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- Tasks: Lead operational risk management and drive financial strategy in a dynamic wealth management firm.
- Company: Join an innovative wealth management business backed by private equity, focused on growth and transformation.
- Benefits: Enjoy opportunities for career progression, including potential succession to CRO within 3-5 years.
- Why this job: Be at the forefront of shaping risk management while collaborating with top executives and influencing company success.
- Qualifications: 5-10 years in risk management within finance, strong FCA experience, and excellent leadership skills required.
- Other info: This is a newly created role, offering a chance to make a significant impact from day one.
The predicted salary is between 72000 - 108000 £ per year.
Altus Partners is delighted to be partnered with an acquisitive wealth management business in the search for a Head of Operational Risk in a newly created opportunity since private equity investment. This will play a pivotal role in shaping the risk management landscape over the next 12 months and drive finance strategy as the business gets ready for the next transaction. The opportunity will be fast moving and highly acquisitive with a view for succession to become CRO in 3 – 5 years.
As Head of Operational Risk, you'll be pivotal to the future, collaborating closely with the Group CRO to support the advice business and group oversight, including the investment management business. This will also be a key point of contact for the board and executives. Your strategic insight and financial expertise will be instrumental in driving the company's financial performance, ensuring compliance, and identifying opportunities for growth and efficiency.
THE ROLE:
- Developing and enhancing risk reporting and MI and delivering insights to the CRO, Executive and Board Committees
- Ownership of the development and maintenance of the Risk Management system across the group, including the Risk Management Framework, policies and key risk register
- Maintaining and regularly updating the Key Risk Register
- Evaluate opportunities to improve the coordination risk management through systems and process enhancements.
- Engaging and reviewing transformation project plans and progress
- Providing oversight of, and appropriate challenge and assurance on, key operational risks faced
- Regulatory relationships and Compliance oversight, including ensuring any potential or actual areas of non-compliance are escalated as appropriate, regulatory horizon scanning, co-ordinating responses to regulatory requests and preparing the Group for new and expected regulation.
- Quickly grasp the political landscape across Advice & Investment businesses and the key people in both parts of the organisation to become a key point of contact
- Be the authority on non-advice related compliance requirements
THE REQUIREMENTS:
- Proven experience in a risk management role within the finance services industry ideally Banking, PLC’s or Wealth Management.
- Industry knowledge & product/regulatory development awareness.
- Strong experience in an FCA regulated environment.
- 5 – 10 years’ experience in a similar role.
- Experience with a second line structure to support next phase of growth.
- Executive & Board level presentation and representation experience.
- Excellent leadership, communication, and strategic thinking skills.
Contact Detail:
Altus Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Operational Risk - Wealth Management
✨Tip Number 1
Network with professionals in the wealth management and finance sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or mentors who can provide insights into the operational risk landscape.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes and compliance requirements in the financial services industry. This knowledge will not only enhance your understanding but also demonstrate your commitment to staying updated in a fast-evolving field.
✨Tip Number 3
Prepare to discuss your strategic thinking and leadership experiences in detail. Be ready to share specific examples of how you've successfully managed risks and driven financial performance in previous roles.
✨Tip Number 4
Research the company’s recent acquisitions and growth strategies. Understanding their business model and future plans will allow you to tailor your discussions and show how your expertise aligns with their goals.
We think you need these skills to ace Head of Operational Risk - Wealth Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within the finance services industry. Emphasise your leadership roles and any experience with FCA regulations.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your strategic insight and financial expertise align with the company's goals, especially in relation to the upcoming transactions.
Highlight Key Achievements: When detailing your experience, focus on specific achievements that demonstrate your ability to enhance risk reporting, manage compliance, and drive financial performance. Use quantifiable results where possible.
Prepare for Interviews: Anticipate questions related to your experience in risk management and your understanding of regulatory environments. Be ready to discuss how you would approach the challenges outlined in the job description.
How to prepare for a job interview at Altus Partners
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Head of Operational Risk role. Familiarise yourself with the key responsibilities, such as risk reporting, compliance oversight, and maintaining the Risk Management Framework. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Strategic Insight
Prepare to discuss specific examples where you've successfully driven financial performance or improved risk management processes in previous roles. Highlight your strategic thinking skills and how they can benefit the company as it prepares for future transactions.
✨Demonstrate Regulatory Knowledge
Given the importance of regulatory compliance in this role, be ready to discuss your experience in FCA regulated environments. Share insights on how you've navigated regulatory challenges and ensured compliance in past positions.
✨Engage with Key Stakeholders
Since this position involves collaboration with the Group CRO and board members, prepare to discuss your experience in engaging with executives. Highlight your communication skills and provide examples of how you've effectively presented to senior leadership in the past.
