Job Purpose

The Enterprise Risk Manager is part of the Risk Oversight Department within the second line of defence with specific responsibilities within ICE Clear Europe (ICEU). The candidate will be a key part of the team executing ICEU's risk framework, covering all the risks faced by the clearing house, working closely with all business lines and providing analysis and information directly to the senior management team and Board. The responsibilities include oversight of the operational risk activities, namely: conducting risk and control assessments (RCSAs), deep-dives, and review and assessment of material operational incidents

The second line of defence risk function provides the framework for identifying, assessing and ensuring appropriate transparency across the Enterprise Risk Register.

Responsibilities

• Risk identification, management, monitoring, reporting:
  • Assist in the management of ICEU's risk appetite framework, or specific aspects of it, including setting of risk appetite statements and limits in relation to Operational Risks.
  • Identify risk on an ongoing basis, including providing views on new risks.
  • Assist 1LOD in completing risk register assessments, inclusive of review and challenge.
  • Assist 1LOD in maintaining the control inventory, inclusive of review, challenge and independent monitoring.
  • Review and challenge the first line functions in their incident investigations.
  • Provide input to relevant policies and procedures, including challenge to the policies of the first line functions relating to risk
  • Provide any ad hoc support or assistance to other roles across the Risk Oversight Department as deemed necessary by managers
• Risk measurement methodologies, analytics and models:
  • Perform any necessary qualitative or quantitative assessment of risk as challenge to the regular risk measurement and assessment responsibility of the first line functions.
  • Identify, develop and implement new risk metrics and risk reporting.
  • Support the provision of regular review and challenge to first line risk management, escalating any major risks and concerns in a timely manner.
• Risk reporting and communications:
  • Maintain industry awareness, best practice insight and regulatory knowledge with regards to operational risk management.
  • Oversee production of daily and periodic risk reports/dashboards to Executive Management and Board Committees pertaining to Operational Risks.

• Bachelor's, master's or other advanced degree in technology or finance or related discipline
• Experience in financial services risk management or another assurance or analytical role
• Broad understanding of all risk types, with specific experience of operational risk or enterprise risk frameworks valuable
• Knowledge of the financial markets, financial market infrastructure and regulatory environment
• Confidence and ability to question / provide challenge to members of the first line risk function if required
• Maturity and self-awareness, ability to listen actively, to build strong relationships and influence at all levels and to create a demand for your expertise
• Credibility and communication skills to deal with senior management and business heads
• Strong commercial awareness
• Experience in a Clearing House or the Clearing business is preferred, but not essential