Chief Risk Officer - Investments

at  MMC Corporate

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.
MGIE is currently seeking to appoint a Chief Risk Officer (PCF-14) to manage its Risk function and ensure that MGIE is at the forefront of risk management practices. The CRO will have distinct responsibility for the risk management function and for maintaining and monitoring the effectiveness of MGIE’s risk management system. The role holder is also expected to provide valued input into the wider Mercer International Risk Management Framework to ensure consistency of approach and high standards across the region.
The role holder will have relevant expertise, qualifications and background to perform the role. They will have sufficient seniority and independence to influence proposals, provide risk opinions and challenge decisions which affect the firm’s exposure to risk. The CRO is responsible for ensuring that effective processes are in place to identify and manage the risks to which MGIE is or might be exposed and maintaining effective processes to monitor and report on these risks. The CRO shall promote a sound and effective risk management framework and an appropriate risk culture. The CRO will be responsible for the facilitation of the setting of risk appetite across the range of risks the firm is exposed to in conjunction with senior management and the Board.
The CRO’s primary responsibility is to the MGIE Board and the CRO shall report to the Board periodically with direct access to the Chairman of the Board and the Chair of the Board Risk Committee. The CRO shall report formally to the Board Risk Committee on at least a quarterly basis. The functional reporting line will be to the Mercer Chief Risk & Compliance Officer for Mercer’s International Investment business. The role holder will also have a dotted reporting line to the MGIE CEO and will be a member of the MGIE Executive Leadership team.
This is a key role in ensuring that the Investment business Enterprise Risk Management function is operating effectively and continuously developing in line with industry best practice and regulatory expectations.

REGULATORY REQUIREMENTS

• Ensure the firm meets regulatory requirements and expectations in respect of all aspects of risk management and risks facing the firm
• Work with the Board, Finance, Risk owners and the business to ensure a high quality annual ICARAP document is produced for approval by Board and submission to the CBI. The ICARAP should reflect best practice in terms of quantitative and qualitative analysis of risk impacts, understanding of capital requirements, and establishment and implementation of relevant and appropriate stress scenarios.
• Maintain awareness of risk related regulatory developments and other external and emerging risks e.g. geopolitical risk, and communicating these as necessary.
• Support any other risk related regulatory requirements that arise

Please refer the Job description for details