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- Tasks: Support risk management in a dynamic wealth management environment.
- Company: Join a leading financial services firm focused on private banking and wealth management.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Make an impact by enhancing risk frameworks and ensuring compliance while working with diverse teams.
- Qualifications: Experience in financial services with a focus on risk or compliance is essential.
- Other info: Ideal for those passionate about risk management and eager to learn in a fast-paced setting.
The predicted salary is between 52000 - 78000 £ per year.
This is a first line of defence role within a regulated financial services organisation, focused on supporting the Private Banking & Wealth Management business of a market leading platform firm. The position is responsible for helping the business meet its strategic objectives while ensuring effective governance and compliance with regulatory obligations. The role involves close collaboration with teams such as Risk, Compliance, Operational Resilience, Financial Crime, and Legal.
The successful candidate will support UK-based business risk activities (including strategic, financial, and operational risks), contribute to regulatory change initiatives, and participate in client- and project-related agendas.
Key Responsibilities- Embed and enhance risk and compliance frameworks across business units, with a focus on data protection, financial crime, and other key areas.
- Lead and participate in first line monitoring reviews, coordinating resulting actions and maintaining appropriate records.
- Support the operation of the firm’s overarching Risk Management Framework by fostering an effective control environment, including control testing and input into capital adequacy assessments.
- Work with senior stakeholders to align business strategy with risk appetite.
- Ensure timely escalation, reporting, and resolution of risk incidents in line with internal policies.
- Prepare and manage the Risk and Control Self-Assessment (RCSA) process, reflecting ongoing risk assessments and business changes.
- Track and report on mitigation plans for identified control gaps, risk events, breaches, and client complaints.
- Manage documentation of risk acceptances, track key risk indicators (KRIs), and monitor for emerging risks.
- Contribute to or lead regulatory change initiatives, and help respond to information requests from regulators where necessary.
- Support prospect and client meetings, including input on RFPs and due diligence requests.
- Promote awareness and understanding of risk and regulatory frameworks across the business through training and coaching.
- Oversee delivery of Consumer Duty obligations, including preparing board reports and leading working group meetings.
- Encourage a resilient culture by supporting operational resilience awareness and initiatives.
- Maintain a strong understanding of risk policies, ensure timely incident reporting, and complete all relevant training requirements.
- Experience in financial services in a risk or compliance role, with working knowledge of RCSA processes.
- Strong interest in risk management and first line of defence responsibilities.
- Ability to develop deep knowledge of products, services, and regulatory requirements.
- Strong communication skills, particularly in data presentation, incident reporting, and senior stakeholder engagement.
- Excellent written communication skills for drafting policies and procedures.
- Proficiency in Excel and data analysis; strong general IT skills and adaptability to new systems.
- Project management experience and the ability to coordinate across multiple teams.
- Strong problem-solving abilities and creative thinking.
- Effective and credible communicator with internal and external stakeholders.
- Collaborative and team-oriented mindset.
- Energetic, adaptable, and process-improvement focused.
- Excellent time and project management skills.
First Line Risk Manager - Wealth Management employer: Broadgate
Contact Detail:
Broadgate Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land First Line Risk Manager - Wealth Management
✨Tip Number 1
Familiarise yourself with the specific regulatory frameworks relevant to wealth management. Understanding the nuances of compliance and risk management in this sector will help you engage more effectively during interviews.
✨Tip Number 2
Network with professionals already working in risk management roles within financial services. Attend industry events or webinars to gain insights and potentially make connections that could lead to referrals.
✨Tip Number 3
Prepare to discuss real-world scenarios where you've successfully identified and mitigated risks. Having concrete examples ready will demonstrate your practical experience and problem-solving skills.
✨Tip Number 4
Stay updated on current trends and challenges in the wealth management sector, especially regarding financial crime and data protection. This knowledge will show your commitment to the role and help you stand out as a candidate.
We think you need these skills to ace First Line Risk Manager - Wealth Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and compliance. Use specific examples that demonstrate your understanding of RCSA processes and your ability to work with senior stakeholders.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the job responsibilities, particularly your experience in financial services and your strong communication skills.
Showcase Relevant Skills: Emphasise your proficiency in Excel and data analysis, as well as your project management experience. Provide examples of how you've successfully coordinated across teams or led initiatives in previous roles.
Prepare for Potential Questions: Anticipate questions related to risk management frameworks and compliance. Be ready to discuss your problem-solving abilities and how you would promote a resilient culture within the organisation.
How to prepare for a job interview at Broadgate
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a First Line Risk Manager does. Familiarise yourself with the key responsibilities outlined in the job description, such as risk assessment and compliance frameworks. This will help you articulate how your experience aligns with their needs.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific situations you've encountered in previous roles, particularly related to risk management and compliance. Prepare examples that showcase your problem-solving skills and your ability to handle risk incidents effectively.
✨Showcase Your Communication Skills
As this role involves significant interaction with senior stakeholders, be ready to demonstrate your communication abilities. Practice explaining complex risk concepts in simple terms, and prepare to discuss how you've successfully engaged with various teams in the past.
✨Highlight Your Technical Proficiency
Since the role requires proficiency in Excel and data analysis, be prepared to discuss your technical skills. You might be asked to provide examples of how you've used data to inform risk decisions or improve processes in your previous positions.
