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- Tasks: Lead operational risk management and enhance financial performance in a dynamic wealth management environment.
- Company: Join a rapidly growing wealth management firm backed by private equity investment.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Shape the future of risk management while driving strategic growth and compliance.
- Qualifications: Proven experience in risk management within finance services, ideally in Banking or Wealth Management.
- Other info: This is a newly created role, offering a unique chance to influence company strategy.
The predicted salary is between 54000 - 84000 £ 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.
As Head of Operational Risk, you will be pivotal to the future, collaborating closely with the Group CRO to support the advice business and group oversight, including the investment management business. 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.
- 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 of 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, coordinating 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.
Proven experience in a risk management role within the finance services industry ideally Banking, PLCs or Wealth Management.
Industry knowledge & product/regulatory development awareness.
Executive & Board level presentation and representation experience.
Risk Manager - Private Bank employer: Altus Partners
Contact Detail:
Altus Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Private Bank
✨Tip Number 1
Network with professionals in the wealth management and banking sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or mentors who can provide insights into the role and company culture.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes and compliance requirements in the finance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed operational risks in previous roles. Highlight your strategic insights and financial expertise, as these are crucial for the Head of Operational Risk position.
✨Tip Number 4
Research the company’s recent transactions and strategic goals. Understanding their current landscape will allow you to tailor your discussions and show how your skills align with their future objectives.
We think you need these skills to ace Risk Manager - Private Bank
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 any roles where you've collaborated with executive teams or managed compliance and regulatory relationships.
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 responsibilities of the Head of Operational Risk position, and provide specific examples of past achievements.
Highlight Relevant Skills: Clearly outline your skills related to risk reporting, compliance oversight, and regulatory relationships. Use bullet points to make these stand out, ensuring they match the key requirements mentioned in the job description.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in risk management.
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 responsibilities and expectations of the Head of Operational Risk position. Familiarise yourself with the company's risk management framework and recent developments in the wealth management sector.
✨Showcase Your Strategic Insight
Prepare to discuss your previous experiences where you've successfully driven financial performance and compliance. Highlight specific examples that demonstrate your ability to identify growth opportunities and enhance efficiency within a risk management context.
✨Engage with Regulatory Knowledge
Be ready to talk about your understanding of regulatory requirements and how they impact the finance services industry. Discuss any experience you have in managing compliance oversight and your approach to handling non-compliance issues.
✨Demonstrate Strong Communication Skills
As this role involves collaboration with various stakeholders, practice articulating your thoughts clearly and confidently. Prepare to present complex information in a way that is accessible to both technical and non-technical audiences, especially at the Executive and Board levels.
