Head of Risk
London, England, United Kingdom Full-time Posted 51 minutes ago
About Us
Join one of the UK’s fastest growing and award-winning banks.
We are a team of ambitious, passionate, hardworking, and committed people who have successfully created and launched one of the UK’s newest specialist property finance banks. As we embark on an exciting journey of growth, we are seeking exceptional new team members who possess both the ambition and drive to contribute to our vision. At GB Bank, we believe that career progression should not only be achievable but accelerated, enabling our employees to reach their potential in a supportive and dynamic atmosphere.
Our environment is fast-paced and collaborative, where your efforts are recognised, rewarded, and make a tangible impact. We take pride in fostering and open and inclusive culture that not only embraces change but also encourages continuous learning and professional development.
In This Role, You Will
The Head of Risk is responsible for oversight and guidance in respect of all Risks facing the Bank. The role holder is central to the ongoing development of the risk culture at the Bank including the relevant policies, control structures, frameworks and procedures within the Risk team. They will support the awareness, reporting and discussion of risk across the Bank and within formal governance.
The role is responsible for leading the facilitation of the ICAAP and ILAAP production processes working closely with colleagues across the business and leading 2nd line input. The role holder is responsible for providing functional leadership within the Risk function for all aspects of Risk, managing and developing a team of 2nd line professionals across risk types, including Prudential, Conduct, Operational and Regulatory Risk.
The role holder will provide support to the Chief Risk Officer (CRO) in the fulfilment of their role.
Key Areas Of Responsibility
Risk Management
Leadership
At GB Bank, we value privacy and data protection rights. We have longstanding data protection culture and promote robust ethical standards in data management. Please read our Privacy Notice in relation to our recruitment activities before submitting your application to work with us.
GB Bank is a trusted go-to lender for property investments, providing funding solutions directly to customers or via brokers.
Our environment is fast-paced and collaborative, where your efforts are recognised, rewarded, and make a tangible impact. We take pride in fostering and open and inclusive culture that not only embraces change but also encourages continuous learning and professional development.
Join one of the UK’s fastest growing and award-winning banks.
We are a team of ambitious, passionate, hardworking, and committed people who have successfully created and launched one of the UK’s newest specialist property finance banks. As we embark on an exciting journey of growth, we are seeking exceptional new team members who possess both the ambition and drive to contribute to our vision. At GB Bank, we believe that career progression should not only be achievable but accelerated, enabling our employees to reach their potential in a supportive and dynamic atmosphere.
Our environment is fast-paced and collaborative, where your efforts are recognised, rewarded, and make a tangible impact. We take pride in fostering and open and inclusive culture that not only embraces change but also encourages continuous learning and professional development.
In This Role, You Will
The Head of Risk is responsible for oversight and guidance in respect of all Risks facing the Bank. The role holder is central to the ongoing development of the risk culture at the Bank including the relevant policies, control structures, frameworks and procedures within the Risk team. They will support the awareness, reporting and discussion of risk across the Bank and within formal governance.
The role is responsible for leading the facilitation of the ICAAP and ILAAP production processes working closely with colleagues across the business and leading 2nd line input. The role holder is responsible for providing functional leadership within the Risk function for all aspects of Risk, managing and developing a team of 2nd line professionals across risk types, including Prudential, Conduct, Operational and Regulatory Risk.
The role holder will provide support to the Chief Risk Officer (CRO) in the fulfilment of their role.
Key Areas Of Responsibility
Risk Management
- Lead by example as a senior leader helping to shape the risk culture of the Bank embodying the integrity and ethical standards expected within Financial Services
- Maintain and evolve the Risk Management Framework (RMF) at GB Bank, provide support to the Risk team and all colleagues in the operation of the framework
- Identify and assess potential and actual risks that are relevant to the operations of the Bank
- Operate as a business partner to the 1st line functions. Provide 2nd line advice, challenge and guidance to all areas of the Bank, providing informed, risk aware and balanced information to the colleagues
- Lead the process to produce updated regulated documents including: ICAAP, ILAAP Recovery plan and the resolution pack. Drive the updates by utilising subject matter resource within the 2nd line team and working closely with colleagues in Finance, Treasury and across the business
- Maintain the Risk Appetite framework, undertake regular reviews of the risk appetite statements, limits and related metrics working with the 1st line to maintain their appropriateness
- Support the Head of Operational Resilience in the continual development of the framework and supporting documentation
- Maintain an effective relationship with regulatory bodies and meet all notification and reporting requirements of the FCA and PRA
- Maintain effective working relationship with colleagues throughout the business
- Monitor regulatory changes and advise senior management on how the change relates to the risks faced by the Bank
- Risk reporting: Develop and maintain the Company’s approach / methodology for the reporting of Risk matters to Exco, its sub-committees, the Board, Audit & Risk Committee
- Risk assurance: Plan and deliver an annual programme 2nd line reviews (incl. subsequent action tracking)
- Drive the regular RCSA review and update process across the business, by supporting and providing challenge to business within their review activity
- Provide expert counsel and guidance to the Board, Executive management and all colleagues on Risk matters and their impacts across the full range of business strategy, programs, services and operational issues
- Provide training and support to promote and continually develop a risk aware culture
- Liaise with Internal Audit to ensure the respective assurance / audit plans are complimentary
Leadership
- Communicate a compelling vision that engages and inspires team members to create a fulfilling and purposeful employment experience
- Translate company-wide goals into actionable departmental and individual objectives to achieve desired business outcomes and organisational success.
- Foster a high-performance environment by setting direction, building alignment, and motivating the team to achieve excellent results
- Actively model and promote behaviours that reflect the company’s values and continually develop and positively influence the culture
- Lead efforts to attract, develop, and retain a diverse, inclusive, and high-performing team
- Ensure effective onboarding and continuous development of team members through coaching, feedback, and structured growth opportunities
- Create a culture of learning and accountability that supports individual career development and team capability building
- Contribute to effective resource planning and cost management within the team
- Support budget adherence by managing expenditure prudently and within approved limits
- Significant demonstrable experience in relevant roles and organisations is favourable
- Proven experience in Business strategy, Risk management framework design, Risk appetite definition, Board Policy definition
- A level of gravitas that enables collaborative work and challenge where necessary of Exec team and other colleagues
- Strong influencing skills and ability to sell the benefits of risk management practices to deliver appropriate and commercially aware actions are taken in the business.
- Strong experience of building and managing relationships with key and diverse stakeholders to achieve long-term success
- Good team player, recognising and encouraging the benefits of working as part of a diverse team to achieve strong results
- Proven track record of building open and successful relationships with regulators
- Business acumen that enables a commercially sensitive approach, whilst managing business and regulatory risks
- Strong verbal and written communication skills with senior internal and external stakeholders
- Strong analytical ability, providing challenge to data received to ensure robust risk oversight
- Proven ability to work on own initiative, solving problems where necessary, but ensuring collaborative approach adopted with colleagues
- Strong attention to detail in all aspects of their own work and those whom they manage
- Professional accreditations from recognised industry bodies is desirable
- 8% company pension contribution and 3% individual contribution (which you can opt to increase)
- 25 days holiday every year plus bank holidays on top
- Private medical cover with BUPA - includes no excess + you can add family through salary sacrifice
- Death in service at 4 x base salary with Aviva
- Mental health support - through a helpline and counselling sessions
- Enhanced maternity, paternity and adoption leave
- Location: Mayfair, London (4+ days in the office)
- Salary: Competitive
- Hours: 35 Hours per week
At GB Bank, we value privacy and data protection rights. We have longstanding data protection culture and promote robust ethical standards in data management. Please read our Privacy Notice in relation to our recruitment activities before submitting your application to work with us.
GB Bank is a trusted go-to lender for property investments, providing funding solutions directly to customers or via brokers.
Our environment is fast-paced and collaborative, where your efforts are recognised, rewarded, and make a tangible impact. We take pride in fostering and open and inclusive culture that not only embraces change but also encourages continuous learning and professional development.
