Rae Johnstone Email & Phone Number

London, United Kingdom

Driving various implementation work streams for a Group Governance, Risk and Compliance system; including risk and internal control assessment, action management and the delivery of all supporting reporting.

London, United Kingdom

Charged with updating the Operational Risk Reporting Framework and delivering focussed, insightful and actionable reporting to the Operational Risk Management Forum and onward to Executive and Board Committees.

City Of London

Contractor providing services to RBS (Group Operational Risk) in the role of Interim Risk Assessment ManagerAs part of an enhancement to the RBS Operational Risk framework I led a project to identify and propose the implementation of a set of groupwide Key Risk indicators (KRIs) to provide a high level overview of the operational risk exposures of the.

Croydon, United Kingdom

• Providied interim risk management solutions to Alico UK (part of MetLife) in Croydon. MetLIfe acquired ALICO (American Life Insurance Company) from AIG (American International Group) in late 2010 and were in the.
• Review and update of Operational, Group, Insurance, Liquidity, Market and Credit Risk policies (plus supporting documentation) to bring them into line with the new ownership of Alico UK and the revised business strategy.
• Review and update all aspects of Operational Risk, Firmwide and Reverse Stress Test Scenarios in light of the revised business strategy and objectives.
• Review and update (in conjunction with business SMEs) functional Risk & Control Assessments to reflect the new business environment/objectives, and ensuring that these were correctly documented in the corporate risk.
• Development of additional risk management information against new contractual obligations and outsourcer service level agreements for inclusion into risk and executive committee packs.
• Development of Alico UK Closure risk reporting.

• Developing OpR policies and framework, including defining the methodology, approach, tools, techniques and underlying processes enabling the business lines to manage their OpR profile.
• Oversight and challenge to the business lines on the effective implementation of the OpR framework in line with OpR policy.
• Continuous review of the adequacy and effectiveness of the framework and make improvement to ensure NR meets minimum regulatory requirements. Key activities include:
• designed and implementated the Risk & Control Self Assessment (RSCA) process across all business areas during an 18 month project to satisfy FSA requirements; including development of the RCSA Policy and supporting.
• Continuous development of the OpR reporting framework to executive and Board committees to ensure appropriate corporate governance was achieved.
• Delivery of regular monthly reporting packs to executive and Board committees.

• Group Risk had an overarching risk oversight of all group business activities, and more specifically responsibility for the development of operational risk management in relation to Basel II. Joined the department at.
• OpR Loss/Incident Reporting Policy creation including reporting and escalation processes.
• Delivery of various risk awareness training sessions to the company’s senior management.
• Development and implementation of a suite of executive level reports for incorporation into regular papers to ALCO, EXCO and Risk Committee including complaint causal factor analysis, variance from business line OpR.
• Provision of independent risk assessments of projects, products, contracts and business activities.
• Provision of strategic/ business risk reviews of operational plans and external threats e.g. the Budget, flu pandemic, FSA’s Financial Risk Outlook.

• Managed through to implementation a variety of credit systems projects as part of the corporate Systems Renewal Programme:
• Within the new residential lending project, was responsible for the definition and provision of management information through a Decision Support project and was specifically responsible for:- Auditing the existing.

• Created and managed a centralised management information team which provided integrated MI solutions from all credit systems data sources using BusinessObjects and other data extraction and reporting tools. Responsible.
• This unit played a key role in the provision of information to assess lending policy risk and manage arrears/possessions/provisions through the housing recession of the 90’s. It was perceived as a centre of excellence.

• Managed a small team covering all aspects of front end systems analysis for numerous projects: requirements gathering, feasibility studies, research projects, cost benefit analysis, business case justification.

• Programming in ‘C’ and systems analysis on various pension fund administration and actuarial calculating systems.

Ba (Hons), Accounting & Financial Management & Computer Science

Mb Chb, Medicine