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 management's risk mitigation plans.
Manage the EU-DAC risk function to successfully develop and deliver risk capabilities.
Protect and maintain FNZ’s 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 CBI’s 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 Group’s 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 Company’s 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 FNZ’s 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 management's 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 DAC’s 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 role’s areas of responsibility and that top down risks have been identified and scored and are regularly reassessed
Ensure that the employees in the role’s 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 wealth’s 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 12,000 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.

Chief Risk Officer

Job Description