Risk Manager Jobs

The role holder will join our team of risk professionals within the LGIM America office as part of the global Chief Risk Officer function to provide 2nd line operational risk oversight (advisory, review and challenge) to limit the occurrence and business impacts from adverse events, while contributing to business success through management of operational risk. The role holder will partner with business and functional teams to ensure that risk frameworks and policies are well understood and embedded, with new/existing risks effectively managed so contributing to the successful execution of the business strategy in a controlled manner.

The role requires being hands on and being part of continuous development and improvement of the Operational Risk Function as we partner with the business to better help them manage risk.

Leadership and Stakeholder Management

• Helps take forward our globalization agenda, working with stakeholders across the LGIM business to deliver a consistent approach which reflects best practice. Takes part in Group conversations and working groups as required.
• Develops close working relationships with senior influencers throughout LGIM to resolve barriers and to further embed the effective management of operational risk and frameworks.
• They will provide detailed operational risk opinion and risk management technical expertise, thought leadership and other input at key meetings, formal committees and Boards when required. Maintains an open and effective dialogue with all stakeholders, including business and team members. Provides support to build confidence in Risk Advisory services and our strategy. Team leadership as and when required.

Operational advisory and risk reviews

• Provide effective advice & guidance to drive business management to improve their understanding of the operational risk landscape, develop definitions of risk appetite and key risk indicators, monitor those risks and provide advice to address items outside risk appetite. Carry out operational risk reviews within set deadlines, identify regulatory issues & risks while carrying out effective testing. Ensure mitigating actions to resolve adverse findings are carried out in a timely fashion.

Risk & Change

• Take responsibility for allocated projects and input into our risk and change methodology so as to better embed risk opinion into change initiatives. Represent operational risk at project meetings and steerco’s.

Capital Adequacy

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements the firm’s Operational Risk Framework and internal Policies and Standards.
• Lead on capital adequacy operational risk assessments and input into the requirements of U.S. and non-U.S. capital requirements.

Risk Framework

• Input into the development and deployment of efficient operational risk frameworks to oversee management and maintenance of risk processes & systems used in the business to identify and monitor control effectiveness of key operational risks.
• Maintain a detailed knowledge of policy and framework requirements of the parent company, keeping abreast of changes and developments, discussing relevant topics and articulating risk profiles in an informed manner and acting as subject matter expert to ensure all parent-company requirements are accurately incorporated and that each aspect of operational risk is fully managed.

Education and Communication

• Apply an effective communication strategy that keeps both the team and the business updated on the risk management journey, including continued education to the business in effective risk management.

Provision of Tools and Processes

• Support the use of the risk system for First and Second Line to manage Operational Risk activity and oversee the deployment of risk tools through interaction into the business itself. Ensure there are mechanisms (controls and oversight) in place to manage the integrity of the data quality into the risk system so the desired output is achieved.

Provision of Effective Management Information Reporting

• Provide insightful analysis and interpretation of risks to better help partner and support the business.
• Working closely with the MI & Reporting team, ensure the professional, clear and consistent delivery of Risk MI across all relevant committees and boards, ensuring the format used takes into account the views and requirements of stakeholders such as the parent company, First Line and colleagues across the Second Line.

• 5 plus years of experience in a similar global and complex role - the scope of experience should include all areas of Operational Risk.
• Ability to remain independent and to demonstrate that independence whilst also providing commercial, practical and value-add solutions for the business, influencing outcomes positively for all stakeholders and driving good commercial and customer solutions to risk issues.
• Excellent presentation skills including the ability to articulate and convey theoretical concepts such as risk profile and risk appetite to both Board Director and mixed team audiences in a clear and compelling manner.
• Understands how the Operational Risk Framework and activities contribute to and influence how Operational Risk capital fits within the context of broader capital requirements.
• Ability to challenge based upon fact and informed opinion, and in a way which opens up constructive debate.
• Excellent technical knowledge of risk management frameworks, risk assessments, risk events, metrics and systems and of best practice around Operational risk sub-types for example Operational Resilience and Outsourcing.
• A sound, relevant and robust knowledge of the business which is recognized and valued by the business and can demonstrate a track record of management in the First and Second Line of Defense seeking their counsel and opinion.
• Experience of proactively engaging with senior management, demonstrating an inquiring mind and the courage to follow through to sound conclusion.
• Excellent interpersonal and both written and verbal communication skills, including the ability to fully participate and successfully influence effectively at all levels in the business.
• Experience of setting and directing the objectives and responsibilities of the team with demonstrable success in driving the team to deliver desired and timely outcomes to those objectives.
• Must be delivery focused, possessing high levels of resilience and determination, can work under pressure.
• Comprehensive knowledge of the international asset management industry including investor types, distributional channels, the competitor landscape.