Director Risk & Compliance

Position: Director Risk & Compliance
Location: Stockholm, Sweden

We are seeking a Director Risk & Compliance to lead a Risk and Compliance department of a financial services firm, ensuring the second line of defense. You may also manage first line of defense activities related to credit, control, and operational risk.

Key Responsibilities

• Risk & Compliance Framework: Implement and ensure the effectiveness, efficiency, and continuous improvement of the risk management and compliance framework, including IT tools.
• Governance Contribution: Actively participate in committees, offering constructive challenges and supporting governance bodies in fulfilling their roles.
• Risk Oversight: Oversee the management of all risks from a second line of defense perspective, escalating issues when central guidelines conflict with local laws and regulations.
• Support First Line of Defense: Assist the first line of defense in maintaining the entity's risk profile in line with central guidelines and implementing risk mitigation strategies.
• Risk Monitoring: Monitor overall risk exposures, identify emerging risks, and assess the impact of macroeconomic, political, technological, and ESG scenarios.
• Compliance Assurance: Ensure all non-compliance risks are identified and that the compliance framework is properly implemented by first line of defence, including regulatory training and culture aspects.
• Regulatory Impact Evaluation: Evaluate the impact of legal and regulatory changes on the entity's activities and compliance setup.
• Team Development: Build a strong team by attracting new talent and developing internal talent to ensure succession planning and a culture of accountability.
• Organizational Setup: Ensure the team has adequate resources, information systems, and access to necessary information for their duties.
• Independence of Controllers: Ensure the independence of Level 2 Controllers within the entity, coordinating hierarchical and functional reporting.
• Budget Input: Provide input for the annual budget and monitor adherence to the approved budget.
• Collaboration: Work with other leaders, sharing lessons learned and best practices to continuously improve the risk management and compliance framework.
• Shared Services Management: Set up and manage Shared Services Centers/Expertise Centers, ensuring correct implementation of central risk policies and procedures.
• Regulatory Authorities: Support day-to-day relationships with local regulatory authorities, escalate correspondence to senior management, and ensure the integrity of regulatory reporting. Monitor the follow-up and implementation of audit, inspection, or remediation actions on risk, compliance, and control topics.

Key Requirements

• Experience: Over 7 years in the financial services sector in areas such as finance, risk, compliance, legal, or related fields, with at least 3 years in management. Experience in the leasing sector is preferred.
• Knowledge: Strong understanding of regulations and risk categories, including financial and non-financial risks, and non-compliance risks.
• Skills: Proficiency in risk management, compliance, analysis, and control techniques. Strong financial analysis capabilities.
• Decision-Making: Ability to make well-informed, objective decisions that support organizational goals.
• Communication: Ability to discuss business concerns independently, maintain convictions, and explain positions clearly.
• Collaboration: Capacity to build a collaborative environment that encourages teamwork.
• Stakeholder Interaction: Ability to interact with stakeholders at all levels and work with different cultures and nationalities.