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Head of IT Risk Job at Bank of Ireland – in Dublin, County Dublin

Job Description

Group Risk guides the Group in its definition and articulation of risk appetite and provides strong independent oversight and management of the Group’s risk profile, as the Group fulfils its Purpose to enable our customers, colleagues and communities to thrive and pursues its Ambition to be the National Champion Bank in Ireland and selective international diversification . As the Group progresses its Strategic Priorities to Serve customers brilliantly, Transform the Bank and Grow sustainable profits the Group Risk adopts the philosophy that great customer outcomes and great risk management are intrinsically linked through culture. The Function maintains a robust risk culture, in support of the Group’s strategic goals, by ensuring that the appropriate structures, systems, policies and controls are in place to provide effective management of risk. Group Risk strives to support the Group in optimising returns over the longer term through robust and value adding risk management. The Functions ambition is to ensure that Group Risk is an enduring source of strategic advantage to the Group.

Equality Statement

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Description of business unit

The Operational Risk team sits within Group Risk and is responsible for 2nd line of defence (2LOD) oversight of operational risks. This team is responsible for the Operational Risk framework and policies, 2 LOD Risk metrics, standardised risk and control libraries, review and challenge of 1st line of defence (1LOD) risk management, annual deep dive reviews, 1 LOD Path to Target review and challenge, review and challenge at committees and steering groups, as well as governance committees such as the Group Operational Risk Committee.

Purpose of the Role

Group Risk independent oversight, review and challenge ofIT operational risk management (includingCloud solutions) to ensure the adequate identification, assessment, recording and reporting ofIT risk.

Key Accountabilities

Independent review and challenge of IT management and business supplier relationship managers in relation to

on premises, cloud solutions and key outsource partner IT services to ensure IT operational risks are being considered and managed appropriately.

Effectively represent the independent Group Risk view of IT operational risk at management risk committees, programme steering meetings, Group governance committees etc. to ensure the right risks are being considered and proposed mitigating controls are challenged.

Articulate IT operational risk perspectives in clear and accessible language both written and verbal to ensure the

risks are understood by the different stakeholders (both technical and nontechnical).

Prepare Group Risk insight papers on the IT operational risks and review and challenge IT management operational risk papers to committees to ensure awareness and understanding of IT risks.

Maintain a clear and comprehensive IT Operational Risk framework, policy and standards to ensure IT risk managers have clear parameters and guidance within which they must operate.

Compile, interpret and provide briefing notes on IT operational risk reporting metrics monthly and quarterly to

highlight and provide independent insight into the issues that are arising.

Work with the Head of Risk Framework to ensure full alignment of approach to oversight of IT operational risk

with Group Risk Management Framework and taxonomy.

Provide advisory to the Group and its committees on IT operational risk.

Annually review and propose the Risk Appetite for IT operational risk.

What is the opportunity

This is a great opportunity to join the Operational Risk team in Group Risk at a time of significant change. This rolewill be a key participant in the review and enhancement of all aspects of Operational Risk for the Group. Thisincludes the risk framework, risk metrics, risk taxonomy, risk and control libraries, policies, guidance, model ofengagement with business units and support units, development and presentation of papers to governance committees etc. The opportunity is here to make a personal mark on the enhancement of Operational Risk for theGroup.

Essential Qualifications


Essential Skills & Experience

Reflecting the senior level of the role and its responsibilities, the individual must be able to demonstrate the following:

Extensive experience of operating at a senior risk management level in a financial services organisation – e.g. IT risk professional, IT operational management, IT audit lead.

Proven track record in IT risk management in Financial Services.

Understanding of the key Financial Services industry IT transformations required including Cloud services.

Up to date knowledge of regulatory and industry guidelines for risk management and mitigation in financial services.

Strategic & Leadership:
An ability to collaborate, challenge and influence at senior levels inside and outside the organisation including senior executive, GEC and Board level; and engaging with regulators and external stakeholders as required. This

includes providing strategic risk analysis and risk perspectives to inform key risk and Group decisions on approach to IT risk management.

Credibility, gravitas, resilience and independence to influence proposals or challenge decisions which affect Group exposure to IT risk.

Proven track record in operating effectively with IT Management, Group Risk oversight teams and Internal Audit.

Experience of working with senior executives, building relationships and challenging effectively.

Experience of leading and achieving significant uplift in capability in risk management practices.

Extensive experience of leading a team of risk management professionals including ensuring there are appropriate skills and up to date industry knowledge on the team to provide a best in class second line of defence in the area of IT risk.

Strong track record in the areas of solving problems, delivering quality, achieving results, thinking strategically and managing change.

Key Competencies

Manage Risk – Leader

Accountable – Leader

One Group, one team – Leader

Agile – Leader

Champion Transformation – Leader

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

About Company

Company: Bank of Ireland –

Company Location:  Dublin, County Dublin

About Bank of Ireland -