MCB Head of Risk

Welcome to Moneycorp Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, Gibraltar and Brazil!With 600+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless.

We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. Find out more about Moneycorp’s offering, global footprint and capabilities here: About Us | moneycorpWho You Are / Your Next ChallengeThe Head of Risk is responsible for identifying, assessing, and mitigating risks associated with MCB (and all sub-entity affiliates’) business.

This 2nd line of defence role includes enhancing, embedding and continuously improving MCB’s enterprise risk management framework, in line with requirements set out by the MCB CRCO and Group Risk. This includes drafting risk policies, facilitating appetite setting, overseeing RCSAs, undertaking regular reporting to MCB, Group and associated Executive and Risk Committees, managing MCB third-party and outsourcing risks, ensuring (with 1st line of defence) business continuity, and enhancing operational resilience. The ideal candidate will have a strong background in risk management, excellent analytical skills, and the ability to work collaboratively across departments.

Enterprise RiskContinuously improve MCB’s enterprise risk programme and embed it across the bank. Help to increase awareness of the business risks including the following areas: - Business and IT objectives - Risk appetite: define the businesses appetite & tolerance to risk- Cultural and governance approach to risk- Compliance and control requirements taking into account internal standards and GFSC regulatory requirements - Measurement and reporting:

Development of appropriate systems to ensure timely and consistent reporting and effective risk metricsDrive the design, roll-out and embedding of the GRC tool within MCBAssist with the ICAAP and ILAAP processes (including scenario testing for Operational Risk)Assist with Risk Register design and assessmentConduct RiskSupport the MCB CRCO, Group Risk & Compliance and with any risk related responsibilities for the establishment and continuous evolution of the Conduct Risk Framework & related policiesAssist with Conduct Risk measurement and establishing relevant risk appetite measuresMarket, Credit, Liquidity & Capital RiskSupporting the MCB CFO, CRCO and Group Head of Risk on financial risk management, as required and directedOperational RiskContinuously improve and embed (with Group Risk) an MCB operational risk management framework.

Identify, assess, and monitor operational risks across the bank. Conduct, with 1st line teams, regular risk assessments and scenario analysis to identify potential operational risks. Develop and implement risk mitigation strategies and controls. Monitor and report on key risk indicators (KRIs) and operational risk events. Collaborate with departments to ensure effective risk management practices are in place. Provide training and awareness programs on operational risk management (with Group Risk)Third-Party Risk ManagementContinuously improve and embed the third-party risk management framework (with Group Risk). Ensure that due diligence and risk assessments of third-party vendors and partners is conducted and logged.

Monitor and report on third-party risk exposure and performance. Business Continuity: Develop and maintain business continuity plans (BCPs) to ensure the organisation can continue operations during and after a disruption. Conduct regular BCP testing and simulations to identify gaps and areas for improvement. Coordinate with various departments to ensure BCPs are up-to-date and effective. Provide training and awareness programs on business continuity practices. Business Continuity and Operational ResilienceBusiness Continuity: Oversight of the development and maintenance of business continuity plans (BCPs) to ensure that MCB can continue operations during and after a disruption.

Conduct regular BCP testing and simulations to identify gaps and areas for improvement. Coordinate with all MCB departments & Group BCM to ensure BCPs are up-to-date and effective. Provide training and awareness programs on business continuity practices. Operational Resilience: With the MCB COO and Group Risk continuously improve strategies to enhance the bank’s operational resilience. Ensure that critical business functions and processes have been identified and assess their vulnerability to disruptions.

Work with Group IT and other departments to ensure robust disaster recovery plans are in placeLeadershipDrive the implementation and embedding of the risk culture, knowledge and skills across MCBLead the risk side of MCB audit programmes with the MCB CRCO in connection with policy and compliance to standards Person SpecificationSkills, Qualifications And Experience Relevant To The RoleBachelor’s degree or aboveKnowledge and Experience:

Operated a similar level in an equivalent financial institution with exposure to fields of risk and control managementIn depth technical knowledge and practical experience of regulatory framework including, Gib FSC / FCA and/or other equivalent bodiesA thorough understanding of the financial services industry. Skills: A thought leader on insights and context in relation to the risk and compliance environmentStrong communication and interpersonal skillsStrong leadership skills and the ability to manage within a matrix organisationPersonal Attributes: Adaptable and flexible Calm and confidentPersonable and approachableProactive ProfessionalTeam playerSelf-motivatedPlease note:

While this is a permanent full time role, we are open to considering reduced hours for this role. The role is expected to be full time working in our Gibraltar office. Interested?If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now buttonFostering a culture of belonging and inclusivity We're committed to creating a workplace where every individual feels valued, respected, and included.

As an Equal Opportunity Employer, we actively cultivate an inclusive culture where diversity thrives, and we empower our colleagues to drive meaningful change within our organisation through initiatives like our DE&I focus groups and value champion network. Like many of our peers, we recognise that fostering inclusivity is an ongoing journey, and we remain steadfast in our commitment to progress. By measuring our efforts through regular assessments and listening to the feedback of our employees, we strive to ensure that our initiatives are impactful and responsive to the evolving needs of our workforce.

Together, we want to build a workplace where everyone can bring their authentic selves to work, as we believe this is the foundation of innovation, creativity, and collective success. Connect with us For company news, announcements and market insights, visit our News Hub. You can also find Moneycorp on Facebook, Twitter UK, Twitter Americas, Instagram, LinkedIn, where you can discover how we are leading the way in global payments and currency risk management.