Head of Risk and DP for Operational Risk (PCF 14 & PCF 39B)

Company:

Description:

What can you expect:

The Risk & Compliance function is responsible for the oversight and management of the Enterprise Risk Management framework within Mercer Global Investments Management Limited (“MGIM”), based in Dublin and the function must meet the expectations of multiple stakeholders, including Boards of Directors, the Central Bank of Ireland and front-line business units with the aim of ensuring that risks are appropriately identified, mitigated, managed and monitored.

A key focus of the role will be to perform the PCF 14 and PCF 39B and report directly into the Board of Directors of MGIM. This is a key role in ensuring that the Investments business Enterprise Risk Management function is operating effectively and continuously developing in line with industry best practice and regulatory expectations.

The role holder will work on ongoing developments of the risk management programme and will be responsible for implementation of the framework within the Company. The role will be responsible for performing risk reviews to identify, evaluate and manage key risks impacting the business with a focus on the risks impacting the Company’s business objectives. The role will provide guidance on risk matters, producing regular management information and communicating results and progress on risk initiatives to senior management, the Board and relevant governance committees. The role holder will be a key contact point for risk-related communications with the Central Bank of Ireland.

We will rely on you to:

• Contribute to maintaining a culture of risk throughout the company
• Implement the risk programme within the Company, including:
  • Maintaining the Risk Management Framework including Risk Management Policy, Risk Register and related risk monitoring plan.
  • Managing and continually develop and enhance the Enterprise Risk Management framework and day-to-day risk management processes ensuring it is fit for purpose, meets regulatory expectations and adds real value to the firm. This includes using ERM tools to manage Risk Registers and produce quarterly Risk focused reports for the relevant committees.
  • Develop and implement a Risk Program that includes risk focused reviews on key risk areas and a controls testing program.
  • Identification, evaluation, mitigation, monitoring and reporting of operational risks.
• Responsibility for producing and delivery of comprehensive management information to the Company’s senior management including:
  • The Board of directors
  • Organizational Effectiveness Director
  • Risk Committees
• Manage/provide support to other risk related regulatory requirements.
• Maintain awareness of risk related regulatory developments and other external risks e.g. geopolitical risk and communicating these as necessary.
• Perform risk reviews and where necessary coordinate reviews with other risk and compliance personnel.
• Support monitoring and oversight reviews (including on-site reviews) of delegates where required.
• Primary responsibility for engagement with the Central Bank of Ireland on risk related matters, external auditors and other external parties (where applicable) for the Company.
• Supporting a range of regulatory driven projects, new product launches and other relevant change programs within the investment businesses.

What you will need to have:

• Minimum of seven years Enterprise / Operational Risk experience in financial services, preferably in a fund management company, investment firm or insurance undertaking.
• University undergraduate degree or equivalent qualification essential
• Understanding of the regulatory environment with experience of working in regulations/guidance issued by the Central Bank of Ireland and other independent EU authorities essential.
• Knowledge of UCITS / AIFMD / MiFID.
• Experience of dealing with the CBI in matters related to thematic reviews, PRISM visits/reviews and general communications preferred.
• Strong collaboration, communication and influencing skills with all levels of colleagues and stakeholders.
• Ability to assist the growth of the Company whilst being conscious of current and emerging regulations and risks.
• Experience in carrying out a Risk Monitoring Programme.
• Ability to work under pressure and meet tight deadlines in a demanding and highly regulated environment.
• Ability to maintain clear lines of communication with various internal and external stakeholders.

What makes you stand out:

• Proven track record in enterprise / operational risk within asset management / Fund management company.
• Previous PCF designation.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can collaborate with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities.