Financial Risk Manager (2nd LOD)

About the team:

The Global Credit & Financial Risk team is a 2LoD team overseeing the Financial risks inherent in the Finance and Treasury activities and financial products, monitoring the compliance with the Financial Risk Appetite and advising the 1LoD partners to properly manage Financial risk.

About the role:

As a Financial Risk Manager within the 2nd Line of Defence, you will play a critical role in strengthening Tide's financial risk oversight. Working closely with our Global Head of Financial and Credit Risk and Chief Risk Officer, you will enhance the 2LoD oversight on risks inherent in the Finance and Treasury activities.

This role requires a meticulous individual with a strong understanding of financial risk management principles and a proven track record in reviewing statutory audits and regulatory financial reports.

Your responsibilities will include:

• Risk Analysis & Mitigation: Analyse and measure exposure to financial risks threatening Tide's cash management, assets, earning capacity, or economic state. Make robust recommendations to mitigate identified risks effectively.
• 1LoD Partnership & Challenge: Partner with the Finance & Treasury 1LoD Risk Owners to understand their strategy and roadmap, ensuring financial risks are managed effectively. Provide appropriate challenge and input to guarantee that key control measures, processes, and governance are in place and operating effectively.
• Financial Statements & Regulatory Reporting : Critically challenge the 1LoD's inputs for financial and statutory reporting accounting practices and quality. Collaborating and advising the 1LoD to resolve audit and internal findings.
• Risk Register Management: Manage the Global Financial Risk Register, encompassing market, operational, and model risks.
• Regulatory Compliance Monitoring: Monitor compliance with timely submission of Financial Statements and Regulatory Reporting.
• Audit Coordination: In collaboration with the Group Audit Lead, coordinate Financial and Treasury Risk audits and meticulously prepare audit evidence related to Financial Risk Management.
• Financial Controls Soundness: Partner with Treasury/Finance and Quality Control teams to ensure the soundness and effectiveness of financial risk controls.
• Risk Management System - Ensure accuracy of the information in our ERM system and ongoing oversight

Oversight Responsibilities:

• Oversee the mitigation of existing and emerging risks within Tide's products, Finance, and Treasury operations.
• Ensure compliance with applicable regulations (UK, Europe, India).
• Monitor the resolution of Risk, Audit, QC, and Incident tickets related to financial risk.
• Assess the adequacy of Financial Risk reporting and senior management dashboards.

Design & Implementation:

• Design and implement dashboards to monitor financial, model, and operational risk related to Treasury & Finance activities and new products.
• Develop dashboards for Senior Management and Board members.
• Conduct complex policy & procedure reviews to ensure robustness.
• Enhance the Financial Risk Management framework and report on its effectiveness to senior management and risk committees.
• Confirm Finance, Treasury, and Asset & Liability Management procedures reflect the current control environment and that identified breaches are logged and reported promptly.
• New Product Risk Assessment: Assess risks associated with new products, monitor horizon scanning, ensure compliance with relevant country-specific regulations, and review financial stress tests/Capital Requirements. Communicate key risks and mitigants to Senior Management.
• Project Support: Support the delivery of a range of exciting Financial Risk oversight projects, including analytics, reporting, process automation, and more.
• Model Validation: Perform independent risk-based validation of key Financial Statements and reports generated by Finance
• Stakeholder Input: Provide essential risk input to the 1LoD finance function and technical working groups.
• Continuous Improvement: Adopt a continuous improvement mindset, constantly identifying opportunities to enhance processes, procedures, tools, and technologies.