Risk Manager - Financial Services - Edinburgh

Risk Manager - Financial Services - Edinburgh

Risk Manager - Assurance - Edinburgh

A Risk Manager is required by a Financial Services organization based in Edinburgh,

The successful candidate will have responsibility for

Support preparation of a detailed Risk Assurance Plan for designated areas or processes taking a risk based approach and support review of the appropriateness of the Plan on an ongoing basis, especially in light of external and business developments.

Provide appropriately skilled resource to ensure all designated areas or processes are monitored to plan within required standards and within budget.

Contribute to the monitoring of designated areas or processes taking account of fair customer outcomes and Group policies.

The successful candidate will be expected to support reviews across the Insurance business, as necessary, to aid delivery of the Risk Assurance plan.

Prepare, review and sign-off monitoring reports and monitoring files to ensure appropriate issues are raised, that clear audit trails exist and that the departmental governance standards for reports and monitoring files have been adhered to.

Ensure all regulatory and business developments within their area of responsibility have been assessed for regulatory risks and operational risks, and are monitored appropriately.

Contribute to the monitoring and co-ordination of any FSA regulatory and Group visits or requests for information within their area of responsibility.

Identify and report issues and breaches and monitor the provision of solutions to ensure they are compliant with regulations.

Produce departmental reports and contribute to divisional reports, and any other ad-hoc reports to required timescale and standards.

Actively develop and maintain relationships with managers across the business to assess risk.

Identify and deploy leading monitoring practices.

Ensure that Approved Persons and Line Management for the designated areas or processes are aware of their responsibilities under FSA and Group rules.

Lead and mentor colleagues.

Key skills/Knowledge

Educated to degree standard or equivalent

Recognised CII qualification or equivalent risk or accounting professional qualification

Financial Services experience in an Audit, Compliance or Operational Risk function

Deep knowledge or practical experience of the relevant procedures, products and services in the Insurance business, including interpretation of and application of best regulation, industry guidance and practices, and able to immediately recognise a range of options when matching these to business/customer needs.

Where appropriate, will have a good knowledge of the key relevant legal, regulatory and statutory requirements, technical interpretation and the ability to provide advice thereon.

A good understanding of emerging products, services and technologies

Start: ASAP

Duration: 6 months

Location: Edinburgh

Rate: £175/day