DM - Risk Consultant - BFSI

Type of Company - Global MNC in the BFSI space

Qualification / Exp - MBA with 4-7yrs of relevant experience

Compensation Band - 14-17 Lacs (Fixed) + variable

Please Note : Experience of working on variety of risk like – Regulatory, Operations risk, compliance, Credit, market risk – Should have a combination on atleast 2-3 risks

Responsibilities:

- To provide education and support embedding on existing regulatory rules and relevant regulatory development and business standards to the business and Risk.

- To develop understanding and experience of the principles and practices of risk management.

- Work within the second line of defence for the UK business, supporting a wide range of risk activity covering enterprise risk, assurance, governance, regulatory compliance, conduct risk, financial risk and risk MI.

- This role may also involve managing more junior members of the team, formally managing their performance, development and delivery.

- To provide risk oversight and challenge to the First Line of Defence;

- To work with others in Risk to challenge the business in its approach to risk identification, quantification, mitigation and management;

- To challenge the business in its approach to risk identification, quantification, mitigation and management

- To support the Head of Regulatory Liaison in maintaining an open, continuous and constructive relationship with the FSA and other Regulators.

- To provide specific guidance or advice on matters of regulation for example HMRC/TPR/DWP/PPF/FAS/FCA/PRA/ICO

- To support assurance reviews as and when required, ensuring accuracy, maintenance and tracking of documentation and activity

- To work as directed on projects, initiatives and incidents, managing Risk input as required

- Financial Controls – Ensure all expenditure commitments (Travel claim settlements etc) and all payments are properly authorised, controlled and monitored.

The responsibilities of expenditure authorisers are documented in the company policy.

Key Skills

- Ability to analyse and interpret rules and regulations and some practical experience of applying such knowledge to provide solutions to business problems and issues.

- An excellent understanding of the regulated marketplace and the position of our organisation within that market.

- Detailed understanding of regulatory and compliance environments

- Subject matter expert in one or more area - FCA, PRA, tPR, HMRC, ICO or DWP rules, legislation and guidance

- A proficient influencer and negotiator.

- Ability to liaise and negotiate internally and externally at all levels

- Excellent written and oral communication skills

- Ability to manage conflicting objectives

- Ability to provide hands on guidance, coaching and mentoring to risk resources when required.

- Good comprehension and analysis skills, along with an enquiring and persistent approach

- Credibility and confidence to challenge at all levels, escalating as required

Inquiring and persistent approach