Senior Risk Manager

Description:

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). 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 closely 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
 

• Support the CRO is fostering and developing a strong risk management culture, across all categories of risk, throughout the organisation.
• Maintain the Risk Management Framework including Risk Management Policy, Risk Register and related risk monitoring plan.
• 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.
• 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.
• 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 across all categories of risks.
• Evaluate emerging risks and determine how they will be addressed within MGIE's risk framework.
• Manage and support to the Internal Capital Adequacy Risk Assessment Process (ICARAP) and undertake control effectiveness testing on a periodic basis.
• Providing technical input with regards to the development of risk training.
• Work with individual lines of business and support functions to mitigate, manage and monitor risks across the organisation.
• Perform Risk Reviews on the company’s ICT Risk Management Framework, ICT Governance Framework and monitoring their ongoing implementation in line with expectations.
   

Provision of Advice
 

• Partnering with the business functions to understand strategic priorities and business plans, ensuring that the aligned team provides proactive risk advice.
• Wide-ranging risk advice across the businesses (e.g.: operational controls, remediation approaches to errors, review of control failures/losses/breaches/incidents).
• Advice with regards to the implementation of best practice procedures and controls from a risk management perspective.
• Advice and guidance in relation to the identification, review and resolution of risk events.