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For Companies At a Glance
- Tasks: Lead risk management strategies and ensure compliance with regulations in a dynamic banking environment.
- Company: Join a leading financial institution committed to innovation and excellence in risk management.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Make a real impact by shaping risk policies and fostering a strong risk culture within the bank.
- Qualifications: Proven experience in risk management and a relevant degree or diploma required.
- Other info: Opportunity to lead a dedicated team and engage with key stakeholders across the organisation.
The predicted salary is between 43200 - 72000 £ per year.
Key Responsibilities:
- Develop and maintain comprehensive risk management framework, policies, and risk appetite statement.
- Oversee and challenge credit, market, operational, liquidity risks, and ensure compliance with risk appetite.
- Review credit proposals and assess portfolio risk, recommending exposure limits.
- Manage operational risk, including incident analysis, risk registers, and control self-assessment.
- Ensure regulatory compliance, report changes, and manage climate-related financial risks.
- Lead the development of compliance policies, anti-money laundering (AML), KYC, sanctions, and fraud procedures.
- Handle financial crime reporting, monitoring, and fraud oversight.
- Implement and manage risk culture within the bank, provide training, and collaborate with other departments for risk mitigation.
- Oversee compliance with the Senior Managers Regime (FCA, PRA) and ensure adherence to UK regulations.
- Lead and manage the risk and compliance team, ensuring effective reporting, performance reviews, and training development.
Skills & Competencies:
- Proven experience in Risk Management in Financial Services.
- In-depth knowledge of UK risk management regulations and financial crime prevention.
- Strong leadership, communication, and interpersonal skills.
- Critical thinker with analytical and decision-making abilities.
- Degree/Diploma and relevant qualifications in Risk Management.
- Strong understanding of UK regulatory frameworks and experience managing key stakeholders.
Head of Risk employer: Bank
Contact Detail:
Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk
✨Tip Number 1
Network with professionals in the financial services sector, especially those who have experience in risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the latest UK regulations related to risk management and financial crime prevention. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risks in previous roles. Highlight your leadership skills and how you've fostered a risk-aware culture within teams, as this is crucial for the Head of Risk position.
✨Tip Number 4
Research StudySmarter's approach to risk management and compliance. Understanding our values and how we operate will help you tailor your discussions and show that you're genuinely interested in contributing to our team.
We think you need these skills to ace Head of Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in risk management, particularly within financial services. Emphasise your knowledge of UK regulations and any relevant qualifications you possess.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the key responsibilities listed in the job description. Use specific examples from your past experience to demonstrate your leadership and analytical abilities.
Showcase Relevant Achievements: When detailing your work history, focus on achievements that relate to risk management and compliance. Quantify your successes where possible, such as improvements in risk assessment processes or successful implementation of compliance policies.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in risk management roles.
How to prepare for a job interview at Bank
✨Showcase Your Risk Management Expertise
Be prepared to discuss your previous experience in risk management, particularly within financial services. Highlight specific frameworks or policies you've developed and how they align with UK regulations.
✨Demonstrate Leadership Skills
As a Head of Risk, you'll need strong leadership abilities. Share examples of how you've led teams, managed performance reviews, and fostered a risk-aware culture in your previous roles.
✨Prepare for Regulatory Questions
Expect questions about UK risk management regulations and compliance. Brush up on the latest FCA and PRA guidelines, and be ready to discuss how you've ensured adherence in past positions.
✨Exhibit Analytical Thinking
Critical thinking is key in this role. Prepare to discuss how you've approached complex risk assessments and decision-making processes, using real-life scenarios to illustrate your analytical skills.
