Risk Manager

Risk Manager

Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage risk policies, ensure compliance, and oversee the ERM framework.
  • Company: Join a leading firm focused on effective risk management and compliance.
  • Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work culture.
  • Why this job: Be part of a dynamic team making impactful decisions in risk management.
  • Qualifications: Experience in risk management and understanding of UK regulations required.
  • Other info: This is a full-time role at a mid-senior level, perfect for ambitious professionals.

The predicted salary is between 48000 - 72000 £ per year.

This role you will be responsible for maintaining the ERM framework, overseeing risk policies, and ensuring compliance with FCA/PRA regulations.

Key Responsibilities:

  • Ensure the ERM framework is well-designed, documented, and effectively operated.
  • Act as the second-line expert for the Risk System, managing its use and MI.
  • Align risk policies and frameworks with group standards, ensuring updates and accessibility.
  • Oversee Risk Incident reporting, including action tracking and root cause analysis.
  • Prepare Risk Incident and RCSA MI for governance committees.
  • Conduct quality assurance on the RCSA cycle and assess improvement plans.
  • Provide second-line review and challenge on key projects and strategic initiatives.
  • Oversee first-line risk management of third-party suppliers.
  • Conduct operational risk assessments and deep dives on non-financial risks.
  • Support senior management in maintaining an effective ERM and Risk Appetite Framework, including emerging risks.
  • Prepare Risk MI to monitor the company's risk profile, ensuring data accuracy.
  • Identify and address risk-related training needs across the business.
  • Ensure compliance with FCA/PRA conduct and Consumer Duty rules.

Key Skills:

  • Enterprise & Operational risk management
  • Stakeholder Management
  • Understanding of UK Regulations
  • Experience in 1st & 2nd Line of Defence

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Other

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Contact Detail:

Sanderson Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Risk Manager

✨Tip Number 1

Familiarise yourself with the latest FCA/PRA regulations and guidelines. This will not only help you understand the compliance aspect of the role but also demonstrate your commitment to staying updated in the field.

✨Tip Number 2

Network with professionals in risk management, especially those who have experience in the second line of defence. Engaging in conversations can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Prepare to discuss specific examples of how you've managed risks or improved frameworks in previous roles. Being able to articulate your hands-on experience will set you apart during interviews.

✨Tip Number 4

Stay informed about emerging risks in the industry by following relevant news and publications. This knowledge will help you contribute meaningfully to discussions about the company's risk profile and appetite.

We think you need these skills to ace Risk Manager

Enterprise Risk Management
Operational Risk Management
Stakeholder Management
Understanding of UK Regulations
Risk Assessment
Compliance Knowledge (FCA/PRA)
Risk Incident Reporting
Root Cause Analysis
Data Accuracy and Management Information (MI)
Quality Assurance
Project Management
Training Needs Analysis
Second-Line Review and Challenge
Third-Party Risk Management
Communication Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Risk Manager. Familiarise yourself with the ERM framework, FCA/PRA regulations, and the key skills required for the position.

Tailor Your CV: Customise your CV to highlight relevant experience in enterprise and operational risk management. Emphasise your understanding of UK regulations and any previous roles in the 1st and 2nd Line of Defence.

Craft a Compelling Cover Letter: Write a cover letter that showcases your expertise in risk management and your ability to oversee risk policies. Mention specific examples of how you've successfully managed risks or improved frameworks in past roles.

Highlight Stakeholder Management Skills: In your application, be sure to illustrate your stakeholder management skills. Provide examples of how you've effectively communicated and collaborated with various teams to align risk policies and frameworks.

How to prepare for a job interview at Sanderson

✨Understand the ERM Framework

Make sure you have a solid grasp of Enterprise Risk Management (ERM) frameworks. Be prepared to discuss how you would design, document, and operate an effective ERM framework in your previous roles.

✨Familiarise Yourself with FCA/PRA Regulations

Since compliance is key in this role, brush up on the latest FCA and PRA regulations. Be ready to explain how you've ensured compliance in past positions and how you would approach it in this new role.

✨Showcase Your Stakeholder Management Skills

This position requires strong stakeholder management abilities. Prepare examples of how you've successfully engaged with various stakeholders to align risk policies and frameworks in your previous jobs.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your ability to conduct operational risk assessments and manage third-party suppliers. Think of specific instances where you've identified risks and implemented improvement plans.

Risk Manager
Sanderson
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