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- Tasks: Manage risk assessments and control activities in a dynamic banking environment.
- Company: Join a leading consultancy team focused on Governance, Risk, and Controls across various sectors.
- Benefits: Enjoy a collaborative culture with opportunities for professional growth and development.
- Why this job: Make a real impact by enhancing risk awareness and customer care in banking.
- Qualifications: Strong knowledge of risk management and experience in operational risk analysis required.
- Other info: This is a newly created role, perfect for those looking to shape risk management practices.
The predicted salary is between 43200 - 72000 £ per year.
As a Risk Specialist, you will be responsible for risk management and control activities across assigned departments.
Role Responsibilities
- Complete risk assessments, conduct control testing, and ensure effective risk governance within the bank.
- Take ownership for running RCSAs and ensure that risks are reported in line with the Risk Management framework.
- Analyse potential Operational Risk events and embed processes to protect the business in case of such events.
- Embed awareness and appropriate processes for dealing with vulnerable customers.
- Act as a central point of contact for risk matters, working across departments and with oversight teams to maintain and improve risk controls and reporting.
- Strengthen the overall risk framework and support a culture that prioritises risk awareness and customer care.
Role Requirements
- Strong knowledge of risk management principles and frameworks.
- Experience in analysing operational risks and supporting root cause analysis.
- Proven ability to conduct control tests, process reviews, and assurance activities.
- Commercial awareness with a strong customer focus.
- Skills to develop and deliver risk management training and communications.
- Exposure to broad aspects of risk management across business lines.
- Strong stakeholder management and communication skills.
If you feel you have the relevant experience for this newly created opportunity then please apply to this advert and send your CV to Anna Dunne at twentyAI.
Risk and Controls Specialist - Private Banking - London TWE41752 employer: BMO Harris Bank
Contact Detail:
BMO Harris Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Controls Specialist - Private Banking - London TWE41752
✨Tip Number 1
Familiarise yourself with the specific risk management frameworks used in private banking. Understanding these frameworks will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in risk management within the banking sector. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Stay updated on current trends and regulations affecting operational risk in banking. Being knowledgeable about recent developments will show your proactive approach and genuine interest in the field.
✨Tip Number 4
Prepare to discuss real-life scenarios where you've successfully managed risks or improved controls. Having concrete examples ready will help you stand out as a candidate who can apply theoretical knowledge in practical situations.
We think you need these skills to ace Risk and Controls Specialist - Private Banking - London TWE41752
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Risk and Controls Specialist position. Make sure you understand the responsibilities and requirements, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in risk management, operational risk analysis, and control testing. Use specific examples to demonstrate your skills and how they align with the role's requirements.
Showcase Communication Skills: Given the importance of stakeholder management in this role, highlight your communication skills. Provide examples of how you've successfully communicated risk matters across departments or with oversight teams.
Tailor Your Application: Customise your CV and cover letter to reflect the key skills and experiences mentioned in the job description. Use keywords from the listing to ensure your application stands out to recruiters.
How to prepare for a job interview at BMO Harris Bank
✨Understand Risk Management Principles
Make sure you have a solid grasp of risk management principles and frameworks. Be prepared to discuss how these concepts apply to the role and provide examples from your past experience.
✨Showcase Your Analytical Skills
Be ready to demonstrate your ability to analyse operational risks and conduct root cause analysis. Prepare specific examples where you've successfully identified risks and implemented solutions.
✨Highlight Stakeholder Management Experience
Since this role involves working across departments, emphasise your stakeholder management skills. Share instances where you've effectively communicated with various teams to enhance risk controls.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in risk situations. Think about potential operational risk events and how you would handle them, especially regarding vulnerable customers.
