Risk Analyst

Job Purpose

The Risk Oversight Department of ICE Clear Europe (ICEU) is the independent, second line of defense risk function that develops and manages the framework for identifying, assessing and reporting risks, and performs independent model validation. The department comprises an Enterprise Risk Management team, Model Risk Management team, Credit risk team, and a Regulation and Data Governance team and covers all risks faced by the clearing house, including model risk, conditional market risk, credit, liquidity, investment and operational risks.

The Risk Analyst is part of the Risk Oversight Department within the second line of defense with specific responsibilities within 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 the business and providing analysis and information directly to the senior management team and Board. The responsibilities include; risk metric monitoring, analysis and reporting in relation to risk appetite, collation of risk reporting for Risk and Board committees, conducting risk register and control assessments, inclusive of independent monitoring, and operational incident reviews of material incidents.

The second line of defense 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
  • Risk identification on an ongoing basis, including providing views on new risks
  • Assisting 1LOD in completing risk register assessments, inclusive of review and challenge.
  • Assisting 1LOD in maintaining the control inventory, inclusive of review, challenge and independent monitoring.
  • Reviewing and challenging the first line functions in their incident investigations
  • Providing input to relevant policies and procedures, including challenge to the policies of the first line functions relating to risk
  • Providing 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:
  • Performing any necessary qualitative or quantitative assessment of risk as challenge to the regular risk measurement and assessment responsibility of the first line functions.
  • Identification, development and implementation of new risk metrics and risk reporting
  • Supporting 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:
  • Maintaining industry awareness, best practice insight and regulatory knowledge with regards to operational risk management.
  • Production of daily and periodic risk reports/dashboards to Executive Management and Board Committees

Knowledge and Experience

• Bachelor’s, Master’s or other advanced degree in 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 financial, 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