At a Glance
- Tasks: Design and implement a sustainable risk assessment framework for international legal entities.
- Company: Join a global financial client focused on regulatory governance and risk management.
- Benefits: Enjoy a hybrid work model with flexibility and the chance to influence major financial policies.
- Why this job: Make a real impact in risk governance while collaborating with senior leaders and industry experts.
- Qualifications: Extensive experience in risk governance and deep knowledge of international regulatory requirements is essential.
- Other info: This is a contract role, requiring 3 days hybrid work and 1 day in Brighton.
The predicted salary is between 43200 - 72000 Β£ per year.
A global financial client is seeking a highly experienced Risk & Regulatory Governance Consultant to design and implement a sustainable risk assessment framework for its International Legal Entities, informed largely by FRB expectations for how large banks oversee their subsidiaries. This role will support regulatory expectations (FRB), by ensuring the applicability of policies, risk frameworks, committee governance standards and oversight is rightsized for the risk of the ILE.
The consultant will be responsible for designing a principled and sustainable framework for risk stratification of ILEs, including subsidiaries and joint ventures. They will develop and document risk tiering methodology and governance expectations by risk group, ensuring alignment with FRB requirements and international regulatory expectations. The consultant will recommend and socialize updated policy language and empower framework sustainability within the policy suite by drafting and deploying policy changes.
Additionally, the consultant will use informed industry insights to recommend and codify effective operating model(s) for 2nd Line teams within the ILEs, ensuring effective coverage of all risk stripes as required by International regulators, and documenting roles and responsibilities accordingly. They will need to perform a gap assessment between the current state and the desired operating model, with aligned gap closure recommendations.
To address the above, the consultant will be required to generate thoughtful and relevant recommendations informed by industry best practice, peer benchmarks and US and Intβl Regulatory expectations, and socialize these recommendations with senior leaders across the organisation to influence and generate alignment and advocacy. They will support the preparation of materials for regulator (FRB) socialization and Board/committee usage, and advise on embedding the framework in governance structures and IRM resourcing.
This is a contract based role and is 3 days hybrid, 1 day ideally in Brighton.
REQUIRED SKILLS AND EXPERIENCE- Extensive experience in Risk Governance, Regulatory Compliance, or Legal Governance
- Deep knowledge of International Regulatory Requirements applicable to global financial services firms (FRB, Basel, ECB, local regulators)
- Expertise in risk-based governance frameworks, policy frameworks, and operational risk management
- Prior experience advising on Legal Entity governance or risk stratification preferred
- Prior experience working with/for the Fed or preparing firms for FRB review highly desirable
Risk Consultant employer: Insight Global
Contact Detail:
Insight Global Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Risk Consultant
β¨Tip Number 1
Network with professionals in the financial services sector, especially those who have experience with regulatory compliance and risk governance. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and expectations.
β¨Tip Number 2
Familiarise yourself with the specific regulatory frameworks mentioned in the job description, such as FRB and Basel. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role and its requirements.
β¨Tip Number 3
Prepare to discuss your previous experiences in risk stratification and governance during interviews. Be ready to provide examples of how you've successfully implemented frameworks or policies that align with regulatory expectations.
β¨Tip Number 4
Research StudySmarter and our values, as well as our approach to risk management. Tailoring your conversation to reflect our mission and how your expertise aligns with it can make a strong impression during the interview process.
We think you need these skills to ace Risk Consultant
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights your extensive experience in Risk Governance and Regulatory Compliance. Use specific examples that demonstrate your knowledge of international regulatory requirements and risk-based governance frameworks.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the ideal candidate for the Risk Consultant role. Discuss your prior experience advising on Legal Entity governance and how it aligns with the responsibilities outlined in the job description.
Showcase Relevant Achievements: Include quantifiable achievements in your application that reflect your expertise in risk stratification and operational risk management. This could be successful projects or initiatives you've led that align with FRB expectations.
Demonstrate Industry Knowledge: In your application, reference your understanding of industry best practices and peer benchmarks. Highlight any experience you have working with the Fed or preparing firms for FRB review to strengthen your candidacy.
How to prepare for a job interview at Insight Global
β¨Understand Regulatory Frameworks
Make sure you have a solid grasp of the key regulatory frameworks relevant to the role, such as FRB, Basel, and ECB. Be prepared to discuss how these regulations impact risk governance and compliance in global financial services.
β¨Showcase Your Experience
Highlight your extensive experience in Risk Governance and Regulatory Compliance during the interview. Use specific examples from your past roles to demonstrate how you've successfully implemented risk assessment frameworks or advised on legal entity governance.
β¨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and ability to design sustainable risk frameworks. Think about past challenges you've faced and how you approached them, particularly in relation to risk stratification and gap assessments.
β¨Communicate Effectively with Senior Leaders
Since the role involves socialising recommendations with senior leaders, practice articulating your ideas clearly and confidently. Be ready to discuss how you would influence and align stakeholders around your proposed risk governance strategies.