Risk Appetite Framework & Risk Governance Executive
- CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and Asia with the aim of supporting economic development. CDC has net assets of £6.4bn and a portfolio of £4.7 billion.
- In 2019 we committed over £1.66 billion of capital to business in Africa and Asia and are now invested in 1,200 businesses which directly employ over 875,000 workers and support many more.
- CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two years.
- In 2020 we have expended our presence in Africa and Asia by opening new offices.
- At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
- Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
- CDC works with likeminded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 450 and place immense value on diversity within our organisation.
- Read more about us on our website cdcgroup.com
Team and role overview
CDC’s Risk function is responsible for overseeing CDC’s risk management framework, including:
- Leading initiatives to clearly articulate CDC’s risk appetite.
- Designing, implementing and ensuring the effective functioning of CDC’s risk framework in line with the organisation’s activities and external requirements.
- Supporting risk owners in the identification and understanding of risks, enabling them to make informed decisions about how to mitigate risks to be consistent with risk appetite.
- Provide risk reporting to executive committees, the Board and Shareholder, enabling these bodies to understand the risks facing CDC and how they are being managed.
The Risk Governance Executive sits within the Operational Risk team. Their role is to support the Risk Manager and Chief Risk Officer in achieving these objectives, with a particular focus on developing CDC’s risk appetite framework and governance of new activities. The Risk Governance Executive will work across CDC’s investment, transaction support and operations teams.
- Establish and run a risk assessment and acceptance process for new activities.
- Lead the annual refresh of CDC’s risk appetite statement. Identify and take responsibility for initiatives to enhance understanding and embedding of CDC’s risk appetite across the business.
- Act as risk representative and provide expert advice on major change initiatives across CDC’s operations.
- Work with the Operational Risk Associate to enhance mechanisms for monitoring progress on risk related action points.
Operational Risk Management
- Lead risk review workshops in an agreed area of CDC’s business, working with risk owners to ensure that risks are identified and assessed appropriately, and following up on proposed action plans to ensure they are implemented.
- Conduct root-cause analysis on risk events in the business area, recommending actions to reduce the likelihood of future errors.
Policies and Procedures
- Take overall responsibility for ensuring CDC’s risk manual, risk policy and risk taxonomy remain in line with the risk appetite statement and evolving risk framework.
- Support the Risk Manager and Chief Risk Officer in the delivery of projects, focused on enhancements to the risk framework or mitigation of specific high-priority risks.
CDC can support flexible working around times and/or reduced hours
- Suitable operational risk management or risk governance experience in financial investment institution (investment banking / private equity etc.)
- Experience of developing risk appetite statements across a range of risk types, including operational and reputational risks.
- Experience of managing new product or new business approval processes.
- Familiarity with a range of operational risk management techniques including risk event management and RCSA.
- Ability to communicate clearly and concisely, both orally and in writing.
- Ability to gather, evaluate, distil and present risk management information
- Interpersonal skills with a persuasive, diplomatic, confident manner
- Ability to work across all levels within the organisation and provide constructive challenge to risk owners
- Ability to establish and retain effective working relationships with stakeholders
- Organisational skills and ability to plan and manage multiple tasks concurrently
- Attention to detail when preparing reports and analysing data
- An understanding of and belief in the development finance sector
- Ability to embrace change and manage ambiguity
- Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
- Impact-led, commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring
CDC is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
Please provide a cover letter with your application
Role opened: 26/08/2020
Role closes: 24/11/2020