrate flexible thinking
• Excellent relationship management skills with the ability to interact effectively at all levels of the organisation including junior and senior levels
• Own and continuously develop the firm’s Non-Financial Risk framework, policies and standards.
• Define and maintain the Non-Financial Risk Appetite, ensuring alignment with overall risk strategy and regulatory requirements.
• Lead the integration of non-financial risk considerations into business decision-making, change initiatives and strategic planning.
• Ensure processes are established and maintained to identify, assess and quantify NFR exposures
• Provide independent second-line oversight and effective challenge to the business.
• Design and manage risk assessment methodologies which cover the non-financial risks and vulnerabilities across the Bank
• Maintain a forward-looking view of emerging risks and trends
• Ensure there is a clear and consistent approach to undertaking risk and control self assessments (RCSAs)
• Provide constructive challenge on RCSAs across the Bank
• Develop and maintain methodologies for evaluating RCSAs against new material business initiatives or market events
• Ensure the Bank has a consistent methodology for identifying, investigating and mitigating issues, incidents and operational loss events.
• Co-ordinate the execution of scenario analysis to support both the Bank’s ICAAP and also ad hoc decision making.

• Establish and maintain NFR metrics, KRIs and MI.
• Deliver clear and high-quality reporting to Executive and Board committees.

• Ensure compliance with regulatory rules and expectations with respect to operational resilience, conduct and governance
• Act as a key contact with regulators and Internal…