Risk Management & Compliance

Warner Scott Recruitment is expertly suited to recruuit for Risk Management Jobs and Jobs in Compliance within the Banking sector. Roles we specialise in include:

Risk Management is a core function for Banks and Financial Institutions to manage market volatility and other related risks. Broadly speaking, risks assumed by banks include credit risk, market risk, liquidity risk and operational risk. To enable an effective management framework for comprehensive risk management, statistical methods are used to quantify and aggregate credit, market, and operational risk and determining its overall risk exposure.

The various types of risk are managed through the establishment of a controller for risk management as well as various committees such as the ALM committee. Banks also specify those in charge of the various types of risk and analyze the status of these risks, and constantly evaluate and manage them for the entire bank.

The purpose of the compliance function is to assist in managing its compliance risk, which can be defined as the risk of legal or regulatory sanctions, financial loss, or loss to reputation a bank may suffer as a result of its failure to comply with all applicable laws, regulations, codes of conduct and standards of good practice.