Head of Risk


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Head of Risk

$180K - $200K Base Salary

Our Client offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

Our Client passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. They have a number of internal employee networks in place to empower staff to act and challenge the status quo.

The Risk team provides specialised services and expertise on technical areas such as Operational Risk Management, Operational Change Management and Permanent/Operational Control. The Head of Risk's purpose is to ensure the application and adaption of the operational risk management framework by the business has been communicated and implemented successfully by the Risk Team.

The Head of Risk ensures the Risk team in NZ, working closely with AU Risk team, provides a consistent approach in the support of the business to deliver the following:-

  • Identification and assessment of all operational risks in line with the Risk & Control Self-Assessment (RCSA) group approach
  • Collection and analysis of Historical incidents;
  • Definition of a risk appetite and application of the corresponding risk monitoring and mitigation framework (including segregation of duties, controls and incidents management);
  • Ensuring the continuous implementation and adaption of this framework and improvement actions (identified by internal or external audit recommendations, supervisors (if applicable), second line of defense, first-line operational management, controls ……) as required;
  • Ensuring and fostering awareness of risks and providing training on the risk framework;
  • Assessment of the quality and execution of the Permanent Control Framework
  • Ensuring regulatory requirements are adhered to via control plans where applicable
  • Application of the proper risk monitoring tools; and,
  • Ensuring transparent monitoring information to their reporting lines, hierarchical or functional, internal or external, the independent control functions, the governing bodies and the supervisors.

Further Resposibilities

The Head of Risk is required to communicate regularly with and build good relationships with a wide range of people/positions including operational teams, Relationship Managers and hub locations to assist with the resolution of any problems/errors as and when they are identified.

The Head of Risk is a member of the NZ Management team and is responsible for chairing the monthly local Risk meeting in NZ, contribution and attendance to the NZ Business Committee and attendance at the monthly ExCo Australasian meeting when required. Participation in all management meetings, directives and initiatives is also required, eg. Lead GPS Focus Group, Calibration reviews, Key person risk discussions, success planning sessions, budget process, contribute to business strategy objective review sessions and 2up staff responsibilities.

The Head of Risk is responsible for staff management which includes:

- Recognition of team members strengths, weaknesses and motivations;

- Developing the technical expertise and capabilities of the team;

- Documenting performance objectives and developing a training plan each year, providing regular feedback and formally documenting and presenting performance appraisals once a year.

The Head of Risk is responsible for the day-to-day management of the Risk team to ensure support of the business for the following:

- Identification and assessment of risks and controls

- Verification and controls assurance

- Significant incidents (Historical Incidents HIs))

- Incident Management

- Audit (Internal/External)

- Governance and Reporting

- Awareness and Training

- Anti-Fraud

- Assurance Reporting

- Procedures

Clients RFP's and Audits

Management Responsibilities:-

  • - Building a vision and promoting the role of the team to the business;
  • - Acting as an escalation point for issues within the business or within the team;
  • - Analysing, developing and implementing process improvement for the team;
  • - Providing guidance, instruction and direction to the team;
  • - Implementing a culture of service, flexibility and accountability;
  • - Coordinating the team workflows;
  • - Reporting main actions and escalating issues to his/her own manager.
  • - Completion of regular 1-on-1’s with all team members

Experience and Qualifications required

  • • 10 years+ experience in financial services (preferably in custody and fund administration).
  • • Degree qualified in business, accounting or related discipline or relevant work experience in a similar role.
  • • In-depth understanding of custody and fund administration functions / operational processes and outsourced service environment desirable.
  • • Knowledge of operational risk and compliance requirements in the industry.

If you have the Skills, Experience and Drive for this position, please Register your interest via the link below and we'll be in touch soon after.

According to E3 Recruit Limited recruitment procedures, successful applicants will be required to undergo a variety of screening processes including drug screening and criminal conviction checks.
Only applicants who are legally able to work in the country in which this role is based will be considered.

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