Chief Risk Officer - Ireland Dublin

Virtu is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients.

As a market maker, Virtu provides deep liquidity that helps to create more efficient markets around the world.

Our market structure expertise, broad diversification, and execution technology enables us to provide competitive bids and offers in over 19,000 securities, at over 235 venues, in 36 countries worldwide.

Virtu's Legal and Compliance team is looking for a Chief Risk Officer to oversee our Virtu Financial Ireland Limited entity.

This role requires the candidate to be domiciled in Ireland; a successful candidate outside of Ireland will be expected to relocate to work in our Dublin office.

Responsibilities

Oversight and continued development of the firm's risk framework including policies and procedures.

Development and embedding of the firm's Risk Appetite (Key Risk Indicator) framework including monitoring of measures & metrics, losses and incidents, key risk exposures and early warning indicators.

Engagement with business lines to identify, quantify and mitigate risks.

Review, document and approve client trading limits in line with the firm's Credit and Counterparty Risk policy and procedures.

Monitoring of trading activity in a second line capacity.

Engagement with Senior Management and the business in a consultative business-partner capacity on all matters pertaining to risk.

Liaising with the Board of Directors, local Senior Management and Group Risk to raise awareness of risk and the actions taken to mitigate and manage same.

Work with the 1st Line in investigating, mitigation and reporting of risk events.

Annual and periodic risk and control assessments.

Controls testing, validation and quantification.

Continued development, execution and monitoring of the firm's ICARAP (ICAAP) framework.

Continued development, execution and monitoring of the firm's BRRD Recovery Planning framework.

Liaison with other 2nd Line functions including Compliance & Group Risk as part of our broader 2nd line of defence monitoring.

Experience & Qualifications

Bachelor's Degree in Finance, Business or related field, IRM qualifications or other risk certifications programmes also considered.

Minimum of 5+ year's relevant experience in Banking or Investment Firms (e.g. investment banking, capital markets), will also consider risk consultancy and risk audit experience.

Previous experience as a PCF-14 holder or similar would be advantageous.

Evidence of developing and embedding an enterprise risk management framework.

Ability to support and provide robust oversight and challenge to both first line of defence and senior management.

Good knowledge of Irish / EU legislation relevant to the firm i.e. MIFID II, IFPR, BRRD

Evidence of managing the process to create and embed the ICARAP (ICAAP) framework

Evidence ability to deal effectively with the firm's stakeholders i.e. Senior Management, Board, Regulators (e.g. reporting directly to the board / regulatory engagement)

Ability to work on own initiative and as part of a broader Global team of risk specialists.

Specialization in Operational and or Market risk highly desirable.

Strong process orientation and excellent written and oral communications skills.

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