Senior Risk Manager

Company:
Mercer

Description:

What can you expect:

Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With over 25,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com.

Mercer's Investments business is a leading global provider of investment advice, tools and implementation solutions. We offer customised advice and support at every stage of the investment decision making, risk management and investment monitoring process. Mercer Global Investments Europe Limited ("MGIE"), based in Dublin is a key provider of investment solutions across the International region, including Europe, UK, Asia and the Middle East. It is a MiFID entity that was established in 2006 and currently manages assets in excess of $180bn through a range of Dublin domicile funds, external third party funds and segregated mandates.

The Risk & Compliance function is responsible for the oversight and management of the enterprise risk management framework within MGIE. 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.

MGIE is currently seeking to appoint a Senior Risk Manager (CF-2 role subject to Central Bank of Ireland Fitness and Probity standards) with IT Risk management expertise. This role will report into the CRO (PCF-14 role) in the Risk & Compliance (R&C) team and will be an important role in ensuring that the organisation's enterprise risk management function is operating effectively and continuously developing in line with industry best practice and regulatory expectations.

We will rely on you to:

The role holder will work with the CRO 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 and relevant governance committees.

The successful candidate will be required to, inter alia:

Enterprise Risk

1. Support the CRO is fostering and developing a strong risk management culture, across all categories of risk, throughout the organisation.
2. Maintain the Risk Management Framework including Risk Management Policy, Risk Register and related risk monitoring plan.
3. Manage 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.
4. Develop risk appetites with the business to embed a clear understanding of the level of risk the business is willing to accept to support the strategy.
5. Develop and implement a Risk Program that includes risk focused reviews on key risk areas and a controls testing program.
6. Identification, evaluation, mitigation, monitoring and reporting across all categories of risks.
7. Evaluate emerging risks and determine how they will be addressed within MGIE's risk framework.
8. Manage and support to the Internal Capital Adequacy Risk Assessment Process (ICARAP) and undertake control effectiveness testing on a periodic basis.
9. Providing technical input with regards to the development of regulatory and risk training.
10. Providing input to the 2nd line regulatory risk assessment processes.
11. Work with individual lines of business and support functions to mitigate, manage and monitor risks across the organisation.

Information Communication and Technology (ICT) Risk oversight

1. Perform Risk Reviews on the company's ICT Risk Management Framework, ICT Governance Framework and monitoring their ongoing implementation in line with expectations including quarterly reporting to the board.

Provision of Advice

1. Partnering with the business functions to understand strategic priorities and business plans, ensuring that the aligned team provides proactive risk and compliance advice.
2. Advice and support to the business, including regulatory interpretation including with Irish and EU requirements (e.g. in relation to: MiFID, UCITS, AIFMD, CBI, ESMA, EBA, etc.).
3. Wide-ranging risk & compliance advice across the businesses (e.g.: operational controls, remediation approaches to errors, review of control failures/losses/breaches/incidents).
4. Supporting a range of regulatory driven projects, new product launches and other relevant change programs within the investment businesses.
5. Advice with regards to the implementation of best practice procedures and controls from a risk management and compliance perspective.
6. Advice and guidance in relation to the identification, review and resolution of risk events/regulatory breaches.

Contributing to team activities

1. Maintaining appropriate procedures and resources in order to deliver high quality services.
2. Production of relevant management information in relation to activities performed by the team.
3. Deputising for and support the CRO in meetings when required.
4. Promoting and encouraging a risk culture that underpins Mercers values and drives risk awareness and accountability within the business.
5. Ensuring that the team receive appropriate training and that the capabilities of the team continue to be developed in line with business needs.
6. Supporting the wider R&C function in the delivery of functional activities where required and where appropriate.

What you need to have:

1. Degree qualified or equivalent professional experience with minimum of seven years experience in enterprise risk management within the financial services sector;
2. Strong communications skills and attention to detail with a strong ability to facilitate collaborative working within and across teams;
3. Knowledge of UCITS / AIFMD / MiFID an advantage;
4. 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;
5. Understanding of the ICT regulatory environment an advantage;
6. Ability to work under pressure and meet tight deadlines in a demanding and highly regulated environment;
7. Ability to maintain clear lines of communication with various internal and external stakeholders; and
8. Ability to identify areas to improve efficiency, accuracy and analysis and suggest ways of improvement.

What makes you stand out:

1. University undergraduate degree or equivalent qualification essential
2. Postgraduate and / or professional qualifications in ICT/risk management, investments, accounting, actuarial or similar discipline a distinct advantage

What you will be rewarded with:

1. Our employees enjoy excellent benefits such as:
2. Competitive salary with annual review
3. Up to 12% pension contribution
4. Full healthcare cover
5. Study Support
6. Flexitime or flexistart
7. Flexible working/work from home
8. Sports & Social clubs/Wellness Programme
9. Paid annual leave and ability to purchase additional leave days
10. Travel ticket/bike to work/dental are optional
11. Subsidised canteen

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital or civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs. We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive.