Your mission:
The Senior Risk Manager for Enterprise Risk Management (ERM) is responsible for identifying, assessing, and mitigating risks across the organization. This role involves developing and implementing risk management strategies, policies, and frameworks that align with the bank’s objectives and regulatory requirements. This mission concerns the production of the following deliverables: ICAAP/ILAAP, Recovery Plan, Resolution Plan, Pillar III Report, Internal Control Report (CSSF 12/552_20/759), Long Form Report, Risk contribution to the Bank's annual and semi-annual reports.
Your next challenge:
- Enterprise Risk Assessment:
- Conduct comprehensive risk assessments to identify and evaluate risks across the organization, including credit, market, operational, and reputational risks.
- Develop and maintain an enterprise risk register, ensuring that risks are adequately documented and monitored.
- Risk Framework Development:
- Design and implement the enterprise risk management framework, including risk appetite statements, policies, and procedures.
- Ensure alignment of the risk management framework with regulatory requirements and industry best practices.
- Risk Monitoring & Reporting:
- Monitor key risk indicators (KRIs) and prepare regular risk reports for senior management and the board, highlighting significant risks and mitigation strategies.
- Collaborate with business units to ensure effective implementation of risk management practices and adherence to policies.
- Climate Risk Management:
- Integrate climate risk considerations into the enterprise risk management framework, assessing potential impacts of climate change on the bank’s operations, portfolios, and reputation.
- Develop strategies to mitigate climate-related risks and enhance the organization’s resilience to environmental changes.
- Work on integrating climate-related risks within the stress testing framework and the ICAAP process
- Risk Matrix:
- Develop and maintain a comprehensive risk matrix that categorizes and prioritizes risks based on their potential impact and likelihood, ensuring it is updated regularly to reflect changes in the risk landscape.
- Ensure that all identified risks are linked to appropriate mitigation strategies and that responsibilities for risk management are clearly defined across the organization.
- Stakeholder Engagement:
- Engage with senior leadership and various departments to promote a risk-aware culture and enhance risk management practices.
- Provide guidance and support to business units on risk-related matters and help them understand their risk exposures.
- Training & Development:
- Develop and deliver training programs on enterprise risk management for staff at all levels, fostering a culture of risk awareness.