Enterprise Risk Manager, Risk Identification & Materiality Specialist

Functional Description

The Enterprise Risk Management (ERM) function is embedded within the Risk and Compliance organisation and is responsible for establishing and maintaining the company’s overall risk management and risk governance framework. The team is responsible for ensuring that risk management activities are being conducted in a manner compliant with regulatory requirements and expectations. The team aggregates and reports on key risk management and oversight activities to the Senior Management and Committees.

ERM department is responsible for formalizing the Risk taxonomy, Risk identification, Emerging Risk scanner, Risk Materiality assessment. The outcome of which is consumed for Risk Management Framework and strategic processes like Risk Appetite, SREP, ICAAP/ILAAP, Stress Test and Regulatory Disclosures.

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Scope and job summary

The position of Enterprise Risk Manager – Risk identification and Materiality Specialist will report to the Head of Enterprise Risk Management and work closely with Senior Enterprise Risk Managers for the deliverables.

The incumbent will be responsible for supporting the enterprise-wide risk identification and aggregation program, including but not limited to defining the identification criteria, emerging risk scanner, identifying the risk universe, establishing a quantitative materiality framework for the assessment of these risks (i.e. strategic, financial and non-financial), and the aggregation/reporting based on the established risk taxonomy.

The role requires strong knowledge and experience of risk identification & risk assessment process preferably in a regulated financial/banking institution, as well as with an ability to work with teams across the organization.

Key Responsibilities

·         Support in establishing a risk identification framework including defining a standardized risk taxonomy that can be cascaded and consistently linked with other enterprise-wide risk and controls frameworks.

·         Assess various materiality criteria for establishing a consistent risk universe and support the capital planning scenario design process as appropriate.

·         Support the risk assessment of Ayvens’ risk taxonomy including the assessment factors (inherent and residual risk, likelihood and impact scales, ESG, reputation, etc.) and assess emerging risks.

·         Creation and publication of risk related reporting to the senior leadership and committees and support engagement with regulatory bodies related to the risk identification and assessment processes.

·         Design of strategic scenarios for Stress Tests, over all risks that the entity is exposed to.

·         Conduct studies (regulation changes, benchmarks), and other ah-hoc assignments and trainings with the support from Senior Enterprise Risk Managers.

·         Utilize quantitative and qualitative analysis techniques to assess risk scenarios and probabilities.

·         Support in developing Risk appetite and Key Risk indicators for the respective material risk areas.

·         Work on alignment between risk identification process and strategic processes (RAS, ICAAP, ST, etc.)

·         Experience in ESG risk assessment and understanding of ESG principles & frameworks is preferred.

Competencies description

·         At least 5-8 years of relevant experience in the financial services industry, preferably in risk management or experience in audit of risk management functions.

·         Knowledge of the regulatory and risk environment in the financial sector or regulatory/supervisory guidelines (e.g. Guidelines on internal governance, SREP, ESG, Supervisory stress testing, etc.).

·         Understanding of foundational risk management frameworks including financial and non-financial risks faced by financial institutions and the impacts on the operating environment.

·         Experience in leasing activities or risks analysis for mobility industry is a plus.

·         Excellent communication skill to convey complex risk assessments to non-technical stakeholders.

·         Proficiency in Microsoft Office (specifically Word, PowerPoint and Excel).

·         Fluency in English. Additional fluency in French language is a plus

Preferred Qualifications

·         Advanced degree in Finance, Economics, Risk Management (e.g. FRM, COSO), etc.

·         Relevant work experience with roles in the Risk Management space, particularly with Risk Identification and Taxonomy related activities, Risk Assessments and Risk Appetite.

Behavioural skills:

·         Pro-active, highly adaptable and initiative driven candidate.

·         Good written and verbal communication for active stakeholder management and ability to make propositions for senior management.

·         Strong team player who is motivated by diverse tasks.

·         Strong attention to detail and sense of end-to-end ownership of processes and delivery

Subsidiary of the Société Générale group, specialized in the automobile financial services, Ayvens, born from the combination of ALD Automotive and LeasePlan, is the leader of the Operational car leasing. Its range of services allows international companies to concentrate on their business line by delegating the financing, the management and the maintenance of their car fleet.

The holding company, ALD S.A, is responsible for the development of the group and of the supervision of its activities in 44 countries where it is implanted. It brings a technical support for subsidiaries thanks to its role of coordination and favors the creation of synergies between countries and regions.

Customers looking for partnership expect from their lessor to act as a trusted advisor to help them make the right fleet management and sustainable mobility choices. This need is booming in a context of stronger relationship commitments from our customers and car industry fast changes.