Enterprise Risk Manager

My Dublin City Centre based client is recruiting for an Enterprise Risk Manager to join the team on a permanent basis. This role will be working off a hybrid model.  The Enterprise Risk Manager will be responsible for embedding the ERM framework on both the internal & external requirements. The Enterprise Risk Manager will work closely with the Senior Management team across the business, you will implement & maintain an effective ERM framework. The Enterprise Risk Manager will also help  in developing & maintain an update the annual risk assessment process & reflect changes to risks and controls. The Enterprise Risk Manager will support the design, implementation & enhancement of an ERM Framework to achieve consistency around the execution & delivery of Risk activities.

Job Responsibilities

• Risk framework/ programme development
• You will input the design of an appropriate Regulatory & ERM Framework
• You will support the business in setting and maintaining Risk Appetite Statements reflective of key business risks – Strategic Business, Financial, Regulatory, Conduct & Consumer Protection, Operational and Information Technology risk categories.
• You will provide guidance & training as required to ensure all business functions are aware of responsibilities in relation to risk management.
• You will act as a subject matter expert for risk initiatives, completing all projects & programmes & providing guidance & support to senior managers as required.
• You will assist with the implementation, roll out & ongoing management of risk platform.
• You will provide on-going training & lead risk workshops to facilitate risk identification & assessment.
• Support Risk Assessments and Risk Reviews e.g., major change projects and strategic risk assessments.
• Provide on-going and objective oversight of activities with a view to identifying emerging risks, trends and non-compliant activity at the earliest possible stage.
• Support the review and challenge of proposed 1st line risk Undertaking challenge sessions with management and identify opportunities for appropriate risk mitigations.
• Oversight & Execution
• Monitoring: Support assurance activities to ensure Key Risk Indicators (KRIs) and KRI metrics are fit for
• Testing: Review and validate KRI returns, identifying negative trends and issues, and where identified perform root cause analysis and close gaps identified.
• Oversight: Ensure risk exposure and incidents are effectively aggregated and reported, providing management with a comprehensive view of overall risk exposure.
• Assist with the oversight of business As part of the Risk team, identify any deficiencies in meeting regulatory or policy requirements and aid in developing plans to address.
• Reporting
• Analysis reporting of identified operational & regulatory risks and ongoing remediation efforts to all relevant stakeholders
• Proactively enhance the reporting suite to provide management with good metrics on risk management across business
• Produce high quality reports for the Executive Management Team, Executive Risk Committee, Audit and Risk Committee and Board.
• Manage the annual review of risk policies and procedures
• To successfully lead the direct reports and other project teams towards achieving the Op Risk plan/goals
• To ensure the ongoing and appropriate development of staff to enable them to achieve their full potential

Experience Required

• You will create and maintain a positive culture within the group
• You will provide advice & practical assistance to functional management to understand & manage regulatory, operational & enterprise risk.
• You will input to any new business development as required
• Leadership & Team Development
• Execution of responsibilities in line with Risk policies to ensure risk management governance & implementation of Enterprise Risk Management methodology across the business.
• Risk Registers are kept up to date and/or action plans in place to close any outstanding items
• Identifity of control deficiencies & follow up monitoring execution of action plans to address issues identified
• Enterprise Risk awareness across business
• Quality reports outlining process and operational items.
• Accurate and timeliness of advice on process control requirements and issue/error resolution

Essential and Desirable Skills

• • Minimum 3 years’ experience in Enterprise Risk or similar role
  • Have strong experience either in-house or externally in a financial services environment.
  • Have the ability to demonstrate detailed knowledge of regulatory & operational risks influencing the Irish credit sector along with demonstrated, strong credit skills
  •  Previous experience operating in a risk management or control monitoring position
  • Previous experience in Consulting Advisory/ Risk role preferred (Nice to have)
  • Previous experience in strategic planning and financial processes (Nice to have)
  • Licentiate of the Association of Compliance Officers of Ireland (LCOI) or accounting bodies such as ACCA / ACA / CIMA (Nice to have)
  • Strong knowledge of business functions and systems relevant to financial services, preferably across consumer and commercial lending (Nice to have)
  • Previous experience liaising with Regulators (Nice to have)

Educational Requirements

• 3rd level education to Degree or Master level in an economic or numerical discipline and/or relevant
• Professional qualifications

Working Hours & Benefits

• Hybrid Working
• Bonus
• Pension
• Health Insurance
• Further Education Scheme
• Life Assurance
• Death in Service
• Long term sickness