Legal & General
Head of Operational Risk, Cofunds & Suffolk Life
April 2014 to Present
Senior Risk Manager
December 2012 to March 2014
Principal Consultant, Actuarial and Analytical Services, Aon Global Risk Consulting
October 2011 to November 2012
London, United Kingdom
Lloyds Banking Group
Head of Operational Risk Framework Design & Insight
August 2010 to October 2011
London, United Kingdom
Lloyds Banking Group
Senior Operational Risk Manager, Group Risk
February 2010 to July 2010
London, United Kingdom
Operational Risk Manager
March 2007 to January 2010
London, United Kingdom
Ford Motor Credit Company
Supervisor, Corporate Recovery
2005 to 2007
Background in risk management (both credit and operational) and control related areas with a reputation for building advanced risk and control frameworks, processes and systems. Proven track record at developing and implementing operational risk frameworks for Basel II and Solvency II within the Financial Services industry, including recently for two AMA banks at Head of Operational Risk / Senior Manager levels. Well-developed leadership and relationship management skills used to differentiate risk management as a business enabler. Specialties:- Risk Management and Control; - Programme and Project Management; - Change Management; - Basel II and Solvency II; - Scenario Analysis, Stress Testing & Reverse Stress Testing; - Sarbanes-Oxley advisory and compliance; - Strategy Development; - Corporate Governance; - Process reviews and re-engineering (6 Sigma); - Strategic Alliances; - Financial Services - Banking and InsuranceHead of Operational Risk, Cofunds & Suffolk Life @ From April 2014 to Present (1 year 7 months) london, withamSenior Risk Manager @ From December 2012 to March 2014 (1 year 4 months) Principal Consultant, Actuarial and Analytical Services, Aon Global Risk Consulting @ • Helped re-design the operational risk offering from the Aon Ltd Financial Practice. This includes a new approach for scenario analysis and capital modelling which is more reflective of industry best practice, • Project Manager in charge of the enhancement of the AMA operational risk capital model for a major European Bank. The scope of the work include: a) definition of a more robust and risk sensitive AMA capital model for operational risk: b) enhanced used of scenarios in their operational risk model based on a new methodology c) better use of external data (ORX, Aon OpBase) in their capital at risk calculation d) improved use of frequency and severity distribution fittings and correlation in the model • Facilitated several scenario interviews and workshops for financial institutions to help them understand their potential exposure to severe or extreme operational losses, • Prepared several gap analyses for smaller financial institutions to help them define how they could improve their operational risk capabilities. From October 2011 to November 2012 (1 year 2 months) London, United KingdomHead of Operational Risk Framework Design & Insight @ Recruited to advise and support the implementation of an integrated operational risk framework for Lloyds Banking Group (LBG) following the integration of LTSB and HBoS in 2009. • Lead the team (‘Insight team’) responsible for the development and production of operational risk management information for executive management and risk committees, • Main point of contact for interaction with relevant Group-wide governing bodies, industry associations and external regulators on operational risk matters; coordinated the operational risk stress-testing exercise with the FSA, • Participation in model developments, including Solvency II work for the Insurance Division, • Chaired the Committee responsible for agreeing changes to the bank’s operational risk system (Open Pages), • Provide on-going review and challenge on the business implementation for all aspects of the operational risk framework, including the Scenario Analysis, Incident Management and Risk & Control Assessment (RCSA) processes, • On-going management of stakeholders (Executive Management, Divisional and Business Unit Risk teams, Compliance, Audit and Finance functions). From August 2010 to October 2011 (1 year 3 months) London, United KingdomSenior Operational Risk Manager, Group Risk @ • Promoted to the position of Head of Operational Risk Framework and Insight within 6 months. • Provided technical expertise to help design, develop and implement a highly effective operational risk framework for the enlarged group to an AMA standard, • Launched the bank’s integrated operational risk system (Open Pages), • Developed and led the cascade training to staff across the bank on the newly integrated operational risk framework and system, • Developed Group level policies and guidance for the RCSA, Incident Management and Scenario Analysis processes, • Facilitated the 2010 Scenario Analysis exercise for the bank and provided technical support for the AMA model development work. From February 2010 to July 2010 (6 months) London, United KingdomOperational Risk Manager @ • Acting as dedicated Risk Partner within Group Operational Risk to the Business Units and Central Functions to assist them in the development and embedding of their operational risk frameworks, • Leading a group strategic initiative to enhance the bank’s risk and control self-assessment (RCSA) programme including the development of common process, risk and control categorisations, • Undertaking group conformance reviews within the retail, commercial and investment banking divisions to monitor implementation of all the components of the Operational Risk Framework, • Contributing to the definition of operational risk appetite to ensure that appropriate risk management decisions are made by the risk owners, • Contributing to the improved alignment between SOX and operational risk methodologies with the introduction of a harmonised risk and control assessment process, • Leading the development of more qualitative reports, identifying big risk and control themes, and turning data into actionable information for management at all levels and risk and control committees, • Reviewing the key risk scenarios developed by the business units which are used as primary input to the bank’s own internal capital model, • Communicating, coordinating and interpreting the Group Operational Risk objectives and all the operational risk components of the Advanced Measurement Approach (AMA) to maintain alignment within the Business Units, • Promoting the awareness of operational risk at all levels of management, including enhancements to the operational risk training material and participation to group and business unit level workshops. From March 2007 to January 2010 (2 years 11 months) London, United KingdomSupervisor, Corporate Recovery @ Joined Ford Motor Credit Company (FCE Bank plc) on the graduate scheme in 1999. FCE is a wholly owned subsidiary of Ford Motor Company Europe Company and is the UK's largest Motor Finance Company specialised in providing finance to retail customers and car dealers. • Various positions held across a number of areas within the bank at group and business unit levels, including customer services and administration, collections, credit analysis, corporate recovery and marketing. Position shown is the last position at FCE Bank. • Managed the bank's business recovery department and developed business turnaround strategies and insolvency exits for high risk car dealers within the UK market, • Basel II Project Manager – designed and led the successful implementation of the bank’s current operational risk framework, • Six-Sigma Green Belt awarded following the completion of two process improvement initiatives aimed at minimising the bank's losses, • Extensive Project and Change Management experience having led several initiatives including Basel II, New Product Approval, creditor and motor insurance. From 2005 to 2007 (2 years) Brentwood, UKMasters, Business, Finance, Accounting, Corporate Law @ ESC Compiègne From 1991 to 1994 Classe Preparatoire HEC, Amiens From 1989 to 1991 Science @ Baccalaureat S (science), Lycée du Sacré-Coeur, Amiens From 1986 to 1989 Guillaume Rimbaut is skilled in: Financial Services, Operational Risk, Financial Risk, Market Risk, Operational Risk..., Governance, Solvency II, Risk Assessment, Enterprise Risk..., Risk Management, Banking, Internal Audit, Basel II, Stress Testing, Business Process..., Change Management
What company does Guillaume Rimbaut work for?
Guillaume Rimbaut works for Legal & General
What is Guillaume Rimbaut's role at Legal & General?
Guillaume Rimbaut is Head of Operational Risk, Cofunds & Suffolk Life
What industry does Guillaume Rimbaut work in?
Guillaume Rimbaut works in the Financial Services industry.
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