Key Responsibilities
Board & Committee Leadership
Chair the Risk Committee and ensure its effective operation in line with its terms of reference
Ensure appropriate composition, capability, and resourcing of the Committee
Maintain strong collaboration with the Board and key committees (e.g. Audit & Compliance)
Risk Oversight & Strategy
Oversee the organisation’s risk appetite, tolerance, and strategic risk framework
Provide challenge and guidance on risk exposure in the context of market and macroeconomic conditions
Monitor emerging risks and the organisation’s ability to identify and manage new risk types
Review material risk breaches and ensure appropriate mitigation actions are implemented
Risk Function & Independence
Safeguard the independence and effectiveness of the risk function
Ensure the Risk team has sufficient authority, resources, and access to information
Support direct access between the Chief Risk Officer and the Board
Governance & Reporting
Oversee delivery of high-quality Management Information to the Board
Ensure clear reporting of key risks, trends, and recommendations
Monitor frameworks covering operational, conduct, and reputational risk
Regulatory Scope
SMF10 – Chair of Risk Committee
Oversight aligned with PRA/FCA expectations and SYSC risk control requirements
Accountability for effective risk governance at Board level