Manager Resilience and Continuity, Enterprise Risk and Resilience Division

Bank of England ,
London, Greater London
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Overview

Job Description

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability. Risk management in its broadest sense is at the core of the Bank's mission and is central to everything we do. As well as the diverse policy risks managed by the Bank's three policymaking committees, the Bank is also exposed to a wide array of financial and non-financial risks. The Risk Directorate was created following the 2018 internal Risk Governance Review and houses the second line of defence risk and compliance functions charged with providing effective oversight of the Bank's financial and non-financial risks and ensuring compliance with its policies. The Directorate brought together various second line functions - Bankwide Risk, Financial Risk & Resilience, and the Bank's central Compliance Division, including Privacy. The Risk Directorate also includes Business Continuity Management. Internal Audit forms the third line of Defence for the bank and is part of the Risk Directorate for administration purposes but operates independently Department Overview The Bank operates a three lines of defence model for the management of risk. Enterprise Risk and Resilience Division sits within the Risk Directorate (the second line of defence). Risk Directorate is led by the Executive Director, Risk who reports to the Governor with a dotted reporting line to the Chair of the Audit and Rrisk Committee. Risk Directorate comprises three divisions: Enterprise Risk and Resilience Division; Financial Risk and Resilience Division; and Compliance Division. Enterprise Risk and Resilience Division is responsible for: - Taking through approval by Court, the tolerances that the Bank uses to manage its risks; - Making sure that non-financial risks, including cyber and other security risks, are managed and mitigated, by the first line of defence, within that tolerance (set by Court); - The development and implementation of the Bank's Risk Management Framework, risk management systems and tools; - The development and implementation of the Bank's Business Continuity Framework and Critical Incident Management Framework; and - Acting as Secretariat to the Bank's Executive Risk Committee. The division, which has recently been restructured, comprises three teams: - Operational Risk and Resilience Team, responsible for second line management of other operational risks and business continuity; - Framework, Systems and Analytics Team, responsible for the development of the Bank's risk framework and risk management tools, as well as some specialist risk areas; and - Security Risk Team, responsible for second line oversight and challenge of a broad range of security risks, including cyber, physical security, fraud and financial crime. Working in the division provides an excellent opportunity to develop an understanding of, and interact with, all areas of the Bank - including senior leaders. Risk Directorate is committed to ensuring diversity within the Directorate: including diversity of skills, perspectives and background. We operate a flexible working environment. Job description This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness. Reporting to the Head of Operational Risk and Resilience, the jobholder will lead the Bank's Resilience and Continuity Programme. Key responsibilities will include: Overseeing the Bank's Critical Incident Management Framework, ensuring it is fit for purpose, regularly exercised, assessed for its capability and maturity, and effective in enabling the Bank to cope with any crisis; Being one of a small group of staff equipped to support the running of the Bank's Critical Incident Management Framework during a disruptive event; Overseeing the Bank's Business Continuity Framework, ensuring it is fit for purpose, regularly reviewed, assessed for its capability and maturity, and effective in developing appropriate resilience in the Bank's critical functions; Overseeing data collection on Resilience and Continuity, developing and successfully delivering the business continuity module within Archer [a 'Governance, Risk Management and Compliance' system in use at the Bank]; Leading analysis to support papers / reports deliver

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