Chris Cox

• Responsible for operational risk sections of the Group ICAAP and legal entity ICARAs. This includes development and update of risk scenarios, capital modelling; and reporting to legal entity boards and the Group Risk Committee.
• Operational risk modelling training for key senior stakeholders across the business, including the CEO, CFO and NEDs.
• Oversight and support to the 1LoD on operational risk framework components, including risk event management, RCSAs; and issues and actions.
• Thematic reviews into emerging risk themes and trends.
• Quarterly operational risk reporting to legal entity boards, including trend analysis.
• Enhancement of risk appetite KRIs and risk appetite reporting.
• Management of the relationship with external loss data provider (ORX) including attendance at asset management leadership meetings and seminars.

• Responsible for producing and presenting quarterly risk reports to the UK entity boards, the Group Risk Committee and the Board of Directors.
• Ongoing development of risk appetite monitoring and reporting to ensure risks approaching or outside of appetite are escalated appropriately.
• Led the implementation of IFPR, including documentation of the ICARA.
• Ongoing capital adequacy monitoring, including calculation of the own funds threshold requirement for quarterly FCA returns.
• Facilitation of annual ISAE 3402 (SOC 1) report.
• Support of operational risk processes, including quarterly meetings with business areas, RCSA review and challenge; and incident management.
• Risk input into client presentations, RFPs and client due diligence requests.

• Responsible for the development and enhancement of the Operational Risk Framework, Operational Risk Policy, supporting standards and risk taxonomy for M&G Group and for M&G plc. as it de-merged from Prudential plc.
• Led on the development of a new risk appetite statements for M&G plc. and a legal entity, including associated KRIs.
• Key adviser on system requirements for a project to implement a new GRC system (MetricStream).
• Improved understanding of operational risk in the 1LoD by developing and conducting operational risk training, including all staff computer based training (CBT) and face-to-face training.
• Provided input into key regulatory documents including the ICAAP, ORSA, SFCR and Pillar 3 Disclosure. Prepared 1LoD colleagues for a SREP visit.
• Provided risk expertise in various forums and working groups, including GRC System Project Board, Risk Training Working Group, Product Update Forum, Brexit Programme Board and Brexit Risk Forum.
• Managed junior team member.

Details of Chris's most relevant projects are provided below:

GE Capital – RCSA Development and Assurance:

• Project managed implementation of new RCSA standards and procedures, ensuring timely delivery to meet regulatory imposed requirements and deadlines.. Enhanced RCSA Reporting to governance committees.

Credit Suisse – Operational Risk Framework Development:

• Enhanced the Operational Risk Framework to meet regulatory requirements, including policy, documentation, procedures, risk event templates, process flows and a KRI trend analysis tool.
• Supported Implementation of the framework in the front office.

UBS – Front Office Controls Assessment:

• Reviewed and rationalised controls to create a control library and ensure consistency across front office business lines.
• Designed and implemented an improved quarterly front office control assessment process, including the production of MI required for business head approval.

Coop Bank – Operational Risk Data Analysis:

• Analysis and mapping of legacy operational risk data including internal and external loss data, RCSAs and scenarios to a new 'Principle Risk' structure.
• Facilitated scenario analysis workshops to determine potential for a reduction in the capital requirement through control enhancements.

Bank of New York Mellon – Resolution Planning:

• Led and project managed the development of the clients Phase 1a Resolution Plan response.

Lehman Brothers in Administration – Resolution:

• Led 'Data Integrity' workstream on a project to develop a client statement reflecting client positions across multiple products and business areas.
• Developed corporate action processing functionality for a tool used to analyse and distribute counterparty assets.
• Developed proposition, Business Case, Business Requirement Document and Specification documentation for a project to accurately display counterparty client money entitlements in the tool used for asset distribution.

People Management:

• People managed 10 graduates through the PwC graduate scheme and three Senior Associates. This included providing support and advice through regular catch-ups and representing the staff members at performance reviews.