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For Companies At a Glance
- Tasks: Lead risk management and compliance efforts, ensuring regulatory adherence and effective risk mitigation.
- Company: Join a leading bank focused on financial services and risk management excellence.
- Benefits: Competitive pay based on skills, with opportunities for professional growth and development.
- Why this job: Make a real impact in financial security while developing your leadership skills in a dynamic environment.
- Qualifications: Experience in Risk Management and strong knowledge of UK regulations required; degree in relevant field preferred.
- Other info: This is a full-time, mid-senior level position with a focus on team leadership and collaboration.
The predicted salary is between 43200 - 72000 £ per year.
This range is provided by Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
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.
Minimum Qualifications:
- 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.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance
Industries
Banking and Financial Services
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Head of Risk and Compliance employer: Bank
Contact Detail:
Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk and Compliance
✨Tip Number 1
Make sure to showcase your leadership skills during the interview. As a Head of Risk and Compliance, you'll need to demonstrate how you've successfully led teams in the past and how you can foster a strong risk culture within the bank.
✨Tip Number 2
Familiarize yourself with the latest UK regulations related to risk management and financial crime prevention. Being well-versed in these areas will not only help you in discussions but also show your commitment to staying updated in this ever-evolving field.
✨Tip Number 3
Prepare examples of how you've managed operational risks in previous roles. Be ready to discuss specific incidents you've analyzed and how your interventions led to improved risk management practices.
✨Tip Number 4
Network with professionals in the banking and financial services industry. Engaging with others in the field can provide valuable insights and may even lead to referrals that could strengthen your application.
We think you need these skills to ace Head of Risk and Compliance
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities and qualifications required for the Head of Risk and Compliance position. Tailor your application to highlight your relevant experience in risk management and compliance within financial services.
Highlight Relevant Experience: In your CV and cover letter, emphasize your proven experience in risk management, particularly in relation to UK regulations and financial crime prevention. Use specific examples to demonstrate your leadership and analytical skills.
Showcase Your Skills: Make sure to showcase your strong communication and interpersonal skills in your application. Discuss how you have successfully led teams and collaborated with other departments to mitigate risks in previous roles.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the key responsibilities outlined in the job description. Explain how your background aligns with the bank's needs and express your enthusiasm for contributing to their risk culture.
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 have developed and how they align with UK regulations.
✨Demonstrate Leadership Skills
As a Head of Risk and Compliance, strong leadership is crucial. 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 regulatory frameworks and compliance requirements. Familiarize yourself with the Senior Managers Regime and be ready to discuss how you ensure adherence to these regulations.
✨Highlight Analytical and Decision-Making Abilities
Critical thinking is key in this role. Prepare to provide examples of complex problems you've solved, particularly in assessing portfolio risks or managing operational incidents.
