Senior Risk Manager - Investments

Company:

Mercer

Description:

What can you expect:

Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With over 25,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com.

Mercer's Investments business is a leading global provider of investment advice, tools and implementation solutions. We offer customised advice and support at every stage of the investment decision making, risk management and investment monitoring process. Mercer Global Investments Europe Limited (“MGIE”), based in Dublin is a key provider of investment solutions across the International region, including Europe, UK, Asia and the Middle East. It is a MiFID entity that was established in 2006 and currently manages assets in excess of $180bn through a range of Dublin domicile funds, external third party funds and segregated mandates.

The Risk & Compliance function is responsible for the oversight and management of the enterprise risk management framework within MGIE. The function must meet the expectations of multiple stakeholders, including Boards of Directors, the Central Bank of Ireland and front line business units with the aim of ensuring that risks are appropriately identified, mitigated, managed and monitored.

MGIE is currently seeking to appoint a Senior Risk Manager (CF-2 role subject to Central Bank of Ireland Fitness and Probity standards).  This role will report into the CRO (PCF-14 role) in the Risk & Compliance (R&C) team and will be an important role in ensuring that the organisation’s enterprise risk management function is operating effectively and continuously developing in line with industry best practice and regulatory expectations.

We will rely on you to:

The role holder will work closely with the CRO on ongoing developments of the risk management programme and will be responsible for implementation of the framework within the Company. The role will be responsible for performing risk reviews to identify, evaluate and manage key risks impacting the business with a focus on the risks impacting the Company’s business objectives. The role will provide guidance on risk matters, producing regular management information and communicating results and progress on risk initiatives to senior management and relevant governance committees.

The successful candidate will be required to, inter alia:

Enterprise Risk

• Support the CRO is fostering and developing a strong risk management culture, across all categories of risk, throughout the organisation.
• Maintain the Risk Management Framework including Risk Management Policy, Risk Register and related risk monitoring plan.
• Manage and continually develop and enhance the Enterprise Risk Management framework and day to day risk management processes ensuring it is fit for purpose, meets regulatory expectations and adds real value to the firm.  This includes using ERM tools to manage Risk Registers and produce quarterly Risk focused reports for the relevant committees.
• Develop risk appetites with the business to embed a clear understanding of the level of risk the business is willing to accept to support the strategy.
• Develop and implement a Risk Program that includes risk focused reviews on key risk areas and a controls testing program.
• Identification, evaluation, mitigation, monitoring and reporting across all categories of risks.
• Evaluate emerging risks and determine how they will be addressed within MGIE's risk framework.
• Manage and support to the Internal Capital Adequacy Risk Assessment Process (ICARAP) and undertake control effectiveness testing on a periodic basis.
• Providing technical input with regards to the development of risk training.
• Work with individual lines of business and support functions to mitigate, manage and monitor risks across the organisation.
• Perform Risk Reviews on the company’s ICT Risk Management Framework, ICT Governance Framework and monitoring their ongoing implementation in line with expectations.

Provision of Advice

• Partnering with the business functions to understand strategic priorities and business plans, ensuring that the aligned team provides proactive risk advice.
• Wide-ranging risk advice across the businesses (e.g.: operational controls, remediation approaches to errors, review of control failures/losses/breaches/incidents).
• Advice with regards to the implementation of best practice procedures and controls from a risk management perspective.
• Advice and guidance in relation to the identification, review and resolution of risk events.

Contributing to team activities

• Production of relevant management information in relation to activities performed by the team.
• Deputising for and support the CRO in meetings when required.
• Promoting and encouraging a risk culture that underpins Mercers values and drives risk awareness and accountability within the business.
• Ensuring that the team receive appropriate training and that the capabilities of the team continue to be developed in line with business needs.
• Supporting the wider R&C function in the delivery of functional activities where required and where appropriate.

What you need to have: 

• Degree qualified or equivalent professional experience in enterprise risk management within the financial services sector;
• Strong communications skills and attention to detail with a strong ability to facilitate collaborative working within and across teams;
• Understanding of the ICT regulatory environment an advantage; and
• Ability to identify areas to improve efficiency, accuracy and analysis and suggest ways of improvement.

What makes you stand out:

• University undergraduate degree or equivalent qualification.
• Postgraduate and / or professional qualifications in ICT/risk management, investments, accounting, actuarial or similar discipline a distinct advantage.

What you will be rewarded with:

• Our employees enjoy excellent benefits such as:
• Competitive salary with annual review
• Up to 12% pension contribution
• Full healthcare cover
• Study Support
• Flexitime or flexistart
• Flexible working/work from home
• Sports & Social clubs/Wellness Programme
• Paid annual leave and ability to purchase additional leave days
• Travel ticket/bike to work/dental are optional
• Subsidised canteen

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital or civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs. We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive.

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, Traveller community, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable support to any candidate with a disability/health condition to allow them to fully participate in the recruitment process. We welcome candidates to contact us at reasonableaccommodations@mmc.com to discuss any specific needs.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.