At a Glance
- Tasks: Lead the company's risk management framework and ensure compliance with regulations.
- Company: Join a leading investment management firm regulated by the FCA.
- Benefits: Enjoy a prestigious Board-level position with significant influence.
- Why this job: Shape strategic decisions and drive excellence in financial services.
- Qualifications: 10+ years in senior risk management roles, with strong leadership skills.
- Other info: Must be approved by the FCA before starting.
The predicted salary is between 72000 - 108000 £ per year.
Risk Director
Cameron Kennedy London, United Kingdom Apply now Posted 2 months ago Permanent Undisclosed
As Risk Director, you will be responsible for overseeing and managing the company’s risk management framework. This crucial role involves identifying, assessing, monitoring, and mitigating risks that could affect the company’s ability to achieve its objectives. You will ensure the company operates within its risk appetite and complies with regulatory requirements. You will have a seat on the Board as an Executive Director.
Company Overview : Our client, a prominent investment management company authorized and regulated by the FCA, is seeking an experienced Risk Director to join their executive team at Board level. Candidates should have significant experience of previously working at Board level or capable of doing so in a senior Risk management role. Experience within either broking, investment, asset or wealth management is highly desirable.
Role Summary : As Risk Director, you will be responsible for overseeing and managing the company’s risk management framework. This crucial role involves identifying, assessing, monitoring, and mitigating risks that could affect the company’s ability to achieve its objectives. You will ensure the company operates within its risk appetite and complies with regulatory requirements. You will have a seat on the Board as an Executive Director with a reporting line from the Head of Compliance and the Compliance Department. The role is categorized as an SMF 3 and must be approved by the FCA prior to starting a new position. Key Responsibilities include:
- Develop and implement a comprehensive risk management framework aligned with the company’s strategic objectives.
- Review and challenge the Risk Appetite and Risk Policies, making recommendations to the Board.
- Establish appropriate risk limits consistent with the firm’s Risk Appetite, liaising with the business.
- Build and maintain an effective second line of defence risk function enabling independent challenge across the business.
- Conduct regular risk assessments and stressed scenario analyses relevant to the business measuring severity of impact e.g. operational, settlement, wind down, compliance and reputation risks.
- Establish processes and systems to monitor risks and report to senior management and the board.
- Stay updated on regulatory changes and ensure compliance with industry standards.
- Own and maintain the firm’s ICARA (Internal Capital Adequacy and Risk Assessment) ensuring heads of departments are instructed and directed to provide timely inputs into the ICARA.
- Provide risk management training to senior management and ensure it is disseminated to all staff levels across the business.
- Advise on risk considerations in strategic planning and decision-making processes to ensure the business is aware of any potential impact.
- Build and maintain strong stakeholder relationships with internal and external stakeholders, e.g. clients, regulators, external consultants.
Qualifications and Experience Required
If you are a seasoned risk management professional with a passion for driving excellence in financial services, we encourage you to apply for this challenging and rewarding opportunity. To be considered you must meet the following crucial criteria:
- Prior experience in SMF/approved person roles.
- Proven track record of success in senior executive-level risk management and compliance roles within financial services as applied to an investment firm. Fully aware of best practice standards and frameworks that guide and benchmark the company’s risk management processes and outcomes.
- Extensive experience in implementing key risk management practices.
- In-depth knowledge of risk management principles and the regulatory environment in financial services.
- Excellent analytical and problem-solving skills and able to adapt a calm, logical approach to issues critically examining and evaluating information sources.
- Strong communication and leadership abilities including effectiveness under pressure, inspiring others and offering leadership in an effective and motivating way.
- Strategic thinking capabilities to align risk management with company goals and put a larger perspective to strategic advantage, taking into account wider industry, global trends or future developments.
- Proficiency in risk management software and tools.
- At least 10 years of senior-level experience in people management.
- Thorough understanding of FCA and regulatory requirements for investment firms.
- Sound commercial acumen and financial management knowledge.
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Risk Director | London, UK employer: Cameron Kennedy
Contact Detail:
Cameron Kennedy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Director | London, UK
✨Tip Number 1
Make sure to network with professionals in the investment management sector. Attend industry conferences, seminars, and workshops where you can meet potential colleagues or mentors who can provide insights into the role of a Risk Director.
✨Tip Number 2
Stay updated on the latest regulatory changes and best practices in risk management. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach to compliance.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to manage risks effectively. Highlight situations where you successfully identified, assessed, and mitigated risks, especially in a senior executive capacity.
✨Tip Number 4
Familiarize yourself with the company's risk management framework and strategic objectives. Understanding their current challenges and how you can contribute to their goals will set you apart as a candidate who is genuinely interested in the position.
We think you need these skills to ace Risk Director | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in risk management, particularly at the executive level. Emphasize your familiarity with regulatory requirements and your ability to develop risk management frameworks.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your passion for risk management and how your background aligns with the company's objectives. Mention specific experiences that demonstrate your strategic thinking and leadership abilities.
Highlight Relevant Experience: When detailing your work history, focus on roles that involved compliance and risk management within financial services. Use metrics and examples to showcase your success in previous positions.
Showcase Communication Skills: Given the importance of stakeholder relationships in this role, provide examples of how you've effectively communicated complex risk concepts to various audiences, including senior management and external stakeholders.
How to prepare for a job interview at Cameron Kennedy
✨Showcase Your Board-Level Experience
Make sure to highlight your previous experience at the Board level or in senior risk management roles. Discuss specific examples where you influenced strategic decisions and how your insights shaped risk policies.
✨Demonstrate Regulatory Knowledge
Be prepared to discuss your understanding of FCA regulations and how they impact risk management in investment firms. Show that you stay updated on regulatory changes and can implement compliance effectively.
✨Emphasize Analytical Skills
Prepare to provide examples of how you've conducted risk assessments and scenario analyses in the past. Highlight your analytical approach to identifying and mitigating risks, and how this has benefited your previous employers.
✨Communicate Leadership Abilities
Discuss your leadership style and how you inspire and motivate teams, especially under pressure. Share experiences where you provided training or guidance on risk management to senior management and staff.