Independent Non-Executive Director - Chair of the Board Risk CommitteeThe Independent Non-Executive Director (INED) – Chair of the Board Risk Committee (BRC) is responsible for providing independent oversight of the Bank’s risk management framework. In this role, the INED-BRC will lead the identification, assessment, and mitigation of key risks across the organisation, ensuring alignment with regulatory requirements and expectations. The INED-BRC will promote a strong risk culture, monitor critical risk exposures, and report regularly to the Board and relevant stakeholders.

Key Responsibilities

Lead and chair the Board Risk Committee to ensure effective risk management practices.

Ensure robust oversight of risk management functions, facilitating discussions and decision-making processes that promote a culture of risk awareness across the bank.

Oversee the identification, assessment, and mitigation of key risks, including credit, liquidity, market, and operational risks in alignment with the bank’s risk appetite and regulatory expectations.

Ensure effective implementation of the bank’s risk management framework, with regular reviews and adjustments to ensure its continued effectiveness.

Regulatory Compliance

Monitor adherence to PRA/FCA regulations and ensure the bank’s risk management practices meet regulatory standards.

Oversee the annual stress testing and assessment of the bank’s resilience against key risks and emerging threats.

Lead the process of articulating the bank’s risk appetite, ensuring it is integrated into business strategies and operations.

Ensure alignment of risk appetite with the bank’s strategic objectives and regulatory expectations.

Reporting and Communication

Provide bi-annual reports on the assessment of the bank’s strategy and performance, highlighting key risks and mitigation measures.

Ensure accurate, timely, and transparent communication regarding risk matters to the Board and relevant stakeholders.

Foster a culture of open discussion and challenge around risk within the Board and senior management team.

Ensure effective collaboration with the CEO, HORC, COO, and other key executives to support risk awareness and decision-making.

Promote continuous improvement in the bank’s risk governance framework and ensure that best practices are adopted.

Champion the integration of risk management processes in all business areas, ensuring long-term sustainability and compliance.

Regulatory RequirementsThis is a Senior Management Function (SMF10) role, subject to approval by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). The successful candidate must demonstrate fitness and propriety in accordance with the Senior Managers and Certification Regime (SMandCR).

Seniority levelExecutive

Employment typeOther

Job functionBusiness Development and SalesIndustriesBanking

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