Chief Risk Officer

Location: Dublin

Working Pattern: Hybrid (3 Days on site)

Contract: Permanent

Chief Risk Officer (PCF14)

Role Description

This role is in place to:

• Protect credibility and value of EU-DAC through effective and efficient risk management across EU-DAC in accordance with the FNZ Group Risk Management Framework.

• Support the development of a strong risk culture that helps EU-DAC in practical management of risk.

• Advise the Board on Risk matters and provide appropriate and independent 2nd Line challenge at Board Committee and executive management levels including oversight of managements risk mitigation plans.

• Manage the EU-DAC risk function to successfully develop and deliver risk capabilities.

• Protect and maintain FNZs reputation with clients and regulatory bodies across EU-DAC and reduce the risk of any consumer harm.

• As this role is a PCF 14 designation the role holder must adhere to the CBIs Conduct Rules and the Fitness and Propriety Requirements.

Summary of Focus

Provide clear strategic and operational direction to EU-DAC on risk matters. This requires:

• Work with EU-DAC senior management and Board to implement a robust 3 lines of defence model in the region including fit-for-purpose first line of defence risk management capabilities.

• Maintenance of robust and effective 2nd line risk capabilities standardised frameworks systems and tools that enable EU-DAC to deliver safely on its propositions business plans and maintain the confidence of all key stakeholders;

• A clear risk appetite and consistent aggregated reporting of the risk profile enabling risk transparency across EU-DAC to drive management focus where it is most needed;

• In conjunction with the Group CRO evolving and developing the Groups risk management framework as it applies to EU-DAC so that it continues to :

  • meet Board and client expectations

  • stand up to regulatory scrutiny

  • support better business decisions in securing growth opportunities.

• Supporting the Governance model so that it continues to meet the requirements key stakeholders and local regulations and treats customers fairly.

• Operate as a member of the EU-DAC Senior Leadership team and support the EU-DAC CEO in the development and safe delivery of the Companys strategy

• Deliver clear MI on a timely basis which sets out all key Risks to the business and supports a no surprises culture

• Protect and maintain FNZs reputation with clients and regulatory bodies across the region in which EU-DAC operates from time to time.

• Provide clear strategic direction to EU-DAC risk function with clearly defined deliverables.

Specific Role Responsibilities

Provision of risk oversight to FNZ EU DAC including:

• Risk identification and assessment

• Risk frameworks policies and reporting

• Identification of regulatory change across region

• Oversight & Challenge of the business risk profile

• Liaise with Group colleagues within Risk & Compliance to ensure consistent global risk framework

External Liaison

• To attend clients senior risk committees as required

• To liaise with auditors and consultants on Risk matters

• Build and develop a strong relationship with CBI and other regulatory bodies as required

Risk Officer for FNZ EU DAC requirements

• Policy Owner in EU-DAC of the Risk Management Policy

• Ensure a Risk framework is implemented and functioning across EU-DAC

• Provide assurance on the standards of risk management through regular reporting to the relevant governance committees e.g. EU-DAC Management and Board Risk & Compliance Committees (MRCC)

• Appropriate independent 2nd Line challenge at Board Committee and executive management levels including oversight of managements risk mitigation plans.

• Oversee the management and production of the regulatory capital documents

• Ensure a Policy Framework is implemented and functioning

• Ensure training on the risk framework is provided to employees

• Ensure that there is a strong governance structure in place and that EU- DAC manages its affairs responsibly and effectively

• Ensure adequate overview of EU DACs financial affairs from a risk perspective

• Maintain knowledge of and competence in the regulatory environment in which EU-DAC operates and in the financial services industry of which it forms part

• Ensure that risks have been appropriately identified within the roles areas of responsibility and that top down risks have been identified and scored and are regularly reassessed

• Ensure that the employees in the roles areas of responsibility are competent to carry out their roles and there is adequate training in place to reach and maintain that competence

• Ensure that conflicts of interest have been identified and where possible mitigated and ensure that there is a regular review of conflicts of interest

• Role would include oversight of the information security and business continuity functions within EU-DAC

Performance Assessment

List of measures which will be used to grade on-going performance in this role:

These will be set by the EU-DAC CEO in conjunction with the Group Chief Risk Officer

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About FNZ

FNZ is committed to opening up wealth so that everyone everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry but complexity holds firms back.

We created wealths growth platform to help. We provide a global end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.

We partner with over 650 financial institutions and 12000 wealth managers with US$1.7 trillion in assets under administration (AUA).

Together with our customers we help over 26 million people from all wealth segments to invest in their future.